PETALING JAYA: The latest report by Moody’s Investors Service has set off alarm bells over the direction of Malaysia’s financial system, after the ratings agency called property loans the greatest threat for Malaysian banks. The worrying remark in Moody’s 2019 outlook report for Asia-Pacific banks came after Bank Negara’s constant assurance that the domestic property […]
Read MoreKUALA LUMPUR: Beginning Jan 1, 2019, the minimum contribution of employees and employers to the Employees Provident Fund (EPF) will be aligned with the Minimum Wages Order (Amendment) 2018 of RM1,100 for both Peninsular Malaysia, and Sabah and Sarawak. The EPF said a minimum contribution of RM264 was expected to be received from every worker […]
Read MorePETALING JAYA: Amid rising global trade tensions, Malaysia’s exports rose to a record high of RM96.4bil in October after growing at a higher-than-expected rate of 17.7% from a year ago, powered by manufactured goods, and with shipments to China picking up strongly. Adding to the positive development was the fact that the country’s trade surplus widened to the highest-ever recorded of RM16.3bil from RM15.3bil in […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell more than 1 percent on Wednesday due to expectations of rising inventories in Malaysia and a change in Indonesia’s export levy rules. Indonesia relaxed rules on palm oil levies and derivative products effective immediately following a drop in prices, the country’s finance ministry said on Wednesday. It will not collect levies from palm […]
Read MoreKUALA LUMPUR: Malaysia’s exports are expected to rise 6.2% in October from a year earlier, slightly slower than the previous month’s pace, a Reuters poll showed. Growth estimates among the 10 economists surveyed, however, ranged widely between an annual rise of 4.6% and 17.4%. In September, exports grew 6.7% year-on-year, driven by demand for manufactured […]
Read MoreKUALA LUMPUR: Malaysia’s e-commerce is on a growth trajectory and has started benefiting the country. This is following the full implementation of 13 key programmes under the National eCommerce Strategic Roadmap’s (NeSR) six thrust areas. International Trade and Industry Minister Darrell Leiking said e-commerce value added and contribution to the gross domestic product continuously improved […]
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