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HONG KONG: Asia's stocks fell to fresh seven-month troughs on Tuesday, led by a third straight session of heavy selling of Chinese internet giants, while bond and currency markets clung to tight ranges ahead of the Federal Reserve policy meeting.
KUALA LUMPUR: The worsening Covid-19 situation is expected to continue to exert pressure on IGB Real Estate Investment Trust's (REIT) earnings in the third quarter of the year with rental support provided to tenants during this challenging period.
PETALING JAYA: Syarikat Takaful Malaysia Bhd (STMB) is yet another company to see its earnings targets being cut amid the prolonged movement restrictions across the nation due to Covid-19.
HANOI: Standard Chartered has lowered its growth forecast for Vietnam for 2021 from 6.7% to 6.5%.
KUALA LUMPUR: The ringgit is expected to trade at current levels this week and is poised to reach the 4.30 level against the US dollar should risk-on sentiment hold and oil prices continue to decline, according to a trader.
AGAINST an evolving outlook on Covid-19, banks are facing the challenge from this crisis head-on, with a focus on providing flexible loan repayment and restructuring packages with speedy approvals.
KUALA LUMPUR: The government should look for a more relevant and accurate measure to assess the local COVID-19 situation, rather than just relying on the number of daily recorded infections to determine the lockdown, said the Malaysian Employers Federation (MEF).
KUALA LUMPUR: The FBM KLCI remained range-bound above the 1,500 psychological support as uncertainty over the local Covid-19 situation and its impact on the national economy continued to cast a gloom over the investment landscape.