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Oil drops over $1 on oversupply after OPEC+ delays meeting
SINGAPORE/NEW YORK: Oil prices slipped more than $1 a barrel on Monday, after the world’s top producers delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand. Brent crude
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‘Malaysian house prices remain seriously unaffordable’
KUALA LUMPUR: Malaysian house prices remain seriously unaffordable relative to income, due to a pronounced and prolonged mismatch between demand and supply of residential property. Bank Negara Malaysia (BNM) in its Financial Stability Review (Second Half 2019) report said nevertheless, risks
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Finance Ministry to finalise special stimulus package for SMEs
KUALA LUMPUR : The Finance Ministry (MOF) is in the midst of refining a special stimulus package for the small and medium-sized enterprises (SMEs) to ease their current difficulties. Its Minister Tengku Datuk Seri Zafrul Aziz said this proposed package
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OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse
The delay came amid pressure from U.S. President Donald Trump for the Organization of the Petroleum Exporting Countries led by Saudi Arabia and its allies, a group collectively known as OPEC+, to urgently stabilise global oil markets. Oil prices hit
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MCO: BSN records high transactions on online platform
KUALA LUMPUR: Bank Simpanan Nasional (BSN) has recorded three times more than usual transactions on its online platform during the Movement Control Order (MCO) period. The bank is trying its best to accommodate every single transaction to ensure that BSN’s
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Lim: Muhyiddin should announce an economic rescue package for SMEs
We begin today the two-week extension of the Movement Control Order (MCO) till April 14. Although the outcome is still uncertain, the Covid-19 statistics during the MCO give hope that JP Morgan’s grim projection of Malaysia peaking at 6,300 Covid-19
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Asia shares edge up, China factories show flicker of life
SYDNEY : Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down. China’s official manufacturing purchasing managers’
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Pakej Rangsangan Prihatin – On the right track! A three faceted crisis
The world is being buffeted by a serious three-faceted crisis. The first aspect and the precipitating cause of this crisis is the Covid 19 pandemic that sweeping all over the world. The pandemic is causing a massive overload on the
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Bursa Malaysia snaps 4-day winning streak to open easier
KUALA LUMPUR: Bursa Malaysia snapped its four-day winning streak last week to open easier today, tracking the US stock indices which ended sharply lower last Friday. At the 9.05 am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) lost 19.55
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Ringgit opens slightly lower at 4.33 against dollar
KUALA LUMPUR: The ringgit opened slightly lower Monday against the US dollar, snapping four-day of consecutive gains, amid lack demand. As of 9.01 am, the local note stood at 4.3300/3450 compared with Friday’s close of 4.3280/3350. AxiCorp global chief market
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