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KUALA LUMPUR: Drugmaker Pharmaniaga Bhd said revenue increased 20% in the last quarter on improved demand, but a huge one-time hit on expenses incurred for the Pharmacy Information System (PhIS) resulted in heavy losses for the company.
KUALA LUMPUR: Genting Hong Kong's Dream Cruises has suspended Genting Dream's operations from Singapore from Sunday, Feb 23 until March 27 due to concerns caused by the outbreak of the Covid-19 coronavirus.
KUALA LUMPUR: Tabung Haji's four operating hotels, which were transferred to Urusharta Jamaah Sdn Bhd (UJ), will operate under a new name of Raia Hotel from April 1 and the staff would be absorbed.
SHANGHAI/BANGKOK: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
PETALING JAYA: JT International Bhd (JTI) hopes the multi-agency approach taken by the government to curb illegal cigarette trading in the country will be successful in their mission.
SINGAPORE: Palladium surged above US$2,800 an ounce, extending its record-breaking rally on forecasts for a widening deficit. Gold is trading near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth.
HONG KONG: A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labour costs.
TOKYO: Oil prices rose on Wednesday, with Brent gaining a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market.
HONG KONG (Bloomberg) -- A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs.
KUALA LUMPUR: The ringgit opened lower versus the US dollar today, as demand for the greenback remained higher against a basket of ASEAN currencies amid lingering COVID-19 worries.