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Ipmuda expected to return to the black in FY 2022
MANILA: Philippine stocks tumbled the most in more than a year on fears coronavirus infections will rise further and spur the government to extend a two-week lockdown affecting the capital and other areas.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the greenback strengthened against commodity currencies, underpinned by recovery optimism.
HONG KONG: Asian shares retreated on Thursday as worries about Chinese regulatory changes and the spread of the Delta variant of the coronavirus weighed on sentiment despite tame U.S. inflation easing fears the Federal Reserve would rush to reduce support.
PETALING JAYA: Greatech Technology Bhd more than doubled its net profit for its second quarter ended June 30 from the previous year’s corresponding quarter.
KUALA LUMPUR: The ringgit extended its losses against the US dollar to open lower today as the greenback strengthened on positive United States (US) economic data.
BEIJING (China Daily/ANN): China may need to fine-tune its macro policy to lend more support for economic growth, as downside risks have risen amid the recent local Covid-19 resurgences while mild inflation prospects have offered the room for further easing, experts said on Monday (Aug 9).
The ringgit is expected to trade at current levels against the US dollar next week ahead of the release of Malaysia’s second quarter 2021 gross domestic product (Q2 2021 GDP) figures on Aug 13.