Saturday, June 19, 2021

Business

Phase 4 of immunisation programme for manufacturing sector to begin June 16

KUALA LUMPUR: The Program Imunisasi Industri Covid19 Kerjasama Awam-Swasta (Pikas) for the manufacturing sector will be launched as Phase 4 of the National Covid-19 Immunisation Programme (PICK), beginning on June 16. The Ministry of International Trade and Industry (Miti) said...

Govt to provide fuel, cooking oil subsidies of up to RM8 bln this year

KUALA LUMPUR: The government is expected to cover fuel and cooking oil subsidies up to RM8.0 billion, which is RM4.22 billion higher than the RM3.78 billion allocated for this year. The government has spent RM6.32 billion on fuel and cooking...

MEF, Samenta agree MCO 3.0 extension necessary, hopeful of effective measures

KUALA LUMPUR: Malaysian Employers Federation (MEF) concurs with the government’s decision in extending the movement control order (MCO) 3.0 as the average daily rate of infection had not reduced to below 5,000 but is hopeful of effective measures to...

Bank extends relief assistance to customers

KUALA LUMPUR: United Overseas Bank (UOB) Malaysia has extended its Covid-19 Relief Assistance Programme for customers who are affected by the nationwide movement control order (MCO) 3.0 The bank in a statement on Friday stated that the programme is in...

Price of RON97 up 2 sen per litre, RON95 and diesel unchanged

KUALA LUMPUR: The retail price of RON97 petrol will increase by 2 sen per litre from RM2.63 per litre to RM2.65 per litre, while the prices of RON95 petrol and diesel remain unchanged at RM2.05 and RM2.15 per litre...

Malaysia’s trade deficit in services hit record RM47.4 bln in 2020

KUALA LUMPUR: Malaysia’s trade deficit in services increased to RM47.4 billion in 2020, the highest deficit ever recorded, owing to the unprecedented Covid-19 pandemic that has significantly restrained economic activities globally. The Department of Statistics Malaysia (DOSM) said total trade...

Perodua maintains sales target of 240,000 cars for 2021

KUALA LUMPUR: Perodua, which sold 96,281 vehicles in the first five months of 2021, is maintaining its sales target of 240,000 cars for the year, despite the ongoing pandemic and the semiconductor shortage. President and chief executive officer Datuk Zainal...

Banks need to give clear explanation about moratorium to affected M40

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) needs to provide a clear explanation about the moratorium for M40 income earners affected by the movement control order (MCO) 3.0, Minister in the Prime Minister's Department (Economy) Datuk Seri...

Serba Dinamik remains solid O&G player despite market turmoil

By Azman Ujang KUALA LUMPUR: Malaysian oil and gas (O&G) services giant Serba Dinamik Holdings Bhd remains strong with good growth prospects for the coming years despite facing a very challenging market, an industry observer said. The observer told Bernama that...

BNM’s international reserves rise to $110.9 bln as at May 31

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves stood at $110.9 billion as at May 31, 2021, up from $110.6 billion as at May 12. In a statement today, it said the reserves position is sufficient to finance 8.4 months...

Latest News

12MP takes into account National Recovery Plan

JELI: The report on the Twelfth Malaysia Plan (12MP) will take into account all factors related to the ongoing...