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KUALA LUMPUR: Malaysia is set to cut its benchmark interest rate to its lowest level on record as it seeks to support the reopening economy amid soaring unemployment and the threat of recession.
KUALA LUMPUR: The Budget 2021 proposals to be unveiled on Nov 6, will be framed across four broad themes -- caring for the people, steering the economy, sustainable living and enhancing public service delivery, according to Finance Minister Tengku Datuk Seri Zafrul Aziz.
LONDON: The UK’s dominant accounting firms must separate their audit units from their other operations by June 2024 as the country’s industry watchdog reacts to shortcomings that led to the collapse of several companies.
PUTRAJAYA,: The government's top priority during the Recovery Movement Control Order period is to ensure that the economy is back on the right track through the economic stimulus packages and assistance, according to Prime Minister Tan Sri Muhyiddin Yassin.
GEORGE TOWN: Thong Guan Industries Bhd’s revenue for the 2020 financial year is likely to exceed the RM1bil mark, as the company is adding new production lines to increase revenue.
LAST week, the Finance Minister was quoted as saying that the country’s debt to GDP level could hit the 55% mark by year-end from the current 52% level.
KUALA LUMPUR: Bank Negara is expected to cut interest rates to a historic low next week, according to a slim majority in a Reuters poll, as it seeks to protect Malaysia’s economy from the fallout of the coronavirus pandemic.
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has urged small and medium enterprises (SMEs) and those who are facing difficulties in repaying their loans once the moratorium ends on Sept 30,2020 to discuss with and seek advice from their banks.
KUALA LUMPUR: Malaysia's central bank is expected to cut interest rates to a historic low next week, according to a slim majority in a Reuters poll, as it seeks to protect Southeast Asia's third largest economy from the fallout of the coronavirus pandemic.