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August 13, 2020 Business
Kuala Lumpur: The government’s debt and liability exposures are estimated to reach RM1.264 trillion by the end of this year, Deputy Finance Minister 1 Datuk Abdul Rahim Bakri (pic) said.
August 13, 2020 Business
Kuala Lumpur: Banks in the country are capable of extending the targeted moratorium period from October to December 2020, as they have adequate buffers.
August 12, 2020 Business
SINGAPORE: Singapore’s virus-hammered economy shrank almost 43 per cent in the second quarter, in a sign that the country’s first recession in more than a decade was deeper than initially estimated, official data showed Tuesday.
August 12, 2020 Business
SINGAPORE: More than 6,000 of the 27,000 staff from the Singapore Airlines (SIA) Group have taken no-pay leave of varying lengths to help the company cope with the collapse in air travel due to Covid-19.
August 12, 2020 Business
Kuala Lumpur: Petronas reported a loss of around RM17 billion in petroleum revenue from March until June this year throughout the Movement Control Order (MCO) period until before the Recovery MCO took effect.
August 11, 2020 Business
Kuala Lumpur: The services sector revenue recorded negative growth of 24.0 per cent in the second quarter of 2020 (Q2 2020) to RM335.6 billion as compared with the same quarter of the previous year, said the Department of Statistics Malaysia.
August 11, 2020 Business
Kuala Lumpur: Malaysia’s economic growth is expected to improve in the second quarter of this year and recover next year, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.
August 11, 2020 Business
Kuala Lumpur: AirAsia X Bhd has provided a glimpse of what to expect regarding its financial performance for the first six months of the year.
August 10, 2020 Business
Kuala Lumpur: Bank Rakyat is offering a three-month extension of the loan moratorium period for customers who may face difficulties in continuing with their loan repayments once the moratorium ends on Sept 30, 2020.
August 10, 2020 Business
Kuala Lumpur: The volatile trading throughout the week – driven by the United States (US)-China trade war, declining global banks’ performance, as well as the steady increase in Covid-19 cases globally – has led to the 25th consecutive week of net foreign selling in the local equity market.
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