The Malaysian Trades Union Congress (MTUC) is urging Prime Minister Tan Sri Muhyiddin Yassin to come up with a viable and sustainable plan to address the woes of workers in Malaysia, ahead of the premier's announcement of a short-term economic recovery plan for the country later this month.

MTUC wants Muhyiddin to come up with 'effective game plan' to mitigate growing unemployment, salary cuts

KUALA LUMPUR (June 2): RHB Islamic Bank Bhd has become the first bank in Malaysia and the Asia Pacific region to introduce an eco-friendly recycled plastic debit card, through a collaboration with WWF-Malaysia and Universiti Malaysia Terengganu (UMT).

In a statement, RHB Islamic Bank sa...

RHB Islamic introduces eco-friendly recycled plastic debit card

KUALA LUMPUR (June 2): Operating conditions deteriorated for a third successive month, amid further rapid contractions in both output and new orders, according to latest  IHS Markit Manufacturing Purchasing Managers' Index (PMI).

In a report today, IHS Markit said the headline PMI ...

Asean manufacturing downturn continues during May

OSK Holdings Bhd posted a net profit of RM77.63 million for the first quarter ended March 31, 2020 (1QFY20), down 16% from RM92.87 million a year ago, due to the implementation of the movement control order (MCO).

OSK posts lower 1Q net profit on MCO impact

Hong Leong Investment Bank Research has downgraded FGV Holdings Bhd to "sell" at RM1.08 with a higher target price of 89 sen (from 88 sen) and said FGV's valuation has become stretched following recent share-price run-up.

HLIB Research downgrades FGV as valuation becomes stretched

RHB Research has maintained its "buy" rating on Power Root Bhd at RM2.24 with a higher target price of RM2.96 (from RM2.80) and said Power Root delivered commendable fourth-quarter results, which beat expectations as management's transformation plan continued to bear fruit.

RHB Research raises target price for Power Root to RM2.96, says unaffected by MCO

Digi.Com Bhd and the Malaysia Digital Economy Corporation (MDEC) have joined forces to release a Business Continuity Digitalisation (BCD) programme to help small and medium enterprises (SMEs) leverage digital opportunities to cope with the fallout from the pandemic.

Digi and MDEC team up to launch digitalisation programme for SMEs

The Malaysian Trades Union Congress (MTUC) has slammed the government for allowing employers a further three months to comply with a legal amendment to improve their workers’ accommodations.

In a statement today, MTUC secretary general J Solomon said it could not understand why Human Resources Minister Datuk Seri M Saravanan would grant the extension as many recent Covid-19 cases involves migrant workers living at construction sites, not just the ones held in immigration detention centres.

MTUC slams HR minister’s three-month extension for employers to improve housing for workers

The Inland Revenue Board (LHDN) has announced that the deadline to appeal for Bantuan Prihatin Nasional (BPN) aid falls on May 31, 2020. 

In a statement today, LHDN said appeals can be made by submitting supporting documents at LHDN office branches or sending an email to rayuanbpn@hasil.gov.my.

BPN appeal deadline is May 31 — LHDN

Lambo Group Bhd said its subsidiary has been engaged as a fulfillment agent for last mile delivery by the operator of Malaysia’s largest homegrown online shopping platform.

The logistics group said the agreement between its subsidiary Lambomove Sdn Bhd and Presto Mall Sdn Bhd, the operator of PrestoMall (previously known as 11street Malaysia), was signed today.

Lambo signs last mile delivery services deal with Presto Mall

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

China's first-quarter industrial profits rise at slower pace

Last December, the European Union set a global precedent by finalizing the Artificial Intelligence Act, one of the world’s most comprehensive sets of AI rules. Europe’s landmark legislation could signal a broader trend toward more responsive AI policies. But while regulation is necessary, it is i...

The Visible Hand: Governments must shape AI’s future

The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Kuala Kubu Baharu by-election sees four-cornered fight

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the&nbsp;candidates of&nbsp;Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Apple intensifies talks with OpenAI for iPhone generative AI features

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

Yasmin Syazwina

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Yasmin Syazwina

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