KUALA LUMPUR: Malaysia’s industrial production rose at a slower pace than expected in February, expanding 1.5% from a year earlier driven by higher factory output, government data showed on Friday. The production index measures factory output in manufacturing, mining and electricity generation. February’s expansion undershot the 2% growth forecast by 11 economists in a Reuters […]
Read MoreKUALA LUMPUR, April 9 — The decrease in fresh graduate salaries in 2020 is “temporary” and caused by the Covid-19 pandemic that forced them to be underemployed, Human Resources Minister Datuk Seri M. Saravanan said today. Saravanan said the Human Resources Ministry (MOHR) is confident salary levels and jobs matching the skill levels of graduates […]
Read MoreIPOH, April 9 — Home Minister Datuk Seri Hamzah Zainudin today said no policy decision has been made yet to allow foreign workers back into the country despite an increasingly pressing need for them. As an example, Hamzah said about 40,000 foreign workers are required for the farming sector alone. “Many companies have requested foreign […]
Read MoreKUALA LUMPUR (April 8): Moody’s Investors Service said in a report today that the asset quality of Malaysia’s largest banks had been more resilient to the coronavirus-induced economic disruption than their peers in Indonesia, the Philippines and Thailand. This resiliency, along with strong capital and liquidity buffers, will enable Malaysian banks to restore profitability faster than […]
Read MoreKUALA LUMPUR (April 8): The recent dip in Malaysian bond yields presents an opportunity for issuers and corporates to ensure long-term debts are refinanced, said RHB chief economist Dr Sailesh Kumar Jha. This is as yields are expected to rise further, tracking higher US Treasury yields and in line with the anticipated market adjustments after […]
Read MoreKUALA LUMPUR (BERNAMA) – The Malaysian Government has approved a total of 7,266 applications for MYR1.366 billion in loans under the Small and Medium Enterprises (SMEs) initiative of the National Economic Regeneration Plan (PENJANA) as of March 19. Malaysian Finance Minister Zafrul Abdul Aziz said the government had allocated MYR2 billion under the programme, which […]
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