Economy

Straits Herald March 22, 2020

Malaysia has deployed the army to support police in enforcing tough restrictions to halt the spread of the coronavirus as cases in the country surged above 1,000. People have been told to stay at home and all schools and most businesses have closed, while Malaysians are barred from travelling overseas and foreigners from entering the […]

Straits Herald March 17, 2020

Malaysia will ban its citizens from travelling overseas and foreigners from entering the country in drastic measures announced by the prime minister Monday aimed at curbing the spread of the deadly new coronavirus. Schools will also be closed under the rules that will be in place for two weeks from Wednesday, Muhyiddin Yassin said. Large […]

Straits Herald March 16, 2020

Malaysia has announced a nationwide Travel Restriction Order from 18th to 31st March 2020. This is made to control the ongoing spread of Covid-19, the ever-sprawling problem of the coronavirus. The announcement was made by Prime Minister Muhyiddin Yassin in a televised speech at 10pm Monday (16th March). Muhyiddin stressed that this is not a […]

Straits Herald March 16, 2020

by Heather SCOTT Faced with a growing economic shutdown from the coronavirus pandemic, the US Federal Reserve on Sunday announced drastic emergency measures to shore up confidence and keep the financial sector running, including slashing the key interest rate to virtually zero. The Fed made its second emergency rate cut in less than two weeks, […]

Straits Herald March 16, 2020

Malaysia said Sunday that more than half the country’s 428 coronavirus cases were linked to an international Islamic gathering held last month.  The Southeast Asian nation announced a spike of 190 new infections over the weekend, mostly linked to a global Islamic event attended by almost 20,000 people. “Of the 428 cases, 243 are participants […]

Straits Herald March 9, 2020

Zafrul Aziz, currently the CEO of Malaysia’s second biggest lender – CIMB – has just been announced as the new Finance Minister of Malaysia. This announcement was made by the new Prime Minister Muhyiddin Yassin in a press conference on Monday in Putrajaya. The appointment of Zafrul in the cabinet would mean he has to […]

Straits Herald March 8, 2020

by Liz Thomas Olivia Cotes-James wants us to talk about menstrual health. Properly.  No more euphemisms, no more opaque marketing, no more superstitions, and no glossing over cramps, bleeding, or pain: Reframing current attitudes is vital for female empowerment and health, as well as the environment, says the 29-year-old founder of LUÜNA Naturals, which hails […]

Straits Herald March 4, 2020

Malaysia’s central bank cut its key interest rate on Tuesday to the lowest level since 2010 to combat the impact of the new coronavirus, which has battered economies worldwide. Bank Negara Malaysia slashed the rate by 25 basis points to 2.5 percent, as expected by economists, in its second cut this year. It came as […]

Straits Herald February 25, 2020

by Sam Reeves Malaysian Prime Minister Mahathir Mohamad resigned Monday in a shock move as his alliance that came to power less than two years ago unravelled, but he was reappointed as interim leader by the king. It came after months of rising tensions in his “Pact of Hope” coalition, which toppled a corruption-mired government in […]

Straits Herald February 10, 2020

Hindus gathered in temples across Malaysia on Saturday to celebrate the annual Thaipusam festival, with many piercing their bodies with hooks and skewers, despite concerns about the deadly coronavirus outbreak. Massive crowds descended on the Batu Caves temple complex on the outskirts of capital Kuala Lumpur to participate in the event, where Hindus showcase their […]

Straits Herald January 27, 2020

Goth-inspired pop innovator Billie Eilish cleaned up at Sunday’s Grammys, winning all four major awards including the prestigious Album of the Year prize. The 18-year-old beat out stiff competition from viral hitmaker Lil Nas X and the year’s most-nominated artist Lizzo. Eilish soared to mainstream stardom over the past year, after having won a fervent […]

Straits Herald January 26, 2020

After identifying the first three cases of 2019 novel coronavirus (2019-nCoV) in Malaysia, the Health Ministry now announces the fourth case. This fourth case is independent from the first three. The 40 year-old man is a resident of Wuhan, China, and entered the country through Johor Bahru, via Singapore, using a tourist bus. He exhibited […]

Straits Herald January 25, 2020

A SARS-like virus that has claimed 41 lives since emerging in a market in the Chinese city of Wuhan has spread around the world. Here are the places that have confirmed cases of 2019 Novel Coronavirus: China As of Saturday, almost 1,300 people have been infected across China, the bulk of them in and around […]

Straits Herald January 21, 2020

by Nina Larson More than 470 million people worldwide are currently unemployed or underemployed, the UN said on Monday, warning that a lack of access to decent jobs was contributing to social unrest. The global unemployment rate has remained relatively stable over much of the past decade, according to the UN’s International Labour Organization. But […]

Straits Herald January 20, 2020

by Aurélia End Like others approaching middle age, the World Economic Forum turns 50 insisting it has matured, that it has moved on from hard partying and wants more meaningful relationships. The focus for this week’s annual meeting in Davos will be as much on hearing from climate change activists as on rapid-fire corporate dealmaking […]

Straits Herald January 14, 2020

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict. Just two days before President Donald Trump is set to sign a “phase one” trade agreement with China, the US Treasury said […]

Straits Herald January 10, 2020

On 10th January 2020, the Malaysian Anti-Corruption Commission (MACC) informed that the leaked audio clips of conversations between disgraced ex-PM of Malaysia, Najib Razak has been handed over to the Malaysian police for further action. Below are two audio clips of Najib speaking to UAE Crown Prince Mohammad Zayed Al Nahyan and one clip of […]

Straits Herald January 6, 2020

The search for victims in the rubble of a collapsed building in southern Cambodia drew to a close Sunday with the final death toll at 36 — the latest tragedy in a string of deadly construction accidents.  Cambodia Prime Minister Hun Sen, said 23 people had been pulled alive from the rubble of the seven-storey […]

Straits Herald January 5, 2020

Indonesia is stepping up sea and aerial patrols of islands near the disputed South China Sea, an official said Saturday, following a diplomatic spat over “trespassing” Chinese vessels. Military aircraft and three warships with some 600 navy, army and air force personnel have been deployed to waters around the Natuna islands, which border the South […]

Straits Herald January 2, 2020

Singapore’s economy, a closely watched barometer for the rest of Asia’s export-driven countries, grew just 0.7 percent last year as the US-China trade war hammered global markets. The city-state has traditionally been the first among Asia’s economies to be affected during a downturn, and the country narrowly escaped tipping into recession in the third quarter. […]