PETALING JAYA: The announcement on the new minimum wage caught almost everyone by surprise. The market had been bracing for a much higher increase, expecting a hike of RM150 per month, with some labour-intensive sectors preparing for a big hit. There was much concern over the issue as Pakatan Harapan, in its election manifesto had […]
Read More7-ELEVEN MALAYSIA By Maybank IB Research Rating: Sell Target Price: RM1.12 While the improvement in consumer sentiment bodes well for SEM’s sales outlook, there are headwinds ahead, said Maybank IB. “Minimum wage will raise overheads while the decision to maintain prices post sales tax implementation may dampen margins. Our financial year 2019/2020 earnings are cut […]
Read MoreGEORGE TOWN: The Federal Government expects a more positive response from housing industry players following its decision to exempt construction services and certain building materials from the Sales and Services Tax (SST). Finance Minister Lim Guan Eng expressed hope of seeing at least some changes in housing prices as the government was not collecting SST […]
Read MoreTEMPO.CO, Jakarta – The Tourism Ministry has revised upward the number of Malaysian touristsvisiting Indonesia this year to 2.6 million from 1.4 million. “In the January-June 2018 period, 1.4 million Malaysians visited Indonesia. Hopefully, the number will increase to 2,670,000 at the end of this year,” deputy assistant of marketing development at the Indonesian Tourism Ministry, Sumarni said on […]
Read MoreKUALA LUMPUR: Malaysia’s Industrial Production Index (IPI) increased marginally by 2.6 per cent in July 2018 over the same month last year supported by an increase in the manufacturing and electricity indices, the Statistics Department says. In a statement, Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin said the manufacturing sector output increased 5.2 per […]
Read MorePETALING JAYA: Bank Negara’s slightly more cautious tone on the state of the economy when it announced the overnight policy rate (OPR) is a reflection of the more challenging environment and growth risks that the country faces at the moment, says HSBC Global Research. “However, we don’t see this as a sign that Bank Negara […]
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