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Asian markets tread cautiously ahead of U.S. stimulus, jobs
SINGAPORE: Asian stock markets made a cautious start on Thursday following two days of rallies, as investors await the passage and details of a $2 trillion stimulus package in the United States to combat the economic fallout from the coronavirus.
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COVID-19: Government to bear RM662 million electricity bill discount
KUALA LUMPUR, March 19 — The government will bear the cost of electricity discount for selected sectors amounting to RM662 million, of which RM122.5 million is for Sarawak and RM37.2 million for Sabah, this year, Energy and Natural Resources Minister Datuk
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UK government plans to buy into airlines
The British government is planning to buy equity stakes in airlines and other companies affected by the coronavirus pandemic, the Financial Times reported on.ft.com/2QypHcc on Saturday. The government plans to invest billions of pounds in companies including IAG-owned British Airways (ICAG.L) in
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SME group: Banks’ preparedness will help alleviate SMEs’ financial burden
PETALING JAYA: A coalition of small-medium entrepreneurs and industries claimed that several banks are rejecting loans applied under the recently announced stimulus package to help severely distressed sectors” of the economy from the Covid-19 outbreak. In a statement by Covid-19
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Malaysia to receive medical supplies from Jack Ma, Alibaba foundations
KUALA LUMPUR: The Jack Ma Foundation and Alibaba Foundation recently announced donations of medical supplies to Malaysia, Indonesia, Thailand and the Philippines. According to a statement, the foundations have been able to reach out to the governments of those four
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Business NGO: We need a second stimulus package
BANGSAR: A coalition of entrepreneurs are urging the government to prepare a second stimulus package that would be focused on assisting small and medium enterprises (SME), the self-employed and retrenched workers as the COVID-19 ravages the economy and public health.
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Ringgit continues downtrend at opening
The ringgit continued yesterday’s downtrend to open lower against the US dollar today, as fears over the fast-spreading COVID-19 pandemic curbed traders’ risk appetite, said a dealer. At 9.02am, the local currency weakened slightly to 4.3090/3130 against the greenback from
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Oil prices jumped US$1 as recent sharp falls draw investors
SINGAPORE: Oil prices rose more than US$1 today as the recent sharp falls due to the coronavirus pandemic encouraged bargain hunters to come forward, although the market remains volatile as the spread of the infection disrupts economies and hurts demand.
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Increase in dividend restores confidence of TH depositors – Zulkifli
KUALA LUMPUR: The profit distribution after tithe or “hibah” (dividend) of 3.05 per cent by the Pilgrims Fund Board or Tabung Haji (TH), which is higher compared with the fiscal year 2018, is seen as restoring the confidence of its depositors, said
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Tabung Haji announces income distribution after zakat of 3.05%
KUALA LUMPUR: Tabung Haji (TH) has announced a profit distribution after zakat (tithe) of 3.05% for the 2019 financial year (FY2019), with a payout totalling RM2.1 billion compared with RM913 million distributed in FY2018. In a statement today, TH attributed the improvement in its financial performance to sustainable
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