1 billion 23 million

According to Mustapa, the number of unemployed decreased to 630,600 in June, from 637,700 people the previous month. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (Aug 9): The unemployment rate continued to show a downward trend, recording 3.8% in June — the lowest since the Covid-19 pandemic hit the country — said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed. He said the number of unemployed decreased to 630,600 in June, from 637,700 people the previous month. Citing the June 2022 Malaysian Labour Force Statistics published by the Department of Statistics Malaysia on Tuesday (Aug 9), Mustapa said the country had reached full employment since April, in terms of the unemployment rate being below 4% as defined by the Organisation for Economic Co-operation and Development. Therefore, he said the position of the labour force was more stable following an increase in the number of workers of 0.2% to 16.57 million … [Read more...] about Malaysia’s unemployment rate down to 3.8% in June, lowest since Covid-19 pandemic struck

- A + A KUALA LUMPUR (Aug 9): Here is a brief look at some corporate announcements and news flow on Tuesday (Aug 9), which include Hartalega Holdings Bhd, KLCCP Stapled Group Bhd, Texchem Resources Bhd, Leong Hup International Bhd, Serba Dinamik Holdings Bhd, ILB Group Bhd, Green Packet Bhd, G3 Global Bhd, Nestcon Bhd and Gabungan AQRS Bhd. Hartalega Holdings Bhd 's first quarter net profit slumped to RM88.28 million from RM2.26 billion a year earlier, as the rubber glove manufacturer's revenue dropped significantly, at a time when glove average selling price (ASP) and sales volume declined after rising to a record high during the crucial period of the Covid-19 outbreak, which began in early 2020. Hartalega said revenue dropped to RM845.67 million in the first quarter ended June 30, 2022, from RM3.9 billion a year earlier. KLCC Stapled Group Bhd 's net profit for the second quarter ended June 30, 2022 (2QFY22) rose 14.69% to RM165.18 million, from RM144.01 … [Read more...] about Hartalega, KLCCP Stapled, Texchem Resources, Leong Hup, Serba Dinamik, ILB, Green Packet, G3 Global, Nestcon and Gabungan AQRS

Mining firms heaved a huge sigh of relief following Malacañang’s policy pronouncement that the government will ramp up the development of the industry to shore up the economy. Miners in Zambales, in particular, must have also felt vindicated by the recent audit conducted by the Mines Geosciences Bureau (MGB) that they passed with flying colors. According to reports, these mining companies—Benguet Corp. Nickel Mines, Eramen Minerals Inc., LNL Archipelago Minerals Inc. and Zambales Diversified Metals Corp.—got an aggregate score of 97.86 last year from 93.07 the previous year. They were assessed for safety and health, environment and social development management performance. Veteran stockbroker and now Eagle Securities senior consultant Den Somera told Biz Buzz that the Marcos administration’s policy is most welcome. “The industry has suffered immeasurable losses because of the successive shutdowns,” he said. “I hope that the present government will follow through with this … [Read more...] about BIZ BUZZ: Awaiting Marcos’ mining moves