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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.
KUALA LUMPUR: Late selling of Public Bank and Maybank pushed the FBM KLCI deeper into the red on Friday but Top Glove and Hartalega helped reduce the losses.
BUTTERWORTH: The construction industry in Malaysia has suffered up to RM11.6 billion in losses every month since the nationwide Movement Control Order (MCO) began on March 18.
KUALA LUMPUR: The value of the loan repayment moratorium by financial institutions since April 1 is estimated at RM85.8bil, according to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
KUALA LUMPUR: Bank Islam Malaysia Bhd has received about 10,000 applications for loan repayment moratorium extension involving the retail segment from August until Monday.
PETALING JAYA: New stimulus packages are needed quickly if the nation’s economic recovery plan is to remain on track, say industry and business players.