Hong Kong tightens restrictions due to COVID-19 resurgence
HONG KONG - Hong Kong tightened social distancing measures on July 9 to combat a fresh COVID-19 outbreak in a city that had largely managed to quash local...
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Malaysia’s economic recovery likely on Dewan Rakyat’s agenda when it convenes next Monday
KUALA LUMPUR - The Dewan Rakyat which will convene next Monday is likely to discuss Malaysia’s economic recovery and the charting of the country’s future as it slowly...
Banks’ credit assessment now looking at borrowers’ COVID-19 mitigation plans
KUALA LUMPUR - The banking institutions, according to Bank Simpanan Nasional Bhd’s (BSN) chief business officer Mujibburrahman Abdul Rashid, are now looking at the borrowers’ future strategies especially...
Wholesale, retail trade rebounds 26.3% to RM84.4b in May
KUALA LUMPUR - Wholesale and retail trade rose by RM17.5 billion or 26.3% month-on-month (m-o-m) to RM84.4 billion in May 2020 compared to April 2020, as reported on...
COVID-19 causes deeper contraction on APEC economies
The COVID-19 pandemic is causing a deeper contraction to the Asian Pacific economies, said the APEC Policy Support Unit. A new updated report from the unit finds that...
Banks cut base rates by 0.25% following BNM’s OPR reduction
KUALA LUMPUR - Malaysian banks have announced a 25 basis points (bps) cut in their base rate (BR) and base lending rate (BLR) following the 25 bps reduction...
First time home buyers are backing out, making rental first option
KUALA LUMPUR - The Bank Negara cut the overnight policy rate (OPR) by 25 basic points again, which is not expected to stimulate real estate sales. SPEEDHOME believes...
SC cautions investors on the usage of Crypto ATMs
KUALA LUMPUR - The Securities Commission Malaysia (SC) cautioned the public against the usage of Crypto Automatic Teller Machines (Crypto ATMs), it said in a note yesterday. Crypto...
Leveraging technology to enhance customer experience
The customer has become increasingly influential in determining businesses’ strategies and shaping their reputations across the globe. For Southeast Asia’s SMEs in the retail and hospitality sectors, focusing...
0% financing programme launched to support SMEs in Malaysia
KUALA LUMPUR - Cisco has launched a new financing programme to help small and medium enterprises (SMEs) in Malaysia purchase its products at 0% interest, with no upfront...
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