Business

[ad_1] PETALING JAYA: A staff member from the office of Lembah Pantai Deputy Fahmi Fadzil tested positive for Covid-19. Fahmi, who is also PKR’s director of strategic communications, said he and the rest of his office staff would self-quarantine at home. “One of my office staff members who just returned …

[ad_1] PETALING JAYA: AEON Credit Service (M) Bhd has registered a year-on-year (year-on-year) jump of 5.46% in its net profit to RM 51.81 thousand in its second quarter ended August 31. This was mainly due to lower impairment losses on financing loans, personnel expenses and advertising expenses recorded. Group revenue …

[ad_1] PETALING JAYA: The World Bank has forecast that the economy will take a major hit from the current Covid-19 crisis and Malaysia’s real gross domestic product (GDP) is expected to contract by 4.9% instead of 3.1% for the year. The forecast revision reflects the greater uncertainty of the global …

[ad_1] KOTA KINABALU: Datuk Seri Hajiji Mohd Noor says that his main goal as Chief Minister will be to overcome the economic challenges facing Sabah. “I have taken over the reins of the state at unusual times, as we face serious economic problems due to the Covid-19 pandemic. “Our aim …

[ad_1] OAKLAND, California: Alphabet Inc’s Google on Sept. 28 sought to refute criticism that it selectively enforces its 30% mobile app store tax, requiring more than 3% apps that sell non-compliant digital items to follow the rules within a year. The change follows lawsuits for Fortnite Video game maker Epic …

[ad_1] SHAH ALAM: Selangor police have detected 69 cases related to the company offering non-existent vacation packages to front-line people involving losses of more than RM600,000. Head of the Commercial Crime Investigation Department of Selangor Asst Comm Muhammad Yazid Muhammad Yew said that a total of 519 people had been …

[ad_1] The World Bank says Malaysia’s rising unemployment rate and weaknesses in the labor market will continue to weigh on private consumption. (Image from Reuters) KUALA LUMPUR: After a more pronounced contraction than expected in the second quarter of 2020 (2Q20), the World Bank has reduced the forecast for economic …

[ad_1] KUALA LUMPUR: After a more pronounced contraction than expected in the second quarter of 2020 (2Q20), the World Bank has reduced the forecast for economic growth for Malaysia this year to a contraction of 4.9%, compared to an initial estimate of -3 ,one%. In a statement today, the World …

[ad_1] Rayyan Radzwill is a prosecution witness in the Rosmah Mansor corruption trial. (Photo by Bernama) KUALA LUMPUR: The United States Superior Court of Justice established today on November 5 to hear the request of businessman Rayyan Radzwill Abdullah of his lawsuit against the former managing director of Jepak Holdings …

[ad_1] KUALA LUMPUR: RHB Banking Group has appointed Dr. Chong Han Hwee as Group Chief Risk Officer effective September 28. Armed with more than 17 years of experience in risk management practices, Chong will replace Patrick Ho, who will retire as the group’s chief risk officer on September 30, RHB …