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GOVT WAGE SUBSIDY TO THE RESCUE
THE Wage Subsidy Programme was introduced by the Perikatan Nasional Government to assist employers economically impacted by Covid-19, to ensure they would be able to continue operating their businesses and to prevent workers from losing their jobs.
Errant contractor faces the music
JOHOR BARU: A couple were forced to take unpaid leave from their jobs to settle matters after the contractor hired to renovate their house failed to complete the job within the stipulated time.
Helping business reach consumers
HOMEGROWN parcel delivery giant GD Express Carrier Bhd’s (GDex) has been steadfastly serving customers in the country for the past two decades. Its early investors, too, have enjoyed spectacular returns since GDex’s listing in 2005.
Total vehicle sales up for third consecutive month in August
PETALING JAYA: Total vehicle sales continued its upward trajectory for the third consecutive month this year in August, rising 3% to 52,800 units from 51,148 units in the previous corresponding period, as the government’s tax exemptions and aggressive promotional campaigns by automotive companies continued to drive sales.
Airline CEOs plead with White House to avert looming US job cuts
WASHINGTON: White House Chief of Staff Mark Meadows met with major airline chief executives on Thursday as the industry braces for thousands of job cuts in two weeks, and urged lawmakers to embrace a US$1.5 trillion coronavirus aid package proposed by a bipartisan congressional group and endorsed by President Donald Trump.
Are stocks losing some of their liquidity momentum?
THE volatile market action over the past 24 hours shines a spotlight on an important question for investors: Have markets lost part of the liquidity anchor that not only allowed them to brush off a number of negative influences but also pulled stocks higher to one record after the other?
TM claims it didn’t drop Unifi upload speed, blames misprint
Telekom Malaysia said there has been 'no change to the upload speed configuration' of its 500Mbps (megabits per second) Unifi plan, contrary to online reports that claimed the company reduced the upload speed from 200Mbps to 100Mbps.
Yinson-Sumitomo gets US$400m financing for FSPO Anna Nery
KUALA LUMPUR: Yinson Holdings Bhd and its project partner, Sumitomo Corporation, have entered into a US$400mil bridge loan financing agreement for the FPSO Anna Nery Project, a floating, production, storage and offloading (FPSO) vessel for the Marlim revitalization project in Brazil.
Thailand's NESDC to inject Bt50-bln stimulus into economy from October
BANGKOK, Sepr 18 (THE NATION/ANN) - The National Economic and Social Development Council (NESDC) has eased fears of a delay in the disbursement of a Bt400-billion economic stimulus package due to the Covid-19 situation, saying the Cabinet had already approved the first portion of the budget of Bt50 billion.
Alibaba deepens push into enterprise services with cloud-enabled mini computer
Cloud computing was Alibaba’s second-biggest revenue contributor last quarter, with sales growing 59% to US$1.8bil. The computer packs enough power to cut the rendering time of one frame of high resolution animation from 90 minutes down to 10 minutes.
