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CUTS to the GDP forecast in Malaysia as a result of the Covid-19 pandemic have impacted employment opportunities across all sectors with nearly 90,000 job losses reported so far this year, according to the Social Security Organisation (Socso).
SINGAPORE: Hyflux Ltd., in its third year of a debt-restructuring process, supports a plan proposed by Strategic Growth Investments LLC to acquire and privatise the Singapore-based water-treatment company in a transaction including a cash injection of S$208 million ($154 million).
LONDON: Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by the group and its allies to support the market.
NEW YORK: Oil prices ended nearly 3% higher on Tuesday as hopes that a COVID-19 vaccine is on the horizon outweighed worries about a drop in fuel demand from new lockdowns to contain the virus.
PETALING JAYA: The Malaysia-China Chamber of Commerce (MCCC) welcomed the Budget 2021 saying that it is a deficit driven expansionary budget necessary to spur growth.
KUALA LUMPUR (Bernama) -- To spur economic recovery through investment activities and to create a multiplier effect for the economy, the government has proposed to review the tax incentives for companies which are relocating their operations to Malaysia and making new investments.
KUALA LUMPUR: Top Glove Corporation Bhd has confirmed that 17 cases among its employees, representing less than 0.1 per cent of the group’s total workforce of 21,000 people, tested positive for COVID-19 since January 2020.