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NEW DELHI: India’s most ambitious step to get a tighter grip on rupee trading, which has been shifting to markets like London and Singapore, is being put to the test as the nation’s banks start trading the currency in offshore markets.
HANOI: An interactive video conference on "Promoting Vietnam - US Trade in Footwear Post Covid-19” took place in Washington DC to connect Vietnamese producers and American distributors and retailers, Vietnam News agency reported on Saturday (May 30).
PETALING JAYA: Kuala Lumpur Kepong Bhd’s (KLK) net profit suffered a sharp plunge in the second quarter of financial year 2020 (2Q20) due to unrealised foreign currency exchange losses of RM178.1mil and lower contribution from its property development business.
PETALING JAYA: IOI Corp Bhd posted a net profit of RM100,000 in the third quarter of financial year 2020 (3Q20). This was despite registering a higher revenue of RM2.03bil in the three-month period.
KUALA LUMPUR: IOI Corporation Bhd posted net profit of just RM100,000 in the third quarter ended March 31,2020 versus RM245.80mil a year ago due to the foreign currency translation loss and lower contribution from all segments.
PETALING JAYA: Local companies should capitalise on digitisation and e-commerce to build a global brand name in the “new normal", says International Trade and Industry (Miti) Deputy Minister Datuk Lim Ban Hong.
PETALING JAYA: Public Bank Bhd, the country’s second largest bank by market capitalisation, began the financial year of 2020 (FY20) with a 5.7% year-on-year (y-o-y) fall in net profit for the first quarter.
ISTANBUL (Reuters) - At a luxury hotel in Istanbul, staff in gloves and masks space out and disinfect tables as they prepare for a scheme which Turkey hopes will rescue part of its $35 billion tourism industry from the ravages of coronavirus.
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: The international reserves of Bank Negara Malaysia rose US$100mil over a two-week period to US$102.6bil as at May 15, 2020.