News by Surin Murugiah

In a commentary today, Moody’s Analytics chief economist Mark Zandi said the US economy is more insulated from the impact of the virus, but it is not immune, and it too would likely suffer a downturn in this scenario.

"... departures from Malaysia’s ruling Pakatan Harapan coalition and the resignation of Prime Minister Tun Dr Mahathir Mohamad usher in a period of uncertainty for the country ..."

In a bourse filing today, UEMS said revenue for the quarter jumped to RM1.16 billion from RM752.79 million in the prior year.

In a statement today in conjunction with its extraordinary general meeting, GDB group managing director Cheah Ham Cheia said the plan to graduate to the Main Market within just two years of its ACE Market listing reflects its larger scale of operations now.

"... secured its first project by entering into a MOU with latex glove manufacturer Oon Corp Resources (M) Sdn Bhd (Oon Corp) ..."

“We are confident that all necessary precautions will be taken to carry this out.”

In a report titled "SARS 2.0? Aviation Faces Risks From Coronavirus" published today, S&P Global Ratings analysts Philip A. Baggaley and Rachel J. Gerrish said the sudden and rapidly spreading coronavirus respiratory disease is centred in China but has spread internationally, drawing comparisons with the Severe Acute Respiratory Syndrome (SARS) outbreak.

Paramount is selling majority stakes in Paramount Education Sdn Bhd (PESB), Paramount Education (Klang) Sdn Bhd (PEKSB) and Sri KDU Sdn Bhd (Sri KDU) to Prestigion Education Sdn Bhd (formerly known as Two Horses Capital Sdn Bhd).

Kenanga IB said using the scale of the SARS correction as a guide, a potential drop of over 8% for the domestic market could see the FBMKLCI bottoming at 1,481 from the recent high of 1,617 points at end December, with a year end target of 1,712 points.

Its move comes after Bank Negara Malaysia’s recent 0.25% Overnight Policy Rate (OPR) decrease.