Analysts mixed on further OPR reduction
KUALA LUMPUR: Analysts are mixed in their views on Bank Negara Malaysia’s (BNM) stance on the overnight policy rate (OPR) in the upcoming Monetary Policy Meeting on Wednesday. Bank Islam Malaysia Bhd chief economist Dr Afzanizam Mohd Rashid said the central bank would likely reduce the OPR by 25 basis points during the meeting. “We […]
Call to reduce foreign workers
KUALA LUMPUR: The number of foreign workers in this country needs to be reduced between 30 to 40 per cent in a bid to lower the unemployment rate which is expected to jump 4.0 per cent this year due to Covid-19 pandemic. Universiti Putra Malaysia’s Economics and Management Faculty senior lecturer associate professor Dr Anuar Shah Bali […]
25% discount on assessment rates until Dec 31, 2020
KUCHING: The 25 pct discount on assessment rates for residential rateable holdings under the Kuching North City Hall (DBKU) jurisdiction will be granted effective Jan 2020 until Dec 31, 2020. According to DBKU in a press statement released yesterday, the discount under the Sarawakku Sayang Assistance Package (BKSS) only applies to residential, commercial, industrial, special […]
Don’t simply reduce EPF contributions
KUCHING: The reduction of employers’ contributions to the Employees Provident Fund (EPF) is seen by some people as unfair for employees. On May 2, executive director of the Malaysian Employers Federation (MEF) Datuk Shamsuddin Bardan proposed to reduce employers’ contributions to the Employees Provident Fund (EPF) from the current 12 to 13 per cent down […]
