Paramount remains bullish on property sector’s second-half outlook

Paramount Corporation Bhd remains bullish on the property sector’s prospects in emerging markets, especially in Malaysia, for the second half of the year , despite the uncertainties due to the Covid-19 crisis.

“Our employment market is very stable, if compared with the United States, and that is just for government services. We also have a number of government-linked companies in the country, which makes it a bit harder for them to retrench because the government wants to preserve employment,” he told a media briefing on the company’s first-half financial performance 2020 here today.

“ Oil prices are stabilising and that is even before the full recovery of the MCO. When full normalisation kicks off, oil prices will continue to pick up. That is good for Malaysia because we are among the oil-producing countries,” he said.

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