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But ample liquidity and low interest rates to cushion downside
With Petronas Nasional Bhd (Petronas) reporting a loss after tax of RM21bil for the second financial quarter ended June 30,2020, the outlook for service providers in Malaysia looks even more glum. Local players, however, chose to remain upbeat while acknowledging that the negative impact would be felt by some players.
National oil company pursues new revenue streams after RM21bil loss
KUALA LUMPUR: Petroliam Nasional Bhd, which posted net losses in the first half ended June 30, 2020 due to impairments and weak prices, cautioned that its financial performance of this year is expected to be impacted by the low oil price and weak demand environment.
PETALING JAYA: After flushing the stock market with huge liquidity since April this year, retail investors may take a back seat as the six-month loan moratorium draws to an end.
HANOI (Reuters) - Vietnam plans to restart international commercial flights to and from six Asian cities from mid-September, state media reported on Thursday, ending months of coronavirus-related suspension after easing some restrictions on foreign business travellers.
HONG KONG (AFP): Equities rallied in Asia on Thursday (Sept 3) following another blow-out session on Wall Street as investors bet that the global economy is on the right track, fuelled by new vaccine hopes and central bank largesse.
ROME, Sept. 2 (Xinhua) -- Share prices for Italian-American carmaker Fiat-Chrysler climbed in trading Wednesday after the company announced that its domestic sales which were battered earlier in the year due to the coronavirus pandemic and other factors, nearly recovered in August.