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5y

US moves toward banning more Chinese telecoms carriers

Move spells more bad news for embattled firms after being barred from trading by NYSE in January

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80 applications for takeovers examined in 2020: Securities Commission

25 offer documents worth RM3.49 bil cleared last year, says SC

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Vodafone floats phone towers unit in Frankfurt

Value of the business hovers at around €12 billion

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China summons tech giants over internet security

Aim is to ensure companies comply with regulations and take ‘effective rectification measures’, says online watchdog authority

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Fiscal deficit to reach 6.0% of GDP this year: Tengku Zafrul

This is from earlier estimate of 5.4% following Pemerkasa announcement

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NZ economy posts record 2020 decline

It shrinks at a record rate of 2.9% last year

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Petronas prices US$600 mil bond offering

Offering met with overwhelming demand from market throughout bookbuilding process, says oil giant subsidiary

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Britain unveils shake-up of scandal-hit accounting sector

This comes amid mounting outcry over scandals hitting Big Four – Deloitte, EY, KPMG and PwC

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Bursa climbs, boosted by Pemerkasa

Meanwhile, ringgit advances against greenback

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BNM allocates additional RM700 mil for SME Automation and Digitalisation Facility

Total provision now reaches RM1 billion, aims to encourage enterprises to automate processes and get operations online

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US$1 bil Sukuk Lestari to launch soon, says PM

Tan Sri Muhyiddin Yassin says proceeds will fund sustainable programmes, address socio-economic impact of pandemic

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Parts shortage forces Honda to suspend US auto production

Car-maker dealing with a number of supply chain issues related to the impact from Covid-19

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Nanotech firm developing 2-minute Covid-19 rapid test

Kit created for mass screening will benefit manufacturing sector, other economic segments with large workforces