KUALA LUMPUR (Oct 21): A total of 460,031 people had sought financial advice from Bank Negara Malaysia's Credit Counselling and Debt Management Agency as at July 2016.

The figure had risen from 32,157 participants in 2007, according to the Finance Ministry's 2016/2017 Economic Report.

Malaysia tackles rising consumer debt defaults

KUALA LUMPUR (Oct 21): The Government's 1Malaysia People’s Aid disbursement amounted to RM5.4 billion as at September 2016 to offer financial help to low-income households and single individuals.

The programme is also known as Bantuan Rakyat 1Malaysia (BR1M). The scheme is among measure...

RM5.4b in BR1M distributed to bottom 40% households in 2016

KUALA LUMPUR (Oct 21): Houses in Malaysia are considered "seriously unaffordable" based on the International Housing Affordability Survey standards.
 
According to the Finance Ministry's 2016/2017 Economic Report, the survey states that an affordable housing market is one with ...

Malaysia's housing market 'seriously unaffordable'

KUALA LUMPUR (Oct 21): The Government's 1Malaysia People's Aid programme had increased private consumption by an average of 7.1% between 2012 and 2015 as lower-income households' higher disposable income allowed them to consume more.

The 1Malaysia People's Aid is also known as Bantuan R...

Malaysia's BR1M increases private consumption

KUALA LUMPUR (Oct 21): Malaysia's fiscal deficit is projected to fall to 3% of gross domestic product (GDP) in 2017, in line with previous official guidance.

"The government through various fiscal consolidation measures has successfully reduced the fiscal deficit from 6.7% of GDP in 200...

Malaysia commits to 3% fiscal deficit target for 2017

KUALA LUMPUR (Oct 21): The cost of servicing Malaysia's federal government debt is estimated to rise to RM28.87 billion in 2017 or 13.1% of projected government revenue and 13.4% of operating expenditure next year.

Debt service charges which "must be served before all other commitments"...

Debt service charges rise to RM28.9b or 13.1% of govt revenue

KUALA LUMPUR (Oct 21): Malaysia's domestic demand is expected to expand 4.9% in 2017 from a year earlier, mainly on private-sector spending as government spending slows.

According to the Finance Ministry's 2016/2017 Economic Report, private sector spending is expected to increase 6.2% o...

 Private sector to drive domestic demand

KUALA LUMPUR (Oct 21): Malaysia's domestic demand is expected to expand 4.9% in 2017 from a year earlier, mainly on private-sector spending

as government spending slows.

According to the Finance Ministry's 2016/2017 Economic Report, private sector spending is expected to incre...

KUALA LUMPUR (Oct 21): High-end manufacturing is expected to spur Malaysia's manufacturing sector to account for a larger portion of the country's economy and workforce. A move towards high-end manufacturing is crucial as the nation faces competition from low-cost producers like China and Vietnam...

Malaysia to move towards high-end manufacturing

Brazil and Malaysia’s collaboration in the semiconductor industry will involve the development of joint initiatives in integrated circuit (IC) design next year, according to sources from the Brazilian Embassy in Malaysia.

Malaysia, Brazil to team up on integrated circuit design in 2025 — Bernama

Tenaga Nasional Bhd (KL:TENAGA) has signed the MY07 Electricity Supply Agreement (ESA) with hyperscale data centre solutions platform and Bain Capital-backed Bridge Data Centres (BDC), according to w.media's report on Friday.

TNB inks electricity supply agreement with Bridge Data Centres — report

Ex-judges who retired before the implementation of the Judges’ Remuneration Amendment Act 2014, which had been declared by the courts as being unconstitutional, have received their arrears in their November pensions.  Meanwhile, those who retired after July 1, 2015, when the Act was gazetted, also received revisions to their pensions, following revisions to their salary scale.

Ex-judges who retired prior to July 2015 have received pension arrears, while rest received salary revision and arrears

Britain's Institute of Directors said on Sunday that optimism among its members had fallen to the lowest since the onset of the Covid-19 pandemic, following tax rises in finance minister Rachel Reeves' first budget on Oct 30.

UK business confidence lowest since Covid pandemic, IoD says

Australia Prime Minister Anthony Albanese said on Sunday that criticism by Elon Musk of Australia's social media ban on children under 16 was the X owner pushing an agenda for the social platform, while indicating he was open to talk to the billionaire about the ban, legislated this week.

Australian PM says Musk pushing agenda for X in social media ban criticism

US lender JPMorgan Chase agreed on Friday to drop its lawsuit against Tesla that accused the electric vehicle maker of "flagrantly" breaching a contract between the two companies in 2014 relating to warrants Tesla sold to the bank.

JPMorgan agrees to drop lawsuit against Tesla over stock warrants

Black Friday spending in US retail stores was muted this year in contrast to a more robust rise online, as bargain-hungry Americans skipped stores in favour of their phones and laptops, according to data from Mastercard and other data providers.

US Black Friday spending at stores inches ahead as Americans spend more online

The Syrian army said on Saturday dozens of its soldiers had been killed in a major attack led by Islamist Hayat Tahrir al-Sham rebels who swept into the city of Aleppo, forcing the army to redeploy in the biggest challenge to President Bashar al-Assad in years.

Syrian rebels sweep into Aleppo, Russia conducts strikes in support of Assad

Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by US authorities that he was part of a US$265 million (RM1.2 billion) bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance.

Gautam Adani breaks silence on US allegations to say his group is committed to compliance

Donald Trump tapped Kash Patel to be FBI director, nominating a loyalist to lead the chief US law enforcement agency — which the president-elect has long derided as corrupt.

Trump picks loyalist ‘deep state’ critic Patel to head the FBI

Former health minister Khairy Jamaluddin and Effendy Shahul Hamid, CEO of group consumer and digital banking at CIMB, both parents of neurodiverse children, are calling upon all Malaysians to recognise, champion and celebrate different abilities and diversity in all its forms and complexities, one individual at a time.

The other brothers

US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff.

Trump demands ‘commitment’ from BRICS nations on using dollar

Donald Trump tapped Kash Patel to be FBI director, nominating a loyalist to lead the chief US law enforcement agency — which the president-elect has long derided as corrupt.

R&amp;F Group Malaysia, a wholly-owned subsidiary of China’s R&amp;F Group, is set to launch the third residential phase, comprising 4,385 units, at its 116-acre R&amp;F Princess Cove development in Johor Bahru in 1Q2025.

Building a landmark in a gateway city

Ex-judges who retired before the implementation of the Judges’ Remuneration Amendment Act 2014, which had been declared by the courts as being unconstitutional, have received their arrears in their November pensions.&nbsp; Meanwhile, those who retired after July 1, 2015, when the Act was gazetted, also received revisions to their pensions, following revisions to their salary scale.