Compelling Covid-19 screening
The Covid-19 outbreak continues to dominate our everyday lives, with the Movement Control Order (MCO) announced on March 16 severely restricting our capacity to carry out tasks that, until so recently...
MARC: Support from private sector crucial
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020. KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020.
Beyond economic data
Impact on household incomes likely to be more significant than the contraction in the economy
Hope for the best, prepare for the worst
SINCE Malaysia went into a movement control order (MCO) on March 18, one of the familiar faces on the news networks is the Health Ministry director-general Datuk Dr Noor Hisham Abdullah.
Bank Negara’s good and bad news
While Malaysia will not be spared from the global growth contraction this year due to the Covid-19 pandemic, the central bank is confident that the Malaysian economy can weather the challenges.
Gold futures to trade cautiously next week
THE gold futures contract on Bursa Malaysia Derivatives is likely to trade cautiously next week, tracking the COMEX Gold market and the US dollar’s performance amid Covid-19, a dealer said.
Delays and defaults likely for P2P
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.
Leslie Ng is new CEO of BHPetrol
PETALING JAYA: Boustead Petroleum Marketing Sdn Bhd (BHPetrol) has appointed Leslie Ng Chie Shean as chief executive officer, effective April 1,2020.
Tougher for airlines as Covid-19 spreads
THIS period is the aviation industry’s darkest hour with no clear signs when airlines will be able to restart the hundreds of airplanes grounded at airports and other global sites.
Nestle to appoint two new directors
PETALING JAYA: Nestlé (Malaysia) Bhd is appointing CIMB Group group chief people officer Datuk Hamidah Naziadin and Astro Malaysia Holdings Bhd director of PayTV–SVP Datin Sri Azlin Arshad as new independent and non-executive directors.
Business events organisers, property valuers appeal for govt aid
KUALA LUMPUR: Small and medium-sized industries involved in the organisation of business events and property valuation firms have separately urged the government to help their respective industry, failing which many of their members would have to cease operations, leading to massive unemployment.
Allow 50% workforce in three sectors, govt urged
KUALA LUMPUR: The Lion Group is urging the government to allow at least half of the workforce within the manufacturing, construction and mining sectors to resume operations during the movement control order (MCO).
Oil and gas stocks rally this week
On Thursday afternoon, an interesting development took place that saw investors quickly rushing into oil and gas (O&G) stocks on Bursa Malaysia.
How dividend stocks behave during a recession
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.
Slowdown in investment growth
MALAYSIA needs to review its existing investment policies amid a rapidly-evolving environment to attract quality investments if it wants to successfully transition itself into a high-income nation.
Logistics weathering through the MCO
It may seem that logistics companies are enjoying a brisk spike in business during the movement control order (MCO) period, particularly those involved in last mile delivery - but that does not seem to be the case.
Waiting game for construction sector
The East Coast Rail Link (ECRL) and the Mass Rapid Transit 2 (MRT2) projects will proceed. But worries that some mega infrastructure projects could be reviewed or delayed, given the government’s stretched finances, have cast uncertainty over the construction sector.
Oil price surges more than 13% on hopes of output deal
NEW YORK: Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a global deal to cut crude supply worldwide will emerge early next week.
Zoo Negara in need of animal food donations
KUALA LUMPUR (April 3): Zoo Negara needs more donations in the form of animal food such as meat, vegetables and fruits to ensure adequate food supply during the Movement Control Order (MCO) period.
COVID-19: List of fake news today
KUALA LUMPUR (April 3): The following are the replies made by the relevant agencies to the Quick Response Team of the Communications and Multimedia Ministry (KKMM) on fake news that went viral on soci...
BMW in dash for cash as German car sales plummet
FRANKFURT AM MAIN, April 3 — BMW is following other German carmakers in pumping up its financial liquidity to ride out the coronavirus crisis, its chief executive said today, as car sales in the aut...
Auto sector may be in deep recession until 2023
by Yamin Vong
MALAYSIA’s automotive sector will very possibly be in deep recession until 2023, says a veteran motor industry analyst based in Thailand and Malaysia who declined to be identified.
UK to spend over £60b to keep economy afloat
LONDON, April 3 — Britain has pledged over £60 billion (RM321 billion) in public spending and tax cuts in an attempt to shield its economy from a deep recession caused by the coronavirus outbreak, ...
Ringgit closes lower on firmer demand for greenback
KUALA LUMPUR: The ringgit ended lower against the US dollar on firmer demand for the greenback, as investors sought the safe-haven currency amid worries over worsening global economic outlook due to t...
OPEC+ pushes for global coalition to stem oil rout
LONDON (Bloomberg) -- The OPEC+ coalition is pushing for other major oil producers to join it in a deep reduction of global crude output and stem the historic rout in prices, a move that sent futures sharply higher.
Pandemic will continue to haunt world markets
By Chee Jo-Ey
THE markets will be in for a rough ride that will probably drag into the second half of the year as the epicentre of the Covid-19 pandemic shifts from China to Europe and now the US, whi...
Wong Engineering’s corporate deal raises questions
By Doreenn Leong
INVESTORS normally frown upon deals involving private assets of major shareholders of listed companies as there are concerns on whether the asset will be beneficial to the listed com...
P.I.E. proposes special, final dividends
KUALA LUMPUR (April 3): P.I.E. Industrial Bhd has proposed a special dividend of 2.6 sen a share besides a first and final payout of 2.4 sen for the financial year ended December 31, 2019 (FY19). In a...
Singapore shuts schools, workplaces for a month
SINGAPORE: Singapore will close schools and most workplaces, except for essential services like supermarkets and banks, for a month, Prime Minister Lee Hsien Loong said on Friday, as part of stricter ...
Soothing for the scalp
By William K.C. Kee
Designed to give customers a pampering session, this refreshing treatment is suitable for all hair types.
Covid-19: 217 new cases with three deaths
A TOTAL of 217 new positive Covid-19 cases were reported as of noon today, bringing the total number of cases in the country to 3,333, said Health director-general Datuk Dr Noor Hisham Abdullah.
FINCO launches initiative for unemployed grads
THE Financial Industry Collective Outreach (FINCO) has launched the Graduate Programme 2000 (GP 2000) to provide training and work experience for up to 2,000 unemployed graduates beginning in July.
Has Prihatin accelerated retrenchment?
By Leonard Yeoh and Pua Jun Wen
THE implementation of the Movement Control Order (MCO) has forced most business premises to remain closed for a one-month-long period, except those that are providing ...
Covid-19: Fifth death in Singapore
SINGAPORE (April 3): Singapore has today reported another death due to Covid-19 infection, bringing the tally to five for the Island-city. In a statement, the republic’s Ministry of Health confirmed...
Covid-19 & MCO: Tax relief proposals for SMEs
(April 3): The Movement Control Order (MCO) has affected all of us, something which we all accept as necessary to curb the spread of Covid-19. The restricted movement during this period undoubtedly ca...
Economic growth to improve gradually in 2H, says BNM
MALAYSIA foresees economic growth for the second half of the year will improve gradually, boosted mainly by the overnight policy rate (OPR) and the continuation of large-scale infrastructure projects,...
KUALA LUMPUR (April 3): theedgemarkets.com has highlighted one stock with momentum at Bursa Malaysia’s afternoon close today, which displayed positive momentum.