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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.
KUALA LUMPUR (Bloomberg) -- Oil palm planters in Malaysia, the world’s second-largest grower, warned that closing estates in its top-producing state may exacerbate the spread of the coronavirus by creating a flood of economic migrants, while tightening food supplies.
KUALA LUMPUR: Stocks to watch on Thursday include Wong Engineering Corporation Bhd, Yinson Holdings Bhd, Keck Seng (M) Bhd, Genting Bhd and Landmarks Bhd, according to JF Apex Research.
PETALING JAYA: A complete standstill in loan growth in the next few months as a result of a disruption by the movement control order (MCO) amid the outbreak of Covid-19 is expected for local lenders.
KUALA LUMPUR: Wong Engineering Corp Bhd (WECB) plans to acquire a 35% stake in a company controlled by its its substantial shareholder Ong Yoong Nyock.
KUALA LUMPUR: Several banks have announced that they will not be compounding interest for its customers during the six-month moratorium period announced recently by Bank Negara Malaysia (BNM).
PETALING JAYA: Thousands of food and beverage (F&B) companies in Malaysia are pleading for government relief and support as the spread of the Covid-19 pandemic has brought businesses, particularly small and medium enterprises (SMEs), down on their knees.
CHINA'S currency traders are much less worried about the prospects of a global economic recession than their colleagues trading the S&P 500 or the Brazilian real.
PETALING JAYA: After the latest slash in the key benchmark interest rate, a cut in the statutory reserve requirement (SRR) appears imminent amid the coronavirus (Covid-19) outbreak with the economy remaining under further pressure.
KUALA LUMPUR: OCBC Bank (M) Bhd has rolled out OCBC OneCollect, the country’s first merchant cross-border quick response code (QR Code) collection service.