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New Finance Minister needs all the support he can get
For many, this sum is huge, as they earn less than RM6,300 a month with savings of only RM209,000 at retirement
PETALING JAYA: The Malaysian stock market continues to reel from uncertainties over the future of the new government, and compounded by the worsening coronavirus (Covid-19) outbreak.
KUALA LUMPUR: Bursa Malaysia saw its trading volume surge to over five billion shares on Friday, the last trading day of February, as the FBM KLCI tumbled to the lowest since December 2011, battered by the Covid-19 and ongoing political turmoil.
KUALA LUMPUR: The political crisis in the Pakatan Harapan coalition government has seen UOB Kay Hian Malaysia Research lowering its FBM KLCI trough valuation to 1,480 based on 15 times 2020F price-to-earnings PE (-one standar deviation) to mean.
KUALA LUMPUR: Bursa Malaysia came under selling pressure at the start of Monday as investors grew concerned over political uncertainties as Pakatan Harapan is on the brink of collapse.K
KUALA LUMPUR: UMNO Youth Chief Asyraf Wajdi Dusuki has been told by Damansara Member of Parliament and DAP Publicity Secretary Tony Pua to know the difference between land value and total development value before speaking up on the matter.
Hong Kong is in technical recession, while Singapore narrowly evaded one, charting a growth of a measly 0.1% in the third quarter. The United States, Europe and Britain are all experiencing a slowdown in the economy.
PETALING JAYA: The Institute for Democracy and Economic Affairs (IDEAS) is urging the government to consider a more transparent approach toward reforming government-linked companies (GLCs).