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KUALA LUMPUR: Foreign investors continued to exit Bursa Malaysia for the May 18-21 period, recording a total net outflow of RM394.34 million, as the country entered the third week of its Conditional Movement Control Order (CMCO) enforcement amidst the COVID-19 pandemic.
BEIJING: Chinese President Xi Jinping said he won’t let the world’s second-largest economy return to its days as a planned economy, pushing back against U.S. criticism that the nation has failed to deliver on promised reforms.
Non-bank/tech players take long-term view of outlook
THE value of Malaysian gold jewellery export is likely to plunge by 70% to 80% this year from US$6.3bil in 2019 due to the outbreak of Covid-19.
IN early 2020, New York’s luxury real estate market was finally showing signs of life. There was a large oversupply of new condos, but buyer and seller expectations – never aligned in the best of circumstances – were slowly beginning to move in tandem.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which saw its net profit slump by 68% to RM4.5bil in the first quarter ended March 31, 2020, sees a very challenging year.
KUALA LUMPUR: Uzma Bhd's subsidiary Uzma Energy Ventures (Sarawak) Sdn Bhd and EQ Petroleum Developments Malaysia Sdn Bhd (EnQuest) have mutually terminated the Tanjong Baram small field risk service contract (SFRSC) with Petronas following the economic cut-off as agreed in the terms of the contract.
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.