KUALA LUMPUR, Sept 22 — The country’s current monthly minimum wage of RM1,200 can be revised upwards as the government has the capacity to accommodate the increment, said former Minister in the Prime Minister’s Department, Tan Sri Abdul Wahid Omar. Abdul Wahid, who is currently the chairman of Bursa Malaysia Bhd, said this can be […]
Read MoreKUALA LUMPUR, Sept 22 — The number of countries developing central bank digital currencies (CBDCs) has dramatically increased as consumer preferences for digital payments, which are already on the rise, shift more rapidly as a result of the Covid-19 pandemic. Moody’s Investors Service, in its sector in-depth report, said the advancement of CBDCs has also […]
Read MoreKUALA LUMPUR, Sept 21 — The ringgit stayed higher against the US dollar today as the greenback retreated amid China’s Evergrande Group crisis. At 6pm, the local note climbed to 4.1835/1850 from 4.1905/1950 at yesterday’s close. A trader said worries over developments in China’s property sector have lifted tensions ahead of the US Federal Reserve’s […]
Read MoreThe Malaysia Budget and Business Hotel Association (MyBHA) is urging the government to enact laws to regulate online travel agencies (OTAs), claiming that the price war among the OTAs have hurt their profit margins amid the Covid-19 downturn. Regulations proposed by the MyBHA include setting a ceiling price on the sales commissions of OTAs as […]
Read MoreMalaysia, the world’s second largest palm oil exporter, has kept crude palm oil export tax for October at 8%, Malaysian Palm Oil Board (MPOB) announced in a notice published on its website on Monday. The country set a reference price for palm oil exports at MYR4,472.46 per tonne in October, up from MYR4,255.52 in September. Malaysia’s palm […]
Read MoreKUALA LUMPUR, Sept 20 — The ringgit slid against the US dollar in the week’s first trading day amid jitters ahead of the US Federal Reserve (US Fed) meeting which starts tomorrow. At 6pm, the local note fell to 4.1905/1950 from 4.1700/1730 at last Friday’s close. Bank Islam chief economist Mohd Afzanizam Abdul Rashid said […]
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