Finance

Diesel Subsidy is No More

The long speculated end to fuel subsidy is here. Well, almost. The end of blanket diesel subsidy in Peninsular Malaysia comes with trepidation, as the rationalisation is long overdue. Yet, the years of delay in the rationalisation may have structurally weakened the nation's economy. The big-bang approach to rationalise the diesel subsidy too is worrisome, as there may not be adequate room for Malaysian businesses, be they micro-SME or SME, to land on their two legs.

‘Unveiling Uniqueness’ A Platform For Neurodiverse Talents

The pinnacle occasion, Unveiling Uniqueness, celebrates the distinctive quality of each individual and offers them a platform to showcase their diverse gifting and abilities, a testament to their capabilities and an affirmation of their unique talents.
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GE15: Who Can Really Stabilise The Malaysian Economy?

Whichever party or coalition that wins in GE15, it has a massive task to get the country's economy back on track in the midst of the global economic downturn.

Liz Truss Apologises For Economic Plan As Spending Cuts On The Way

After blaming the markets and "global headwinds" for investors fleeing the pound and government bonds for weeks, Truss apologised for going "too far and too fast" with her radical economic plan to jolt Britain out of years of stagnant growth.

Flurry Of Funds Bet On New Allure For Bitcoin

Unfazed by a price drop over the last 11 months, investment firms have launched a flood of exchange-traded funds, betting that elite cryptocurrencies and their underlying technology will triumph in the end.

UK Finance Minister Jeremy Hunt Vows To Restore Trust In Financial Markets

Truss appointed Hunt on Friday in an attempt to save her leadership as confidence in her ability to lead the country dwindled within her own Conservative Party as well as in international financial markets.

Budget 2023: E-Pemula Credit Increased, Gov’t To Pay E-Hailing Licence Fee

Reactions have been mixed regarding the E-Pemula increase announcement KUALA LUMPUR -- Two million youths aged 18 to 20, and full-time students aged 21 and...

Financial Losses Expected For Elon Musk’s Takeover Of Twitter

While Musk will contribute much of the RM203.74 billion by selling his stake in Tesla Inc (TSLA.O) and relying on equity financing from large investors, major banks have committed to contribute RM57.88 billion.

Prime Minister Liz Truss To Meet With UK’s Fiscal Watchdogs In Effort To Calm Markets

LONDON - Prime Minister Liz Truss and her finance minister Kwasi Kwarteng will on Friday meet the head of Britain's independent fiscal watchdog, whose...

If RM Declines Further, Bank Negara Chief Must Be Sacked, Like Anwar

Finance Minister Anwar Ibrahim was sacked in 1998 when he failed to crack down on local speculators in RM, Bank Negara Chief making the same mistake!

Despite Weak Market, Grab Sees No Layoffs

SINGAPORE - Grab, Southeast Asia's largest ride-hailing and food delivery company, does not anticipate mass layoffs, as some competitors have, and is selectively hiring...

Europe Is Burning Cash To Assist Businesses In Midst Of An Energy Crisis.

BRUSSELS - On Wednesday, Germany nationalized gas importer Uniper (UN01.DE), and Britain capped the wholesale cost of electricity and gas for businesses, in Europe's...

After Merge, Ethereum Spent $20B In Shanghai Splurge

NEW YORK - The Merge came, saw and conquered. Not that you'd guess from crypto prices. The Ethereum blockchain's mega-upgrade finally went live on...

The Ethereum Blockchain Reducing Energy Consumption Through Software Upgrade

NEW YORK - The Ethereum blockchain's software has been overhauled, drastically reducing its energy consumption, its inventor and co-founder tweeted on Thursday. According to the...