KUALA LUMPUR, Aug 27 — The Housing and Local Government Ministry is still studying the vacancy tax and has not made any decision on the matter, Parliament was told today. In her reply during Minister’s Question Time today, Zuraida Kamaruddin told the Lower House that at the moment, the study is being conducted based on […]
Read MoreKUALA LUMPUR: Malaysian corporations are in good stead to ride out the recession due to their sound balance sheet, cash reserves and their ability to cut operating expenses to conserve cash, says RAM Rating Services Bhd. In its corporate default and rating transition study issued yesterday, the rating agency said corporate firms started the lockdown, […]
Read MorePETALING JAYA: As Covid-19 cases worldwide surpassed the 23 million-mark with over 800,000 deaths, global trade sentiment continues to be fragile despite the emergence of signs of recovery. The World Trade Organisation (WTO) said that while several indicators pointed to partial upturn in world trade and output in the third quarter, the strength of such […]
Read MoreKUALA LUMPUR, Aug 26 — Economists pinned the country’s worst-ever second quarter GDP contraction on Putrajaya’s imposition of movement control ahead of regional rivals and said Malaysia still performed reasonably well when this was considered. Economic growth from April to June contracted 17.1 per cent, Bank Negara Malaysia announced last week, as domestic spending and […]
Read MoreKUALA LUMPUR: The world’s largest condom maker Karex Bhd is venturing into the business of making medical gloves. The company, in a filing with Bursa Malaysia today, said its wholly owned Innolatex (Thailand) Limited (ITL) is planning to set up a new manufacturing facility at its existing plant in Hatyai with the capacity to produce 2.5 billion […]
Read MoreMany of the governments once lauded for their textbook Covid-19 responses, replete with strict lockdowns, sophisticated contact-tracing apps and clearly articulated policies, got tripped up by something in the end. In Singapore, it was an outbreak in foreign worker dorms. In South Korea, it was the premature reopening of nightclubs. Then there were other countries […]
Read More
Thailand
