Malaysian manufacturers fear heavy losses from floods

KUALA LUMPUR — Malaysia’s manufacturers association said on Monday that floods which cut off roads and led to mass evacuations over the weekend have likely resulted in heavy losses for firms in the affected areas. Soh Thian Lai, president of the Federation of Malaysian Manufacturers, said damage to property, other assets and products, as well as production disruption impacted industries in Shah Alam […]

Peso rises vs dollar on eased restrictions, findings on Pfizer’s COVID-19 treatment

THE PESO continued to strengthen versus the greenback on Monday on developments of a treatment for the coronavirus disease 2019 (COVID-19) and the relaxation of mobility restrictions in Metro Manila. The local unit ended trading at P50.16 per dollar on Monday, appreciating by 17 centavos from its P50.33 close on Friday, data from the Bankers […]