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KUALA LUMPUR (Bernama) -- MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery.
KUALA LUMPUR: The federal government has agreed to implement four enhancements to allocations channelled in various forms of grants and support to the state governments for 2021, the Ministry of Finance (MoF) said.
KUALA LUMPUR: The government has approved wage subsidy applications worth RM12.86 billion under the Wage Subsidy Programme 1.0 (PSU1.0) as of April 23, which has benefited a total of 322,177 employers and 2.64 million workers.
Bank Negara Malaysia’s monetary policy committee maintained the overnight policy rate (OPR) at 1.75%, which was in line with economists’ expectations.
Singapore Press Holdings Ltd., which publishes the country’s flagship daily newspaper, plans to spin off its media business into a non-profit entity after conducting a strategic review of its businesses.
KUALA LUMPUR: Hong Seng Consolidated Bhd's unit HS Bio Sdn Bhd has entered into a joint venture with Pow Pocket Sdn Bhd to undertake tender awards from the Johor state government.
KUALA LUMPUR: The ringgit reversed its gains to open slightly lower against the US dollar today, as traders were seen adopting a wait-and-see approach due to the enforcement of the Movement Control Order (MCO) 3.0, a dealer said.
Glove makers dragged the FBM KLCI deeper into the red in early Thursday trading.
SYDNEY: Qantas Airways Ltd said on Thursday it would keep its corporate headquarters in Sydney and low-cost arm Jetstar would retain its head office in Melbourne after reviewing its property portfolio in an effort to cut costs during the pandemic.
NEW YORK: The Dow Jones Industrial Average ended at a record high on Wednesday, driven higher by energy and other economically sensitive sectors, while the Nasdaq closed in red as megacap growth stocks slipped.