We’re beginning to see what the $1.9 trillion Covid-19 stimulus package might actually look like.

The House of Representatives has been busy drafting its version of the budget reconciliation package, which includes $1,400 stimulus checks for those making up to $75,000, $400 expanded weekly unemployment insurance benefits through August 29, and, as it stands now, increasing the minimum wage to $15 by 2025. It also contains a restaurant rescue fund, money for reopening schools, and Democrats’ long-sought-after funding for state and local governments, among other items.

The International Air Transport Association (IATA) says it expects its digital Covid Travel Pass will be ready "within weeks".

The pass is an app that verifies a passenger has had the Covid-19 tests or vaccines required to enter a country.

It also verifies they were administered by an approved authority.

The International Air Transport Association (IATA) says it expects its digital Covid Travel Pass will be ready "within weeks".

The pass is an app that verifies a passenger has had the Covid-19 tests or vaccines required to enter a country.

It also verifies they were administered by an approved authority.

The International Air Transport Association (IATA) says it expects its digital Covid Travel Pass will be ready "within weeks".

The pass is an app that verifies a passenger has had the Covid-19 tests or vaccines required to enter a country.

It also verifies they were administered by an approved authority.

Brent crude oil price hit $66 per barrel

Brent crude oil price hit $66 per barrel

Brent crude oil price hit $66 per barrel

KUALA LUMPUR: Bank Negara Malaysia is expected to announce a 25 basis points cut to the Overnight Policy Rate (OPR), taking it to 1.50 per cent in the next Monetary Policy Committee Meeting on Match 4.

HSBC Global Research Asean chief economist Joseph Incalcaterra said the government may continue to reallocate expenditure towards short-term measures, but a large package of fresh spending is unlikely.

KUALA LUMPUR: Bank Negara Malaysia is expected to announce a 25 basis points cut to the Overnight Policy Rate (OPR), taking it to 1.50 per cent in the next Monetary Policy Committee Meeting on Match 4.

HSBC Global Research Asean chief economist Joseph Incalcaterra said the government may continue to reallocate expenditure towards short-term measures, but a large package of fresh spending is unlikely.

KUALA LUMPUR: Bank Negara Malaysia is expected to announce a 25 basis points cut to the Overnight Policy Rate (OPR), taking it to 1.50 per cent in the next Monetary Policy Committee Meeting on Match 4.

HSBC Global Research Asean chief economist Joseph Incalcaterra said the government may continue to reallocate expenditure towards short-term measures, but a large package of fresh spending is unlikely.

Thursday, February 18th, 2021 at Business | News


by ASILA JALIL / pic source: cmsb.my

CAHYA Mata Sarawak Bhd’s (CMS) earnings forecast for the financial year 2021 (FY21) and FY22 has been revised upwards on expectations of higher income from its associates OM Materials (Sarawak) Sdn Bhd and Kenanga Investment Bank Bhd.

RHB Investment Bank Bhd (RHB Research) raised the conglomerate’s earnings forecast for the next two years by 9% and maintained a ‘Buy’ call on CMS with a higher target price (TP) of RM2.90 from RM2.40.


“Earnings prospects for CMS’ associates OM Materials and Kenanga Investment are turning more upbeat on the ferroalloy selling price rebounds and buoyant equity trading turnover year-to-date.

“This prompts us to raise our FY21-FY22 forecast earnings by 9% to between RM217 million and RM233 million, suggesting an upside risk to the current FY21 consensus forecast of RM170 million,” its analyst Lester Siew said in a note yesterday.

Thursday, February 18th, 2021 at Business | News


by ASILA JALIL / pic source: cmsb.my

CAHYA Mata Sarawak Bhd’s (CMS) earnings forecast for the financial year 2021 (FY21) and FY22 has been revised upwards on expectations of higher income from its associates OM Materials (Sarawak) Sdn Bhd and Kenanga Investment Bank Bhd.

RHB Investment Bank Bhd (RHB Research) raised the conglomerate’s earnings forecast for the next two years by 9% and maintained a ‘Buy’ call on CMS with a higher target price (TP) of RM2.90 from RM2.40.


“Earnings prospects for CMS’ associates OM Materials and Kenanga Investment are turning more upbeat on the ferroalloy selling price rebounds and buoyant equity trading turnover year-to-date.

“This prompts us to raise our FY21-FY22 forecast earnings by 9% to between RM217 million and RM233 million, suggesting an upside risk to the current FY21 consensus forecast of RM170 million,” its analyst Lester Siew said in a note yesterday.

Thursday, February 18th, 2021 at Business | News


by ASILA JALIL / pic source: cmsb.my

CAHYA Mata Sarawak Bhd’s (CMS) earnings forecast for the financial year 2021 (FY21) and FY22 has been revised upwards on expectations of higher income from its associates OM Materials (Sarawak) Sdn Bhd and Kenanga Investment Bank Bhd.

RHB Investment Bank Bhd (RHB Research) raised the conglomerate’s earnings forecast for the next two years by 9% and maintained a ‘Buy’ call on CMS with a higher target price (TP) of RM2.90 from RM2.40.


“Earnings prospects for CMS’ associates OM Materials and Kenanga Investment are turning more upbeat on the ferroalloy selling price rebounds and buoyant equity trading turnover year-to-date.

“This prompts us to raise our FY21-FY22 forecast earnings by 9% to between RM217 million and RM233 million, suggesting an upside risk to the current FY21 consensus forecast of RM170 million,” its analyst Lester Siew said in a note yesterday.

Gold prices are under pressure as the USD continues to run higher.
Upbeat assessments from the FOMC for 2021 could continue to weigh on gold prices.
Gold is currently trading at $1,772.67 and down some 1.2% at the time of writing following the release of the Federal Open market Committee's Minutes of the January 26-27 FOMC meeting.

The price of gold has continued to deteriorate in the wake of renewed US dollar strength and higher US yields at the same time US data continues to improve.

Gold prices are under pressure as the USD continues to run higher.
Upbeat assessments from the FOMC for 2021 could continue to weigh on gold prices.
Gold is currently trading at $1,772.67 and down some 1.2% at the time of writing following the release of the Federal Open market Committee's Minutes of the January 26-27 FOMC meeting.

The price of gold has continued to deteriorate in the wake of renewed US dollar strength and higher US yields at the same time US data continues to improve.

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning
By Julianne Geiger - Feb 16, 2021, 11:00 AM CST
Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.

Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning
By Julianne Geiger - Feb 16, 2021, 11:00 AM CST
Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.

Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning
By Julianne Geiger - Feb 16, 2021, 11:00 AM CST
Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.

Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.

WTI Climbs Above $61 As Crude Stocks Dwindle
By Julianne Geiger - Feb 17, 2021, 3:42 PM CST
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.8 million barrels for the week ending February 12.

Analysts had predicted an inventory draw of 2.429 million barrels for the week.

WTI Climbs Above $61 As Crude Stocks Dwindle
By Julianne Geiger - Feb 17, 2021, 3:42 PM CST
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.8 million barrels for the week ending February 12.

Analysts had predicted an inventory draw of 2.429 million barrels for the week.

WTI Climbs Above $61 As Crude Stocks Dwindle
By Julianne Geiger - Feb 17, 2021, 3:42 PM CST
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.8 million barrels for the week ending February 12.

Analysts had predicted an inventory draw of 2.429 million barrels for the week.

Brent crude oil price reached $65 per barrel above

Brent crude oil reached $65 per barrel

Brent crude oil reached $65 per barrel

Brent oil reached $63 per barrel
WTI oil reached $60 per barrel

Brent oil reached $63 per barrel
WTI oil reached $60 per barrel

Brent oil reached $63 per barrel
WTI oil reached $60 per barrel

As crude oil prices rise, inflation also rises. Gold is known to be a good hedge against inflation. The value of gold only increases when inflation rises. ... Gold and crude oil are further related in that a rise in the price of oil dampens economic growth due to its excessive industrial use.

As crude oil prices rise, inflation also rises. Gold is known to be a good hedge against inflation. The value of gold only increases when inflation rises. ... Gold and crude oil are further related in that a rise in the price of oil dampens economic growth due to its excessive industrial use.

As crude oil prices rise, inflation also rises. Gold is known to be a good hedge against inflation. The value of gold only increases when inflation rises. ... Gold and crude oil are further related in that a rise in the price of oil dampens economic growth due to its excessive industrial use.

Brent oil increased to $62 per barrel
WTI oil increased to $59 per barrel

Brent oil increased to $62 per barrel
WTI oil increased to $59 per barrel

Brent oil increased to $62 per barrel
WTI oil increased to $59 per barrel

Could Oil Prices Break $100 Next Year?
By Tsvetana Paraskova - Feb 09, 2021, 10:00 AM CST
Join Our Community

Oil prices could go as high as $100 a barrel next year on the back of “very easy monetary policy” and reflation trade, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg in an interview.

“It’s a futures market, we always discount stuff that’s going to happen in the future, now. That’s why prices are rallying right now,” the analyst said on the Bloomberg Surveillance program.

“We’ve always called for $80 plus oil in 2022. Maybe that is $100 now given how much liquidity there is in the system. I wouldn’t rule that out,” Sen noted.

On Monday, Brent Crude prices hit $60 a barrel, rising above that threshold for the first time since the start of the COVID-19 pandemic early last year.

Could Oil Prices Break $100 Next Year?
By Tsvetana Paraskova - Feb 09, 2021, 10:00 AM CST
Join Our Community

Oil prices could go as high as $100 a barrel next year on the back of “very easy monetary policy” and reflation trade, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg in an interview.

“It’s a futures market, we always discount stuff that’s going to happen in the future, now. That’s why prices are rallying right now,” the analyst said on the Bloomberg Surveillance program.

“We’ve always called for $80 plus oil in 2022. Maybe that is $100 now given how much liquidity there is in the system. I wouldn’t rule that out,” Sen noted.

On Monday, Brent Crude prices hit $60 a barrel, rising above that threshold for the first time since the start of the COVID-19 pandemic early last year.

Could Oil Prices Break $100 Next Year?
By Tsvetana Paraskova - Feb 09, 2021, 10:00 AM CST
Join Our Community

Oil prices could go as high as $100 a barrel next year on the back of “very easy monetary policy” and reflation trade, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg in an interview.

“It’s a futures market, we always discount stuff that’s going to happen in the future, now. That’s why prices are rallying right now,” the analyst said on the Bloomberg Surveillance program.

“We’ve always called for $80 plus oil in 2022. Maybe that is $100 now given how much liquidity there is in the system. I wouldn’t rule that out,” Sen noted.

On Monday, Brent Crude prices hit $60 a barrel, rising above that threshold for the first time since the start of the COVID-19 pandemic early last year.

Brent now at $61 per barrel

Brent crude now $60 per barrel
WTI crude now $57 per barrel

Brent crude now $60 per barrel
WTI crude now $57 per barrel

Brent crude now $60 per barrel
WTI crude now $57 per barrel

Brent oil already $59 per barrel
WTI oil already $56 per barrel

Brent crude oil: $59 per barrel
WTI crude oil $56 per barrel

Joe Biden blasts China’s ‘attempts to intimidate’ India in stark warning to Beijing

JOE BIDEN'S administration has weighed in on tensions between India and China over border disputes, blasting Beijing for attempting to "intimidate" its neighbours.
By DYLAN DONNELLY
Feb 4, 2021
UPDATED: 08:42

Joe Biden blasts China’s ‘attempts to intimidate’ India in stark warning to Beijing

JOE BIDEN'S administration has weighed in on tensions between India and China over border disputes, blasting Beijing for attempting to "intimidate" its neighbours.
By DYLAN DONNELLY
Feb 4, 2021
UPDATED: 08:42

Joe Biden blasts China’s ‘attempts to intimidate’ India in stark warning to Beijing

JOE BIDEN'S administration has weighed in on tensions between India and China over border disputes, blasting Beijing for attempting to "intimidate" its neighbours.
By DYLAN DONNELLY
Feb 4, 2021
UPDATED: 08:42

Joe Biden blasts China’s ‘attempts to intimidate’ India in stark warning to Beijing

JOE BIDEN'S administration has weighed in on tensions between India and China over border disputes, blasting Beijing for attempting to "intimidate" its neighbours.
By DYLAN DONNELLY
Feb 4, 2021
UPDATED: 08:42

Brent crude oil now at $58 per barrel

Brent crude now $58 per barrel

Brent crude oil price : $57 per barrel
WTI crude oil : $54 per barrel

Brent crude oil price : $57 per barrel
WTI crude oil : $54 per barrel