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Budget 2020: We need better fiscal policy, says ex-BNM deputy governor
With more than a week to go before the tabling of Budget 2020, former Bank Negara Malaysia (BNM) deputy governor Tan Sri Lin See Yan said that Malaysia needs a fiscal policy to generate growth for the economy. The country,
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MATTA: Saudi Arabia’s tourism sector a boon to Malaysia
KUALA LUMPUR: The Malaysian Association of Tour and Travel Agents (MATTA) sees Saudi Arabia’s plans to open its doors to foreign tourists as a move that will widen tourism business opportunity in Malaysia. MATTA deputy president Mohd Akil Yusof said
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Lim to banks: Good job in removing over the counter charges
PUTRAJAYA: The Finance Ministry has welcomed the termination of transaction charges, imposed by 26 commercial banks on cash and cheque transactions for credit cards and financing repayments over the counter of up to RM2 and 50 sen at cash deposit
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Dr M: We may list Petronas’ subsidiary
NEW YORK: The government may consider listing one of Petronas’ subsidiary to make Bursa Malaysia more attractive. Prime Minister Tun Dr Mahathir Mohamad said Petronas Carigali was one of the companies being considered, adding that there were also other possibilities.
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No more cheque, cash payment fees for credit card, financing repayments
KUALA LUMPUR: Banks will now cease charging fees for cheque and cash payments for credit card and financing repayments over the counter and at Cash Deposit Machines (CDMs), said the Association of Banks in Malaysia (ABM). “Currently, certain customer segments
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Continental to cut jobs, close factories in restructuring exercise
FRANKFURT: Continental AG mapped out a sweeping restructuring plan set to last a decade that will affect as many as 20,000 jobs worldwide, part of the German manufacturer’s effort to restore profits while enduring sluggish vehicle production in key markets.
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Bursa Malaysia opens marginally lower on subdued demand
KUALA LUMPUR: Bursa Malaysia opened marginally lower today on subdued demand with investors remaining tepid on the volatile global outlook. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined a marginal 0.23 of-a-point to 1,592.10 from 1,592.33
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Zeti: Dr M is aware of Jalil’s appointment as PNB CEO
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) group chairman Tan Sri Dr Zeti Akhtar Aziz has clarified that the fund’s new chief executive officer (CEO) Jalil Rasheed was appointed through a proper procedure. She denied claims that Jalil’s appointment was at
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Dialog expands Pengerang oil storage to tap trade growth
Malaysian energy storage services provider, Dialog Group is expanding its Pengerang oil storage facility in the southern peninsular state of Johor, as it seeks to tap growth in oil, gas and petrochemicals trade around the Malacca Straits. Dialog will break
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Kenanga Research: Proton is on the right track
Proton continues to dominate the automotive industry by being the only car brand that recorded higher sales growth, supported by its popular Proton X70, as well as its face-lifted Proton Saga, Iriz and Persona. This is on the back of
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