KUALA LUMPUR: The Employees Provident Fund has revised higher the minimum basic savings target for retirement at age 55 to RM240,000. The basic savings target, which represents the amount considered sufficient to support EPF members’ basic needs for 20 years upon retirement, was previously set at RM228,000. According to a statement, the EPF said the […]
Read MoreKUALA LUMPUR: The domestic business sentiment is expected to continue declining from October to December amid slower national economic growth and external vulnerabilities. However, the Malaysian Institute of Economic Research (MIER) executive director Prof Zakariah Abdul Rashid said the domestic business conditions remained favourable despite the uncertainties on the near-term outlook in the fourth quarter. Zakariah said local production may experience a sharp decline in the […]
Read MoreKUALA LUMPUR: The stinky, spiky durian is set to become Malaysia’s next major export as the Southeast Asian nation rushes to develop thousands of acres to cash in on unprecedented demand for the fruit from China. Once planted in family orchards and small-scale farms, the durian, described by some as smelling like an open sewer […]
Read MoreTOKYO: Malaysia and Japan have signed a memorandum on halal cooperation to pave the way for more business opportunities in the halal industry. The agreement was signed by Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof and Japanese Economy, Trade and Industry Minister Hiroshige Seko. Mohd Redzuan said the cooperation sent a strong signal on the seriousness of both countries in realising a win-win collaboration. He […]
Read MoreJAKARTA:Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world’s top palm oil producer, announced measures to increase shipments. The sharp drop in palm oil prices in late trading was in direct response to the announcement that Indonesia will help palm oil exporters by reducing its export levy to zero from $50 a tonne previously, traders said. Until now the Indonesian levy had […]
Read MoreKUALA LUMPUR: Malaysian companies are set to explore export opportunities for chemicals and chemical products in Vietnam and Cambodia through Malaysia External Trade Development Corp signature export promotion programme, Export Acceleration Mission. The EAM will take place in Ho Chi Minh and Phnom Penh from November 26-30. The initiative would capitalise on the booming demand […]
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