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January 17, 2018 4:29 AM Socio-Economic Research Centre sees GDP growth moderating to 5.1% in 2018

KUALA LUMPUR: The Malaysian economy is expected to moderate to 5.1% this year due to the high base effect from 2017, said the Socio-Economic Research Centre. Its executive director Lee Heng Guie projected GDP to have grown 5.8%-6.0% in 2017. He also expects a 25-basis-point rate hike by the central bank next week. "Our baseline call is 25 basis points 8

January 15, 2018 5:38 AM Labour force participation and unemployment rates drop in November

PETALING JAYA: Labour force participation and unemployment rates for the month of November dropped a percentage point compared with October 2017, according to Department of Statistics. Labour force participation rate stood at 67.9% for the month, while unemployment rate was at 3.3%. The labour force stood at 15.04 million, while unemployment was at 505,100. Those 10

January 12, 2018 2:42 PM Berlusconi throws flat tax plan into election campaign

Italy's former prime minister Silvio Berlusconi attends a news conference in Rome in this November 25, 2013 file photo. — Reuters picMILAN, Jan 12 — A promise of a flat tax by former prime minister Silvio Berlusconi today sparked sharp reactions from opponents ahead of a general election and head-scratching among economists. Campaigning ahead of a general 9

January 12, 2018 3:34 AM Interest rate hike a mild booster to bank’s earnings, says research firm

Bank Negara’s aggressive tone is said to hint at a potential review of monetary accommodation. — Picture by Yusof Mat Isa KUALA LUMPUR, Jan 12 — AmInvestment Research is projecting one to two rate hikes with 25 basis points (bps) each for this year which will be mildly positive on bank earnings. The research firm, in a Aminvestment Bank report, said Bank Negara’s 9

January 12, 2018 1:46 AM Hundreds caught for abusing LRT and MRT concession cards

During random inspections carried out by operator Rapid KL at LRT and MRT stations, it is found that users have been abusing the LRT and MRT concession cards. — Picture by Yusof Mat IsaPETALING JAYA, Jan 12 ― Some 377 Light Rail Transit (LRT) and Mass Rapid Transit (MRT) users have been using concession cards meant for the students, elderly and disabled 4

January 6, 2018 4:57 AM Singapore to remove Woodlands entry toll on Feb 1

SINGAPORE: Singapore will remove from Feb 1 the toll charges for all vehicles entering the republic via the Woodlands Checkpoint and reduce the charges for vehicles leaving the country at that exit, according to the Land Transport Authority (LTA). The current toll charges for vehicles entering Singapore via Woodlands are S$2.70 (for cars), (RM8.13) S$4 (vans/light 9

January 5, 2018 9:21 AM Govt will continue to upgrade facilities at cluster hospitals: Dr Subramaniam

ALOR GAJAH: The public will soon enjoy improved facilities, less congestion and comfort following the Health Ministry's initiative to upgrade all 46 cluster hospitals nationwide. Its minister Datuk Seri Dr S. Subramaniam said improvements in cluster hospitals would be reviewed from time to time as it would be more cost-effective than constructing new hospitals 7

January 3, 2018 3:10 PM Singapore Airlines ranked among safest carriers for 2018

SINGAPORE: Singapore Airlines (SIA) is one of 20 airlines deemed the safest in the world for 2018, according to aviation analysis website AirlineRatings.com. The 20, in alphabetical order, are: Air New Zealand, Alaska Airlines, All Nippon Airways, British Airways, Cathay Pacific Airways, Emirates, Etihad Airways, EVA Air, Finnair, Hawaiian Airlines 13

January 3, 2018 9:20 AM Three-year free maintenance for all VW cars now

VOLKSWAGEN Passenger Cars Malaysia (VPCM) today entered 2018 with the introduction of a free three-year/45,000km (whichever comes first) maintenance programme. All Volkswagen cars registered from 1st Jan 1 are eligible, regardless of model. VPCM managing director, Erik Winter, said that the three-year free maintenance programme on Volkswagen cars will help provide 8

January 1, 2018 1:32 AM Saudi Arabia hikes gasoline prices

Saudi Arabia was set to raise local gasoline prices on January 1, 2018. — Reuters file picDUBAI, Jan 1 — Saudi Arabia was set to raise local gasoline prices today, state news agency SPA reported. The initiative, aimed at more efficient energy use, coincides with an ambitious reform plan to boost sources of revenue and wean the world’s top crude exporter 11