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Group says MCO impact expected to last more than 6 months
KUALA LUMPUR: The FBM KLCI continued picking up points in the late session as momentum built over the prospect over an oil deal and the Malaysian government announced more fiscal measures to aid ailing SMEs.
KUALA LUMPUR: The domestic equities market erased its earlier loss and ended in positive territory ahead of a special announcement by the government later today.
BAGHDAD: On an abandoned sidewalk in Baghdad, a city under strict government curfew to contain the Covid-19 (coronavirus) outbreak, a handful of volunteers with masks and gloves make food packages for needy families.
DUBAI/MOSCOW, April 4 (Reuters) - OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
Impact on household incomes likely to be more significant than the contraction in the economy
Recessions and bear markets are almost a shoo-in for long-term investing. While we will never be able to guess its exact timeline, what’s certain is that it is around the bend, particularly after an 11-year bull run since the 2008 financial crisis.
It may seem that logistics companies are enjoying a brisk spike in business during the movement control order (MCO) period, particularly those involved in last mile delivery - but that does not seem to be the case.
ON Thursday afternoon, an interesting development took place that saw investors quickly rushing into oil and gas (O&G) stocks on Bursa Malaysia.