(THE BUSINESS TIMES) – Malaysia’s Top Glove posted a net profit of RM2.04 billion (S$654.7 million) for the third quarter ended May 31, almost six times the amount of RM347.9 million in the previous year, though it saw easing quarter on quarter. At a briefing following the announcement of its results, the company also said […]
Read MoreKUALA LUMPUR: Malaysia’s unemployment rate slipped to 4.6% in April, the lowest since October last year, on easing curbs for the economy but the impact of the MCO 3.0 and the two-week lockdown from June 1 to 14 may weigh on the recovery. In a statement on Wednesday, the Statistics Department said April’s unemployment rate […]
Read MorePETALING JAYA: The Employees Provident Fund (EPF) has posted its highest quarterly gross investment income of RM19.29bil for the first quarter ended March 31, 2021 amid the uncertainties from the ongoing Covid-19 pandemic. It was a 58.63% jump year-on-year (y-o-y) from RM12.16bil last year and a 17.84% quarter-on-quarter (q-o-q) increase as compared to RM16.37bil for […]
Read MoreKUALA LUMPUR, June 8 — The Ministry of Finance (MoF), under the recently launched MyDigital, will ensure that payments for all government services will be made on cashless basis by 2022, its Minister, Datuk Seri Tengku Zafrul Abdul Aziz said. He said this will lead to higher transactional security, better coordination, enhanced communication on anti-corruption initiatives, […]
Read MoreKUALA LUMPUR: Malaysia has extended the expiry of existing income tax exemption on interest or profit earned from deposits for corporate investors in retail money market funds to Jan. 1,2022, according to a letter sighted by Bloomberg. A Securities Commission of Malaysia‘s spokesperson confirms the letter to Bloomberg via an email on Monday The letter […]
Read MoreKUALA LUMPUR: Malaysia’s economic recovery is expected to be affected by the latest surge in Covid-19 infections that triggered a two-week lockdown, from June 1-14, 2021. In a research note, Moody’s Analytics said its baseline forecast assumed a 5.6 per cent expansion in 2021, but noted the added downside risks and heightened uncertainty. “The lockdown […]
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