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KUALA LUMPUR: AmInvestment Research is retaining its overweight recommendation for the auto sector with a total industry vehicles (TIV) projection of 565,000 units for 2020.
KUALA LUMPUR: Bursa Malaysia ended in negative territory today, dragged by selling in selected heavyweights including Petronas-linked companies.
KUALA LUMPUR: Petronas Dagangan, Petronas Gas and Petronas Chemicals shares were all in the red today following reports that Petroliam Nasional Bhd (Petronas) is withdrawing its appeal at the Court of Appeal over Sarawak’s sales tax dispute.
KUALA LUMPUR: The tough economic climate fuelled by the Covid-19 pandemic has cast a pall over the Malaysian advertising and marketing industry.
KUALA LUMPUR: Kenanga research has downgraded Bermaz Auto Bhd to "underperform" as its FY20 earnings results failed to meet expectations while consumer spending is expected to remain cautious moving forward.
PETALING JAYA: The sales tax exemption for passenger cars is a much-needed boost for the auto sector that will reduce new vehicle selling prices and jump-start vehicle sales from the second half of 2020, said analysts.
KUALA LUMPUR: Malaysia's economy slowed down to 0.7% in the first quarter as it was significantly impacted by the measures to contain the Covid-19 pandemic but Bank Negara Malaysia expects the adverse effects to be seen more in the second quarter.
THE full reopening of the economy could be delayed until early June 2020, beyond the fourth phase of the movement control order (MCO) that is expected to end on May 12. In his much-awaited speech on the eve of Ramadan, Prime Minister Tan Sri Muhyiddin Yassin has hinted that a fifth phase of the MCO remains a possibility.
THE Safety Glass Processors Association of Malaysia (SGPAM) fully acknowledges the Government’s timely and proactive response by the unveiling of the Prihatin Rakyat Economic Stimulus Package and it is reassuring to note that the people’s interests are being taking into account and addressed.