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KUALA LUMPUR (Bernama): The Selangor Umno Liaison Committee has filed a preliminary objection against the government’s application to forfeit funds amounting RM2,738,525.08 which were seized from them.
KUALA LUMPUR: Malaysia’s economy is expected to continue to grow in the months ahead, based on the latest economic indicators but risks from Covid-19 remain, the Statistics Department says.
Abu Dhabi's International Petroleum Investment Co (IPIC) said on Wednesday that it was dropping a lawsuit against Goldman Sachs Group Inc to recover losses suffered from the U.S. investment bank's dealings with Malaysian state fund 1MDB.
NEW YORK: Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of US$8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers.
WASHINGTON, Oct. 21 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, calling it "the worst outcome for this region in living memory."
KUALA LUMPUR: The Business Conditions Index (BCI) posted a modest recovery of 25.3 points in the third quarter (Q3) of 2020, settling at 86.3 points compared with a major drop of 22.0 points in Q2, indicating a boost in manufacturers’ confidence level.
TOKYO: Bank of Japan (BoJ) board member Makoto Sakurai said yesterday the central bank must take “swift and appropriate” action if the coronavirus shock delays the country’s economic recovery.
SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd said yesterday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic.
FOR an airline built in an era of globe-spanning cosmopolitanism, a pandemic that’s shut the world’s borders is particularly brutal