PETALING JAYA: Bank Negara’s decision to keep the overnight policy rate (OPR) unchanged at 1.75% is positive for banks. It would provide a reprieve for banks’ net interest margin (NIM) – a measure of the difference between interest paid and interest received. Banks are already facing pressure on the bottomline from the 125-basis-point (bps) cut […]
Read MoreThe Women’s Aid Organisation (WAO) and gender equality-focused social enterprise Engender Consultancy would like to reiterate the importance of Budget 2021 in tackling the gender gaps in our society that have been worsened by the Covid-19 pandemic. Safeguarding women’s safety from violence, women’s employment, and women’s and girls’ access to healthcare must be front-and-centre in […]
Read MoreMalaysia’s central bank held its benchmark interest rate at a record low Tuesday, while warning of downside risks that threaten the economy’s recovery. Bank Negara Malaysia held its overnight policy rate at 1.75% at its final scheduled meeting of the year, as expected by 17 of 22 economists surveyed by Bloomberg. The rest forecast a 25-basis […]
Read MoreTax authorities around the world believe that tax rules have not kept up with digitalisation, globalisation and new business models. There is a concern that multinationals can make significant profits from countries where their customers are located, by using technology to deliver goods and services without an “onshore” physical presence and potentially without paying taxes […]
Read MorePETALING JAYA: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) dipped for the fourth successive month in October as rising Covid-19 case numbers and renewed restrictions to try to prevent its spread stymied the manufacturing sector’s recovery. IHS Markit said the composite single-figure indicator of manufacturing performance fell to 48.5 from 49.0 in […]
Read MorePETALING JAYA: Times may be tough for business, but the Malaysia External Trade Development Corp (Matrade) is doing all it can to ensure that it helps boost the country’s exports. “The core function of Matrade is to create export opportunities for Malaysian companies. During this time, it’s not for us to sit down and do […]
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