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PETALING JAYA: Malindo Air is ceasing all flights this month and asking 70% of its staff to take no-pay leave. That involves over 3,400 of its total 4,900 workforce. If the coronavirus (Covid-19) pandemic worsens with countries continuing to close borders and airspace, the no-pay leave situation will drag into May.
PETALING JAYA: Stockbrokers are generally neutral on the proposal to shorten trading hours on Bursa Malaysia.
(Bloomberg) -- Emerging markets have just taken a first-quarter battering. The fear on Wall Street is that it may hardly compare with what’s coming.
WASHINGTON: U.S Secretary of State Mike Pompeo held out the possibility on Tuesday that the United States may consider easing sanctions on Iran and other nations to help fight the coronavirus epidemic but gave no concrete sign it plans to do so.
THE World Health Organisation (WHO) has declared Covid-19 a global pandemic. Wall Street has marked the largest drop since the October 1987 stock market crash. Gold is breaking record highs, oil prices are back to 19-year lows and bond yields are getting close to zero even in the United States.
PETALING JAYA: The Malaysian Rubber Glove Manufacturers Association (Margma) says its members are all geared up to produce more gloves to meet the requirements if the coronavirus outbreak becomes a pandemic.
KUALA LUMPUR: Malaysian glove makers are prepared to gear up to produce more gloves to meet the requirements if the coronavirus outbreak, which originated in Wuhan, China, becomes pandemic.
KUALA LUMPUR: Condom manufacturer Karex Bhd posted net losses attributable to shareholders of RM167,000 in the first quarter ended Sept 30,2019 compared with RM1.98mil a year ago due to high raw material prices.
KUALA LUMPUR: Malaysia is planning to impose a cash transaction limit (CTL) of RM25,000 starting next year to further strengthen the country’s financial integrity.
BANGKOK: Meetings hosted by the 10-member Association of Southeast Asian Nations resumed Sunday with doubts emerging on whether the weekend would see a breakthrough in talks on the world’s largest regional trade pact.