Malaysia posts worst retail sales results in 22 years
The retail industry in Malaysia registered its worst performance in two decades last year, contracting by 16.
Malaysia’s 4Q20 retail sales down 19.7%
KUALA LUMPUR (March 8): Malaysia’s retail sales in October to December 2020 (4Q20) contracted 19.
Economists no longer expect BNM to cut rate anytime soon
KUALA LUMPUR (March 5): Economists no longer expect another rate cut after Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) unchanged at 1.
Federal Court says Malaysiakini readers’ comments were ‘scurrilous and irreprehensible’
PUTRAJAYA (March 3): The Federal Court, which today released its written judgement on Malaysiakini’s contempt of court case over comments posted by readers, said the comments were “simply scurrilous and irreprehensible”.
Genting Malaysia’s senior management takes temporary voluntary 20% salary cut, asks staff to consider variation in employment contract based on rank
KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.
Pua urges MoF to focus on claims against former 1MDB auditors after settlement with AmBank
KUALA LUMPUR (March 1): DAP’s Tony Pua has lauded the Ministry of Finance (MoF) for completing the RM2.
GenM clinches RM707m loan for land at Resorts World Casino New York City
KUALA LUMPUR (Feb 25): Genting Malaysia Bhd (GenM) has accepted a US$175 million (RM707 million) loan from US bank Wells Fargo for a piece of vacant land at its Resorts World Casino New York City.
MARC says 2021 investments unlikely to return to pre-pandemic level
KUALA LUMPUR (Feb 24): Malaysian Rating Corp Bhd (MARC), which had recently lowered its 2021 real gross domestic product (GDP) growth projection in Malaysia to 5.
Malaysiakini has paid RM500,000 Federal Court fine
PUTRAJAYA (Feb 23): Mkini Dotcom Sdn Bhd, the company that operates news portal Malaysiakini, had today paid the RM500,000 fine imposed by the Federal Court for contempt of court after Malaysiakini failed to establish that it had no knowledge of five readers comments which were offending to the judiciary.
Govt obtains judgement against 1MDB ex-general counsel Jasmine Loo over RM2.49m in unpaid taxes
KUALA LUMPUR (Feb 23): The Malaysian government through the Inland Revenue Board (IRB) had obtained a judgement in default (JID) at the High Court last week against 1Malaysia Development Bhd's (1MDB) former general counsel Jasmine Loo Ai Swan over her unpaid taxes amounting to RM2.
