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From the time tensions over trade between the United States and China began in 2018, China’s furniture exports to the United States became subject to tariffs of up to 25% by 2019, prompting many manufacturers to shift their positions to set up factories in Malaysia, followed by numerous buyers who have transferred orders to Malaysia.
PEER-to-peer (P2P) lending has seen robust growth over the last three years as businesses turn to these platforms as an alternative means to raise funds for working capital.
KUALA LUMPUR: Invest KL Corp said the current investment and economic climate is “certainly not business as usual, not when companies tell employees to go on leave or take a pay cut”.
CHINA Construction Bank Corp., the nation’s second-largest lender, reported a 5% increase in profit last year, improving its buffer against a potential surge in credit losses as the coronavirus outbreak halted the world’s second-largest economy at the start of 2020.
To combat the economic fallout from the coronavirus outbreak, Malaysia has unveiled a landmark comprehensive rescue plan worth a total of RM250bil, that’s almost one-fifth of the country’s gross domestic product (GDP). It is the largest-ever stimulus package for the country.
WHEN the conoravirus (Covid-19) first hit the news sometime in December last year, nobody would have thought that it would lead to a global crisis. Two weeks ago, many were staring at a 1930s kind of depression as the world was hit by the perfect storm.
IT wasn’t that long ago that we were hanging the hopes of our economy on the SMEs. In recent years, the sector’s growth has exceeded the growth of Malaysia’s gross domestic product (GDP) and the government was targeting to push SME contribution to GDP to 45% in 2025 from 38.3% in 2018. Today, however, the sector has been brought to its knees
KUALA LUMPUR: CSG-CIMB Equities Research reiterated its Add call for VS Industry with a lower target price of RM1.20, in line with its earnings cut, after the first half core net profit was below forecast.