[KUALA LUMPUR] Malaysians’ income could rise 26 per cent if women are given equal access to economic opportunities, according to the World Bank. That rise in income per capita would imply a 9,400 ringgit (S$3,098) annual gain for each Malaysian on average, according to a report released by the bank on Friday. Three-quarters of the […]
Read MoreIndonesian state-owned electricity company PLN on Wednesday signed a memorandum of understanding (MoU) with its Malaysian counterpart, Tenaga Nasional Berhad (TNB), to begin a feasibility study on exporting 600 MW of power to TNB. PLN said in a statement that it expected to connect its Sumatra network to TNB’s western network by 2028. “It is also […]
Read MoreNEW YORK/KUALA LUMPUR: Index provider FTSE Russell said on Thursday it would retain China’s onshore government bonds on a watch list for a possible upgrade that could allow Chinese debt entry to its widely tracked government bond index. Malaysian bonds, which were on review for a downgrade that would have excluded them from the World […]
Read MoreKUALA LUMPUR: The Association of Banks in Malaysia (ABM) said its member banks will now cease charging fees for cheque and cash payments for credit card and financing repayments over the counter and at Cash Deposit Machines (CDMs). In a statement Thursday, ABM said currently certain customer segments were already waived from these charges i.e. […]
Read MoreIN response to media reports that Malaysia is advancing its anti-monopoly investigation into Singapore-based Grab Holdings Inc, the ride-hailing company on Thursday said that it has “fully cooperated” with the Malaysia Competition Commission (MyCC) in their request for information, and is not aware of any breach of competition laws since its acquisition of Uber last […]
Read MoreKUALA LUMPUR: Ahead of Budget 2020, prominent economist Prof Jomo Kwame Sundaram has called for “smart taxation” in Malaysia, which aims to increase the country’s tax collection without hiking tax rates. Speaking to reporters at a media briefing, he said that it was important for the government to reduce or eliminate unnecessary tax exemptions offered […]
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