SINGAPORE: Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largess. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, Tuesday’s budget is set to focus on the pandemic-hit travel sector or […]
Read MorePETALING JAYA: Average hotel occupancy rates are projected to hover at around 20% during the first quarter of this year, as Malaysia continues to grapple with the ongoing Covid-19 pandemic. Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng (pic) said a recovery in the occupancy rate can be expected once the vaccine […]
Read MorePETALING JAYA: Malaysia urgently needs to make bold changes and radical reforms for it to compete with its Asean peers at the economic front ahead of joining the more advanced Asian nations at a time when the Covid-19 is ravaging the region’s economy. Countries like Vietnam, Indonesia, the Philippines and Thailand have been experiencing stronger […]
Read MoreKUALA LUMPUR (AFP) – Malaysia’s economy last year contracted at its fastest pace in more than two decades, as the coronavirus shuttered businesses and hammered the country’s key exports, data showed yesterday. Full-year gross domestic product shrank 5.6 per cent, the statistics department said, marking the worst performance since a 7.4-per cent drop in 1998 […]
Read MoreKUALA LUMPUR: Bank Islam Malaysia Bhd expects Bank Negara to cut its overnight policy rate (OPR) by 25 basis points (bps) at the upcoming monetary policy meeting scheduled for March 4. Chief economist Dr Mohd Afzanizam Abdul Rashid said the projection was due to the visibility of economic uncertainties following the reintroduction of the movement […]
Read MoreAfter receiving complaints, the government of Malaysia’s Pahang state has agreed to grant remission of the ‘office fee’ charged upon registration of property dealings. Mentri Besar (Chief Minister) Wan Rosdy Wan Ismail said the state was always responsive to the people’s complaints, especially those considered reasonable, and thus approved the remission of the registration fees […]
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