Business

[ad_1] KUALA LUMPUR: Alliance Bank Malaysia Bhd will reduce its base rate, base loan rate and base financing rate by 50 basis points starting Friday. He said Thursday that his base rate will drop from 3.32% pa to 2.82% pa. and the base interest rate and the base financing rate …

[ad_1] BRASILIA: Brazil recorded a record number of new cases of COVID-19 on Wednesday (May 13), beating France’s count to become the sixth most affected country, as the coronavirus sends the economy into its worst year since at minus 1900. The government confirmed 11,385 new cases in the past 24 …

[ad_1] GENEVA (Reuters) – The coronavirus that causes COVID-19 could become endemic like HIV, the World Health Organization said on Wednesday, warning against any attempt to predict how long it would keep circulating and calling for a “massive effort” to counter it. “It is important to put this on the …

[ad_1] KUALA LUMPUR (May 13): Despite registering moderate growth in Gross Domestic Product (GDP) of 0.7 percent in the first quarter (Q1) of this year, analysts and economists continue to rely on Malaysia’s prospects in the Next six to 12 months, suggesting that the construction, transportation, and information technology (IT) …

[ad_1] KUALA LUMPUR: The government will announce a six-month economic recovery plan later this month to resuscitate the country’s economy after COVID-19. International Trade and Industry Minister Datuk Seri Azmin Ali said the pandemic has affected world markets, including Malaysia. “Businesses have come to a complete halt and unemployment has …

[ad_1] PETALING JAYA: Malaysia is expected to report its first quarterly economic contraction in 42 quarters or the first since the global financial crisis today. Economists told StarBiz that the weak private consumption and trade activities, battered by the Covid-19 pandemic and the movement control order (MCO), may have likely …

[ad_1] CEO of Star Media Group Bhd (SMG) Andreas Vogiatzakis (Photo) he resigned from his post to pursue other interests. In a statement, Vogiatzakis thanked SMG President Datuk Fu Ah Kiow and the board of directors for their guidance and support during his tenure. “As my starting thoughts for everyone, …

[ad_1] Government service counters will reopen their businesses after weeks of inactivity under partial closure. (Photo by Bernama) PUTRAJAYA: All government departments and service counters are open for business again, says Chief Security Minister Ismail Sabri Yaakob. Speaking at his daily Covid-19 crisis management press conference here, he said that …

[ad_1] The destination of choice for RAMADAN buyers in Kuala Lumpur is hands down Jalan Tuanku Abdul Rahman (Jalan TAR) and other nearby streets. Every year, people flocked to shops there to buy traditional clothing and accessories, as well as food items in preparation for Quick Break and Hari Raya …

[ad_1] KUALA LUMPUR: The government will announce a six-month economic recovery plan later this month to resurrect the country’s economy after Covid-19. International Trade and Industry Minister Datuk Seri Azmin Ali (pix) said the pandemic has affected world markets, including Malaysia. “Businesses have come to a complete stop and unemployment …