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Tengku Zafrul: MoF maintains accountability and transparency of financial governance
KUALA LUMPUR: The Ministry of Finance (MoF) is steadfast in maintaining the accountability and transparency of financial governance, and the sole priority during the state of emergency period is the use of all existing policies and legislation to protect the lives and livelihoods of the people.
Government approves RM1.366bil loans under SME initiative of PENJANA
KUALA LUMPUR: The government has approved a total of 7,266 applications for RM1.366 billion in loans under the Small and Medium Enterprises (SMEs) initiative of the National Economic Regeneration Plan (PENJANA) as of March 19, 2021.
Malaysia accepts 14% cost increase in China-led rail project, taking longer route
KUALA LUMPUR: Malaysia said on Monday that it had accepted an increase of nearly 14% in the estimated construction cost for the proposed East Coast Rail Link (ECRL), part of China's Belt and Road Initiative, as the length of the route would be slightly longer.
Cybersecurity M'sia, Celcom & Huawei team up for 5G development
KUALA LUMPUR: CyberSecurity Malaysia (CSM), Celcom Axiata Bhd, and Huawei Technologies (Malaysia) Sdn Bhd have formed an alliance through a tripartite Memorandum of Understanding (MoU) with the objective of understanding, learning, managing, mitigating, and reducing threats related to 5G security.
Widad, Bin Zayed to jointly develop RM40bil Widad@Langkasuka
KUALA LUMPUR: Widad Business Group (WBG) has signed a collaboration agreement with Bin Zayed International (BZI) LLC to jointly develop a mixed development project known as Widad@Langkasuka in Langkawi worth RM40 billion.
Zafrul: Govt to channel RM260m to state govts under Pemerkasa
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the aid would be distributed equally, namely RM20 million to each state for the immediate implementation of small projects to revive the local economy at the grassroots level.
Treasury Pulse - Dollar closed the week stronger, rising 0.20% to 91.86
THE dollar closed the week stronger, rising 0.20% to 91.86 – hovering at a one-week high propelled by higher UST yields – jumping to its highest level in more than a year as rising optimism faster US economic recovery amid fears of higher inflationary pressure overshadowed Federal Reserve’s dovish stance.
SC, Bursa Malaysia grant waivers for companies seeking to list
KUALA LUMPUR (Bernama) -- The Securities Commission (SC) and Bursa Malaysia Bhd is offering a 12-month waiver and rebate on listing-related fees to help reduce the companies’ fundraising cost and provide further financial relief to listed issuers.
Pemerkasa incentive good move to attract local workers, MPOB says
Director-general Dr Ahmad Parveez Ghulam Kadir said the RM30 million to encourage investments in mechanisation and automation and RM20 million for purchase of machinery can help move the industry into mechanisation in its way forward.
Ericsson named leader in 5G technology, ready to help Malaysia
KUALA LUMPUR: Swedish telco giant Ericsson, which has been named as a leader in 5G technology, says its global support centre in Malaysia will be 5G ready to serve the needs of the country and the region.
