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Optimism based on indicators that have shown big improvements
PETALING JAYA: Heineken Malaysia Bhd is reducing capital expenditure (capex) and adopting various cost control measures to preserve cash, in light of the uncertain economic and business regulatory environment.
OVER the past month, most of the retail- and hospitality-based real estate investment trusts (REITs) had announced their quarterly results for the second quarter (Q2) period and the underlying picture is that these REITs are under pressure, brought about by the movement control order (MCO) as well as sluggish growth during the recovery MCO (RMCO) period.
April-June economy, battered ruthlessly by Covid-19, down to 40-year low
KUALA LUMPUR: Bank Negara Malaysia’s intervention in the financial market through overnight policy rate (OPR) cuts, liquidity injection and releasing debt reserve has helped keep it orderly as it was pre-Covid-19.
SINGAPORE/BEIJING: China's diesel demand is likely to hit a record this year powered by trucking activity, as Beijing's aggressive stimulus fuels a construction and delivery boom and a speedy recovery in heavy machinery sales, analysts say.
KUALA LUMPUR: Bank Negara Malaysia lowered its forecast for the economy this year due to the impact of the Covid-19 pandemic and it expected negative growth of between 3.5% and 5.5% this year before rebounding 5.5% to 8% next year.
KUALA LUMPUR: Malaysia's economy shrank 17.1% in the second quarter ended June 30 as it was seriously impacted by the movement control orders, especially in April, which was a much deeper contraction compared with a Bloomberg survey of 10.9%.