Business

KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin today announced a RM250 billion injection with the objective of protecting the people, supporting businesses and strengthening the economy to weather the …

MOSCOW: A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should …

PETALING JAYA: Local banks have come forward to say that they will not be compounding interest during the six-months repayment moratorium that was announced by Bank Negara Malaysia on March …

PETALING JAYA: Bank Negara Malaysia (BNM) has announced further measures to help individuals and SMEs that have been impacted by the Covid-19 pandemic. In a statement, the central bank said …

KUALA LUMPUR: The RM250 billion Prihatin Rakyat Stimulus Package (PRIHATIN) announced today was based on the country’s current fiscal capability and adequate domestic financial market liquidity. Prime Minister Tan Sri …

PETALING JAYA: Xin Hwa Holdings Bhd has been appointed as a logistics services panel subcontractor by Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), for a duration of three years, …

SINGAPORE: State investor Temasek Holdings and others will inject as much as S$19 billion ($13.27 billion) of liquidity into Singapore Airlines (SIA) in the single biggest rescue for an airline …

PETALING JAYA: The second round of the economic stimulus package (ESP), which is expected to be announced tomorrow, needs to be more ambitious compared to the first round of measures …

PETALING JAYA: The Association of Banks (ABM) said 11 of its members have come together and raised RM10 million to be channelled toward the purchase of critical supplies and support …

SYDNEY: The Australian and New Zealand dollars suffered a setback on Thursday as a four-day rally ran into profit-taking above key resistance levels, suggesting investors were not ready to signal …

PETALING JAYA: Gamuda Bhd saw a marginal 1.2% increase in its net profit for the second quarter ended Jan 31, 2020 to RM175.17 million, from RM173.14 million seen in the …

KUALA LUMPUR: The ringgit extended yesterday’s gains to close higher against the US dollar today, as more investors shift towards emerging currencies, including the ringgit, due to positive developments on …

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 goods to ease the pain of the …

PETALING JAYA: Banking institutions will grant an automatic moratorium on all loan/ financing repayments/payments, principal and interest by individuals and SME borrowers for a period of six months from April …

KUALA LUMPUR: The ringgit rebounded from yesterday losses to end slightly higher against the US dollar today, as the latest developments on the global market prompted some investors to shift …

PETALING JAYA: Business sentiment among Malaysian companies dived to a new low in Q2 2020, with the Dun & Bradstreet (D&B) Malaysia Business Optimism Index (BOI) plunging into the contractionary …

NEW YORK/SAN FRANCISCO: The US Federal Reserve today rolled out an extraordinary new array of programmes aimed at blunting the “severe disruptions” to the economy caused by the coronarvirus outbreak, …

KUALA LUMPUR: Bursa Malaysia ended the day sharply lower following the continuous decline in global oil prices, amid spiralling concern over rising fatalities associated with Covid-19 pandemic. At the close, …

PETALING JAYA: Bursa Malaysia saw its foreign net selling for the fifth week last week as international investors sold RM1.79 billion net of local equities. “In comparison to its other …

NEW YORK: Investors betting on declines in US stocks saw big profits in the last month as equities crashed while the global spread of coronavirus darkened economic prospects and net …