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JAKARTA: Indonesia plans to build one of its largest industrial parks on the north coast of Java island in a renewed drive to attract manufacturers relocating out of China as Southeast Asia's biggest economy comes out of a coronavirus-induced lockdown.
NEW YORK: Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve
KUALA LUMPUR: Profit-taking took over global markets on Thursday following a warning by US Fed chairman Jerome Powell that more stimulus may be needed to revive the crisis-hit economy.
KUALA LUMPUR: Bursa Malaysia chalked up gains in early Thursday trade, underpinned by buying of glove makers, Petronas Gas and also Hong Leong Bank but cautious Asian markets could prompt some profit taking later.
WASHINGTON: The U.S. Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year's end.
SOFTBANK Group Corp.’s Arm Ltd. and its Chinese chip venture clashed publicly Wednesday over whether the venture’s CEO had been fired, a dispute that threatens to disrupt a company central to the global semiconductor industry.
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will reduce its model prices (on-the-road excluding insurance) by between 3% and 6% via cash rebates until Sunday despite that it only takes effect next Monday.
High Commissioner Vanu Gopala Menon shares how the city-state is grappling with the Covid-19 pandemic.
SYDNEY: Chinese investment to Australia more than halved in 2019 and it would continue to fall this year due to the coronavirus outbreak and negative perceptions around government screenings of such inflows, says a report by KPMG and the University of Sydney.