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Recessions and bear markets are almost a shoo-in for long-term investing. While we will never be able to guess its exact timeline, what’s certain is that it is around the bend, particularly after an 11-year bull run since the 2008 financial crisis.
NEW YORK: The cost of hauling oil from the US to China has skyrocketed to nearly US$10 a barrel - almost half of what the American benchmark crude is currently valued at - as the price war spurs a rush for ships.
PETALING JAYA: Petroliam Nasional Bhd (Petronas)-listed companies are best positioned to significantly raise dividends that will help the Government to fund the RM250bil Prihatin stimulus package, according to UOB Kay Hian Research.
BEIJING: Asia’s top refiner China Petroleum & Chemical Corp, or Sinopec, will trim capital expenditures in 2020 by 2.5% from a year earlier amid plunging oil prices and tepid fuel demand caused by the coronavirus outbreak.
KUALA LUMPUR: CGS-CIMB Equities Research has a sum-of-parts value for Dialog Group Bhd at RM5.23 compared with its current share price of RM2.93 as the market is undervaluing the technical service provider in the oil, gas and petrochemical industries.
PETALING JAYA: The manufacturing of crucial products will be allowed to operate but subject to certain conditions, said the National Security Council (NSC).
GEORGE TOWN: Contractors and developers in Penang will suffer losses amounting to hundreds of millions of ringgit if the Movement Control Order (MCO) period is extended
PETALING JAYA: Manufacturers of crucial products are still allowed to operate, subject to certain conditions, during the period of the movement control order (MCO).
JOHOR BARU March 16 (Bernama): Sultan of Johor Sultan Ibrahim ibni Almarhum Sultan Iskandar on Monday (March 16), conveyed his condolences to the families of the victims of the fire at the diesel hydrotreater unit at Gate 1 of the Pengerang Integrated Complex (PIC), Kota Tinggi, on Sunday night (March 15) which killed five people.