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Analysts remain overweight on Malaysian banking sector

PETALING JAYA: CGS-CIMB has lowered its 2021 loan growth forecast for Malaysia’s banking sector to 2-3% from 4-5%, to match the downward revision in its gross domestic product (GDP) expansion projection for the country from 7.5% to 5% made in February. “We think that the movement control order 2.0 (MCO 2.0) would have an indirect […]

EPF withdrawals trend raises call for retirement reform

MALAYSIANS dipping into their retirement savings to get through the Covid-19 pandemic has raised concern that many will have too little when they retire. The government recently relaxed conditions to withdraw money from the Employees Provident Fund (EPF), the country’s largest pension fund, to help those affected by the pandemic. This has accelerated withdrawals recently […]

Khazanah 2020 profit falls 61% to RM2.9b, declares RM2b dividend to government

KUALA LUMPUR (March 4): Khazanah Nasional Bhd reported today its 2020 profit from operations fell 61% to RM2.9 billion from RM7.4 billion a year earlier against the backdrop of a challenging economy and unprecedented impact on the operating environment caused by the Covid-19 pandemic. Despite the profit drop, Khazanah, which is the sovereign wealth fund […]

Pertarungan JDT, Kedah dapat perhatian PM

KUALA LUMPUR: Aksi hangat Piala Sultan Ahmad Shah antara Johor Darul Ta’zim (JDT) dan Kedah di Stadium Sultan Ibrahim, malam esok turut mendapat perhatian Perdana Menteri, Tan Sri Muhyiddin Yassin. Menerusi satu video di Facebook Liga Bolasepak Malaysia (MFL), Muhyiddin mengucapkan selamat maju jaya buat kedua-dua pasukan itu. “Saya juga nak mengucapkan selamat maju jaya […]

Medvedev ‘dirasuk’ di Rotterdam

ROTTERDAM: Daniil Medvedev tersingkir di pusingan pertama Kejohanan ATP Rotterdam apabila kalah straight set kepada Dusan Lajovic dan mengecilkan peluangnya untuk memintas Rafael Nadal selaku pemain nombor dua dunia. Sementara itu, Andy Rublev berjaya menumpaskan Andy Murray untuk mara ke peringkat 16 akhir. Medvedev yang juga pemain nombor tiga dunia adalah pilihan utama bagi kejohanan […]

Fire Dept hands over Penang Bridge power cable fire report to TNB, no foul play

GEORGE TOWN: The Fire and Rescue Department has identified the cause of the electrical cables fire below the Penang Bridge last month. State director Saadon Mokhtar said they had completed a report on the matter and would hand over the report to Tenaga Nasional Berhad (TNB) today. “We have completed investigations and have identified the […]

Lupakan episod duka di Ferrari – Vettel

LONDON: Sebastian Vettel berkata dia masih yakin dengan kemampuannya untuk meraih kejuaraan dunia Formula Satu (F1) sekali lagi selepas jentera baru Aston Martin diperkenalkan hari ini dan bakal kembali ke petak perlumbaan. Vettel yang juga juara dunia empat kali ketika bersama Red Bull, melalui detik buruk bersama Ferrari selama enam musim dan menamatkan saingan di […]

With relaxation of MCO, Putrajaya says will allow business travellers back into country

KUALA LUMPUR, March 3 — The government is moving to slowly reopen Malaysia to business travellers, after most of the country is slated to enter the recovery movement control order this week. The Malaysian Investment Development Authority (Mida) said Putrajaya welcomes the entry of business travellers to carry out business operations amid the Covid-19 pandemic. […]

MySejahtera now shows vaccine registration progress page

PETALING JAYA: Users will now be able to see the progress of their vaccine registration process on the MySejahtera app after a recent user interface (UI) update. According to the Coordinating Minister for Covid-19 Immunisation Khairy Jamaluddin in a Twitter post, the UI update will be shown to those who have registered and there is […]

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