Economy

Home Economy

Lufthansa flags further cuts to fleet, workforce as outlook worsens

BERLIN: A worsening outlook for air travel prompted Lufthansa to further cut its fleet and workforce on Monday as the coronavirus crisis forced it...

Oil prices fall 5% as economic outlook darkens with rising Covid-19 cases

NEW YORK: Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand and a potential return of...

Perak Corp says it’s not under liquidation, winding up or judicial management

PETALING JAYA: Perak Corp Bhd has clarified that none of the subsidiaries, associate companies as well as the company itself has been placed under...

QES Group to acquire factory in Shah Alam for RM21 million

PETALING JAYA: QES Group Bhd has entered into a sale and purchase agreement with Astronautic Technology (M) Sdn Bhd for the acquisition of a...

Scientex strengthens presence in Johor with RM185m landbank acquisition in Pulai

PETALING JAYA: Scientex Bhd is strengthening its presence in Malaysia’s affordable housing development market through its 202.2-acre land acquisition in Pulai, Johor, for RM185...

RAM survey: SMEs, micro firms still need financial assistance

PETALING JAYA: The latest RAM Business Confidence Survey indicates that small and medium enterprises (SMEs) and micro businesses still need supportive policies to stay...

TRX Residences Tower A units sold out in pre-sales

PETALING JAYA: TRX Residences has officially launched Tower B for sale after all available units in Tower A were snapped up during its pre-sales...

MajuPerak, Lagenda in JV to develop affordable mixed project in Tapah with RM295m GDV

PETALING JAYA: MajuPerak Holdings Bhd via its subsidiary Tenaga Danawa Sdn Bhd yesterday entered into a joint venture and shareholders agreement with Lagenda Properties...

Foreign selling returns to Bursa at RM599m last week

PETALING JAYA: Foreign investors reverted to net selling to the tune of -RM599.0 million last week, marking the second net outflow of September, according...

MOST COMMENTED