#business and finance

Ringgit opens higher vs US dollar, revisits RM4.19 level

Ringgit opens higher vs US dollar, revisits RM4.19 level

Local note trades at 4.1995/2055 versus the greenback.
KPF members dismayed over delayed payments for share sales

KPF members dismayed over delayed payments for share sales

Fund says facing cash flow problems, will only issue payments periodically.
PM: Reforms underway to ensure better business environment

PM: Reforms underway to ensure better business environment

Anwar says this at a business event in New York. 
Ringgit rises to a nine-month high against the US dollar

Ringgit rises to a nine-month high against the US dollar

It jumped to RM4.35 for one US dollar at 6pm today.
M'sia, US to sign cooperation memo on supply chain early 2022

M'sia, US to sign cooperation memo on supply chain early 2022

Two countries to work together to overcome supply chain challenges.

Malaysia on track to ratify CPTPP - Miti

Malaysia on track to ratify CPTPP - Miti

The agreement is expected to be ratified in Q1 2022.

Selangor records RM22.45b investments from Jan 2020 until now

Selangor records RM22.45b investments from Jan 2020 until now

This includes more than RM12b in foreign investment.

Govt consolidating fiscal position - Zafrul

Govt consolidating fiscal position - Zafrul

This is done through various measures including broadening the tax base, enhancing compliance, etc.

US-listed Chinese companies must disclose government interference risks - SEC official

US-listed Chinese companies must disclose government interference risks - SEC official

This follows China's cybersecurity investigation against Didi just days after its US$4.4 billion New York listing.

Placing TH under BNM an interim solution - Finance Ministry

Placing TH under BNM an interim solution - Finance Ministry

This is until after the RCI on TH is completed and solutions are found.

PM tells businesses to prepare for post-Covid-19 socio-economic transition

PM tells businesses to prepare for post-Covid-19 socio-economic transition

UPDATED 6.58PM | This is as the government rapidly ramps up its vaccination programme.

NGOs call for delay of TH's designation as Islamic financial institution

NGOs call for delay of TH's designation as Islamic financial institution

They say the public should have been consulted before the move was decided upon.

German, Japanese commerce chambers urge PM to re-evaluate approach to Covid-19

German, Japanese commerce chambers urge PM to re-evaluate approach to Covid-19

The groups urge for some sectors to be reopened along with their supply chains in a limited capacity.

Confusion as non-essential factories in EMCO districts get approval to open

Confusion as non-essential factories in EMCO districts get approval to open

UPDATED 12.20PM | An MTUC official says the letters are unlikely to be fake since these are well-established companies.

Why is Bank Negara so coy about moratoriums, asks Sim

Why is Bank Negara so coy about moratoriums, asks Sim

There has been no further information from the central bank on the moratorium announced by the PM.

Reward us for reducing Covid-19 infection numbers, say retail industry players

Reward us for reducing Covid-19 infection numbers, say retail industry players

They say it is unfair for the government to shut down the sector when it managed to significantly reduce case numbers.

Corruption drives up costs, almost 15pct in property development - study

Corruption drives up costs, almost 15pct in property development - study

UPDATED 5.11PM | The study says the costs were then absorbed by buyers down the supply chain.

One in three active construction sites flouting Covid-19 protocols

One in three active construction sites flouting Covid-19 protocols

A total of 150 construction sites have been ordered to shut for flouting SOPs.

Data leak: RHB launches probe, assures customers data safety

Data leak: RHB launches probe, assures customers data safety

Some customers received the bank statements of other individuals in their email.

Govt approved RM1.2b in wage subsidies as at June 4 - finance minister

Govt approved RM1.2b in wage subsidies as at June 4 - finance minister

The aid has been channeled to more than 74,000 employers and benefited more than 645,000 employees.

RM12.12b approved under SME soft loan fund as at June 4 - Zafrul

RM12.12b approved under SME soft loan fund as at June 4 - Zafrul

The fund benefits some 25,680 SMEs.

Trade guilds unclear on recovery plan criterion

Trade guilds unclear on recovery plan criterion

The groups say it is unacceptable that this is still happening as it has been more than a year in the pandemic.

Proton export sales hit 98-month high

Proton export sales hit 98-month high

UPDATED 1.54PM | The growth is powered by demand in key markets both new and old.

Penang cops seize 211 Bitcoin mining machines in raids

Penang cops seize 211 Bitcoin mining machines in raids

The machines are valued at RM100,000 and four men have also been arrested.