Archive for August 4th, 2021

PPKM Surabaya expected to offer flexibility to small businesses

04-Aug-2021 Intellasia | AntaraNews | 5:02 AM

Legislators expect that the extended period of Level 4 community activity restrictions (PPKM) on August 3-9, 2021, in Surabaya City, East Java, will still offer leeway to [...] » More

Garuda Indonesia says agrees with lessor early return of 9 Boeing jets

04-Aug-2021 Intellasia | Reuters | 5:02 AM

Flag carrier Garuda Indonesia (GIAA.JK) will return nine leased Boeing 737 800NG aircraft ahead of schedule, as part of an agreement to end a bankruptcy lawsuit, the [...] » More

Indonesia increases amount of foreign defence loans approved for 2021

04-Aug-2021 Intellasia | Janes | 5:02 AM

The Indonesian Ministry of Finance (MoF) has granted approval for the country’s armed forces (Tentara Nasional Indonesia: TNI) and defence ministry to obtain up to [...] » More

Indonesia set for first GDP growth in five quarters, new virus wave hurts outlook

04-Aug-2021 Intellasia | Reuters | 5:02 AM

Indonesia is expected to report this week an economic growth of more than 6 percent in the second quarter, but a new wave of COVID-19 cases, which started to hit in June, is [...] » More

A new generation of orphans as COVID ravages Indonesia

04-Aug-2021 Intellasia | Aljazeera | 5:02 AM

At a cemetery in East Kalimantan, 13-year-old Arga stands before his parents’ graves, dressed in a hazmat suit. Relatives have gathered around the cemetery for his [...] » More

Indonesia targets September reopening as it extends curbs until next week

Indonesia targets September reopening as it extends curbs until next week

04-Aug-2021 Intellasia | Reuters | 5:02 AM

Indonesia aims to start gradually reopening its economy in September, a senior minister said on Monday, as the government announced an extension of curbs on movement until [...] » More

Lam Research opens largest manufacturing plant in Penang with RM1b investment

04-Aug-2021 Intellasia | Malay Mail | 5:02 AM

A leading wafer fabrication equipment company, Lam Research, officially opened its new manufacturing plant at Batu Kawan here today with an investment of RM1 billion. The [...] » More

Malaysia lawmakers protest Parliament closure as ploy by PM

04-Aug-2021 Intellasia | The Independent | 5:02 AM

Police blocked opposition lawmakers from marching Monday to protest a two-week lockdown of Malaysia’s Parliament which they consider another ploy for the embattled [...] » More

Hishammuddin: Malaysia to highlight Covid-19 vaccine, Burma issue at Asean foreign ministers meeting

04-Aug-2021 Intellasia | Malay Mail | 5:02 AM

Malaysia will emphasize on three key points, including the importance of mutual recognition of the Covid-19 vaccine by Asean member countries, at the 54th Asean Foreign [...] » More

Bursa opens higher on improved market sentiment

04-Aug-2021 Intellasia | Malay Mail | 5:02 AM

Bursa Malaysia was slightly higher in early trade today, reversing yesterday’s downtrend as market sentiment improved on hopes for stimulus packages from the United [...] » More

Hartalega’s Q1 net profit surges to RM2.26b on higher sales revenue

04-Aug-2021 Intellasia | Malay Mail | 5:02 AM

Hartalega Holdings Bhd’s net profit for the first quarter (Q1) ended June 30, 2021 jumped to RM2.26 billion from RM219.72 million while revenue soared to RM3.90 billion [...] » More

Opposition willing to help govt source RM1.5b to cover shortfall in Covid-19 vaccines, Guan Eng tells Khairy

04-Aug-2021 Intellasia | Malay Mail | 5:02 AM

DAP secretary-general Lim Guan Eng today offered the Opposition’s aid to help the government source funds to procure enough Covid-19 vaccines for the remaining adult [...] » More

Ministry mulls proposal to control price of Covid-19 test kit

04-Aug-2021 Intellasia | Malay Mail | 5:02 AM

The Domestic Trade and Consumer Affairs Ministry (KPDNHEP) is considering a proposal to control the price of the Covid-19 test kit, said deputy minister Datuk Rosol Wahid. He [...] » More

Malaysia’s Mahathir, Anwar shelve rivalry to protest PM

04-Aug-2021 Intellasia | Malaysiakini | 5:02 AM

Malaysian political heavyweights Mahathir Mohamad and Anwar Ibrahim put aside long-running animosity and joined an opposition protest Monday against the shutdown of [...] » More

Bank Pembangunan Malaysia offers five financing schemes worth RM5.6b, targeting key strategic sectors

04-Aug-2021 Intellasia | TheedgeMarkets | 5:02 AM

Bank Pembangunan Malaysia Bhd (BPMB) remains committed to supporting the country’s economic recovery in line with its developmental mandate and is offering five [...] » More