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KUALA LUMPUR: Moody's Investors Service has downgraded Malaysia’s banking system to negative from stable to reflect growing risks from coronavirus outbreak.
VIENNA: The U.N. atomic agency is sending an initial batch of equipment to about 40 countries, including Malaysia, with which they will be able to perform a standard test for the coronavirus involving a technique derived from nuclear science, it said on Wednesday.
TOKYO: Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China.
KUALA LUMPUR: Following the rapid spread of Covid-19 and the heightened financial volatility, growth outlook for developing countries in the East Asia and the Pacific (EAP) region, including Malaysia, has been sharply downgraded as they face global financial shock and recession.
PETALING JAYA: The local stock market has started the week in the red after a strong rally last week that saw the benchmark index, the FBM KLCI, surging more than 10% as the market anticipated the massive stimulus package by the government.
KUALA LUMPUR: Airline companies including some of the most well-known in the industry are facing their biggest challenge due to COVID-19 pandemic, Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed said.
A TINY country that’s long been the barometer of global commerce is sending up distress flares. How big a blow the Covid-19 pandemic inflicts on Singapore’s economy will depend much on events outside its control.
ALREADY struggling with coronavirus-induced slowdowns, emerging market economies are facing further pressure from a rallying dollar, which has inflated borrowing costs for businesses and prompted foreign money to leave their stock markets.