KUALA LUMPUR: The ringgit climbed to an eight-month high today against the US dollar after the US Federal Reserve indicated it will not raise interest rates this year. As of 9am, the local currency stood at 4.0540/0580 against the greenback compared with Wednesday’s close of 4.0650/0690. Maybank Kim Eng research said the signal of a […]
Read MoreMalaysian employees can expect to receive higher salary increments and sustained benefits this year, according to a report released on March 7 at an event in Kuala Lumpur. Even with the concern of the shortage of job skills, employers are remaining positive about the growth of their businesses. 72 per cent of employers surveyed said […]
Read More[KUALA LUMPUR] Some local and foreign firms have expressed interest in buying Malaysia Airlines, Malaysian Prime Minister Mahathir Mohamad said on Wednesday. Malaysia was still studying options for the financially troubled national carrier, he told reporters. “There are certain parties who are interested to buy (the airline), so we don’t reject (the possibility of selling),” […]
Read MoreKUALA LUMPUR: CIMB Equities Research expects Gas Malaysia’s earnings will likely remain stable post after the implementation of the third party access (TPA) and incentive-based regulation (IBR) regulatory period 2 in 2020. It said on Wednesday the group aims to at least maintain its FY19 dividend per share at a level similar to FY18, which […]
Read MoreKUALA LUMPUR: Finance Minister Lim Guan Eng has urged banks in Malaysia to ease their lending requirements to reduce the difficulties faced by individuals and businesses to secure financing. “Banks should be more more flexible in their lending arrangements. We get many complaints about banks being very conservative in lending, although they recorded huge profits […]
Read MoreKUALA LUMPUR: The Pakatan Harapan government must provide more clarity on its succession plan for the prime minister’s post in order to raise investor confidence in the economy, according to tycoon Ho Kwon Ping. Speaking at the Invest Malaysia forum, Ho pointed out that it was still unclear on the exact timeline for Tun Dr […]
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