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KUALA LUMPUR: The ringgit opened higher today against the US dollar on better demand due to investors’ improved risk appetite ahead of the announcement of the government's economic stimulus package later today.
KUALA LUMPUR: Some nibbling of key stocks Public Bank and Petronas Chemicals helped nudge the FBM KLCI to the key 1,500 level early Thursday after the release of their results.
PETALING JAYA: Malaysia’s current political crisis has thrown a spanner in the works for the country’s construction sector, which is slated for the rollout of several mega projects in the coming months.
SHANGHAI/SEOUL: Asia reported hundreds of new coronavirus cases on Wednesday, including the first U.S. soldier to be infected, as the United States warned of an inevitable pandemic, and outbreaks in Italy and Iran spread to more countries.
KUALA LUMPUR: The FBM KLCI broke below the psychologically 1,500-point mark on Wednesday as the country’s political uncertainty drags on, amid announcement by Interim Prime Minister Tun Dr Mahathir Mohamad to put aside all politics and concentrate on resolving country’s economic issues.
KUALA LUMPUR: Interim Prime Minister Tun Dr Mahathir Mohamad is scheduled to announce an economic stimulus package on Thursday, according to a press invitation today.
KUALA LUMPUR: Interim Prime Minister Tun Dr Mahathir Mohamad has completed a meeting with the Finance Ministry’s top officials in regards to the tabling of the Economic Stimulus Package.
KUALA LUMPUR: The ringgit extended its downtrend against the US dollar at the opening today as the country’s political uncertainty drags on amid reports of a unity government in the works and calls for a snap election, analysts said.
KUALA LUMPUR: Affin Hwang Capital Research has downgraded its call on the construction sector to “underweight” due to the political uncertainty following the resignation of Prime Minister Tun Dr Mahathir Mohamad.
SINGAPORE: Temasek Holdings Pte, Singapore’s state-owned investment firm, is implementing a company-wide wage freeze and asking senior management to take voluntary pay reductions for up to a year amid the coronavirus outbreak.