SME News
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2020-05-08
Standard Chartered Malaysia cuts base rate by 50bps effective May 14
KUALA LUMPUR (May 8): Standard Chartered Malaysia (StanChart) has announced that it will be lowering its base rate and base lending rate by 50 basis points to 2.52% and 5.7% per annum respectively, effective May 14. In a statement today, Sta...
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2020-05-06
CMCO chaos erupts: It’s you who must pay – employers up in arms at Muhyiddin’s sudden order they foot the RM1 billion bill to test workers for covid-19
The Malaysian Employers Federation (MEF) today insisted that the government should bear the estimated costs of over RM1 billion to perform a mandatory Covid-19 screening on all foreign workers in the country. MEF president Shamsuddin Bardan said i...
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2020-05-05
Don’t deport documented foreigners for MCO violation, Immigration urged
PETALING JAYA: A lawyer has urged the Immigration Department to stop deporting documented foreign workers punished for violating the movement control order (MCO) to check the spread of the Covid-19 virus. Balakrishna Balaravi said MCO offenders we...
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2020-05-05
State govts may be sued if they don’t comply with CMCO
KUALA LUMPUR: The reluctance of several state governments to fully comply with the Conditional Movement Control Order (CMCO) and reopen most economic sectors in their respective states could expose them to lawsuits from industry players. In issuin...
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2020-05-05
Sharp spike in job losses due to Covid-19
THE risk of more job losses and salary cuts increases with a prolonged Movement Control Order (MCO) and any recovery could take at least 12 months, warned economists. Grant Thornton Malaysia PLT country managing partner Datuk NK Jasani said the he...