Business

[ad_1] WASHINGTON / BEIJING: U.S. President Donald Trump said on Friday he was “very torn” about whether to end the so-called Phase 1 U.S.-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus economic wreckage. In an overnight phone …

[ad_1] When Tan Sri Zeti Akhtar Aziz stepped in as president of Permodalan Nasional Bhd (PNB) in 2018, he recognized that the fund must quickly diversify into foreign investment as it faces declining revenue. The local stock market as measured by the performance of the benchmark FBM KLCI has shrunk …

[ad_1] HOW the investment landscape has changed since February. As Malaysia enters Day 53 of the movement control order (MCO), uncertainty and fear still permeates the economy. Over the past few weeks, the market has started hearing of businesses, particularly hotels, ceasing operations. Most analysts have downgraded corporate earnings this …

[ad_1] Political scientist and social activist Chandra Muzaffar. PETALING JAYA: Political scientist and social activist Chandra Muzaffar has questioned the wisdom of seeking a vote of no confidence in Prime Minister Muhyiddin Yassin at a time when the nation is fighting the Covid-19 virus. Speaking to FMT, he said the …

[ad_1] COMMENTARY There is a pandemic worldwide with over four million cases worldwide and around 276,000 deaths. Almost all of the world’s major economies are in varying degrees of blockade. All economies are expected to contract. The United States reports 33 million unemployed. There is no vaccine or cure in …

[ad_1] It’s not every day that a Malaysian car brand is seen in a Hollywood movie. Particularly in the new Netflix action movie “Extraction”, Proton cars had been featured multiple times in the movie as a pleasant surprise to us Malays. We contacted Netflix to ask the creators of “Extraction” …

[ad_1] KUALA LUMPUR: The question of whether the Movement Control Order (MCO) that went into effect on March 18 will be expanded or not will be answered in approximately 72 hours, if not sooner. After 53 days, many would like their lives to return to normal soon, and therefore hoped …

[ad_1] KUALA LUMPUR (Bernama): Malaysians will find out within the next three days if the movement control order (MCO), which came into force on March 18, will be further extended. After 53 days, many want their lives to return to normal and are hoping that the MCO is lifted when …

[ad_1] GEORGE TOWN: The Penangites heaved a sigh of relief when the state partially reopened its doors with its own adaptation of the conditional movement control (MCO) order called the Gradual Recovery Strategy. Almost all outlets, including department stores and shopping malls, were allowed to reopen under the strategy yesterday, …

[ad_1] SINGAPORE (BUSINESS HOURS) – United Overseas Bank (UOB) on Wednesday (May 6) saw a 19 percent drop in first quarter net profit due to declining margins and an increase in impairment charges, taking their profits to the lowest level in just over two years. Still, the bank’s first-quarter net …