PETALING JAYA: Most millennials, or 74%, in Malaysia are struggling to meet day-to-day expenses and are borrowing more compared with other age groups since the onslaught of the Covid-19 pandemic. They also find it hard to control their bank balances compared with people over the age of 45. Some of the millennials (about 23%) have […]
Read MorePETALING JAYA: The FBM KLCI has reacted positively after Budget 2021 was passed by lawmakers. At the close, the index was up 14.53 points after the RM322.5bil federal budget, the nation’s largest, was passed despite a call by the Opposition for bloc voting. The event will help suppress the political uncertainty that has been weighing down on […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected to continue its recovery as seen in the Leading Index (LI), which increased by 8.6 per cent to 109.5 points in September 2020 compared with 100.8 points a year ago, said the Statistics Department. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the monthly change in the LI […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate in October fell for the eighth month, down by 1.5% on-year due to lower fuel prices,based on the Statistics Department data. According to the statement on Wednesday, the decline in the Consumer Price Index (CPI) was faster than a Reuters’ poll of a fall of 1.4%. In September, the CPI […]
Read MoreKUALA LUMPUR: Faced with inadequate retirement savings and longer life expectancy, Malaysians will eventually have to work longer beyond the current retirement age of 60, according to the World Bank and the minister in charge of economic affairs. The World Bank has called for the country’s minimum retirement age to be increased to 65, albeit […]
Read MoreKUALA LUMPUR: Shares in Top Glove Corp Bhd finished the day at RM6.80 – its day’s low, after 28 of its factories in Kapar, Klang, are set to be shut down in stages following a surge in Covid-19 cases. The fall in its share price also dragged down the FBM KLCI by 6.88 points. “There are 1,067 […]
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