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2021-11-29 16:28 | Report Abuse
Breaking News from CNBC
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
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2021-11-29 16:28 | Report Abuse
Breaking News from CNBC
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
Stock
2021-11-29 16:27 | Report Abuse
Breaking News from CNBC
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
Stock
2021-11-29 16:27 | Report Abuse
Breaking News from CNBC
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
Stock
2021-11-29 16:26 | Report Abuse
Breaking News from CNBC
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
Stock
2021-11-29 16:26 | Report Abuse
Breaking News from CNBC
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
Stock
2021-11-29 16:26 | Report Abuse
Breaking News from CNBC
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
Stock
2021-11-29 16:25 | Report Abuse
Breaking News from CNBC
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
Stock
2021-10-07 09:31 | Report Abuse
Breaking news from The Edge
KUALA LUMPUR (Oct 7): While the worst should be behind AirAsia Group Bhd, analysts and fund managers said rising crude oil prices and restricted international travel are still key challenges faced by the airline operator.
“Given that jet fuel is an airline’s largest cost component, rising fuel prices recently don’t bode well with AirAsia’s earnings recovery,” said Fortress Capital Asset Management chief executive officer Thomas Yong when contacted.
At the time of writing, Brent Crude oil was up 0.44% at US$82.92 per barrel.
Yong also noted that international air travel is still pretty much restricted and it is not expected to open up anytime soon. “This to a certain extent would affect AirAsia's future earnings given that AirAsia is stronger in international travel between its core operating countries,” he added.
And given that AirAsia is likely to only achieve pre-covid operational level sometime in late 2022, at the earliest, he opined that AirAsia's current share price of RM1.13 was overvalued.
Likewise, MIDF Research strategy head Syed Muhammed Kifni Syed Kamaruddin, who is more optimistic of the aviation industry's prospects in view of the improving pandemic situation, economic recovery and impending border reopening, also noted AirAsia's upside would be moderated by rising crude oil — and in tandem, jet fuel — prices, which are now trading at multi-year highs.
He kept his projection of a RM2.06 billion net loss for AirAsia for the financial year ended December 31, 2021 (FY21) and RM1.86 billion for FY22. “We are still of the view that its current valuation is beyond what we deem as fair hence we maintain our sell recommendation on AirAsia,” he said, as he kept AirAsia's target price at 77 sen.
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2021-08-07 23:54 | Report Abuse
Breaking News from CNBC
Gold slid to its lowest in over a month on Friday after a strong U.S. jobs report boosted expectations the Federal Reserve could begin tapering its economic support sooner than previously anticipated.
Spot gold fell 2.2% to $1,763.96 per ounce by 1:50 p.m., after touching its lowest since June 30 at $1,757.70.
Stock
2021-08-07 23:54 | Report Abuse
Breaking News from CNBC
Gold slid to its lowest in over a month on Friday after a strong U.S. jobs report boosted expectations the Federal Reserve could begin tapering its economic support sooner than previously anticipated.
Spot gold fell 2.2% to $1,763.96 per ounce by 1:50 p.m., after touching its lowest since June 30 at $1,757.70.
Stock
2021-08-07 23:54 | Report Abuse
Breaking News from CNBC
Gold slid to its lowest in over a month on Friday after a strong U.S. jobs report boosted expectations the Federal Reserve could begin tapering its economic support sooner than previously anticipated.
Spot gold fell 2.2% to $1,763.96 per ounce by 1:50 p.m., after touching its lowest since June 30 at $1,757.70.
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2021-07-15 16:20 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means STEEL FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
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2021-07-15 16:20 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means STEEL FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
Stock
2021-07-15 16:18 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means STEEL FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
Stock
2021-07-15 16:18 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means STEEL FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
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2021-07-15 15:52 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means GLOVE FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
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2021-07-15 15:51 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means GLOVE FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
Stock
2021-07-15 15:51 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means GLOVE FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
Stock
2021-07-15 15:51 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means GLOVE FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
Stock
2021-07-15 15:51 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means GLOVE FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
Stock
2021-07-15 15:51 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means GLOVE FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
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2021-07-15 15:50 | Report Abuse
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means GLOVE FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
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2021-07-15 13:18 | Report Abuse
The Star Online : Asia’s air travel may take three years to recover from pandemic
ASIAN air travel may take another three years to recover fully from the devastation wrought by the pandemic, lagging behind rebounds in other regions and offering a stern headwind for refiners making jet fuel.
It’ll take until 2024 for international air travel across the region to reach pre-virus levels, a year after global traffic hits that milestone, according to the International Air Transport Association. Similarly, consultancy Energy Aspects says jet fuel consumption will reach pre-pandemic volumes only in 2023-2024.
The drawn-out timelines highlight the difficulties facing Asia and the likely consequences for jet fuel, a traditionally prized part of the oil-products market. Low rates of vaccination in many countries, the challenge posed by the fast-spreading delta variant, and persistent lockdowns have all set back the recovery even as the U.S. and Europe press on. All that means Asia’s aviation industry is unlikely to offer significant support to the region’s hard-pressed refineries, which process crude from the Middle East and elsewhere into fuels.
Both North America and Europe have seen strong demand during the holidays, with the European Union relaxing quarantine and lockdown requirements, according to Mayur Patel, regional sales director for Japan and Asia Pacific at OAG, an aviation analytics firm. "Sadly, the same cannot be said for Asia, where the low level of vaccination rates, sudden and sharp lockdowns, and inconsistent regulations frustrate any real attempt at a recovery, ” he said.
Just this week, Indonesia -- the largest economy in Southeast Asia -- surpassed India’s tally of daily cases, marking a new center for the highly-contagious delta variant. Elsewhere, Malaysia has been struggling to contain a recent outbreak, Seoul in South Korea has imposed its toughest restrictions yet, and Japan is preparing to host the Olympic Games without spectators.
Bubble Trouble
While there have been signs some countries including Singapore are rethinking their Covid-zero stance to open up, it’s likely international travel will still take longer than the rest of the world to restart. Australia’s plan to launch a quarantine-free travel bubble with the city-state is now more likely to occur only by the end of the year, according to an Australian diplomat.
"We expect passenger traffic for international Asia-Pacific to restart in early 2022 at the earliest, ” an IATA spokesperson said in an email interview. "We don’t think that the variant situation will improve, so governments are unlikely to start lifting controls before vaccination becomes sufficiently widespread to limit community contagion.”
That means a longer struggle for Asian refiners. Given the differentiated recovery, some processors have been looking to Europe and the U.S. as outlets for jet fuel, shipping more to both regions. With lackluster demand, the margin for making jet fuel in Asia has sunk to $5.99 a barrel at Wednesday’s close compared with $15.54 in December 2019, Bloomberg Fair Value data show.
Asia’s jet fuel usage accounted for a third of global consumption in 2019, according to Energy Aspects. Right now, the region’s overall flight numbers -- domestic and international -- are 70% of pre-virus levels, but if China is excluded are only 40%, according to George Dix, an analyst. "We currently expect Asian jet demand will not reach pre-pandemic levels until 2023-2024, although domestic travel will have largely recovered by the end of 2022.”
Given the challenges, regional refiners will continue to redirect kerosene, which includes jet fuel, into the gasoil pool this quarter, aiming to tap into winter fuel heating demand the following quarter, according to Sri Paravaikkarasu at energy consultancy FGE. "The full recovery of international air travel has a long way to go, ” she said. - Bloomberg
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2021-07-02 15:24 | Report Abuse
From the Edge today
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
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2021-07-02 15:24 | Report Abuse
From the Edge today
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
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2021-07-02 15:24 | Report Abuse
From the Edge today
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
Stock
2021-07-02 15:24 | Report Abuse
From the Edge today
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
Stock
2021-07-02 15:24 | Report Abuse
From the Edge today
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
Stock
2021-07-02 15:24 | Report Abuse
From the Edge today
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
Stock
2021-07-02 15:23 | Report Abuse
From the Edge today
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
Stock
2021-07-02 15:23 | Report Abuse
From the Edge today
Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.
"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.
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2021-07-02 10:07 | Report Abuse
Has KPMG accepted EY conditions?
KPMG has resigned and now being sued by SD.
What happens when KPMG reject EY conditions?
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2021-07-02 10:03 | Report Abuse
Bank open or close in Klang Valley when EMCO starts tomorrow?
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2021-07-02 09:58 | Report Abuse
Glove factory open or close when EMCO starts in Klang Valley tomorrow?
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2021-07-02 09:27 | Report Abuse
MrDIY open or close due to EMCO in Klang Valley starting tomorrow?
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2021-06-30 10:06 | Report Abuse
When will Genting casino open again? Will Genting casino stay closed until end year 2021?
We are still in phase 1 indefinitely. Covid19 cases still rising despite FMCO 1 month already. Yesterday break 6k cases again.
It's insane to expect Covid19 cases will come down a lot in the coming weeks or months if the Govt keep doing the same thing. Vaccination helps but factories remain opens and no mass testing nationwide. Also, i suspect some more little relax in SOP in coming weeks (like extended hours for restaurant) despite high number of cases and critical ICU will not help see a lot of improvement.
If Genting casino remain closed until end 2021, how BIG LOSSES will Genting have in Q2, Q3 & Q4 2021? How will this affect the Genting share price moving forward?
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2021-06-30 10:06 | Report Abuse
When will Genting casino open again? Will Genting casino stay closed until end year 2021?
We are still in phase 1 indefinitely. Covid19 cases still rising despite FMCO 1 month already. Yesterday break 6k cases again.
It's insane to expect Covid19 cases will come down a lot in the coming weeks or months if the Govt keep doing the same thing. Vaccination helps but factories remain opens and no mass testing nationwide. Also, i suspect some more little relax in SOP in coming weeks (like extended hours for restaurant) despite high number of cases and critical ICU will not help see a lot of improvement.
If Genting casino remain closed until end 2021, how BIG LOSSES will Genting have in Q2, Q3 & Q4 2021? How will this affect the Genting share price moving forward?
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2021-06-30 09:33 | Report Abuse
Breaking news from CNBC
Gold slipped on Tuesday to its lowest since mid-April as the dollar strengthened in the run-up to this week’s U.S. jobs report, which is expected to come in strong and could cement the Federal Reserve’s recent hawkish stance.
Spot gold fell 0.93% to $1,761.66 per ounce by 01:39 pm EDT after touching $1,749.20, its lowest since April 15. U.S. gold futures settled down 1% at $1,763.60.
Stock
2021-06-30 09:33 | Report Abuse
Breaking news from CNBC
Gold slipped on Tuesday to its lowest since mid-April as the dollar strengthened in the run-up to this week’s U.S. jobs report, which is expected to come in strong and could cement the Federal Reserve’s recent hawkish stance.
Spot gold fell 0.93% to $1,761.66 per ounce by 01:39 pm EDT after touching $1,749.20, its lowest since April 15. U.S. gold futures settled down 1% at $1,763.60.
Stock
2021-06-30 09:33 | Report Abuse
Breaking news from CNBC
Gold slipped on Tuesday to its lowest since mid-April as the dollar strengthened in the run-up to this week’s U.S. jobs report, which is expected to come in strong and could cement the Federal Reserve’s recent hawkish stance.
Spot gold fell 0.93% to $1,761.66 per ounce by 01:39 pm EDT after touching $1,749.20, its lowest since April 15. U.S. gold futures settled down 1% at $1,763.60.
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2022-01-12 16:19 | Report Abuse
Will AirAsia survived if the international border remain close until end 2022 due to coming new variants that will be more infectious and more deadly or maybe totally vaccine resistant?