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KUALA LUMPUR: S&P Global Ratings updated its estimates of the total and permanent income loss for Asia-Pacific from Covid-19 at about US$620bil.
KUALA LUMPUR: The Covid-19 is expected to cause revenue loss of US$27.8bil this year for airlines in the Asia-Pacific region, the International Air Transport Association (IATA) said.
Australia's No.2 lender Westpac Banking Corp was hit with another U.S. class-action lawsuit in less than a week on Monday, over issues with its financial crime monitoring amid a recent money laundering scandal.
KUALA LUMPUR: London Biscuits Bhd’s share on Wednesday fell over 5.8% after the company said it had been served with a writ of summons for defaulting RM1.256mil.
KUALA LUMPUR: TAEL Partners, a private equity fund, has agreed to a second round of emergency shareholders' injection of RM22mil into WRP Asia Pacific Sdn Bhd.
SINGAPORE: Moody’s Investors Service’s outlook for the banking industry in Asia-Pacific is negative over the next 12 months as the US-China trade dispute will weaken economic and trade activity in the region and erode investor confidence.
THE term “deep state” is new to many. However, one thing is becoming clear – it is a tool that politicians are increasingly using as an excuse to camouflage their short-comings
KUALA LUMPUR: Karambunai Corporation Bhd's (KCB) largest shareholder Tan Sri Chen Lip Keong's proposal to take the property and tourism company private is not fair but reasonable, the independent adviser Inter-Pacific Securities said.
PETALING JAYA: Serba Dinamik managing director and group CEO Datuk Mohd Karim Abdullah (pic) and his parties acting in concert (PAC) now control some 50.09% of Kumpulan Powernet Bhd following further acquisitions in the company last week.