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September 5, 2018 6:58 AM Malaysia’s exports rise 9.4% to record high of RM86.1b in July

PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics. Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic 14

September 4, 2018 12:34 PM EPF: Rise in approvals for flexible withdrawals in Q2

PETALING JAYA: The Employees Provident Fund (EPF) reported that 40% more contributors reaching the age of 55 and 60 in the second quarter of 2018, opted to retain part of their savings with EPF to earn dividends. There was a 48.65% increase to 67,969 (RM2.92 billion) approved applications for “Age 55 Flexible Withdrawal” in the second quarter, compared 11

September 3, 2018 10:53 AM One out of two Malaysians fat, Dewan Rakyat told

KUALA LUMPUR: Obesity and non-communicable diseases (NCDs) in the country have reached a worrying level and on the rise, the Dewan Negara was told today. Health Minister Dr Dzulkefly Ahmad said the Health and Morbidity Survey conducted by the ministry found that one out of two Malaysians were overweight or obese. "The survey also found 17.5% suffered 5

August 30, 2018 5:36 AM Petronas ups dividend payout to RM24b for 2018 as Q2 profit nearly doubles

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) announced today a higher dividend payout of RM24 billion to the federal government this year after its net profit leaped 94% for the second quarter ended June 30, 2018. This represents a 50% rise compared with the RM16 billion dividends last year. Petronas' net profit stood at RM13.6 billion for the April-June 7

August 29, 2018 11:53 AM Economic crime in Malaysia on the rise: PWC survey

KUALA LUMPUR: Economic crime in Malaysia has risen over the last two years, consistent with the global trend, according to PwC's Global Economic Crime and Fraud Survey 2018. Of the respondents, 41% experienced such crime compared with 28% in 2016, PwC said in a statement, adding that organisations were still not taking sufficient measures to protect 8

August 24, 2018 10:18 AM TM, UEM Sunrise scrap plans for KL high rise project

PETALING JAYA: Telekom Malaysia Bhd (TM) and UEM Sunrise Bhd (UEMS) have decided to cancel the proposed development of a high rise mixed development along Jalan Raja Chulan in Kuala Lumpur. In a filing with Bursa Malaysia, TM said the parties have mutually agreed for the joint land development agreement (JLDA) to be rescinded upon expiry of the extension 12

August 23, 2018 7:20 AM Margma: Exports revenue for rubber glove expected to rise 16% to RM18.8b this year on strong global demand

PETALING JAYA: The Malaysian rubber glove industry is expected to generate RM18.8 billion in export revenue this year, driven by robust global demand. This represents a projected 16% growth compared with the RM16.2 billion made last year. "The global demand for rubber gloves continues to rise and is expected to increase from 232.2 billion gloves in 2017 to 268 billion 12

August 20, 2018 11:03 AM Supplementary budget not needed as fiscal deficit under control: Amiruddin

PUTRAJAYA: The government does not need a supplementary budget for now as the country's fiscal deficit is under control, according to Deputy Finance Minister Datuk Ir Amiruddin Hamzah. He said a well managed and sustainable fiscal deficit would strengthen Malaysia's economy and the country will not need to borrow again. "We would not need a supplementary 11

August 20, 2018 7:32 AM Latest quake claims 10 lives on Indonesia's Lombok island

JAKARTA: Ten people died and 24 were injured in a strong earthquake Sunday night on Lombok island, which is currently recovering from several quakes earlier this month that had claimed over 400 lives. Sunday night's 6.9-magnitude quake, which occurred at about 8pm (9pm in Malaysia) triggered 101 aftershocks, nine of them exceeding magnitude five on the Richter 8

August 19, 2018 11:47 AM A history lesson on Malaysia-China relations for Mahathir

Today, Tun Dr Mahathir Mohamad said Malaysia and China have had relations for 2,000 years. That would more or less have been during the height of the Roman Empire and around the time of the birth of Jesus Christ. Actually, Malays first went to China to trade around 300 BC, which means 200 years before the rise of the Roman Empire. China first started 18