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Malaysia: Reviving the economy

PETALING JAYA: All eyes are on Bank Negara’s gross domestic product (GDP) announcement today, with the odds stacked against the Malaysian economy for the second quarter of 2020 (2Q20). A double-digit economic contraction is highly expected in the April-June period, potentially worse than the 1997 Asian Financial Crisis. A Bloomberg poll of 20 economists expects […]

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Malaysia: Ringgit retreats ahead of GDP announcement

KUALA LUMPUR: The ringgit retreated from the 4.18 level recorded yesterday ahead of the second quarter (Q2) gross domestic product (GDP) announcement later today and key trade talks between the United States and China meeting tomorrow. A 9.01 am, the local note was traded lower at 4.1940/2010 from 4.1880/1930 at Thursday’s close. AxiCorp chief global […]

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Shopee teams up with 20,000 SMEs to export local products to Malaysia, Singapore

E-commerce Shopee has partnered with 20,000 small and medium-sized merchants to export locally produced goods to neighboring Malaysia and Singapore, the company announced on Wednesday. Shopee Indonesia public policy and government relations head Radityo Triatmojo said the platform promoted Indonesian products to Asian markets during the 2020 ASEAN Online Sales Day on Aug. 8. “Our export efforts […]

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Malaysia: Retailer Mr DIY revives RM2.09bil listing plan

KUALA LUMPUR: Mr DIY Group is reviving its initial public offering (IPO) plan after postponing it in March when the Covid-19 pandemic worsened, according to people with knowledge of the matter. The country’s biggest home improvement retailer aimed to restart marketing to gauge investors’ interest next month, the people said. The company aimed to raise […]

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