Business

[ad_1] KUALA LUMPUR (April 30): Members of the Eligible Employees Provident Fund (EPF) who invest under the Member Investment Scheme (MIS) will be entitled to a reduction in the initial fees charged by fund management institutions (IMF) for one year. This rate reduction will begin tomorrow and will be in …

[ad_1] Grab Singapore has announced that its senior management has cut wages by as much as 20%, while staff members will need to apply for an unpaid leave as their business has been affected by Covid-19, according to a Narrow times report. “As our earnings continue to drop, Grab’s top …

[ad_1] KUALA LUMPUR: Borrowers / clients with fixed-term purchase loans and fixed-rate Islamic financing will receive notification starting on Friday of the steps necessary to complete the process of deferring their loan / financing payments under the moratorium. Bank Negara Malaysia said Thursday that borrowers / clients would be notified …

[ad_1] PETALIZING JAYA: The editor of Blu Inc Media Sdn Bhd magazine, the company behind well-known home magazines like CLEO, Cosmopolitan, Her World, EH! and Woman, has closed as of today (April 30). In a letter to employees sighted by TheSun, CEO Datin Azliza Tajuddin explained that the business has …

[ad_1] The logo of DBS, the largest bank in Singapore. Roslan Rahman | AFP | fake pictures Southeast Asia’s largest bank, DBS, said Thursday that it set aside Singapore $ 1.09 billion ($ 772.5 million) to cover potential losses from the coronavirus pandemic, resulting in an annual 29% drop in …

[ad_1] KUALA LUMPUR (April 30): PublicInvest Research has downgraded Sapura Energy Bhd’s rating to “Underperforming” to 8-sen and lowered its target price (TP) to 6-sen (from 12-sen) and said results for the year Sapura Energy’s fiscal office did not meet the house’s expectations and consensus, expanding its core losses to …

[ad_1] PETALANDO A JAYA: AIRASIA BHD It resumed its scheduled domestic flights in Malaysia yesterday, but is looking to cut costs aggressively and not receive any planes this year. The airline will begin flying to selected international destinations soon subject to approval by the authorities. His planned flight resumes include …

[ad_1] The International Air Transport Association (Iata) described the month of March as disastrous for the aviation industry, since demand, which is measured in total revenue per kilometer of passengers (RPK), fell 52.9 percent in Comparison with the same period of the previous year. This was the largest decline in …

[ad_1] WASHINGTON (Reuters) – The US economy. USA It contracted in the first quarter at its fastest pace since the Great Recession, as stringent measures to stem the spread of the new coronavirus nearly closed the country, ending the longest expansion in the nation’s history. The decline in gross domestic …

[ad_1] WASHINGTON (Reuters) – United States President Donald Trump greeted the good news on Wednesday that an experimental antiviral drug from Gilead Sciences Inc could help fight the coronavirus, and infectious disease official Anthony Fauci said the data shows which seems to help hospitalized patients with COVID-19. However, Fauci told …