Malaysia headed for economic recovery, says DBS
KUALA LUMPUR (Nov 2): DBS Bank said Malaysia’s economy is starting to recover gradually from the Covid-19 crisis following a tumultuous 2020 and 2021, but is maintaining its growth forecasts of 4% for 2021 and 5% for 2022.
Domestic tourism to bounce back faster, though full recovery only in 2025, says MATTA
KUALA LUMPUR (Nov 2): Local tour and travel agents expect domestic tourism in Malaysia to rebound faster than earlier anticipated as more people become confident to travel, with 95% of Malaysia's adult population fully vaccinated against Covid-19 as of Oct 19 and as new cases continue to fall.
NCT Alliance to revive and complete Phases 2 and 3 of Genting Valley
KUALA LUMPUR (Nov 2): NCT Alliance Bhd (formerly known as Grand-Flo Bhd), through its wholly-owned subsidiary NCT Noble Sdn Bhd (formerly known as Grand-Flo Noble Sdn Bhd) is set to revive and complete the development of Phases 2 and 3 of the Genting Valley project in Batang Kali, Selangor.
New Covid-19 infection wave the main concern — Malaysian Employers Federation
KUALA LUMPUR (Nov 2): Another wave of Covid-19 infections in Malaysia appears to be the main concern for employers in the country at a time when pandemic-driven movement restrictions are less stringent now to support the rejuvenation of the nation’s economy.
MATTA announces return of MATTA Fair, to be held on Nov 20-21
KUALA LUMPUR (Nov 2): The Malaysian Association of Tour and Travel Agents (MATTA) has announced that MATTA Fair — Malaysia’s largest consumers’ travel fair — is back on Nov 20 to 21, 2021 at the World Trade Centre (formerly known as PWTC) Kuala Lumpur.
Budget 2022: Malaysia needs GST to weather turbulence ahead, say experts
KUALA LUMPUR (Nov 2): Panelists at the Malaysian Economic Association (MEA) 2022 Post-Budget Dialogue were mooting for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure under the current tax regime in order to widen the government’s tax revenue base to prepare for turbulent times ahead.
SRC obtains judgment in default against Nik Faisal in US$1.18b suit
KUALA LUMPUR (Nov 1): A judgment in default has been entered against SRC International Sdn Bhd's former CEO Nik Faisal Ariff Kamil, who is reported to be at large, in the company's US$1.
Sarawak deputy chief minister James Masing dies from Covid-19 despite being fully vaccinated
KUCHING (Oct 31): Sarawak Deputy Chief Minister Tan Sri Dr James Jemut Masing died at Normah Sarawak Medical Centre (NSMC), Petra Jaya here at 7.
HBA: Affordable housing measure is a good move but execution also important
PETALING JAYA (Oct 31): The National House Buyers Association (HBA) lauded on government’s move in offering affordable housing to the low income group but also advised that the provision of such housing projects need to be done with thorough research to meet the market needs, said HBA’s honorary secretary general Datuk Chang Kim Loong.
