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KUALA LUMPUR: AmInvestment Research has described the 2020 Economic Stimulus Package, launched by interim Prime Minister Tun Dr Mahathir Mohamad as a soothing balm to the rakyat, businesses and the economy as a whole, that have been affected by the recent Covid-19 outbreak.
NEW YORK: Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year, as new reports of novel coronavirus cases outside China spurred investor fears that the rapidly spreading outbreak could slow the global economy.
KUALA LUMPUR: The challenging economic environment currently could only be a short-term volatility that Malaysia would be able to see through easily, thanks to the country’s strong fundamentals.
KUALA LUMPUR: I-Bhd net profit fell by 43.6% to RM3.49mil in the fourth quarter ended Dec 31,2019 from RM6.19mil a year ago, dragged by lower profit from its property development segment.
KUALA LUMPUR: Genting Bhd posted net profit of RM1.99bil in the financial year ended Dec 31,2019, an increase of 46.1% from the RM1.36bil in FY18 but it remained cautious for this year due to the impact of the Covid-19 coronavirus,
KUALA LUMPUR: RHB Bank Bhd posted net profit of RM2.48bil in the financial year ended Dec 31,2019 (FY19), an increase of 7.7% year-on-year from RM2.30bil in FY18.
KUALA LUMPUR: Malayan Banking Bhd posted a record net profit of RM8.20bil in the financial year ended Dec 31,2019 (FY19), lifted a strong performance in the fourth quarter, compared with RM8.11bil in FY18.
BANGKOK: Rising coronavirus cases in Thailand dimmed the outlook for a quick rebound in tourism, sending the nation’s equities benchmark to rank as the world’s worst performer.
SINGAPORE: Oil and Asian share markets extended losses on Thursday as the rapid global spread of the Covid-19 coronavirus kept investors on edge and seeking safety in gold and bonds.
SINGAPORE: Oil and Asian share markets slipped on Thursday, struggling to find a footing as the rapid global spread of the coronavirus left investors on edge and seeking safety in gold and bonds