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PNB to expand overseas allocation to 30%

PETALING JAYA: Permodalan Nasional Bhd (PNB) aims to expand its global exposure to 30% by 2022 from its current allocation of 8.5% as...

China’s Geely warns of virus headwind after 35% 2019 profit drop

BEIJING: China's Geely Automobile Holdings Ltd on Monday said 2020 may be "amongst the most difficult years" in its history, as pressure stemming...

US braces for record surge in jobless claims amid coronavirus fallout

WASHINGTON: The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as...

Global smartphone sales fell 14% in Feb as coronavirus spread

SHANGHAI: Global smartphone sales tumbled 14% in February as the coronavirus spread in China and overseas, Counterpoint Research said on Thursday, a...

Uchi Technologies sees double-digit drop in FY20 topline due to Covid-19

PETALING JAYA: Uchi Technologies Bhd expects a low double-digit revenue decline in US dollar term for the financial year ending December 31,...

BIMB issues second tranche sukuk worth RM400m

PETALING JAYA: BIMB Holdings Bhd’s wholly owned subsidiary, Bank Islam Malaysia Bhd has issued the second tranche of subordinated sukuk Murabahah amounting...

Singapore central bank launches $60b facility for banks to support dollar funding

SINGAPORE: Singapore's central bank said on Thursday it will provide up to $60 billion of U.S. dollar funding to the city-state's banks...

U.S. Senate passes $2 trln bill for “strange and evil” coronavirus crisis

WASHINGTON: The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus...

OCBC: Interest for loans won’t be compounded during 6-month grace period

PETALING JAYA: OCBC Bank (Malaysia) announced that it will not be compounding interest and profits for its mortgages and SME loans/financing during...

Britain eases financial reporting rules during epidemic

LONDON: Britain’s financial regulators announced a welter of measures on Thursday to give companies more time to publish results and banks more leeway...

Market optimism boosts Bursa Malaysia’s performance

KUALA LUMPUR: Bursa Malaysia continued its uptrend for the third consecutive day, boosted by market optimism on tomorrow’s second stimulus package. At the...

Bursa opens higher in line with global markets

KUALA LUMPUR: Bursa Malaysia opened higher today, with all indexes traded in the positive territory in line with an overnight rally in key...

Asia rides Wall St surge as investors place hopes on U.S. stimulus

TOKYO: Asian shares extended their rally on Wednesday in the wake of Wall Street's massive rebound as the U.S. Congress appeared closer to...

White House not considering 3-month tariff deferral – Navarro

The White House's top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferral of tariff payments on imported...

Malaysia’s February CPI increases 1.3%

PETALING JAYA: Malaysia’s Consumer Price Index (CPI) expanded moderately at 1.3% to 122.4 in February this year compared to 120.8 in the...

Slower economic growth anticipated in months ahead

PETALING JAYA: Slower economic growth is anticipated for Malaysia for the months ahead, even without factoring in pandemic concerns, according to the...

LKL International bags RM6.57m personal protective equipment contract from Sarawak govt

PETALING JAYA: LKL International Bhd has secured a RM6.57 million procurement contract for personal protective equipment (PPE) from the Sarawak state government...

FAQs on loan/financing deferment measure

1. What is deferment of loan or financing repayment? It is a temporary deferment or suspension of loan/financing repayment obligation (principal and interest)...

Chinese consumers urged to splurge as economy begins path to normality

BEIJING/SHANGHAI: Electronics stores, coffee chains and even local authorities in China are slashing prices and handing out millions of dollars worth of discount...

Indonesia to cut currency market and bourse trading hours

JAKARTA: Indonesia's central bank and the country's financial regulator will limit currency market and stock trading hours next week as part of...

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