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Finance Ministry- A cautious and compassionate effort that deserves praise
With close to 2,406 210 people infected and more than 165 816 deaths around the world, as well as a global economic slowdown, COVID-19 is creating a challenging test for humanity. Malaysia has seen over 5000 cases and 89 deaths
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Brazil government, banks in talks about bailing out companies
BRASILIA/SAO PAULO: Brazil’s Economy Ministry is talking with banks about providing bailouts to sectors such as airlines, automakers, power companies and large retailers to help them survive the coronavirus crisis, bank executives confirmed on Wednesday in live presentations. Reuters reported
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China’s home prices return to growth in March as pandemic impact starts to ease
BEIJING : New home prices in China returned to growth in March after stalling for the first time in five years in February, suggesting some pent-up demand as the impact from the coronavirus outbreak on the property market gradually fades.
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US returns US$300m from 1MDB to Malaysia
KUALA LUMPUR: Malaysia today announced that US$300 million from 1Malaysia Development Berhad (1MDB) has been returned to the government by the United States of America. Prime Minister Tan Sri Muhyiddin Yassin said the amount represents the funds recovered from asset seizures
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Trump: Close to plan to reopen economy possibly, in part, before May 1
WASHINGTON: President Donald Trump said on Tuesday he is close to completing a plan to end the coronavirus shutdown and reopen the battered U.S. economy with some parts of the country likely to be ready to go before May 1.U.S.
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Businesses need to review business plans, reallocate resources
KUALA LUMPUR: Businesses will need to review their business plans and reallocate their resources to optimise future returns after surviving the COVID-19 pandemic, said Baker Tilly Malaysia. Global Business Solutions director, Loke Chee Kian said chief financial officers (CFOs), together with other
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AirAsia founders not taking salary; staff accept up to 75% pay cut
KUALA LUMPUR: The founders of Malaysia’s AirAsia Group Bhd will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact of the novel coronavirus outbreak on the airline, its chief
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Covid 19: LinkedIn offers free job postings for frontliners
Job postings for critical roles in healthcare are rising around the world, including in Malaysia. The healthcare sector is seeking professionals including doctors and nurse in the frontline of the COVID-19 pandemic. LinkedIn, the world’s largest professional network, has announced
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Beyond Stimulus Packages Malaysian economy needs a “new deal”!
PSM commends the government that the Supplementary Stimulus Package (Langkah Tambahan Pakej Prihatin) has addressed some of the criticisms leveled against the Stimulus Package announced by the Prime Minister on 27th March 2020. Many voices emanating from the business sector
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Japan set to announce coronavirus emergency, finalise near $1 trillion stimulus
TOKYO: Japanese Prime Minister Shinzo Abe is set to announce a state of emergency on Tuesday for the capital Tokyo and six other prefectures to stem a worrying rise in coronavirus infections in major population centres. The government is also
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