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Tabung Haji net profit jumps 82.4% to RM1.25b in 1H this year
KUALA LUMPUR: Lembaga Tabung Haji (TH) recorded a strong financial performance in the first half ended June 30,2020 with net profit up 82.4% to RM1.25bil, boosted by stronger investment income.
Cambodia allocates US$1.16bil for economic, social supports amid Covid-19 outbreak
PHNOM PENH (Xinhua): The Cambodian government has allocated US$1.16 billion to address the economic and social impacts of the Covid-19 pandemic, Economy and Finance Ministry Secretary of State Vongsey Vissoth said here on Wednesday (July 8).
Bank stocks drive market higher amid robust trading
KUALA LUMPUR: Bursa Malaysia extended its gains on Thursday amid escalating trading volumes as confidence mounted that global stimulus measures would help to stabilise economic growth.
Asian markets track record Wall St lead on recovery hopes
HONG KONG (AFP): Most Asian markets rose Thursday (July 9) following another record close on Wall Street as concerns about a new spike in infections around the world were overshadowed by optimism for the economic recovery.
AirAsia get banks’ nod for RM1b funding
KUALA LUMPUR: AirAsia Group Bhd, which plans to shore up its liquidity to ensure sufficient cashflow, has received support from certain financial institutions for its funding request of more than RM1bil.
Consumer spending expected to remain cautious in 2H
KUALA LUMPUR: Domestic Consumption is expected to remain soft in the second half of the year although it could slowly pick up from the government's stimulus packages, low interest rates and expectations of a consumer-friendly Budget 2021, says Kenanga Investment Bank Research.
Asian stocks set to rise as focus swings to recovery prospects
NEW YORK: Asian stocks were expected to rise on Thursday, as hopes of a robust economic recovery offset concerns over flare-ups in the coronavirus pandemic, and as investors looked ahead to earnings season.
US$ tumbles to two-week low
NEW YORK: The dollar dropped to two-week lows on Wednesday, showing reduced safe-haven appeal for now, as U.S. tech stocks rallied and commodity prices firmed, even as sentiment remained cautious amid a resurgence of new coronavirus cases globally, particularly in the United States.
India’s budget blowout may see RBI resort to direct financing
MUMBAI: India’s government is running out of options to fund its budget and may soon have to knock on the central bank’s door once again for support.