Business

[ad_1] PETALING JAYA: As widely expected, Bank Negara has reduced the overnight interest rate (OPR) by 50 basis points (bps), bringing the benchmark interest rate to 2% to support the decaying economy of Malaysia. With the cut in the OPR, commercial banks have followed suit with a corresponding adjustment in …

[ad_1] PETALING JAYA: Shopping centers in Selangor have started operating since Monday, but their tenants remain cautious despite the relaxing government conditions for some companies. Malls say they are complying with rules set by federal and state governments, saying everyone’s health and curbing the spread of Covid-19 is their top …

[ad_1] Former primary industries minister Teresa Kok says the WHO notice on palm oil is “completely inaccurate and illusory.” PETALING JAYA: Former primary industries minister Teresa Kok criticized the World Health Organization’s warning for people to avoid palm oil in their diet during the Covid-19 outbreak, saying it reflects “ignorance” …

[ad_1] KUALA LUMPUR: Bursa Malaysia managed to recoup half of the previous day’s losses on Tuesday when funds were seen to collect Tenaga Nasional, Public Bank and Maybank. At 5pm, the KLCI rose 12.96 points or 0.94% to 1,389.55, but outside of the day’s high of 1,398 and so far …

[ad_1] KUALA LUMPUR: On Tuesday, Malaysia’s central bank cut interest rates to their lowest level since the 2009 global financial crisis as the COVID-19 pandemic hits the economy. The Southeast Asian nation has teamed up with other countries around the world to ease monetary policy as the virus closes businesses …

[ad_1] WITHOUT illegal jobs and illegal foreign workers, the Kuala Lumpur Wholesale Market is now a cleaner and more spacious place for customers to shop for their essentials. In a four-day sanitization exercise, the authorities moved to rid the place of illegal posts and eliminate illegal immigrants, and carried out …

[ad_1] STOCKHOLM (Bloomberg): Sweden’s light approach to containing Covid-19 may be working in Scandinavia’s largest economy, but it would be a mistake to consider it as a model for others to follow suit, according to Goldman Sachs. Swedish schools, gyms, bars and shops have remained open during the pandemic. On …

[ad_1] JAKARTA: Indonesia’s economy grew at its weakest pace since 2001 in the first quarter as the coronavirus pandemic halted business activity in the largest economy in Southeast Asia and fueled expectations of an impending recession. The coronavirus crisis has affected consumption, the main driver of the economy, investment and …

[ad_1] KUALA LUMPUR: Serba Dinamik Group Bhd and the Malaysian Technology Development Corporation (MTDC) have teamed up to foster the growth of the digital startup ecosystem in Malaysia by providing guidance and guidance to budding entrepreneurs for an innovative transformation. In a joint statement, the parties said the collaboration would …

[ad_1] KUALA LUMPUR: The Negara Malaysia Bank Monetary Policy Committee (MPC) cut interest rates by 50 basis points to 2%, which is the lowest level since 2010 as internal economic conditions have been affected by the pandemic from Covid-19. Tuesday’s announcement to lower the overnight policy rate (OPR) was within …