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ON a building site about 20 miles east of London, workers are busy putting up the largest warehouse in Europe. Just leased to Amazon.com Inc, it can’t go up fast enough.
KUALA LUMPUR: Kumpulan Powernet Bhd’s net profit jumped 216% to RM7.31mil in the fourth quarter ended June 30 from RM2.31mil a year ago, boosted by strong revenue from its new construction-related division.
KUALA LUMPUR: Malaysia needs to widen its fiscal deficit target, tap into the capital market for financing and attract foreign investments to revitalise the economy after the Covid-19 pandemic, China's Labuan-registered Asia Pacific Investment Bank (APIB) says.
KUALA LUMPUR: Malaysian tycoon Tan Sri Lim Kok Thay has pledged nearly his entire stake in embattled cruise operator Genting Hong Kong Ltd. as collateral for loans, raising the risk of a margin call after the stock plunged 38% on Thursday.
KUALA LUMPUR: Sarawak Consolidated Industries Bhd rose over 1.7% in early trade Wednesday following news of its RM707mil contracts in Abu Dhabi, Malaysia and Indonesia.
Country suffers record slump as virus hits consumption
TOKYO: Japan's low unemployment rate on paper suggests an economy weathering the coronavirus reasonably well, but official figures belie worsening prospects for the country's army of temporary workers, who make up about 40% of the jobs market.
KUALA LUMPUR: JF Apex Research expects Dayang Enterprise Holdings Bhd. MISC Bhd, Nexgram Holdings Bhd, Eco World Development Group Bhd, Inta Bina Group Bhd and LPI Capital Bhd to be among the stocks to watch on Tuesday.