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Covid-19: Cabinet wants measures taken to assist tourism industry
PUTRAJAYA: The Tourism, Arts and Culture Ministry has been directed to prepare a Cabinet paper on measures that can be taken to help tourism industry players who have been affected by the Covid-19 outbreak. Its minister, Datuk Seri Nancy Shukri,
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Shares of rubber glovemakers up after COVID-19 declared a pandemic
KUALA LUMPUR: Rubber glovemakers; Hartalega Holdings Bhd and Top Glove Corporation Bhd saw their shares traded higher today after the World Health Organization (WHO) declared the coronavirus (COVID-19) outbreak as a pandemic. As of last night, over 120,000 people across 114 countries throughout
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COVID-19: Dollar falls after Trump bans travel from Europe to US
SINGAPORE: The dollar careened against the euro and yen today after US President Donald Trump rattled markets with a month-long ban on European travel to the US. The dollar fell 1% to 103.32 yen and 0.5% to US$1.1328 against the
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COVID-19: MAS tells staff to take three months unpaid leave
KUALA LUMPUR: Malaysia Airlines Bhd (MAS) is the latest airline to ask its 13,000 employees to take voluntary unpaid leave as the spread of coronavirus (COVID-19) takes a heavy toll on airlines’ bottom line. According to documents seen by theedgemarkets.com,
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Air freight rates rapidly increases as people book cargo planes
LOS ANGELES/SHENZHEN: Air freight rates are skyrocketing, after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders. About half of the
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Saudi Arabia, Russia raise stakes in oil production standoff
DUBAI/MOSCOW: Saudi Arabia said yesterday it would boost its oil supplies to a record high in April, raising the stakes in a standoff with Russia and effectively rebuffing Moscow’s suggestion for new talks. The clash of oil titans Saudi Arabia
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Alibaba’s Jack Ma unseats Indian tycoon Mukesh Ambani as Asia’s richest man
BEIJING: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks. The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust
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Malaysia’s palm oil stocks fall 4.2% this month
KUALA LUMPUR: Malaysia’s total palm oil stocks fell 4.2% to 1.68 million tonnes in February 2020 from 1.76 million tonnes in January 2020. In a statement today, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stock dropped by 0.23% to
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Najib urges new govt not to cancel projects approved by Pakatan
PUCHONG: Former prime minister Datuk Seri Najib Tun Razak urged the new government not to cancel off infrastructure projects approved by the previous Pakatan Harapan government. In a Facebook post today, Najib urged the Perikatan Nasional administration not to repeat
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Oil prices rise 4% after biggest one-day fall since 1991
SINGAPORE: Oil prices rose by more than US$1 todau after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery
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