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Singapore plans massive budget stimulus to counter Covid-19
Singapore: Singapore is set to deliver a strong budget this week to offset the damage to the economy from Covid-19, with analysts predicting the biggest deficit in almost two decades.
Quick take: London Biscuits tumbles 40% on liquidation risks
KUALA LUMPUR: London Biscuits Bhd, which has been slapped with a winding-up petition, tumbled 40% in early trade Thursday.
Local currency forecast at RM4-RM4.10 against US dollar
PETALING JAYA: After more than two years of decline against the US dollar, the ringgit is expected to strengthen to between RM4 and RM4.10 against the greenback this year, according to Standard Chartered.
Economy to expand up to 4.5%, OCBC Bank says
KUALA LUMPUR,: OCBC Bank expects Malaysia’s gross domestic product (GDP) to grow between 4.2 per cent and 4.4 per cent this year, and the ringgit to improve to RM4.04 against the US dollar by end-2020.
Top 20 stock picks for 2020
With the arrival of a new decade, analysts and fund managers present to StarBizWeek 20 stock picks which they opine will outperform the market.
Singapore posts slowest annual growth of the decade
SINGAPORE: Singapore’s economic growth slumped in the final months of 2019 as trade-reliant sectors struggled to gain traction despite an easing of US-China tensions.
Ant Financial joins Singapore digital banking race
HONG KONG (Bloomberg): Billionaire Jack Ma’s Ant Financial has applied for a digital banking license in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.
Gamuda eyes boost from overseas
SHAH ALAM: Gamuda Bhd intends to grow overseas contribution to its construction business to 50% within the next three years from 20% currently, underpinned by projects in Australia, Taiwan and Singapore.
Gamuda expects first Bayan Lepas LRT package award by mid-2020
KOTA KEMUNING: Gamuda Bhd, which is building the proposed Komtar-Bayan Lepas Light Rail Transit (LRT) project in Penang, expects the first package to be awarded by the middle of 2020.
