Companies want Covid-19 law to protect businesses post-MCO

A coalition representing 20,000 companies wants protection against legal suits for being unable to fulfil contractual obligations as a result of the imposition of MCO. A coalition of 12... Read more »

MHB posts second consecutive profitable quarter, but warns of impairment risks ahead

A profitable heavy engineering segment helped Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) post a net profit of RM6.13 million for the first quarter ended March 31, 2020... Read more »

Eversendai inks global strategic partnership with Hyundai

Eversendai Corp Bhd has inked a memorandum of understanding (MoU) with Hyundai Engineering & Construction Co Ltd (Hyundai E&C) as global strategic partners in modular construction work for the construction... Read more »

Bank Muamalat, toyyibPay launch Bazar.delivery

Bank Muamalat Malaysia Bhd (BMMB) and toyyibPay have launched the “Bazar.delivery” platform aimed at keeping the annual Ramadan shopping experience alive through digital innovation. The e-commerce platform is also strengthened... Read more »

Media houses accelerating shift to digital to survive MCO — Kenanga

The movement control order (MCO) has had an adverse impact across many industries, including the media sector now seeing an urgent need to boost digital services as a means... Read more »

US Senate passes new US$480 bil coronavirus support plan

The new tranche includes US$320 bil in small business funding according to Senate Majority Leader Mitch McConnell.  WASHINGTON: The US Senate approved a bipartisan, nearly half-trillion-dollar coronavirus relief package... Read more »

Analyst sees RM31 billion lost this year from dip in crude oil prices

Malaysia has a mature oil basin with higher production costs compared with Middle East producers, says an analyst. PETALING JAYA: An analyst in the oil and gas sector warns... Read more »

Millions of orchids are being thrown out by top world exporter

BANGKOK:  As global tourism collapses, so does the orchid industry in top exporter Thailand, where the flowers are regarded as a symbol of hospitality. Global demand for cut flowers,... Read more »

Abu Dhabi borrows US$7 bil as low oil price bites

ABU DHABI: The emirate of Abu Dhabi said on Sunday it had sold US$7 billion of bonds in the third major sale this month by Gulf sovereigns seeking to counter... Read more »

Malaysia’s development financial institutions offer more than RM900m in financing aid to virus-hit SMEs

Several members of The Association of Development Finance Institutions Malaysia (ADFIM) has allocated more than RM900 million as financing aid for communities and small- and medium-sized businesses that had... Read more »