KUCHING: AirBorneo is expected to enhance trade, tourism, and regional connectivity while intensifying competition in the aviation sector, said Muhammad Asraf Abdullah. The Senior Lecturer at the Faculty of Economics and Business, Universiti Malaysia Sarawak (UNIMAS), pointed out that the acquisition of the airline comes at the right time to
KUCHING: AirAsia launched its first Sarawak campaign of the year with the Kuching Travel Fair at Vivacity Megamall, offering exclusive travel deals from yesterday until today. Travellers can enjoy up to 25 per cent off flights from Kuching, 50 per cent off pre-booked baggage fees, and 33 per cent off
KUCHING: Malaysia’s international reserves, held by the Central Bank of Malaysia (BNM), stood at USD 116.4 billion (USD 1 = RM4.43) as of Jan 31, 2025, compared to USD 115.5 billion on Jan 15, 2025. In a statement, BNM reported total assets of RM620.8 billion at the close of business
KUCHING: The debate on minimum wage adjustments in East Malaysia is both timely and crucial amid rising living costs, but any increase must be structured and gradual to avoid economic instability. Economist Farhana Ismail said while raising wages is necessary, a sudden hike could lead to inflationary pressures as businesses
KUCHING: The Associated Chinese Chambers of Commerce and Industry of Sarawak (ACCCIS) has described calls for a higher minimum wage in East Malaysia as ‘futuristic’ and unrealistic given the current economic challenges faced by businesses. Its secretary-general Datuk Jonathan Chai said while employers acknowledge the importance of workers’ welfare, any
KUCHING: A further increase in the minimum wage for East Malaysia could significantly impact the economy, says Datuk Richard Wee. Acknowledging the proposal by Sarawak Bank Employees Union (SBEU) chief executive officer Andrew Lo’s call for the minimum wage in Sabah and Sarawak to be raised to RM2,125, the Sarawak
KUCHING: The proposal to increase the minimum wage in East Malaysia is both timely and justified; however, a hasty implementation could harm businesses and the economy, said economist Nivakan Sritharan. Commenting on Sarawak Bank Employees Union CEO Andrew Lo’s call for the minimum wage in East Malaysia to be set
KUCHING: RHB Banking Group (RHB) is extending its Flood Relief Assistance Programme to provide immediate and long-term financial support to customers in Sarawak and Sabah. In a statement, the bank said the programme, available from now until the end of February 2025, aims to help individuals, Small and Medium Enterprises
KUCHING: Hong Leong Bank and Hong Leong Islamic Bank (HLB) have launched a comprehensive Flood Relief Assistance Programme to support customers affected by the recent floods in Sarawak and Sabah. According to a statement, the programme provides financial relief and assistance to individuals, Small and Medium Enterprises (SMEs), and micro-enterprises
KUCHING: Malaysia’s international reserves remain usable, according to the latest detailed breakdown released by the Central Bank of Malaysia (BNM) as at end-December 2024. In accordance with the International Monetary Fund (IMF) Special Data Dissemination Standard (SDDS) format, the detailed breakdown of international reserves provides forward-looking information on the size,
