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KUALA LUMPUR: The 12th Malaysia Plan (12MP), which is scheduled to be tabled on on Aug 6, has been postponed to January next year to enable the government to undertake a review following the impacts on global economy brought on by Covid-19 pandemic.
THERE is a new player in town looking to enter the space previously dominated by online service provider MyEG Services Bhd.
TWO months after returning to the helm of Green Packet Bhd, technology whiz C.C. Puan laid out his vision for the group – to become a digital financial institution of some reckoning.
THE dollar depreciated 1.26% to 99.11 largely due to the month-end rebalancing added with the dovish Federal Open Market Committee (FOMC) meeting after the Federal Reserve (Fed) opened the door for more monetary easing and dampened expectations for a quick economic recovery from the coronavirus crisis.
PETALING JAYA: Fabric manufacturer Sinotop Bhd is set to enter the lucrative government e-services space as it is looking to buy a 40% stake in Dapat Vista (M) Sdn Bhd, the developer of the MyPay portal.
PETALING JAYA: The appetite for non-rated bonds, which was once thought to be “inferior” to their rated counterparts, is fast gaining traction in Malaysia.
THE dollar appreciated by 0.36% to 97.631 following a confluence of factors such as the dovish ECB meeting; higher demand for safe-haven assets as optimism in the US-China trade talks was offset by another round of Brexit saga; and better-than-expected flash PMI data with the October Markit manufacturing PMI preliminary estimate rising to 51.5 points from 51.1 points in September and beating market expectation of 50.7.
THE US dollar depreciated by 0.71% to 97.607 following a confluence of factors.