FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Malaysian PM Encourages Flexible Work Arrangements Amid Fuel Crisis

By

-- Malaysian Prime Minister Anwar Ibrahim has urged the private sector to adopt flexible work arrangements to cut costs and maintain productivity, The Star reported Friday.

Employers should move away from outdated practices and towards automation, as such measures could help reduce fuel consumption and ease cost pressures on businesses and workers, Ibrahim reportedly said.

He also warned the Middle East conflict poses risks to global stability and could raise Malaysia's logistics and economic costs if prolonged, the news outlet reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Fudan-Zhangjiang Bio-Pharma's Profit Jumps 189% in Q1

Shanghai Fudan-Zhangjiang Bio-Pharmaceutical (HKG:1349, SHA:688505) posted net profit attributable to shareholders of 7.7 million yuan for the first quarter, up 189% from 2.7 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the biotech firm were up nearly 2% in recent trade.Earnings per share came in at 0.01 yuan, compared with a near-zero figure a year earlier.Revenue fell 17% to 149.1 million yuan from 179.9 million yuan in the prior-year period.

$HKG:1349$SHA:688505
Asia

Coliwoo Forecasts Higher Net Profit in Fiscal H1

Coliwoo (SGX:W8W) is expecting to book a higher net profit before tax for the fiscal first half ended March 31, according to a Wednesday filing with the Singapore Exchange.The co-living provider has attributed this to net fair value gains on its investment properties during the period.

$SGX:W8W
Asia

Hot Chili Plans to Accelerate Drilling Across Chile Copper-Gold Porphyry Discovery

Hot Chili (ASX:HCH) plans to accelerate drilling across the La Verde copper-gold porphyry discovery in Chile to establish a maiden mineral resource and further define the potential size, scale, and grade of a higher-grade starter pit for the Costa Fuego project, also in Chile, according to a Thursday Australian bourse filing.The company said it plans to complete and submit an environmental impact assessment for Costa Fuego and start a feasibility study for the project.Hot Chili intends to integrate La Verde into an expanded mine plan.

$ASX:HCH