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PM: EPF cut will add RM70m to the economy

Prime Minister Datuk Seri Dr Mahathir Mohamad has defended the Government decision to reduce the employees' EPF contribution to 9%, saying the reduction can boost consumption by up to RM2bil a year.


FMM: Wide measures to have extensive impact

THE Federation of Malaysian Manufacturers (FMM) said the wide range of measures under the economic package would have extensive impact on all economic sectors, directly and indirectly.


Suncity confident hotel occupancy rates will return to normal by Q2 next year

SUNWAY City Bhd (Suncity), the owner of Sunway Lagoon Resort Hotel which saw occupancy rates drop to a historic low of 40% in April, sees a glimmer of hope this month as the trend has bottomed out and things are likely to return to normal by the second quarter of this year.


PM: Second bonus will depend on economy

A SECOND bonus for civil servants this year will depend on the country's financial situation, said Prime Minister Datuk Seri Dr Mahathir Mohamad.

AseanPlus News

Ministers to take 10% pay cut

MINISTERS and top civil servants will lead by example in these difficult times and take a monthly pay cut of up to 10% for a year from July.


Change of guard in the MCA

Datuk Seri Ong Ka Ting has been elected party president and Datuk Chan Kong Choy his deputy by the MCA central committee. They take over from Datuk Seri Dr Ling Liong Sik and Datuk Seri Lim Ah Lek respectively. Ong and Chan pledged to strengthen party unity and work together to serve the party, Barisan Nasional, the Malaysian Chinese community and the country.


Thaksin now targets the mafia

By M. Veera Pandiyan


Suhakam finetunes manual for police

The Malaysian Human Rights Commission (Suhakam) is in the final stages of formulating a training module for police personnel which incorporates the protection of human rights.


Incentives an election ploy, says Hadi

The economic stimulus package announced by the Federal Government last week is a general election bonus, said Opposition leader Datuk Seri Abdul Hadi Awang.


Syed Hamid: No asylum for Acehnese

Malaysia will not give political asylum to Acehnese who attempt to enter the country following military tensions in the Indonesian province.