A boost to business confidence
KUCHING: The second economic aid package worth RM1.1 billion announced by the state government to alleviate the burden of small and medium enterprises (SMEs), micro enterprises, hawkers and petty traders would boost the confidence of the business community in facing tough challenges ahead, said Jonathan Chai Voon Tok. The Kuching Chinese General Chamber of Commerce […]
GLCs donate RM60 mln to MOH, tax deduction for contributions
KUALA LUMPUR: Government-linked companies (GLCs) have to-date donated about RM60 million in the form of medicine, medical equipment and personal protective equipment to the Ministry of Health (MOH). The corporate sector is encouraged to emulate the generosity of GLCs in assisting national efforts to combat the Covid-19 outbreak, Finance Minister Tengku Datuk Seri Zafrul Aziz said. “The government welcomes […]
GLC stocks takes heat on possible political realignment
KUALA LUMPUR: As news on the current political landscape became the talk of the town, shares of government-linked companies (GLCs) have declined sharply since the market opened this morning. As at 11.01am, Maybank led the loss, declining 15 sen to RM8.26, while Tenaga Nasional slid 20 sen to RM12.58 and CIMB reduced 11 sen to RM4.89. Petronas-linked stocks such as Petronas Chemicals shed 11 sen […]
Govt to do away with golden shares in GLCs, if necessary
KUALA LUMPUR: The government will do away with holding golden shares in government-linked companies (GLCs), if necessary, said Prime Minister Tun Dr Mahathir Mohamad. However, it will forego from having golden shares in the selected companies after conducting a proper study on each case. “For example, 1Malaysia Development Bhd (1MDB) is not doing what it […]
