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JAKARTA: The Finance Ministry has acknowledged that Indonesia’s recent Covid-19 surge will hamper gross domestic product (GDP) growth in the second quarter, a period that was otherwise expected to book record-high growth.
Asian markets skidded on Monday, with Japan's Nikkei 225 index losing 3.3%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. U.S. futures were marginally lower.
CASH-RICH Greatech Technology Bhd, whose latest first-quarter sales surged by over 80% year-on-year, believes that the best is yet to come.
Asian shares mostly rose Friday, as investors digested the latest message from the US Federal Reserve on raising short-term interest rates by late 2023.
PETALING JAYA: VS Industry Bhd (VSI) is expected to maintain strong order flows despite the current lockdown as it embarks on a diversification strategy to broaden its customer base.
NEW YORK: The S&P 500 and Nasdaq eked out record high finishes on Monday, despite most traders being focused on this week's Federal Reserve meeting and not on adding to existing positions.
Hana Financial Group Inc. said Monday that it has obtained preliminary approval from Singapore's financial authorities to establish an asset management company in the city-state.
Softbank's RM412.80mil Opportunity Fund has already allocated half the cash in companies led by underrepresented racial minorities, with plans to create a second fund by year's end.
BANGKOK: Thailand’s state-controlled PTT Pcl, the country’s largest company by market value, has invested in a venture to make plant-based protein, including so-called faux meat, as part of its objective to become less dependent on fossil-fuel businesses.