Penang first waterfront expected to be opened in first quarter of 2021 [ 1m ago ]

BUSINESS News List

Ringgitplus hopes govt limit incentive to e-wallets that disallow cash-out facility

KUALA LUMPUR, Oct 12 -- Ringgitplus.com hopes that the government will limit the incentive to e-wallets that disallow a cash-out facility, in response to the RM30 one-off credit in Malaysians’ e-wallet accounts early next year as announced in the 2020 Budget.

Budget 2020 measures highly relevant to Malaysia's future growth trajectory, says MIA

KUALA LUMPUR, Oct 12-- The establishment of the Special Committee on Islamic Finance (JKKI) will definitely provide further impetus to further promote and develop the Islamic finance (IF) ecosystem and strengthen Malaysia’s leadership as a centre of excellence in IF, said the Malaysian Institute of Accountants.

Fiscal deficit target appears challenging - Standard Chartered

KUALA LUMPUR, Oct 12  -- Although the government remains committed to fiscal prudence over the next few years with a more gradual pace of fiscal consolidation for 2020, it still appears challenging given the lack of revenue space,  Standard Chartered Bank Global Research said today.

Microsoft Malaysia sees education as receiving lion's share of 2020 Budget

KUALA LUMPUR, Oct 12-- Microsoft Malaysia sees the education sector as having received the lion’s share of allocations in Budget 2020 at RM64 billion and aimed at developing future-ready local talent, while empowering education, skill and talent development to provide a solid foundation for the country’s economy.

Construction sector remains as economic driving force - CIDB

KUALA LUMPUR, Oct 12 --  The allowances provided in the 2020 Budget show that the Government prioritises the construction industry as one of the key drivers of the nation’s economic development, Construction Industry Development Board Malaysia (CIDB) chief executive Datuk Ir Ahmad ‘Asri Abdul Hamid said.

NCIA describes 2020 Budget as dynamic, inclusive

GEORGE TOWN, Oct 12 -- The Northern Corridor Implementation Authority (NCIA) has described the 2020 Budget as dynamic and inclusive, while prioritising the prosperity of the people and sustainable growth.

Lowering threshold to clear unsold properties should not detract from focus on affordable housing -- PAM

KUALA LUMPUR, Oct 12 -- The Malaysian Institute of Architects (PAM) says although lowering the price threshold for foreign buyers to RM 600,000  is a good short-term measure to clear existing unsold properties, it should not detract developers from their recent focus on affordable housing for the B40 and M40 segments.