#business and finance

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.

Businesses flouting work from home order face closure, fine up to RM50k

Businesses flouting work from home order face closure, fine up to RM50k

The Human Resources Ministry announces that it can now take such actions under the law.

Alcoholic beverage factories ordered to shut, again

Alcoholic beverage factories ordered to shut, again

Ismail Sabri says the approval to open is limited for basic necessities.

Aid package timely but falls short for businesses, say manufacturers' group

Aid package timely but falls short for businesses, say manufacturers' group

Assistance for small and medium businesses, especially those that cannot open, is urgently needed.

COMMENT | PN and PAS forgot about alcohol smuggling and moonshine production

COMMENT | PN and PAS forgot about alcohol smuggling and moonshine production

And consider too that an increase in the sale of bootleg alcohol will cause more deaths than car accidents.

LETTER | Touch and 'no' go

LETTER | Touch and 'no' go

'I was in for a rude surprise when I used the SmartTag lane on my exit at Tangkak.'

'I chose hard road over struggling with my conscience' - Ex-PNB CEO

'I chose hard road over struggling with my conscience' - Ex-PNB CEO

Abdul Jalil says he also faced harassment during his tenure as group CEO and president.

Petronas finds two deepwater oil discoveries in offshore Mexico

Petronas finds two deepwater oil discoveries in offshore Mexico

The two deepwater oil discoveries are from the Polok-1 and Chinwol-1 exploration wells located in the Salina Basin.

OCBC Bank removes RM1 ATM cash withdrawal fee

OCBC Bank removes RM1 ATM cash withdrawal fee

The initiative aims to encourage people to comply with the MCO, says OCBC head of consumer financial services Lim Wyson.

Bank Negara orders banks to grant six-month repayment moratorium

Bank Negara orders banks to grant six-month repayment moratorium

This is for individuals and SMEs, while big companies should be offered restructuring of loans.

RM140b Bandar Malaysia project a rotten deal for the gov't

RM140b Bandar Malaysia project a rotten deal for the gov't

COMMENT | This deal will eventually cost more than 1MDB’s losses of a minimum RM30 billion.

Bandar M'sia now greener, with more 'affordable housing'

Bandar M'sia now greener, with more 'affordable housing'

The project will have 85 acres of green or recreational space, up from 48.6 acres in the original plan.

Should Petronas, worth almost RM1 trillion, be listed?

Should Petronas, worth almost RM1 trillion, be listed?

COMMENT | One hopes, if there is a listing, Malaysians and Malaysian funds are given preference over foreigners.

Malaysia considering selling stakes in Petronas to states: Dr M

Malaysia considering selling stakes in Petronas to states: Dr M

Mahathir says the government cannot meet the demand for a quadrupling of royalties paid by the company to 20 percent of its profit.

Concerns over possible reclamation at Pg island's northern tip

Concerns over possible reclamation at Pg island's northern tip

The northern beachfront is not designated for reclamation under the 2020 Penang Structure Plan.

Felcra to explore iron ore, gold mining with Pahang Dev Corp

Felcra to explore iron ore, gold mining with Pahang Dev Corp

MOU also lists joint commitment to using technology like drones in estates.

Penang's 13.3 billion manufacturing investment 2nd highest among states

Penang's 13.3 billion manufacturing investment 2nd highest among states

This is an increase of 247 percent year-on-year, surpassing 2018’s full year amount of RM5.8 billion.

Federal Court rules developers must pay for late delivery of properties

Federal Court rules developers must pay for late delivery of properties

COMMENT | The Federal Court held that the ad hoc and generous extension of time which developers enjoy is illegal.

Foreign loans taken by gov't at RM29b

Foreign loans taken by gov't at RM29b

Overseas borrowing still below RM35 billion ceiling, says Finance Ministry. 

Ministry hopeful India will be part of economic pact

Ministry hopeful India will be part of economic pact

Minister wants Regional Comprehensive Economic Partnership to be in effect by year-end.