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PETALING JAYA: The combination of rising raw material prices and chip shortage, which is having an impact on global car prices, could affect the Malaysian automotive industry if the situation worsens.
DUBAI: Dubai Airport, the world’s largest by international passenger numbers, expects to recover up to 90% of its pre-pandemic capacity by autumn and will reopen a terminal as demand picks up.
WASHINGTON: Markets were jostled Wednesday after U.S. Federal Reserve officials projected interest rate hikes sooner than expected, with stocks sliding and the dollar jumping on the news.
MANILA: The Philippine peso fell the most in more than two months yesterday after coronavirus curbs were prolonged in the capital Manila and nearby provinces until end-June and quarantine measures were tightened to battle rising infections.
SYDNEY: Australia’s central bank sketched out several scenarios for its quantitative easing programme which is due to be decided at the July policy meeting, and also set parameters for extending its three-year government bond yield target.
Producers of the lightweight metal are increasingly calling the shots in pricing talks with Japanese buyers, as demand climbs amid a tightening global market driven by economies recovering from the pandemic
Moody’s Analytics expects Malaysia’s Industrial Production Index (IPI) growth to ease in the coming months due to tighter restriction measures and production capacity limitations, which will inevitably dent output.
KUALA LUMPUR: The ringgit opened higher against the US dollar today as the greenback loses its ground due to rising inflation, a dealer said.
CHINESE ride-hailing company Didi revealed a $1.6 billion (RM6.59bil) net loss for 2020 as it moves ahead with plans for a U.S. initial public offering.
KUALA LUMPUR: Malaysian Real Estate Investment Trusts (REIT) could be poised for a strong recovery following the end of the current movement restrictions, underpinned by pent-up consumer demand.