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PETALING JAYA: The services sector generated an estimated revenue of RM83.29bil during the first three phases of the movement control order (MCO) up to April 28, representing a drop of 38.6% in its estimated average monthly revenue.
BRUSSELS: Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial recoveries from the Covid-19 pandemic, even if they help industries that rebound quickly.
KUALA LUMPUR: The number of unemployed persons spiked by 48.8% to 778,800 in April and the overall unemployment rate increased to 5% as the economy felt the full impact from the lockdown during the Movement Control Order (MCO).
Unprecedented drop in working population
ALTERNATIVE data has been a buzzword on Wall Street for years. Never has demand been greater than during the coronavirus era
KUALA LUMPUR: Stocks to watch on Thursday include Ancom Bhd, Ancom Logistics Bhd, Nylex (M) Bhd, MQ Technology Bhd, Tex Cycle Technology, NetX Holdings, Lambo Group Bhd and MISC Bhd, according to JF Apex Research.
KUALA LUMPUR: Shares in Econpile Holdings Bhd rose higher in early trade Thursday on securing a new contract worth RM24.1mil.
KUALA LUMPUR: The services sector revenue recorded negative growth of 24% in the second quarter of 2020 to RM335.6bil as compared with the same quarter of the previous year, said the Statistics Department
KUALA LUMPUR: Rising Covid-19 coronavirus cases in India will keep private spending and investment lower for longer and S&P Global Ratings expects the economy to contract much sharper than forecast.