Bank promises customers business as usual
PUBLIC Bank and Public Islamic Bank are operating as usual during the movement control order (MCO) until March 31. Public Bank managing director Tan Sri Tay Ah Lek said, “With directives under the MCO and to fulfil its obligation as a financ...
Sarawak CM announces RM1.15bil aid package
KUCHING: Sarawak has announced a RM1.15 billion Stimulus Package to help the people in the state face the economic uncertainties brought about by the Covid-19 outbreak and restrictions during the Movement Control Order (MCO). Chief Minister Datuk ...
Nearly half EPF contributors won’t have enough to last a year, warns KRI economist
KUALA LUMPUR, March 23 — Nearly half of contributors have insufficient savings to outlast the economic fallout wrought by the Covid-19 pandemic despite the government’s move to unlock RM40 billion from the Employees Provident Fund (EPF), ...
Semiconductor industry to be significantly hit
KUCHING: The Coronavirus Disease 2019 (Covid-19) is affecting China and is fast spreading across Asia, Europe, and US. In addition to the human cost of life, the impact of the spread of the virus on the global economy is only beginning to be appre...
Global economy continues to slide as pandemic worsens
KUALA LUMPUR: A sharp contraction of the global economy, at least in the second quarter, appears imminent, Moody’s Investors Service said. Uncertainty will remain for at least several months as to how long it will take to contain the spread ...