Preparing for tough times

[ad_1] PETALING JAYA: Businesses in Selangor are preparing for the tough days ahead as the state is under a conditional motion control order (CMCO) as of today. While the Malaysian Retail Chains Association (MRCA) laments an expected drop in sales, one economist argued that a “targeted closure” of only locations …

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Bank Negara stress test: impairments will exceed 4% of loans

[ad_1] KUALA LUMPUR: Bank Negara Malaysia’s stress test has confirmed banks’ resilience to an expected increase in credit losses under more adverse economic conditions despite forecasts of further deterioration. Under the presumed scenario of economic and financial shocks arising from the pandemic, overall impairments are projected to rise above 4% …

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2020 Volkswagen Passat R-Line launch: $ 204,433

[ad_1] As promised, Volkswagen Passenger Cars Malaysia (VPCM) today launched the Passat R-Line through a virtual event. The sportier-looking D-segment sedan arrives around nine months after the refreshed standard Passat, adding some key features along the way. First, let’s talk about pricing. The Passat R-Line is retailed in 204,433 RM …

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Coronavirus: Limited dining at restaurants in Kuala Lumpur, Putrajaya and Selangor as restrictions take effect, SE Asia News & Top Stories

[ad_1] PUTRAJAYA (THE STAR / ASIA NEWS NETWORK) – Food outlets, street vendors, convenience stores and groceries in Kuala Lumpur, Putrajaya and Selangor can only operate between 6 a.m. and 10 p.m. as new restrictions Movement imposed in the three areas go into effect on Wednesday (October 14) to curb …

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Does anyone play for the health portfolio in Sabah?

[ad_1] YOUR OPINION | “It is very revealing that there was almost a stampede in regards to the state’s Ministry of Public Works.” Sabah government doubts the health portfolio despite the increase in Covid-19 cases Appointment of Sabah Minister of Health unnecessary – SAPP Avicenna: Nobody wants to take over …

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The IMF expects Malaysia’s GDP to rise 7.8 percent next year

[ad_1] KUALA LUMPUR: The International Monetary Fund (IMF) expects Malaysia’s real gross domestic product (GDP) to rise 7.8 percent next year. However, the IMF has revised its forecast for Malaysia’s GDP for 2020 to a 6 percent year-on-year contraction from the previously estimated 3.8 percent contraction. In its October 2020 …

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