Xin Hwa secures logistic services subcontract from MMHE

PETALING JAYA: Xin Hwa Holdings Bhd has been appointed as a logistics services panel subcontractor by…

Stimulus package based on country’s current fiscal ability: PM

KUALA LUMPUR: The RM250 billion Prihatin Rakyat Stimulus Package (PRIHATIN) announced today was based on the…

Russia calls for new enlarged OPEC deal to tackle oil demand collapse

MOSCOW: A new OPEC+ deal to balance oil markets might be possible if other countries join…

Singapore Airlines obtains $13 bln rescue package amid coronavirus shock

SINGAPORE: State investor Temasek Holdings and others will inject as much as S$19 billion ($13.27 billion)…

Australia, NZ dlrs get a reprieve as U.S. dollar falters

SYDNEY: The Australian and New Zealand dollars were boasting their best weekly performance in eight years…

Mitsui may book up to $642 mln impairment loss amid oil slump

TOKYO: Japanese trading house Mitsui & Co Ltd said on Friday it may book an impairment…

Oil prices mixed as demand shrinks, but stimulus hopes support

MELBOURNE: Oil prices were mixed on Thursday following three days of gains, with the prospect of…

Korea c.bank to infuse cash via ‘unlimited’ repos for first time

SEOUL: South Korea’s central bank said on Thursday it will temporarily offer an unlimited amount of…

Singapore plans for recession as economy shrinks more than expected in Q1 due to virus

SINGAPORE: Singapore’s economy contracted 2.2% in the first quarter from a year earlier, preliminary data showed…

Ringgit opens slightly higher against US dollar

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar in early session today on…