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Berjaya Corp says CEO s strategic plans have yet to be deliberated by its board

KUALA LUMPUR (July 16): Berjaya Corp Bhd (BCorp) said the strategic plans mentioned by its chief executive officer Abdul Jalil Rasheed at a virtual event yesterday were merely personal ideas and strategies, and that its board is not aware of them and has not deliberated on any of them. In a filing with the bourse, BCorp said Jalil has been mandated to relook at the BCorp structure, as well as improve synergies and efficiency, streamline the various group businesses and transform the group into a high performing organisation. “Jalil was answering possible permutations as to how he can structure the BCorp group to achieve the objectives of the restructuring exercise and the possibility of divesting certain assets during these public investor relation forums,” it said.

Bank Negara likely to keep OPR unchanged

Economists say current rate of 1.75% is sufficient PETALING JAYA: The key benchmark interest rate, which is at an all time low of 1.75%, is expected to be maintained when Bank Negara convenes its Monetary Policy Committee (MPC) meeting tomorrow. After a cumulative 125 basis points cut in the overnight policy rate (OPR) last year to fuel economic growth, economists agree that the current interest rate is sufficient to accommodate the economy. A cut in interest rates is not likely to help to stimulate the economy due to inflationary pressure amid the pandemic and tighter restrictions. Most parts of the Klang Valley are under a two-week enhanced movement control order.

MIDF retains Malaysia s 2021 jobless rate at 4 3pc despite lockdown, MCO 3 0 | Money

KUALA LUMPUR, June 9 MIDF Amanah Investment Bank has maintained its unemployment rate forecast at 4.3 per cent this year, a slight improvement from 4.5 per cent last year, despite the tighter movement control and the introduction of the total movement control order (MCO 3.0). The investment.

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