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From the time tensions over trade between the United States and China began in 2018, China’s furniture exports to the United States became subject to tariffs of up to 25% by 2019, prompting many manufacturers to shift their positions to set up factories in Malaysia, followed by numerous buyers who have transferred orders to Malaysia.
HONG KONG: Hong Kong shares on Tuesday climbed to their highest level in more than a week, as the financial hub showed some signs of returning to normalcy with civil servants set to head back into offices after the government eased lockdown restrictions.
KUALA LUMPUR: Fund buying of MISC and Public Bank ensured the FBM KLCI ended Tuesday on a firmer note though the broader market was weaker.
EARLIER this week, the fourth extension of the movement control order (MCO) came into effect, and will last up to May 12.
BANKS are in a lose-lose situation. Borrowers frown upon them for making millions and expect them to make less money in tough times.
It leads to the survival of ‘zombie’ companies and gives false sense of comfort
It is important for borrowers to know their cash flow when deciding to opt in or out
THE economic downturn caused by the Coronavirus pandemic is an unusual event. It calls for unusual measures to counter the slowdown.
PETALING JAYA: The Economic Action Council (EAC) is focusing on several key thrusts in the long-term economic recovery plan, including reforming public administration in the aftermath of Covid-19 pandemic that hit the country earlier this year.