Business

[ad_1] KUALA LUMPUR: The withdrawal mechanism from Account 1 of the target Employee Provident Fund (EPF) has been described as the best measure to help alleviate the burden of those affected by Covid-19 with regard to household expenses. The Vice President of the Federation of Consumers Associations of Malaysia (Fomca), …

[ad_1] BANGKOK: Thailand’s competition regulator gave the go-ahead for British retail giant Tesco to sell its supermarket businesses to the Charoen Pokphand Group, despite monopoly concerns. The $ 10.6 billion sale to Thailand’s largest conglomerate was first marked in March and also covers Tesco’s operations in Malaysia. “Most of the …

[ad_1] PETALING JAYA: The Malaysian Hotel Association (MAH) is disappointed with the 2021 Budget and says little mention was made of aid to sustain the tourism sector, which is severely affected “The tourism and hospitality industry is deeply concerned about the lack of immediate assistance to stakeholders under a heavy …

[ad_1] PETALING JAYA: The Prime Minister is considering giving Opposition members the opportunity to sit in the weekly meeting of the Economic Action Council (EAC). During an interview with Agenda Awani on Saturday (November 7), Tan Sri Muhyiddin Yassin said that he was also open to suggestions from the Opposition …

[ad_1] PETALING JAYA: The decision to allow withdrawals from the Employee Provident Fund (EPF) from Account 1 raises concerns about the financial security of members and their families, says the Institute for Democracy and Economic Affairs (Ideas). In a statement on Saturday (Nov 7), the think tank said that around …

[ad_1] KUALA LUMPUR: The 2021 budget remains expansive and, equally important, maintains and even improves targeted financial support and fiscal aid for vulnerable communities and businesses affected by the social, financial and economic consequences of the Covid-19 pandemic. Malayan Banking Bhd (Maybank) Chairman and CEO Datuk Abdul Farid Alias, who …

[ad_1] PETALING JAYA: Local tour operators have described Budget 2021, which they expected to revive the sector severely affected by Covid-19, as not living up to their expectations. Malaysian Tourism and Travel Agents Association (MATTA) Chairman Datuk Tan Kok Liang said the allocation under the Budget was “inadequate to boost …

[ad_1] KUALA LUMPUR (Nov 6): The various initiatives announced in the Government Budget for 2021 are welcomed by banks who say it remains expansive while maintaining targeted financial support and tax relief for affected vulnerable communities and businesses for the social, financial and economic consequences of the Covid-19 pandemic. The …

[ad_1] As the country prepares to face the current Covid-19 pandemic, all eyes will be on how the 2021 Budget unfolds. The Minister of Finance, Datuk Seri Tengku Zafrul Abdul Aziz, now presents the budget, with the theme ‘Stand firm, let’s win together‘(Stand United, We Shall Prevail), at the Dewan …

[ad_1] PETALING JAYA: Tax breaks for medical treatment and immunization programs, as well as help for insurance products, are ways to ease the burden of rakyat on your health care, health professional associations said. The Chairman of the Malaysian Coalition Physicians Association, Dr. Raj Kumar Maharajah, described Budget 2021 as …