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Ringgit continues downtrend at opening
The ringgit continued yesterday’s downtrend to open lower against the US dollar today, as fears over the fast-spreading COVID-19 pandemic curbed traders’ risk appetite, said a dealer. At 9.02am, the local currency weakened slightly to 4.3090/3130 against the greenback from
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Oil prices jumped US$1 as recent sharp falls draw investors
SINGAPORE: Oil prices rose more than US$1 today as the recent sharp falls due to the coronavirus pandemic encouraged bargain hunters to come forward, although the market remains volatile as the spread of the infection disrupts economies and hurts demand.
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Increase in dividend restores confidence of TH depositors – Zulkifli
KUALA LUMPUR: The profit distribution after tithe or “hibah” (dividend) of 3.05 per cent by the Pilgrims Fund Board or Tabung Haji (TH), which is higher compared with the fiscal year 2018, is seen as restoring the confidence of its depositors, said
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Tabung Haji announces income distribution after zakat of 3.05%
KUALA LUMPUR: Tabung Haji (TH) has announced a profit distribution after zakat (tithe) of 3.05% for the 2019 financial year (FY2019), with a payout totalling RM2.1 billion compared with RM913 million distributed in FY2018. In a statement today, TH attributed the improvement in its financial performance to sustainable
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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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