Power, Gas Tariff Hikes Postponed

PUTRAJAYA, Jan 20 – The planned increase in electricity and gas tariffs will be postponed, Prime Minister Najib Razak said today. This is aimed at keeping costs low for the manufacturing industry, he said when announcing revisions to Budget 2015. The economic focus overall will be to increase consumption of local goods and

Malaysia Is Net Oil Importer

PUTRAJAYA, Jan 20 – Malaysia is actually a net importer of oil and our economy stands to gain from lower global crude prices, Prime Minister Datuk Seri Najib Razak said today. Despite exporting oil extracted off the east coast of Peninsular Malaysia and also off Sarawak, the volume exported is still less

PM Announces Measures To Strenghten Malaysia’s Economic Resilience

Bismillahir Rahmanir Rahim Assalamualaikum Warahmatullahi Wabarakatuh dan Salam 1 Malaysia YAB Tan Sri Muhyidin Yassin Timbalan Perdana Menteri YB Dato’ Seri Ahmad Husni Hanadzlah Menteri Kewangan Kedua YBhg. Tan Sri Dr. Ali Hamsa Ketua Setiausaha Negara Introduction 1.                  First and foremost, let us express our infinite gratitude towards Allah SWT

Operating Expenditure Reduced By RM5.5 Billion – Najib

KUALA LUMPUR, Jan 20 – The country’s operating expenditure is expected to be reduced by RM5.5 billion by prioratizing on expenditures, said Prime Minister Datuk Seri Najib Razak. In a special announcementon the country’s current economic development earlier, Najib however said that projects which are based on ‘people economy’  will continue. “The allocated Development

‘Malaysia Is Not In Economic Crisis’ – Najib Razak

KUALA LUMPUR, Jan 20 – Following are the essence of the economic modifications and interventions special announcement by Prime Minister Datuk Seri Najib Razak who is also Finance Minister at the Putrajaya International Convention Centre (PICC) today. The current environment / world economic scenario has changed. This impacts the country which

Six Key Takeways On Economy From Najib

PUTRAJAYA, Jan 20 – Malaysia is not in an economic crisis and has the resilience to weather the external storm. This is the main point highlighted by Prime Minister Datuk Seri Najib Razak today during a special address on the current economic developments and the country’s financial position. Growth forecast has

Malaysia Remains As Attractive Employment Sector

KUALA LUMPUR, Jan 20 – A survey on salary prospects for this year showed that Malaysia’s employment sector in Asia has emerged as second in terms of salary increase and related benefits. The 2015 Hays Salary Guide showed that Malaysia’s salary increases was second only to China in the global recruitment

Room To Adjust Government’s Opex, Says HSBC

KUALA LUMPUR, Jan 20 – There is room to adjust the government’s operating expenditure (opex) in line with its commitment to achieve the three per cent fiscal deficit target this year. HSBC Economist for Southeast Asia, Lim Su Sian, said the adjustment was on the backdrop of the impact of falling oil

Penang Hill Car Park Makes Unceremonious Opening

GEORGE TOWN, Jan 20 – The long-awaited multi-storey car park at the bottom of Penang Hill here was open today, albeit unceremoniously, no thanks to an electricity disruption. The disruption occurred a few minutes after the opening ceremony when Chief Minister Lim Guan Eng took the maiden drive up the seven-storey car

Thailand To Buy 50,000 Tonnes Of Palm Oil In February

BANGKOK, Jan 20 – Thailand plans to import 50,000 tonnes of semi-refined palm oil in February in anticipation of a shortage of the commodity due to drought. Deputy Prime Minister Gen. Prawit Wongsuwarn said the National Palm Oil Committee had agreed to the move while related agencies and farmers’ representatives had supported

QZ8501: Basarnas Confirms Recovery Of 53 Remains

KUALA LUMPUR, Jan 20 – The National Search and Rescue Agency (Basarnas) Indonesia has confirmed having recovered a total 53 remains. Of the number, 45 had been identified by the team from the Disaster Victim Identification, Police Department Indonesia (DVI POLRI). AirAsia in the statement here said eight other remains were in the process of

MACC To Meet Anwar On Daim Issue

KUALA LUMPUR, Jan 19 – The Malaysian Anti-Corruption Commission (MACC) will take on opposition leader Datuk Seri Anwar Ibrahim’s offer to assist them in their investigations on former finance minister Tun Daim Zainuddin. Its deputy chief commissioner, Datuk Seri Mohd Shukri Abdull, said in a statement today, the commission also welcomed any

Dr Mahathir Mohamad: Yes, I Support Perkasa’s Views

KUALA LUMPUR, Jan 19 – Tun Dr Mahathir Mohamad has admitted that he supported Perkasa’s views and had not “parted ways” with the Malay right-wing group as reported.‬ The former Prime Minister explained that he supported Perkasa’s views, especially when it came to reacting against extremist views of non-Malays.‬ It was previously reported that

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