KUALA LUMPUR, Nov 3 ― The ringgit opened lower against the US dollar today ahead of the Bank Negara Malaysia’s (BNM) Monetary Policy Committee’s overnight policy rate (OPR) announcement and Federal Open Market Committee (FOMC) meeting. At 9.15am, the local note slipped to 4.1500/1535 versus the greenback from 4.1480/1495 at yesterday’s close. Bank Islam Malaysia […]
Read MoreThis year’s double-taxation agreement (DTA) between Malaysia and Cambodia will result in more investment into the Kingdom and more Cambodians sourcing goods and services in Malaysia, according to the country’s ambassador to Cambodia. “This will help to make Cambodia more attractive to Malaysian businessmen and thus promote more FDI [foreign direct investment] from Malaysia to […]
Read MoreKUALA LUMPUR, Oct 29 — The government has guaranteed the creation of 600,000 jobs under Budget 2022, under its Jamin Kerja Keluarga Malaysia (JaminKerja) initiative. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz announced that the government will also incentivise 20 per cent of the workers’ monthly salary for the first six months, for those […]
Read MoreKUALA LUMPUR, Oct 29 — Bursa Malaysia ended lower today, with the key index falling 0.29 per cent amid a market consolidation mode due to lack of buying interest as investors digest the announcements in Budget 2022 tabled today. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) trimmed 4.55 points to 1,562.31 from […]
Read MoreKUALA LUMPUR, Malaysia (AP) – Malaysia’s government on Friday proposed record spending for 2022 to bolster post-pandemic economic recovery, with various industrial incentives and cash handouts for the poor and windfall taxes for high-income companies. Finance Minister Zarful Aziz put forward in Parliament the budget proposal of 332.1 billion ringgit ($80.2 billion), up from 320.6 […]
Read MoreKUALA LUMPUR, Oct 29 — The unemployment in the country rate is anticipated to fall and return to the full employment level at four per cent in 2022. According to the Economic Outlook 2022, the unemployment rate is expected to decrease compared to this year which remained relatively high at 4.6 to 4.8 per cent […]
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