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KUALA LUMPUR: A late rebound on Bursa Malaysia fizzled out due to the lack of strong follow through buying on Thursday while the broader market was mixed as investors awaited the stimulus programme to be announced on Feb 27.
THE RM23.2mil 5G demonstration project involving three verticals split between seven telco companies will be rolled out in Penang beginning next month.
Airlines face downsizing, even closure if outbreak persists
PETALING JAYA: The transitory nature of the coronavirus disease (Covid-19) has resulted in extended post-Chinese New Year closures of factories and other establishments, especially in China which has disrupted the supply chain, but work is returning, albeit gradually.
KUALA LUMPUR: Blue chips extended their decline on Thursday, weighed down by banks on concerns of a rate cut and weaker economic growth crimping their profits due to the Covid-19 coronavirus.
KUALA LUMPUR: The Malaysian aviation industry stands to lose RM4.4bil this year if the aviation authorities in China, Japan and South Korea bar Malaysian-based airlines from introducing new routes following the downgrading of Malaysia’s aviation safety rating in November last year.
In the wake of the Covid-19 coronavirus crisis, local travel stakeholders have measures in place to safeguard the well-being of visitors to the country, as well as plans to help the tourism industry recover.
PETALING JAYA: The aviation sector is among the worse hit in terms of business from the outbreak of the novel coronavirus (2019-nCoV) and this has forced airlines to seek ways to cushion the blows.
KOTA KINABALU: Airlines have agreed to waive cancellation fees while the Immigration Department will allow a special extension of one week to China nationals stranded in the state following the novel coronavirus outbreak, says Deputy Chief Minister Datuk Christina Liew.
KUALA LUMPUR: There was an exodus of foreign funds from Bursa Malaysia in the previous week as international investors sold RM659.7mil net of local equities.