Accolades proof that Malaysia not a failed state

KUALA LUMPUR: Numerous accolades and support expressed by other countries are proof that Malaysia is not a failed government as claimed by certain quarters. Senior Foreign Minister Datuk Seri Hishammuddin Hussein said Malaysia also received various contributions by its allies as a show of appreciation. “If we are a failed country, I don’t think we would have received accolades and appreciations. Evidently, we have received contributions from other countries, especially Covid-19 vaccines,” he told reporters after the handing over of Saudi Arabia Covid-19 aid to Malaysia at the Institute of Strategic and… Read More

Bursa Malaysia ditutup tinggi

KUALA LUMPUR: Bursa Malaysia ditutup tinggi sedikit hari ini, dirangsang oleh kegiatan membeli ketika harga saham murah meskipun terdapatnya sentimen bercampur-campur dalam persekitaran pasaran serantau. Pada jam 5 petang, indeks penanda aras FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 2.07 mata kepada 1,514.60 berbanding penutupan semalam (Isnin) iaitu pada 1,512.53. Indeks utama dibuka 3.20 mata lebih tinggi pada 1,515.73 dan bergerak antara 1,511.85 dan 1,517.39 di sepanjang sesi urus niaga hari ini. Bagaimanapun di pasaran meluas, kaunter rugi mendahului untung dengan 657 berbalas 326 manakala 444 kaunter tidak berubah, 799 tidak diniagakan… Read More

Covid-19 prompts Fitch Solutions to slash Malaysia’s 2021 real household spending growth forecast to 3% from 11%

KUALA LUMPUR (July 22): Fitch Solutions Country Risk and Industry Research has slashed its real household spending growth forecast for Malaysia for 2021 to 3% year-on-year (y-o-y), from the previous forecast of 11% y-o-y, due to the Covid-19 pandemic and related lockdown measures. In a note, the research house said while it still holds a positive outlook for Malaysian consumers this year, it had to cut its consumer spending forecasts for the year as a result of surging cases and the re-implementation of stricter restrictions on movement and non-essential retail. “While still positive,… Read More

MAB could incur heavy losses over the sale of A380s

KUALA LUMPUR: Malaysia Airlines Bhd (MAB) may incur significant losses if it sells its entire fleet of its Airbus A380s, as the current value is already low due to tepid demand and abundant supply for used super jumbo aircraft in the midst of the ongoing economic and health crises. Market observers warned that the national carrier would not be able to receive an attractive valuation on the sale of the A380 due to the weakening demand for air travel, thanks to the global lockdown imposed by countries to curb Covid-19 infection. An… Read More