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Rising Covid-19 cases and the latest MCO a setback to economic recovery
OVER the past couple of months, financial markets have fluctuated wildly due to the Covid-19 pandemic and collapse of crude oil prices since early March. Warnings of an imminent global recession have been ringing louder than ever.
Private consumption halved during the movement control order (MCO) in Malaysia
PETALING JAYA: The overall impact of the weaker ringgit is negative on the economy, although exporters stand to gain from the situation, according to analysts.
BEIJING (Reuters) - The price of pork in China could soon rival U.S. payrolls as the world's most watched economic indicator.
RAM Ratings Services Bhd has downgraded the ratings of Idaman Capital Bhd's RM220mil senior fixed-rate bonds and RM20mil mezzanine fixed-rate bonds to 'BBB2' and 'BB2' respectively.