PUTRAJAYA, Sept 29 — A new national poverty line income (PLI) will be introduced next year under the 12th Malaysia Plan (12MP) so that the approach to eradicating poverty is more targeted, said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed.

KUALA LUMPUR, Sept 29 — Containing further transmissions of the Covid-19 virus through effective public health interventions is crucial for economic recovery, the World Bank said.

KUALA LUMPUR, Sept 29 — The total wage subsidy approved to employers under the Wage Subsidy Programme starting April 2020 amounted to RM11.93 billion as at September 18, 2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, Sept 29 — Following a sharper than expected contraction in the second quarter of 2020 (2Q20), the World Bank has lowered Malaysia’s economic growth forecast this year to a contraction of 4.9 per cent, down from an early estimate of -3.1 per cent.

KUALA LUMPUR, Sept 26 — Bursa Malaysia is likely to trade in a cautious mode next week amid lack of positive catalysts, said analysts.

KUALA LUMPUR, Sept 26 — The exponential gains of the glove stocks, which benefited from the health crisis, have put the Malaysian stock market on a strong footing and propelled it to become one of Asia’s most resilient bourses.

KUALA LUMPUR, Sept 23 — Bank Negara Malaysia's (BNM) international reserves amounted to US$104.8 billion as at September 15, 2020.

KUALA LUMPUR, Sept 23 — Malaysia's Consumer Price Index (CPI) declined 1.4 per cent year-on-year (y-o-y) to 120.1 in August 2020 from 121.8 in the same month last year, said the Department of Statistics Malaysia (DoSM).

KUALA LUMPUR, Sept 21 — Small and medium enterprises (SMEs) and micro businesses need more supportive policies to stay afloat, says RAM Ratings.

KUALA LUMPUR, Sept 18 — The Bank of Japan, acting as agent of the Minister of Finance of Japan, and Bank Negara Malaysia (BNM) have signed the second Bilateral Swap Arrangement (BSA) that provides up to US$3 billion for both countries.

KUALA LUMPUR, Sept 16 — The kickstart of Bandar Malaysia will boost business across all sectors as it will be a hub to local and international fronts, says Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

KUALA LUMPUR, Sept 15 — Hartalega Holdings Bhd will not be able to meet the demand for rubber gloves in the next three years with its current production capacity, said its executive chairman, Kuan Kam Hon.

KUALA LUMPUR, Sept 15 — The Ministry of International Trade and Industry (Miti) has introduced several measures and strategies, including tax exemption and investment tax allowance, to speed up the recovery of trade and economic activities from the Covid-19 pandemic, the Dewan Negara was told.

KUALA LUMPUR, Sept 15 — Policies that promote and facilitate health and overall wellness are vital for Asia and the Pacific’s recovery from the Covid-19 pandemic, the Asian Development Bank (ADB) said today.

KUALA LUMPUR, Sept 15 — The optimism over vaccine has continued to bolster the pharmaceutical counters with Duopharma and Pharmaniaga emerging among the top gainers.

KUALA LUMPUR, Sept 15 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

MELAKA, Sept 14 — The government will reinstate its firm and serious commitment to further creating a healthy investment climate in the country.

KUALA LUMPUR, Sept 14 — The Malaysian Aviation Commission (Mavcom) has appointed Raja Azmi Raja Nazuddin as its new chief operating officer (COO) effective September 15.

By Sherilyn Pang THE economic growth of Selangor reported by the Department of Statistics Malaysia (DOSM) in August showed it exceeded the national gross domestic product (GDP) in 2019. Compared to all the other states, Selangor’s GDP grew the fastest at 6.7 per cent, with the federal...

KUALA LUMPUR, Sept 4 — Malaysian state-owned energy giant Petroliam Nasional Berhad said on Friday it would reshape its portfolio after swinging to a quarterly loss in the face of a coronavirus-related demand slump and lower oil prices.