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Oil rises in short term even there is fear COVID-19 spreads
TOKYO: Crude prices edged up today as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. Brent crude rose 42 cents, or 0.8%,
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Bursa Malaysia to establish a subsidiary to take over regulatory functions
KUALA LUMPUR: Bursa Malaysia Bhd will establish a wholly-owned subsidiary to assume the regulatory functions currently undertaken by Bursa Malaysia (Bursa RegSub). The Securities Commission Malaysia (SC) and Bursa Malaysia, in a joint statement yesterday, said both of them have
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Govt will announce stimulus package with some delays
The political uncertainty that had wreaked havoc in the country over the weekend has now calmed down after Tun Dr Mahathir Mohamad was appointed interim prime minister yesterday. However, with the ongoing political situation, businesses are concerned if the stimulus
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COVID-19: Global economy affected due to coronavirus rise outside China
NEW YORK: The S&P 500 and the Dow Jones Industrial Average suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China, fanning worries about the global economic impact of a potential pandemic, yesterday.
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KLCI down by nearly 27 points amid talk of change in govt
PUCHONG: The FBM KLCI today fell by 26.48 points this morning, following due to uncertainty over speculation that there may be a change in government today. As of opening time, the stock market only opened at 1,501.47 but it later
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EPF declares dividend of 5.45% for 2019
KUALA LUMPUR: The Employees Provident Fund (EPF) delivered a solid performance for 2019 in terms of both its operational and financial results, allowing it to declare a dividend of 5.45% with a payout amounting to RM41.68 billion for Simpanan Konvensional.
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TM posted a loss of RM51.09 million for the last quarter of 2019
KUALA LUMPUR: Telekom Malaysia Bhd (TM) posted a net loss of RM51.09 million for the fourth quarter of 2019, compared with RM69.65 million net profit the previous year due to a one-off RM233.7 million fair value adjustment on medium-term notes
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Dr M: Two more national cars and one motorbike project under NAP 2020
KUALA LUMPUR: The government plans to develop two national cars and one national motorcycle in the new Malaysia Vehicle Project under the National Automotive Policy 2020 (NAP 2020). Malaysia is also open to foreign collaborations for the development of the
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Statistics Dept: M’sia consumer price index up 1.6%
Malaysia’s January consumer price index (CPI) rose 1.6% from a year earlier, the fastest pace in nearly two years, government data showed today. The annual inflation rate was in line with the pace forecast by economists in a Reuters poll
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India trade group slams refined palm oil import licences
NEW DELHI: An Indian trade group representing vegetable oil importers yesterday slammed the government for issuing licences to import refined palm oil, saying this was not in line with the “stated objective” of last month’s order restricting RBD palmolein imports.
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