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August 25, 2018 7:12 AM Business as usual for Australian economy under new PM

SYDNEY: Scott Morrison is respected by investors and his elevation to Australian prime minister is a good outcome, analysts say, with the latest bout of political instability unlikely to hurt the economy. The 50-year-old outgoing treasurer took the top job after a Liberal Party revolt instigated by hardline conservatives, led by Peter Dutton, to unseat 41

August 21, 2018 4:06 AM Malaysia’s labour productivity grew 3.7% in Q2

PETALING JAYA: Malaysia's labour productivity rose 3.7% year-on-year in the second quarter of 2018, after registering 4.3% growth in the preceding quarter, according to Department of Statistics Malaysia (DOSM). According to DOSM, the report presents statistics on labour productivity per hour worked and labour productivity per employment by kind of economic 21

August 10, 2018 6:36 AM Malaysia's IPI grows 1.1% in June, mining down 9.4%

PETALING JAYA: Malaysia's Industrial Production Index (IPI) growth moderated to 1.1% in June 2018 compared with the same month a year ago, due to a contraction in mining output. According to the Department of Statistics, the growth in June was supported by an increase in the manufacturing (+4.5%) and electricity (+3%) sectors, while the mining index 34

August 2, 2018 9:52 AM National Land Code must be amended to stop foreigners from owning land: Xavier

KUALA LUMPUR: The National Land Code must be amended to stop foreigners from owning land in the country, said Water, land and Natural Resources Minister Dr A. Xavier Jayakumar (pix). Xavier Jayakumar said at present under Section 433B of the Code, the State Authority had the authority and right to give approval to foreigners to own land. "If we want to do something 17

July 31, 2018 12:55 PM June Producer Price Index up 0.1% year on year

PETALING JAYA: Malaysia’s producer price index (PPI) for local production rose 0.1% on a year-on-year basis in June 2018 as compared to a decrease of 0.4% in May 2018, according to the Statistics Department. Among the sectors which increased during this period were mining (33.1%) and electricity and gas supply (1.3%), the department said. It said the index 27

July 24, 2018 1:21 PM FDI inflows down 12.8% in 2017

PETALING JAYA: Malaysia’s net inflows of foreign direct investment (FDI) fell 12.8% to RM41 billion in 2017 from RM47 billion in 2016, according to the Department of Statistics. The FDI flows were mainly channelled in services sector, particularly in real estate, financial and insurance/takaful; and information and communication activities. Mining and quarrying 16

July 20, 2018 6:32 AM Job vacancies drop 12.7% in Q4 2017: Statistics Department

PETALING JAYA: Job vacancies registered a negative growth of 12.7% year-on-year in the fourth quarter of 2017 (Q4 2017) to 206,000, compared with 236,000 in the previous corresponding quarter, according to Department of Statistics (Dos). The jobs created also declined by 8.5% to 30,000 in Q4 2017 from 33,000 in the same period a year ago, it said in its maiden 15

July 11, 2018 4:05 PM Now, only one licence required for oil & gas exploration, prospecting and mining in Sarawak

PETALING JAYA: The Sarawak State Assembly has passed the Oil Mining (Amendment) Bill 2018 which requires only one licence for exploration, prospecting and mining of oil and gas, a move which Sarawak feels will encourage more investments into the state. According to the Hansard of that day’s sitting, Sarawak Deputy Chief Minister Datuk Amar Awang Tengah 18

June 24, 2018 2:14 AM Premonition of tragedy? Drowning victim had entrusted pet hamster to sibling

JOHOR BARU: Nine-year-old Mohammad Affiq Afnan Abdur Razzaq (pix), one of the two drowning victims at the old mining pond in Taman Suria here today, might have had a premonition of the tragic incident because he had entrusted the care of his pet to his younger sibling before their swimming trip. His foster father Shamsuddin Abdullah, 47, said Mohammad 14

June 24, 2018 1:18 AM Girl drowns, boy missing in swimming tragedy

JOHOR BARU: A swimming outing by seven friends at an old mining pond in Taman Suria here today turned into tragedy when one of them drowned and another is missing. The victims in the 5pm incident were identified as Norfifi Alisha Natalia Afidan Shah, 12, and Mohammad Affiq Afnan Abdul Razzaq, nine. They had gone swimming at the pond with Norfifi's brother 14