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KUALA LUMPUR: As the Movement Control Order (MCO) entered its 18th day on Saturday, food and beverage (F&B) businesses across the country, from cafe and restaurant owners to big-name fast-food outlets, manufacturers and retailers continue to feel the impact of the measures to minimise the spread of Covid-19.
Impact on household incomes likely to be more significant than the contraction in the economy
Recessions and bear markets are almost a shoo-in for long-term investing. While we will never be able to guess its exact timeline, what’s certain is that it is around the bend, particularly after an 11-year bull run since the 2008 financial crisis.
ON Thursday afternoon, an interesting development took place that saw investors quickly rushing into oil and gas (O&G) stocks on Bursa Malaysia.
PETALING JAYA: Boustead Petroleum Marketing Sdn Bhd (BHPetrol) has appointed Leslie Ng Chie Shean as chief executive officer, effective April 1,2020.
NEW YORK: Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a global deal to cut crude supply worldwide will emerge early next week.
NEW YORK: Wall Street's main indexes fell more than 1.5% on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, intensifying fears of a deep economic slowdown.
HONG KONG (Bloomberg) -- As the coronavirus pandemic wrecks economies, markets and fortunes, three founders of a company that makes ventilators have added a combined US$7.3bil to their wealth this year.
Hennes & Mauritz AB said governments aren’t doing enough to help as three-quarters of the Swedish clothing retailer’s stores remain shut due to the coronavirus pandemic, making job cuts necessary.
OIL slid back below US$25 a barrel after a record surge as doubts crept in about a deal touted on Twitter by U.S. President Donald Trump that would see deep supply cuts from producers including Saudi Arabia and Russia.