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KUALA LUMPUR: The rebound seen on the local stock exchange yesterday proved short-lived as the market tumbled further on Wednesday amid growing pessimism over the rising number of coronavirus cases and the state of the global recovery.
KUALA LUMPUR: Retailer Kim Hin Joo (M) Bhd (KHJ) will continue to focus on its presence in Malaysia despite the Covid-19 pandemic, sluggish economic growth and poor consumer confidence, said managing director Pang Fu Wei.
MANILA: The Philippine peso is seen notching a third year of gains in 2021 as the sluggish economic recovery curbs imports and with remittances expected to rebound.
KUALA LUMPUR: IGB Real Estate Investment Trust (IGB REIT), the owner of Mid Valley Megamall, said profits fell in the third quarter ended Sept 30 on lower rental income and weaker contribution from its car park business.
SINGAPORE: Singapore's record recession was deeper than first thought in the second quarter, data showed on Tuesday, signalling a lengthy path to recovery as the coronavirus pandemic dealt a major blow to Asia's trade-reliant economies.
KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) expects the current sluggish economic and business conditions to result in a material adverse impact on its financial performance this year.