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PETALING JAYA: The effects of Covid-19 and the subsequent movement control order (MCO), especially in the second half of March, saw Star Media Group Bhd (SMG) posting weaker revenue for its first quarter (1Q 2020) financial results with revenue declining to RM65.8mil from RM82.57mil due to softness in the Malaysian economy.
After experiencing political changes earlier this year and the onslaught of new coronavirus disease (Covid-19), it’s high time that Malaysia took another look at its national digital plan.
KUALA LUMPUR: Hap Seng Consolidated Bhd's net profit profit rose by 1.5% to RM160.37mil in the first quarter ended March 31,2020 from RM157.98mil a year ago due to better results from the property and credit financing divisions.
KUALA LUMPUR: The effects of Covid-19 and the subsequent movement control order (MCO), especially in the second half of March, saw Star Media Group Bhd (SMG) post weaker revenue for its 1Q 2020 financial results with revenue declining to RM65.8mil from RM82.57mil due to softness in Malaysian economy.
Various initiatives being planned for an economy in transition
PETALING JAYA: The Malaysian economy will face a sharp slowdown in the near future, warned AmBank Group chief economist Anthony Dass.
PETALING JAYA: Consumer spending risks falling off a cliff as more Malaysians are retrenched or undertake pay cuts, according to experts.
AGAINST a highly challenging global economic outlook, a global recession looks imminent. The Malaysian economy is expected to see a contraction of -2% at its worst and growth of 0.5% at its best in 2020, compared with 4.3% in 2019.
KUALA LUMPUR: The Leading Indicator (LI) for March 2020 recorded its largest monthly drop since November 1991, following the imposition of a two-week Movement Control Order (MCO) beginning on March 18 to curb the spread of Covid-19.
KUALA LUMPUR: Allianz Malaysia Bhd is anticipating more insurance payment default come October after the six-month loans moratorium period ended, its chief executive officer Zakri Khir said on Tuesday.