KUALA LUMPUR (BLOOMBERG) – The ringgit has greeted the start of Malaysia’s two-week national lockdown with a show of stability, suggesting any adverse impact from the restrictions may be limited. The currency was Asia’s worst-performer in May, falling almost 1 per cent against the US dollar as the nation’s Covid-19 cases rose to a record. However, it […]
Read MoreKUALA LUMPUR: The government has approved RM1.193bil to 73,815 employers to continue operations and retain 642,123 workers under the Wage Subsidy Programme 2.0 (PSU 2.0) as of May 21,2021. In the 55th Laksana report, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz also said a total of 7,497 applications had been approved under the Penjana […]
Read MoreKUALA LUMPUR: More than 90 per cent of micro, small, medium and informal enterprises would be risking business closure if the Movement Control Order (MCO) continues to be implemented, said the Ministry of Entrepreneur Development and Cooperative (MEDAC). Its minister, Datuk Seri Dr Wan Junaidi Tuanku Jaafar said as such, the ministry will continue to […]
Read MoreKUALA LUMPUR: Moody’s Investors Service has maintained Malaysia’s A3 stable credit profile, which is underpinned by its diversified, competitive and moderately large economy, ample natural resources and strong medium-term growth prospects. The large pool of domestic savings also supports the high government debt burden and lowers liquidity risk, the credit rating agency said in a […]
Read MoreKUALA LUMPUR, June 2 — Bank Negara Malaysia (BNM) today reiterated that all loan borrowers who have suffered a drop in income, including salary, allowances, commissions and household incomes, are eligible for a reduction of monthly installments according to the reduced income. In a series of tweets detailing the eligibility for reduction of monthly installments, […]
Read MorePETALING JAYA: Businesses are more confident in the second quarter (Q2) of 2021 with a better overall confidence indicator of -3.1% against -11.3% recorded in the last quarter, according to the Business Tendency Statistics for Second Quarter 2021. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the findings were obtained based on the results […]
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