Continued reforms needed to improve Malaysia’s business environment, says OECD
According to OECD’s third Economic Survey of Malaysia, high unemployment amid the pandemic and weak productivity growth have posed challenges, amid the current crisis.
BNM: Standardised Base Rate to be used as reference rate for retail floating-rate loans from August 2022
“Under the revised Reference Rate Framework, the Standardised Base Rate will be used as the common reference rate for all financial institutions for their new retail floating-rate loans. The Standardised Base Rate will be linked solely to the Overnight Policy Rate (OPR).”
Economists: Job market recovery expected to be slow as Covid-19 persists
The figure was 0.3 percentage points higher than the 4.5% reported for May, which also marks its first increase after four consecutive months of declines.
Malaysia’s jobless rate rises for first time in four months to 4.8% in June
By state, the highest unemployment rate in the quarter was in Labuan (8.8%), Sabah (8.7%), Perlis (5.3%), Kelantan (4.8%), and Selangor (4.4%).
Zahid: Enough Umno MPs have inked declaration letter to show Muhyiddin has lost majority support
Zahid said the Umno Supreme Council, at a meeting today, decided to not defend the Perikatan Nasional (PN) government, which he deemed “has clearly failed in the eyes of the people”.
Nestcon awarded RM25m roadworks subcontract
The subcontract commences today, and is expected to be completed by May 31, 2022.
EcoFirst 4Q net profit surges over 600% on fair value gain
EcoFirst group chief executive officer Datuk Tiong Kwing Hee: The general property sector has been severely affected by the prolonged Covid-19 pandemic and the lockdown measures introduced to contain the spread of infections. We’re not spared from the impact of the pandemic, as the group has to postpone its new launches amidst the reimposition of the Movement Control Order.
MRCB George Kent issues stop work order to contractor after worker killed in scaffolding collapse incident
MRCB George Kent project director Patrick Hwang Chee Leong: We will investigate the fall of scaffolding at the LRT Shah Alam construction site on Jalan Langat, Bandar Baru Tinggi (adjacent to Lotus’s Klang and Premiere Hotel), and will closely monitor the recovery of injured workers and ensure their well-being is prioritized
Putrajaya invites opposition parties to join National Recovery Council
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the decision is in line with the principles of the National Recovery Plan
EMCO in Selangor to be lifted at midnight, says DPM
On the other hand, the government will be enforcing EMCO from July 18 to 31 at 13 localities in Kuantan, and Taman Chengal in Temerloh, Pahang, as well as four localities in Selangor, namely Damai Apartment in Damansara, Jalan Pandan Indah in Hulu Langat, Jalan Batu Nilam in Klang, and Taman Samudera in Gombak
