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PETALING JAYA: Hektar REIT’s net profit for the first quarter ended March 31 dropped 20.62% to RM7.08mil on the back of a 7.9% drop in revenue to RM30.71mil, as it was impacted by the movement control order (MCO) to contain the Covid-19 pandemic.
TOKYO: Japan is considering a fresh stimulus package worth over $929 billion (£764 billion) that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic
SHANGHAI,: Chinese lenders could post flat or even falling profits in 2020 despite earnings growth in the first quarter, as the coronavirus outbreak brings difficulties to the economy, the country's central bank said in an article on Sunday.
KUALA LUMPUR: FGV Holdings Bhd and MSM Malaysia Holdings Bhd are speeding up the development of a new agriculture growth area called FGV Agro Food-Valley in Chuping, Perlis.
TOKYO: Japan's core consumer prices fell for the first time in more than three years in April on an annual basis, as weak oil prices and coronavirus lockdown measures heightened deflation risks.
PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) plans to venture into the renewable energy segment as it seeks to diversify its business presence and strengthen its revenue streams.
KUALA LUMPUR: When Shell engineer Incham Serdin quit his job four years ago to start a small palm plantation in his native Malaysia, prices of the fleshy fruit bunches used to make the world's most-consumed vegetable oil were bubbling near their peak
PETALING JAYA: Global management consulting firm Mckinsey & Co’s survey on Malaysia’s consumer sentiment in April shows 80% of the respondents are more careful about how they spend money and two-thirds (66%) are cutting back on their spending amid the Covid-19 pandemic.
KUALA LUMPUR: Petronas through its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50% of its participating interest to ExxonMobil Exploration and Production Suriname BV (ExxonMobil) from a 100% participating interest in Block 52, offshore Suriname.