Daily Industry News Update (23 November 2020)

Nazir: Country needs three key reforms

Datuk Seri Nazir Razak (pic) is convinced that there is still hope for Malaysia with the country needing to embark on three key reforms.

The week ahead – earnings season, GDP, CPI, trade

A RAFT of corporate earnings is scheduled for release this week as the third-quarter results season reaches a close. AirAsia Group is scheduled to announce its third quarter results tomorrow while Sime Darby Properties is expected to release its own report on Wednesday.

Complication of impairment

Of late, the accounting term impairment has cropped up quite a bit, with companies across the board reporting a rise in losses due to impairment.  Losses due to a fall in fair value is termed impairment, and it could  have a negative impact on a company as it affected revenu…


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