KUCHING: Bank Negara Malaysia has announced its decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, citing concerns over a possible global economic slowdown that could lead to a recession. Universiti Malaysia Sarawak (UNIMAS) economist Jerome Kueh said that “maintaining the OPR for the time being is
KUCHING: As political parties continue to actively court university students, concerns are mounting over the potential harms of such engagement. Drawing on his extensive experience as a former deputy vice-chancellor in charge of student affairs and alumni from 2008 until 2020, Professor Datu Mohd Fadzil Abd Rahman shared his thoughts
KUCHING: The Employees Provident Fund (EPF) contributors could use Account 2 as collateral for loans from banks in order to assist those facing financial difficulties, including debt, according to an economist. Speaking to New Sarawak Tribune, I-CATS University College economist Shazali Abu Mansor said for that purpose, the government would
KUCHING: The proposal to use Employee Provident Fund (EPF) Account 2 as collateral for personal bank loans has come under fire from an economist, warning that it could exacerbate Malaysia’s already high levels of household debt. Speaking out against it, Carmelo Ferlito warned that such a move could lead to
‘Cats have a scam going – you buy the food, they eat the food, they go away; that’s the deal.’ – Eddie Izzard, British stand-up comedian. I was on a roll, getting things done left and right, when suddenly my phone rang. It was an unknown number flashing on
KUCHING: Sarawak’s palm oil plantations are facing challenges in their efforts to adopt automation and mechanisation due to labour shortage and compatibility issues, according to the Malaysian Palm Oil Board (MPOB). New Sarawak Tribune spoke to its director general Datuk Dr Ahmad Parveez Ghulam Kadir who acknowledged that while the
KUCHING: A conservation biologist at Universiti Malaysia Sarawak (Unimas) has called for more targeted and strategic distribution of the Ecological Fiscal Transfer (EFT) for biodiversity conservation in Malaysia. While welcoming the federal government’s commitment to biodiversity conservation, Professor Mohd Azlan Jayasilan Abdul Gulam Azad expressed concerns over the allocation and
KUCHING: Covid-19 pandemic-related withdrawals amounting to RM145 billion over the last two years have resulted in a significant decline in the median savings of the Employees Provident Fund’s (EPF) Bumiputera and Indian members. An economist at EPF, who declined to be named, revealed to New Sarawak Tribune that Bumiputera EPF
KUCHING: The fishermen association of Sarawak (Penesa) said the fishing community in the state is not abusing the diesel subsidy meant for them. According to its chairman Awangku Tajudin Awangku Ibrahim, the subsidy was intended to support the livelihoods of fishermen in Sarawak, and it was not being abused by
KUCHING: Road maintenance is an important aspect of ensuring road safety and longevity, according to Universiti Malaysia Sarawak (UNIMAS) Faculty of Engineering. “With the prevalence of road potholes and the rising number of complaints from drivers, it is more important than ever to prioritise road maintenance and take proactive measures