PETALING JAYA: The Employer Provident Fund (EPF) is urging all employers to start using its e-Caruman online payments facility as its manual system for EPF contributions by employers will be scrapped beginning January 2017.   EPF chief executive officer Datuk Shahril Ridza Ridzuan said all employer transactions with EPF will be done online going forward ...

THE potential of the non-profit sector is not always recognized. Most of the time, when the term non-profit is mentioned, what comes to mind are cheaply operated charities doing not very sexy work. Many are unaware of the potential of the third sector to provide public services. The third sector is frequently under-appreciated and misunderstood. ...

The Malaysian government has clarified reports that it had entered into an agreement with Bangladesh to bring in 1.5 million workers into the country over the next three years.  KUALA LUMPUR: Malaysia insists it is not bringing in 1.5 million Bangladeshi foreign workers into the country amid a backlash over the purported move.    Human ...

DEVELOPMENTS in the global economy and currency markets will determine the performance of property markets across developed and emerging markets alike for 2016.   FXTM chief market analyst Jameel Ahmad shared that year 2015 saw emerging currencies challenged by a resurgent US dollar rising alongside the US economic recovery. There were additional concerns over how ...

PETALING JAYA: A combination of yuan appreciation, crude oil prices coming off their lows and shrinking likelihood of US interest rate hike this year contributed to the rise of the ringgit as one of the best performing Asian currencies.       With foreign capital returning to emerging Asian markets in search of higher yields, ...

KUALA LUMPUR: The halal economy — encompassing everything from banking and finance to food and beauty products — is on the rise. Halal refers to what is permitted or lawful in Islam, and it is used in reference to food and lifestyle products which include clothing, pharmaceutical items as well as cosmetics and personal care. ...

KUALA LUMPUR: The Malaysia External Trade Development Corporation (MATRADE) aims to use Nigeria and Ghana as a platform to promote Malaysian products in the West African region. MATRADE Trade Commissioner to West Africa Saifuddin Khalid said the West African region had started opening up their economies, resulting in increasing demand for foreign products.   “We ...

JAKARTA: Malaysia and Indonesia have protested France’s plan to impose progressive tax on palm-based products that enter the country to up to 900 euros (RM4,125) per tonne.   Plantation Industries and Commodities Minister Datuk Seri Douglas Uggah Embas said France’s unreasonable tax that would be implemented from next year clearly intended to kill the palm ...

What is the TPP and why have it?: * The founding members of the Pacific Rim group are – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. * The far-reaching deal is designed to boost their wealth by doing away with barriers to the free flows of ...

KUALA LUMPUR: The higher levy imposed on foreign workers could possibly cut plantation companies’ 2016 earnings by between 1% and 8%, as historically planters have absorbed the levy costs.   CIMB Research views the Government’s move to raise the foreign workers’ levy rate for plantation sector to RM1,500 as negative but it is partially offset ...