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Asian markets spooked by rising trade tension
Contradicting statements from US fray investors’ nerves
Furniture exporter Poh Huat warns of bigger Covid-19 hit in second half
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.
Positive outlook for the ringgit
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.
Wirecard says missing US$2.1b likely did not exist
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.
US and Brazil protest Thailand’s pesticide ban
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.
Central bank reserves can’t be taken for granted
We need to assess the financial system’s weaknesses
Indonesia warns unemployment to spike due to pandemic
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.
Pos Malaysia gains from e-commerce surge during Covid-19
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.
New approach needed for automotive policy
Call for more incentives to promote large-scale use of EVs
Mah Sing can tap land bank for at least 8 years
Remaining GDV and unbilled sales total RM24.8bil