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Household debt at RM1.63 trillion at end of 2024, much lower than financial assets -- MOF

Household debt at RM1.63 trillion at end of 2024, much lower than financial assets -- MOF

The national household debt, which stood at RM1.63 trillion as at end-December 2024 -- equivalent to 84.2 per cent of gross domestic product (GDP)
Thu Feb 27 2025
New look Middle East had started to draw investors... and then came Trump

New look Middle East had started to draw investors... and then came Trump

Investors are buying Israel and Lebanon bonds, betting Beirut can resolve its political, economic, and financial crises.
Tue Feb 11 2025
Who owns US debt?

Who owns US debt?

The US government has nearly $36 trillion of debt on issue and its bonds are the bedrock of the global financial system.
Tue Feb 11 2025
Vehicle inspections: MOT announces three new companies, ending Puspakom’s monopoly

Vehicle inspections: MOT announces three new companies, ending Puspakom’s monopoly

Loke said the companies were selected based on key criteria, including financial stability and a minimum paid-up capital of RM10 million.
Fri Feb 07 2025
Op Sky: MACC focuses on completing investigation paper

Op Sky: MACC focuses on completing investigation paper

MACC uncovers graft, money laundering in Op Sky, involving a financial consultancy firm and bank officers from multiple institutions.
Fri Feb 07 2025
Consider This: The Reality of Retirement Savings in Malaysia

Consider This: The Reality of Retirement Savings in Malaysia

The EPF recently introduced the Retirement Income Adequacy Framework, a three-tiered savings benchmark—basic, adequate, and enhanced—meant to be used as a reference to maintain different levels of financial security post-retirement. Is this framework enough to ensure financial security in old age? On this episode of #ConsiderThis Melisa Idris speaks with Professor Joseph Cherian, Deputy CEO and Practice Professor of Finance, at the Asia School of Business.
Tue Feb 04 2025
Can Trump pay US government employees to quit their jobs?

Can Trump pay US government employees to quit their jobs?

The financial incentives is likely to run into a number of complications, including funding issues, and it could also face legal challenges.
Sun Feb 02 2025
White House offers 2 million federal employees financial incentives to quit

White House offers 2 million federal employees financial incentives to quit

Federal employees are instructed to reply to a government email with the word "resign" to join the "deferred resignation program".
Wed Jan 29 2025
WHO chief to cut costs, reset priorities after US exit, document shows

WHO chief to cut costs, reset priorities after US exit, document shows

The United States is by far the WHO's biggest financial backer, contributing around 18% of its overall funding.
Fri Jan 24 2025
3M campaign concludes with financial literacy drive in Penang

3M campaign concludes with financial literacy drive in Penang

The event marks the culmination of a series of initiatives aimed at promoting financial literacy and practical money management skills.
Tue Jan 21 2025
OPR: Navigating Malaysia's Economic Future

OPR: Navigating Malaysia's Economic Future

Join Dr. Rosnani Rasul, CEO of BIMB Securities Sdn Bhd, as she delves into the implications of Malaysia's 2025 Overnight Policy Rate (OPR) strategy. Gain insights into economic growth, sectoral impacts, and long-term strategies for sustainable development.
Wed Jan 15 2025
Syria's new leaders face economy decimated by war, sanctions

Syria's new leaders face economy decimated by war, sanctions

Syria's economy has been decimated by more than a decade of civil war and sanctions that have severed it from the global financial system.
Fri Jan 10 2025
Online scams can derail Malaysia’s reputation as safe business jurisdiction

Online scams can derail Malaysia’s reputation as safe business jurisdiction

Online scams silently erode economies, harming individuals and causing ripple effects that weaken nations globally.
Wed Jan 08 2025
AWANI Review: CGS International: Carving a Niche in Financial Services

AWANI Review: CGS International: Carving a Niche in Financial Services

With its rebranding, CGS International is moving beyond traditional brokerage services. As Deputy CEO Khairi Shahrin explains, there’s no value in chasing bottom-feeding fees - CGS is diving into niche markets where others aren't looking. He discusses the company’s strategy for growth, leveraging its China connection, and key trends shaping 2025.
Sat Dec 21 2024
South Korea vows unlimited liquidity after political turmoil; BOK meets

South Korea vows unlimited liquidity after political turmoil; BOK meets

The country's financial regulator is ready to deploy 10 trillion won ($7.07 billion) in a stock market stabilisation fund any time.
Wed Dec 04 2024
US tariff plans to be discussed at 31st ASEAN Economic Ministers' Retreat - Tengku Zafrul

US tariff plans to be discussed at 31st ASEAN Economic Ministers' Retreat - Tengku Zafrul

The tariff plans imposed by the United States (US) will be one of the topics discussed at the 31st ASEAN Economic Ministers' (AEM) Retreat tomorrow.
Thu Feb 27 2025
Congestion charge can reduce KL traffic by 20 per cent - Dr Zaliha

Congestion charge can reduce KL traffic by 20 per cent - Dr Zaliha

A congestion charge is expected to reduce traffic congestion in Kuala Lumpur by around 20 per cent, said Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa.
Thu Feb 27 2025
Lula reaffirms Brazil's BRICS Presidency to push for multipolar world

Lula reaffirms Brazil's BRICS Presidency to push for multipolar world

Brazilian President Luiz Inacio Lula da Silva said that Brazil's BRICS presidency will strengthen BRICS' push for a multipolar world and fairer global relations, reported Xinhua.
Thu Feb 27 2025
Malaysia's digital investments hit record RM163.6 billion in 2024

Malaysia's digital investments hit record RM163.6 billion in 2024

Digital investments in Malaysia hit a record RM163.6 billion in 2024, compared to RM46.8 billion in 2023, driven by a stable government and pro-business policies
Thu Feb 27 2025
MOE, DBP support empowerment of national language in legal field -- Fadhlina

MOE, DBP support empowerment of national language in legal field -- Fadhlina

The Ministry of Education (MOE) has assured that Dewan Bahasa dan Pustaka (DBP) will always be prepared to provide the necessary infrastructure for developing new terminologies in the Malay language.
Thu Feb 27 2025
Reuters, AP, Bloomberg warn against limiting White House media access

Reuters, AP, Bloomberg warn against limiting White House media access

Reuters, The Associated Press, and Bloomberg News issued a statement on Wednesday warning that limiting the number of wire services with access to the White House
Thu Feb 27 2025
Actor Gene Hackman and wife found dead at home

Actor Gene Hackman and wife found dead at home

Gene Hackman, the intense character actor who won two Oscars, has died alongside his wife, pianist Betsy Arakawa, and their dog at home
Thu Feb 27 2025
Industry players call for refinements to Gig Workers Bill

Industry players call for refinements to Gig Workers Bill

Leading companies in Malaysias gig economy have raised concerns over the draft of the country's upcoming Gig Workers Bill, urging for refinement of key provisions before tabling it at the Parliament
Thu Feb 27 2025
Household debt at RM1.63 trillion at end of 2024, much lower than financial assets -- MOF

Household debt at RM1.63 trillion at end of 2024, much lower than financial assets -- MOF

The national household debt, which stood at RM1.63 trillion as at end-December 2024 -- equivalent to 84.2 per cent of gross domestic product (GDP)
Thu Feb 27 2025
Govt, BNM continue to strengthen trade and investment mechanisms in local currency

Govt, BNM continue to strengthen trade and investment mechanisms in local currency

The government and Bank Negara Malaysia (BNM) will continue to strengthen and improve existing channels and mechanisms to facilitate trade and investment transactions in the local currency.
Thu Feb 27 2025