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Focus Malaysia
A business weekly– corporate, SMEs, economics, personal wealth & current affairs
Focus Malaysia
24m
A glimpse into what Budget 2022 entails courtesy of Affin Hwang Research
BUDGET 2022, which will be presented on Oct 29, is likely to be expansionary in nature with strategies and measures to further stimulate the economy from the effects of COVID-19 pandemic on the country.It will also act as catalyst on the implementation of the 12th Malaysia Plan (12MP) for the period
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Focus Malaysia
1h
CDC: Booster for people 65 and older, others at high risk
 The Food and Drug Administration authorized a third shot of Pfizer’s COVID-19 vaccine, and the Centers for Disease Control and Prevention OK’d the booster for those over 65 or others at high risk.
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Focus Malaysia
1h
S’gor exco member: 51% Bumiputera rule for freight forwarders makes no sense
SELANGOR exco member Ganabatirau Veraman has questioned the Finance Ministry’s (MOF) move to ask for the equity of 51% of companies to be given to Bumiputeras.“Is it necessary for the MOF to set such conditions? This will force local companies to sell their equities to Bumiputeras and no longer
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Focus Malaysia
3h
ARB launches cloud-based revenue services targeting commercial industry
MAIN Market-listed information technology (IT) software and platform provider ARB Bhd (previously Aturmaju Resources Bhd) expects its self-developed cloud company secretary platform to be a lucrative income spinner for our group in the coming years.The company has recently unveiled the ARB Cloud Cos
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Focus Malaysia
4h
COVID-19: Cases continue to witness downtrend, Selangor still highest
MALAYSIA has logged 13,754 new COVID-19 infections on Thursday (Sept 23), with the cumulative total number of infections now at 2,156,678.In a tweet, Health director-general Tan Sri Dr Noor Hisham Abdullah also announced that 16,628 patients have recovered, with the total discharge now standing at 1
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Focus Malaysia
4h
What to expect on Bursa Malaysia on Friday
BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:Inter-Pacific ResearchMalaysian equities mounted a solid bounce yesterday as bargain hunting activities picked-up pace, particularly from foreign sources.As it is, market sentiments impro
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Focus Malaysia
5h
Minetech rolls out rights issue to commence fundraising exercise series
MINETECH Resources Bhd – as part of its series of corporate exercises – has kick-started its fund raising activities with a renounceable rights issue of up to 582.66 million new irredeemable convertible preference shares (ICPS) at an issue price of 3 sen per ICPS on the basis of one ICPS for eve
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Focus Malaysia
6h
US stock indexes close up more than 1% as investors assess Fed news
US stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates.The Dow Jones Industrial Average rose 506.5 points or 1.48% to 34,764.82, the S&P 500 gained 53.34 points or 1.21% to 4,448.98 while the Nasda
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Focus Malaysia
15h
Malaysian automotive sector likely to see real rebound only in 2022
DESPITE the Malaysian Automotive Association (MAA) reported a monthly rebound of almost 150% in August’s total industry volume (TIV) to 17,500 units (-68% year-on-year [yoy]), analysts are generally wary of the outlook of the automotive sector.Retaining its “neutral” stance on the sector, RHB
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Focus Malaysia
17h
“Capital gains tax for stock gain will make Malaysia less competitive”
ANY decision to impose a capital gains tax on the trading of shares by retail and institutional investors in Bursa Malaysia will be detrimental for the Malaysian equity market.Such move will inevitably make Malaysia less competitive while triggering further outflow of foreign funds, according to CGS
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Focus Malaysia
17h
ICAEW: COVID-19 immunity key to SEA’s economic recovery from Delta variant
THE spread of the highly contagious Delta variant of COVID-19 has cast a shadow on Southeast Asia and limited economic recovery for the region in 2021, especially for countries with low levels of COVID-19 immunity.According to the latest Global Economic Forecast Report from the Institute of Chartere
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Focus Malaysia
17h
MACC fiasco: Establish RCI and relieve Azam Baki off his duties, Pakatan says
PAKATAN Harapan presidential council urged the Government to establish a royal commission on inquiry (RCI) to investigate the Malaysian Anti-Corruption Commission (MACC) and recommend measures to strengthen the agency.“In the meantime, MACC chief commissioner Datuk Seri Azam Baki must be relieved
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Focus Malaysia
18h
Alternative to MySejahtera app needed for those with no smartphones, says MP
THE Government must come up with an alternative to the MySejahtera app that would allow those who do not have a smartphone to adapt to the new normal, said Sandakan MP Vivian Wong.“The Government’s insistence on using the MySejahtera app as the go-to app for all COVID-19-related matters had clea
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Focus Malaysia
19h
Remain apolitical and help nation-building, DAP urges civil servants
IT is important for our current and past civil servants to remain apolitical and defend the sanctity of the Federal Constitution and help the “second wave” nation building, said former Johor DAP chairman Dr Boo Cheng Hau.“Past and present civil servants should also defend our constitutional mo
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Focus Malaysia
20h
Bursa ended broadly higher on bargain-hunting activities
BURSA Malaysia’s key index ended broadly higher as investors took the opportunity to hunt for bargains today, said an analyst.At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 10.32 points, or 0.68%, to 1,539.34 from Wednesday’s close of 1,529.02.The index, which opened 3.31 poin
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Focus Malaysia
20h
Tourism group: Want tourism to revive? Then scrap MyTravelPass!
JOINING the growing calls against the MyTravelPass system, the Malaysia Association Tour Agency (MATA) urged the Government to bin the system to help rejuvenate local tourism.“The scheme is very complicated and it takes the authorities 14 days before approving or otherwise,” its president Datuk
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Focus Malaysia
21h
Najib hurls brickbats at DAP MP: “Who is abusing whose power?”
FORMER Prime Minister Datuk Seri Najib Tun Razak lashed out at DAP MP RSN Rayer for accusing him of bullying Inland Revenue Board (IRB) officers over a police report lodged.“Yesterday, Rayer told me not to misuse my position to bully IRB officers in regards to allegation of abuse of power and use
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Focus Malaysia
22h
Smart infrastructure key to Serba Dinamik Group’s Pengerang projects
ORGANISATIONAL plasticity has always been the key “digital trait” of Serba Dinamik Group Bhd (SDGB) as it once again shows its capability in adapting to changes and innovating with speed.On top of adjusting to the challenges of COVID-19, SDGB has moved up a notch with the rapid development of Sm
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Focus Malaysia
23h
Zaid on country’s recovery: Please speak to Bank Negara, Tok Pa!
FORMER law minister Datuk Zaid Ibrahim has urged the Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed to have a serious discussion with Bank Negara Malaysia (BNM) if he wants the banks to have a new lease of life to help the country.According to Zaid, Mustapa (also
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Focus Malaysia
23h
Glove sector bloodshed on Bursa Malaysia remains unabated
HOW one’s fortune can change in the blink of an eye!Could there be a better analogy to depict the misfortune of Malaysia’s Big-Four glove makers who have to confront the double whammy of not only being suffocated by a decline in average selling price (ASP) but also the Government’s mulling of
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