Economist says history shows technology creates more jobs than destroys KUCHING: Artificial intelligence (AI) may disrupt jobs, but history suggests it is unlikely to eliminate work altogether. Center for Market Education CEO Carmelo Ferlito said concerns about AI mirror long-standing anxieties that have accompanied every major technological breakthrough. “AI has
KUCHING: Maybank will move its head office to Menara Merdeka 118 in Kuala Lumpur on May 6, 2026. Malayan Banking Bhd said the move from Menara Maybank in Jalan Tun Perak will see the group occupy 33 floors at its new headquarters, housing about 7,000 employees. The new premises will
SIBU: The Sarawak Business Federation’s (SBF) final roadshow stop here emphasises business engagement and a stronger industry links. SBF concluded its Regional Roadshow 2026 today (Apr 24), marking the end of its statewide outreach to members. The final roadshow session was officiated by SBF Deputy President, Datuk Philip Ting, who
KUCHING: Top solar and energy company,Solarvest Holdings Bhd (Solarvest) has secured a RM1.06 billion role in Malaysia’s largest LSS5+ solar project. The project, with an installed capacity of 690MWp, is among the largest utility-scale solar photovoltaic farms in ASEAN. Solarvest, through its subsidiary Atlantic Blue Sdn Bhd, has been appointed
KUCHING: Diesel rationing is putting pressure on Bumiputera contractors in Sarawak, as tensions in the Middle East drive up global fuel prices. Sarawak Bumiputera Entrepreneurs Chamber (DUBS) president Datuk Abang Helmi Ikhwan said Bumiputera construction firms were among the worst affected, as higher diesel costs and supply limits begin to
KUCHING: Sarawak and Sabah may face steeper cost pressure than Peninsular Malaysia despite the recently announced rental and household relief measures. Sarawak Chamber of Commerce and Industry’s Deputy President, Albert Tang, said the impact of the current pressures was already being felt across the country. “East Malaysia was likely to
KUCHING: Sarawak’s 25 per cent electricity discount could ease living costs and support wider domestic spending. i-CATS University College Faculty of Economy, Business and Accounting lecturer, Muhammad Nor Shafiee Ibrahim, said the move showed a proactive and targeted response to current cost pressures. He said the measure not only provided
KUCHING: Higher SKAS allocations could help steady household spending and support local business activity in Sarawak. Universiti Malaysia Sarawak Faculty of Economics and Business senior lecturer, Farhana Ismail, said the higher SKAS allocation could help ease cost-of-living pressure on households under current economic conditions. “The assistance served as direct support
KUCHING: Sarawak’s relief may ease pressure briefly, but rising global costs still threaten businesses and households. The Sarawak Federation of Chinese Associations president, Datuk Richard Wee, said the additional assistance from the Sarawak government is welcomed by Anak Sarawak, as the added support for SKAS recipients showed the government was
KUCHING: Sarawak developers are facing rising building costs as the Iran conflict pushes up oil-linked inputs. SHEDA adviser, Datuk Sim Kiang Chiok, said the Sarawak property sector welcomes the RM876.2-million Special Aid Package unveiled recently by the Premier. He said measures including the enhanced SKAS payout, the 25 per cent
