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Contradicting statements from US fray investors’ nerves
KUALA LUMPUR: Furniture exporter Poh Huat Resources Holdings Bhd said the coronavirus (Covid-19) hit on sales and profit would be even worst in the second half of fiscal year ending Oct 31, as demand from customers in the US plunged.
PETALING JAYA: Expectations of recovery in global trade and commodity demand offer a positive outlook for the ringgit, which has gradually strengthened against the US dollar since late-March.
MUNICH: Scandal-hit German payments firm Wirecard AG yesterday said a quarter of its assets totalling €1.9bil (US$2.13bil) that auditor EY has been unable to account for likely did not exist in the first place.
BANGKOK: The United States and Brazil lodged separate protests with Thailand over its ban on two farm chemicals earlier this month, documents reviewed by Reuters show, saying the “restrictive” and “serious” move could hurt key agricultural exports.
We need to assess the financial system’s weaknesses
JAKARTA: Indonesia's unemployment rate could hit the highest in more than a decade this year due to the coronavirus pandemic, with Southeast Asia's largest economy set to contract more than previously expected in the second quarter, ministers said.
PETALING JAYA: If there would be another beneficiary of the coronavirus (Covid-19) pandemic apart from rubber glove manufacturers and healthcare companies, it has to be courier companies.
Call for more incentives to promote large-scale use of EVs