Malaysia is poised to keep its benchmark interest rate unchanged today, with stable growth, benign inflation and a strengthening ringgit allowing the central bank to preserve policy ammunition. Bank Negara Malaysia (BNM) is expected to keep the overnight policy rate at 2.75% when it announces its final monetary policy decision for the year, according to…
Opposition Leader Datuk Seri Hamzah Zainudin was coy when he was asked whether he would accept if he was given a chance to be the prime minister of Malaysia. “I am a reluctant politician but if you give me a task, I would do it,” said Hamzah on The Breakfast Grille on BFM89.9. Bersatu had…
CGS International Research revealed that Malaysia gained most tariff exemption from the US compared to its ASEAN counterparts. Over 60 per cent of Malaysia’s exports to the US now have zero-tariff status. Malaysia leads in tariff exemptions. Thailand and Vietnam come in second and third place respectively. “Post the Oct 26 tariff exemptions, our calculation…
Kota Kemuning state assemblyman Preakas Sampunathan revealed that Pertubuhan Kebajikan Integriti Persahabatan Nasional (PKIPN) founder Joseph Prakash had disrupted the preparation for Deepavali Open House event at his constituency on Nov 1. “Joseph and several others disrupted the event setup by making baseless accusations that I do not support the Indian community. He even streamed…
Bandar Kuching MP, Dr Kelvin Yii Lee Wuen has called for more stringent measures to be undertaken to regulate online gaming in the wake of a case that under-aged child harming his sibling in Batu Pahat Johor. Yii who is also political secretary to Human Resources Minister Steven Sim pointed out the need for a…
Hamas has handed over the ostensible remains of three deceased hostages, yesterday evening, to the Red Cross. If the bodies are confirmed to be Israeli hostages, that leaves eight more deceased hostages in Gaza. A statement from Hamas stated that the bodies were recovered from a tunnel. Hamas published a picture showing a body bag…
A total of RM100 million has been allocated by Alliance Bank to assist high impact industries as well as the small medium entrepreneurs in Penang in its first of its kind initiative to assist industry players to embrace sustainable practices. This is a first of its kind initiative to assist industries. Speaking to the press…
Penang state exco for infrastructure, transport and digital Zairil Khir Johari called out the Department of Environment (DOE) for being an impediment to Penang implementing polyvinyl alcohol (PVA) solar panels as it moves towards efficient sustainable energy. “Penang is looking to have floating PVA solar panels. We want to implement it but the DOE is…
Penang has signed a memorandum of understanding Alliance Bank Malaysia Berhad to establish the Climate Mitigation Fund. It is a pioneer state level financing platform that is set to aid the small and medium enterprises and mid tier companies transition towards sustainability. “As Malaysia’s first state-level blended financing platform, the CM Fund will help Penang’s…
Sarawak United People’s Party Youth chief Kevin Lau Kor Jie blasted off celebrity preacher Ridhuan Tee Abdullah’s call to defund Chinese schools if alcohol continues to be served on their premises for private events. Lau said Tee’s remark is “alarming, disruptive and dangerously divisive” and deepen racial polarisation. “This will only create further polarisation within…
