Share prices on Bursa Malaysia will likely trend lower next week due to an overbought situation. Affin Investment Bank Vice President and Head of Retail Research Dr Nazri Khan said the benchmark FBM KLCI is now ripe for a pullback after hitting an all-time high of 1,688 last year.
Banks in Cyprus resumed normal trading hours Friday a day after a near two-week lockdown ended, but Cypriots face a month of cash curbs intended to prevent a run on deposits after an EU-led bailout.
The Opposition's manifesto, if implemented, will lead to the government's fiscal deficit to swell to 11.5 per cent within a year, thus burdening the government with heavy debts.
Proton Holdings Bhd must fully utilise its car production platforms to dish out more car variants to the local consumers in order to sustain the stiff competition in the local automotive industry.
Cyprus confirmed banks would reopen on Thursday after a nearly two-week lockdown on the bailed-out country, but only under draconian capital controls, the first of their kind in the eurozone.