KUALA LUMPUR, June 29 — The ringgit opened lower against the US dollar in early trading today in a cautious mode as the greenback remained strong as a safe-haven currency amid fears of a second wave of Covid-19.

KUALA LUMPUR, June 26 — The Covid-19 pandemic will accelerate the adoption of automation by firms and organisations across the region, according to a new policy brief by the Asia Pacific Economic Cooperation (Apec) Policy Support Unit and The Asia Foundation titled “Covid-19, 4IR and the future of...

KUALA LUMPUR, June 26 — DRB-Hicom Bhd has recorded a net loss of RM173.27 million in the first quarter (Q1) ended March 31, 2020.

KUALA LUMPUR, June 25 — Petronas Gas Bhd expects the prevailing market challenges and uncertainties will not have an impact on its performance as the majority of its businesses are supported by long-term contracts and stable revenue stream.

KOTA KINABALU, June 25 — The Bumiputera Agenda Steering Unit (Teraju) should be more proactive in its efforts to enhance digital economy skills among entrepreneurs, especially the ones in Sabah.

KUALA LUMPUR, June 25 — Malaysia’s economy is projected to contract by 3.1 per cent in 2020 due to a sharp slowdown in economic activities caused by the Covid-19 pandemic, and the country is expected to resume growth in 2021 at 6.9 per cent as the outbreak eases, said the World Bank.

SINGAPORE, June 25 — Southeast Asian ride-hailing and payments company Grab said it had put a partnership with scandal-hit Wirecard on hold, days after the German payments firm disclosed a RM9 billion (US$2.1 billion) financial hole that threatens its future.

SINGAPORE, June 25 — Millions of dollars of oil stored in tanks and ships in Asia and Europe has become caught in a web of lawsuits related to trade and financing deals by Singapore's Hin Leong Trading (Pte) Ltd, according to court documents and shipping data.

KUALA LUMPUR, June 24 — With the Recovery Movement Control Order (RMCO) in full effect, Sunway Pyramid is bringing the mall to shoppers who prefer to get their essentials from the comfort of their home via the expansion of its ‘Order and Collect’ campaign.

KUALA LUMPUR, June 24 — Malaysia leads other countries in Southeast Asia in the usage of mobile/digital wallets at 40 per cent, ahead of the Philippines (36 per cent), Thailand (27 per cent) and Singapore (26 per cent), according to a Mastercard Impact Study 2020.

KUALA LUMPUR, June 23 — The Ministry of Home Affairs’ (MOHA) proposal to allow illegal immigrants detained at the Immigration detention centre to be employed by local employers could help deal with the shortage of labour in the construction sector, says Malaysian Bumiputera Contractors Association (PKBM) president Datuk Azman Yusoff.

KUALA LUMPUR, June 23 — Malaysia supports the commitment by all participating countries in the Regional Comprehensive Economic Partnership (RCEP) to sign the free trade deal by this year, the International Trade and Industry Ministry (Miti) said.

KUALA LUMPUR, June 23 — The government has paid out RM40 million to 40,000 recipients of Bantuan Prihatin Nasional (BPN) cash aid through Bank Simpanan Nasional (BSN) branches nationwide between June 12 and 19, said Finance Minister Tengku Datuk Seri Zafrul Aziz.

KUALA LUMPUR, June 23 — The government has been informed that there are employers who did not channel the money provided under the Prihatin Rakyat Economic Stimulus Package's (PRIHATIN) Wage Subsidy Programme to their workers, hence violating the conditions set.

KUALA LUMPUR, June 23 — The country’s debt level could hit the statutory limit of 55 per cent of gross domestic product at the end of the year from 52 per cent currently following the implementation of measures to save lives, protect livelihoods and stimulate the economy, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said today.

KUALA LUMPUR, June 23 — The wage subsidy programme, which was implemented by the government to address Covid-19 and its impact on the country's economy, has saved 2.4 million jobs, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.

KUALA LUMPUR, June 23 — Global consumption of palm oil will fall this season for the first time on record as a coronavirus-led recession slashes demand for edible oils and fats, leading industry analyst Thomas Mielke said on Monday.

KULAI, June 22 — The engagements sessions to discuss improvements to the 12th Malaysia Plan (12MP) involving ministries, state governments and agencies are expected to complete before the parliament session next month.

JAKARTA, June 19 — Around 6.4 million Indonesians have lost their jobs due to the impact of the coronavirus pandemic and new rounds of layoffs are likely to hit Southeast Asia's biggest economy by August, the country's chamber of commerce and industry (Kadin) said.

SINGAPORE, June 19 — The recovery in Asia's demand for oil remains fragile despite the reopening of economies across the region, as a second wave of coronavirus outbreaks could hit consumption again, the outgoing head of Petroliam Nasional Bhd (Petronas) said.