PETALING JAYA: To strengthen the country’s economic resilience, coordinated economic support measures should be implemented to complement the reduction of the Overnight Policy Rate (OPR), says the MCA Economic and SME Affairs Committee. Its secretary, Lee Kah Hing, stated on Wednesday (July 10) that while the OPR cut is a proactive monetary policy decision, more needs...
KUALA LUMPUR: The Dewan Rakyat has convened on Monday (May 5) for a special session on the United States' (US) surprise imposition of retaliatory tariffs on Malaysian exports - a move that has sparked concern across government and industry. Robust debate is expected through this session as Members of Parliament respond to the implications of the...
PETALING JAYA: Business groups and industry players will be closely monitoring the Parliament’s special sitting today, which is set to discuss the impact of US tariffs. The special session will see about 20 lawmakers debating the implications of the United States’ decision on the country’s economy as well as the Malaysian government’s long-term planning and responses...
GEORGE TOWN: Penang will set up a tariff monitoring task force and develop a toolkit to help affected sectors deal with the tariffs announced by the United States. Chief Minister Chow Kon Yeow said the task force will function as a central coordination platform to track trade developments, engage with affected sectors, and inform responsive policy...
PETALING JAYA: The recent minimum wage increase, combined with the planned implementation of Employees Provident Fund (EPF) contributions for foreign workers, poses a significant financial burden for businesses, says the Federation of Malaysian Manufacturers. FMM president Tan Sri Soh Thian Lai expressed concerns that these measures could severely affect operating costs, particularly for companies heavily reliant...
PETALING JAYA: The reduction of 1 sen/kWh from July to December 2024 in ICPT (imbalance cost pass-through) surcharge has been called "minimal" and "disappointing" by the Federation of Malaysian Manufacturers (FMM). FMM president Tan Sri Soh Thian Lai said that despite a decline in coal prices over the past year, the surcharge for commercial and industrial...
KUALA LUMPUR: The three-month Progressive Wage Policy (PWP) pilot project may be extended till June next year, said Steven Sim. "The PWP just opened for registration on 1 June. So far, about 500 companies have registered their interest. "We are targeting about 1,000 companies to participate in the PWP, which will run between June and August," the...
KUALA LUMPUR: The National Industrial Master Plan (NIMP) 2030 will have specific plans to ensure growth in local small and medium enterprises (SMEs) and improve the livelihood of Malaysians, says Prime Minister Datuk Seri Anwar Ibrahim. According to Anwar, the government’s Madani Economy framework and NIMP 2030 were both aligned in their focus to improve lives...
