News by Surin Murugiah

In a statement today, Latheefa said the decision was on her own accord and dismissed speculation that she was pressured to do so.

In a statement March 4, SEMI said the postponement is due to concern surrounding the ongoing international coronavirus (COVID-19) outbreak.

In a note today, the research house said it expects overnight policy (OPR) rate to stay put for the time being after BNM cut OPR by 25 basis points to 2.5% – its second cut this year.

In a statement today, S&P said the country’s political impasse (with the collapse of the Pakatan Harapan government) could undermine the timely implementation of fiscal support measures.

At 9.48am, MAHB was down 2.04% or 14 sen to RM6.71, valuing it at RM11.13 billion.

In a strategy note Feb 27, the research house said the consumer sector will benefit from an optional reduction in minimum employee Employees Provident Fund contribution by 4%-pts to 7% from April 1–Dec 31, 2020.

Malaysia's stimulus package is anchored on three strategies namely mitigating impact of COVID-19, spurring rakyat centric economic growth and promoting quality investments.

"... the PH governing coalition comprising PKR, Amanah, DAP and Bersatu that won the mandate may have different ideologies and aspirations, but made common ground and were bound by the General Election Manifesto agreed to by all."

Reviewing its performance, AME said it recorded higher net profit mainly due to the higher fair value gains on investment properties and higher share of profit from a joint venture, partially offset by the higher administrative expenses and finance costs.

In a bourse filing today, the conglomerate said its quarterly revenue rose to RM10.21 million from RM9.42 billion previously.