BFM89.9 - The Business Station
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BFM is Malaysia's only independent radio station, focused on business news and current affairs.

BFM's purpose is to build a better Malaysia by championing rational, evidence-based discourse as a key element of good policy decisions.
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TAPAU, PLEASE? πŸ₯‘

Mon, 21 Jun 2021 - Serving you the top conversations you might've missed πŸ›΅

Business & FinanceπŸ“ˆπŸ’Έ

Pick 1 - As businesses ask Putrajaya for clearer solutions from the National Recovery Plan, Bangi MP Ong Kian Ming offers free consulting to businesses, with useful tips:

"I'm getting an F&B owner to do targeted Facebook marketing, advised a chili farmer to diversify his products, and applied for a hotel to serve as a COVID-19 vaccine centre to offset overhead costsβ€”which will also help jab Bangi residents faster."

- Kian Ming [Listen here] βœ…βœ¨

Pick 2 - Randstad has released its 2021 Employer Brand report, which found most Msians prioritise salary over job security, despite the pandemic:

"It's surprising that job security ranked no. 7, amid uncertainty in the job market. 72% of respondents still rank attractive salary & benefits as number one. In fact, 23% intend to switch jobs in 2021."

- Fahad, Randstad [Listen here] πŸ’‘

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Wed, 23 Jun 2021 - Serving you the top conversations you might've missed πŸ›΅

Current Affairs 🌏

Brig-Jen (Rtd) Arshad comments on Msia's state of affairs after his NGO, PATRIOT, stated their support for the Rulers' request for Parliament to reconvene:

"We soldiers have done our part to protect the country. But some MPs, what are they doing now? Some are being charged for corruption. Should we tell them, 'You're doing a good job'? I didn't fight for that!"

- Arshad [Listen here] ⭐️πŸ”₯βœ…

COVID-19❗️

The govt says 600 M40 households have slipped into the B40 as the COVID-19 dealt a financial blow on Msians across class divides:

"We have to be aware of labels like M40. They're based on household income. A single worker with RM8k a month is M40, and that same person who now has six kids is also M40. Policymakers need to rethink these labels to give better targeted aid."

- Calvin, ISIS Msia [Listen here] πŸ’‘

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Thu, 24 Jun 2021 - Serving you the top conversations you might've missed πŸ›΅

COVID-19 ❗️

Pick 1 - 5 business associations are asking the govt to reopen the retail sector by July, or risk shutting down 50% of retail businesses for good:

"Extending this lockdown will be a disaster. The recovery plan is impacting the market negatively. Govt said recovery by Dec. Now, tell meβ€”what's going to happen from July to Nov? Their 'plan' is stagnating businesses."

- Sarky [Listen here] πŸ”₯

Pick 2 - Minister Khairy Jamaluddin says the govt may mix 2-dose vaccines as their Plan B to up jab rates if supplies are disrupted, as high COVID-19 cases delay plans to ease the lockdown:

"Mixing vaccines may sharpen the immune system & protect millions faster. Govts can instantly issue doses without worrying about keeping 2nd shots to administer weeks later. It could make a difference in this ticking COVID time bomb."

- Dr Vinod [Listen here] βœ…πŸ’‘

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Mon, 28 Jun 2021 - Serving you the top conversations you might've missed πŸ›΅

Business & FinanceπŸ“ˆπŸ’Έ

The Employers Federation wants the govt to end the lockdown, saying it isn't working, as MoF tells businesses it's still refining the Nat'l Recovery Plan to help them:

"The NRP is a vague diagram for wishful thinking. The question is how long do we take to get from one stage to another? If businesses need to stay closed in July, no amount of govt aid can help SMEs that are desperateβ€”if not hopeless."

- Kian Ming [Listen here] πŸ’‘

Current Affairs 🌏

Pressure mounts on Putrajaya to reconvene Parliament, as some states confirm their state assembly will sit by Aug:

"The people should decide if Parliament reconvenes. The govt is so weak now that its legitimacy hinges on public approval. If the govt keeps delaying it, then they're already contemplating an election. And Msians may not forgive them for it."

- Chin Huat [Listen here] βœ…πŸŒΆ

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Kopi Highlights β˜•οΈ

Mon, 28 Jun 2021

The gym and fitness industry has estimated revenue losses of more than RM110 million since the first MCO last year, and continues to struggle. We look at exactly what they're dealing with. [Watch here] πŸ‘¨πŸ½β€πŸ³πŸ’‘

Check out the full conversation with Noel Chelliah from The Daily Muscle [Listen now] ✨

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Tue, 29 Jun 2021 - Serving you the top conversations you might've missed πŸ›΅

COVID-19

Pick 1 -
Putrajaya has announced PEMULIHβ€”the latest RM150 billion aid packageβ€”to help M40 and B40 families survive as the COVID-19 pandemic continues.

"What is missing not only in this package, but also in the govt's general strategyβ€”if you want to call it thatβ€” is indeed, a strategy. This isn't a strategyβ€”this is a 'wait and see'."

- Carmelo [Listen here] πŸŒΆβœ…

Pick 2 - SG has declared that COVID-19 would be endemic, gearing its health & economic strategy to live with the virus, rather than eliminate it:

"Home test kits are the future. It's like how you can walk down to a 7-Eleven & get a pregnancy test. There'll be mass access to testing, with the goal of identifying those at risk, rather than wiping out COVID-19. And in 4 to 5 years, when there's widespread vaccinations, it will be an unusual, rare disease."

- Dr Paul [Listen here] πŸ’‘

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Wed, 30 Jun 2021 - Serving you the top conversations you might've missed πŸ›΅

COVID-19

Pick 1 -
Many businesses say the RM150 billion PEMULIH aid package still isn't enough to save them. The Association of SMEs says thousands will close despite wage subsidies and loan moratoriums:

"This lockdown has no end in sight. Even when daily COVID-19 cases go down, 50,000 SMEs will still close. The govt needs to understand our pain. They need to sit down with usβ€”the rakyatβ€”and work out how to reopen the economy."

- Chin [Listen here] πŸ’‘

Pick 2 - Contrary to SMEs, the govt says PEMULIH is a "comprehensive" approach to help SMEs and households weather COVID-19. The PM expects it to put Msia "back on the recovery path":

"I know the phrase 'cash is king' is used negatively. But now, cash flows are critical for people with no income. We're maxing out what we can to give cash to the rakyat."

- Johan, MoF [Listen here] β­οΈβœ…

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Thu, 1 Jul 2021 - Serving you the top conversations you might've missed πŸ›΅

COVID-19

Pick 1 -
MTUC voiced its concerns on EPF's i-Citra scheme, which allows eligible EPF members to withdraw RM5kβ€”as 3.7 million members have less than that in their accounts:

"It's worrying. With these schemes, most members won't reach the RM240k savings minimum EPF has set for their retirement needs. Also, we're not paying workers enough, and fresh grads are being paid the same starting salary as 20 years ago."

- Pankaj [Listen here] βœ…

Pick 2 - Health experts want the govt to enforce ventilation SOPs, as the WHO says that ventilated areas can reduce the risk of COVID-19 transmissions:

"It's a game changer. Every layer of society needs to get them. For instance, we need to open windows, blow fans in certain directions, and some buildings' ventilation systems are already good. We don't have to start from zero."

- Dr Jemilah [Listen here] β­οΈπŸ’‘

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Bungkus My News 🍱

Fri, 2 Jul 2021 - We've packed bite-sized highlights of the day's top news stories for you.

Local πŸ‡²πŸ‡Ύ

❗️Breaking:
According to De facto Law Minister Takiyuddin Hassan, PM Muhyiddin Yassin will call for a Parliament sitting before the emergency expires on August 1. [Full update here]

πŸ—ž Msia has been downgraded to Tier 3, the worst ranking in the US State Department's annual human trafficking report [Full update here]

πŸ—ž Relocation to landed properties will be allowed under Phase 1 of the NRP [Full update here]

πŸ—ž Some second-dose appointments have been given to those who opted in for the AstraZeneca COVID-19 jab [Full update here]

πŸ—ž Pahang police chief Ramli Yoosuf denies that police had threatened to fine those hoisting white flags [Full update here]


πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Fri, 2 Jul 2021 - Serving you the top conversations you might've missed πŸ›΅

COVID-19❗️

Pick 1 -
Health experts are warning the govt to "wisely" use the EMCO in parts of Selangor & KL, and to mass test affected areas:

"It's indicative of our failures. We can't be doing more of the same. 80% of clusters come from factories. If we need to close them, let's do it. We should always know which ones have clustersβ€”and stay ahead of the curve. We can't be doing guess work!"

- Dr Dzul [Listen here] βœ…β­οΈ

Pick 2 - Economists warn of the EMCO's impact on businesses in KL and Selangor, pointing out that they make up 40% of Msia's GDPβ€”and that it will be "very costly":

"It feels like there's nothing more we can do to change the situation, with the current measures. How much more can businesses endure? We've talked to many of them, and you can sense the desperationβ€”they're at wit's end."

- Arvindh, Enterprise [Listen here] πŸ”₯

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Bungkus My News 🍱

Mon, 5 Jul 2021 - We've packed bite-sized highlights of the day's top news stories for you.

Local πŸ‡²πŸ‡Ύ

❗️
Breaking: Putrajaya decided to advise the Yang di-Pertuan Agong to call for a special Parliament session to be held for five days, from July 26-29 and August 2.

πŸ—ž The total number of COVID-19 jabs administered in Msia has passed the 9 million mark.

πŸ—ž Klang Valley's hospital bed usage for COVID-19 reached 85% over the weekend, prompting MOH to increase capacity.

πŸ—ž 80% or 2,003 adults in Pulau Tioman have received their 1st dose of the COVID-19 vaccine, the first location in Msia where most people have had one jab.

Global 🌏

πŸ—ž A new COVID-19 strain, the Lambda variant, has spread to nearly 30 countries in the last 4 weeks. WHO warns that it may be more infectious & deadly than the Delta variant.


πŸ‘‰πŸ½ Full updates on BFM News [Click here]

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Mon, 5 Jul 2021 - Serving you the top conversations you might've missed πŸ›΅

COVID-19❗️

The Bendera Putih movement gains traction as Msians help fellow citizens who are struggling financially, with businesses like 99 Speedmart sending out 1,000 goodwill packages daily:

"No one person can do it all. We have no white knights. Our frontliners and friends are burnt out. So what do we do? We have to come together. Msia bolehβ€”we can come together and help one another out. This is our social identity."

- Sook Ning [Listen here] βœ…βœ¨

Current Affairs 🌏

Msia has been downgraded to Tier 3 in the US State Dept's Trafficking in Persons Report, signalling low compliance with world standards to combat the crime:

"We launch campaigns, we say things. But a lot more needs to happen. We're talking about forced labour here, we've got trafficked kids rounded up in Msia. We don't talk the walkβ€”or walk the talk."

- Dr Hartini [Listen here] 🌢

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Bungkus My News 🍱

Mon, 5 Jul 2021 - We've packed bite-sized highlights of the day's top news stories for you.

Local πŸ‡²πŸ‡Ύ

πŸ—ž MITI has clarified that only companies listed as essential services in the National Security Council's SOPs will get approval to operate in areas under the EMCO.

πŸ—ž UMNO Supreme Council member Mohd Puad says the party will soon withdraw support for PN, adding that the majority of council members were ready to quit the govt.

πŸ—ž 4 more activists were summoned by PDRM today over the short film, Chili Powder & Thinner, which details alleged abuse in police custody.

πŸ—ž The govt will make a decision this week on the time gap required for recovered COVID-19 patients to get their vaccines.

Global 🌏

πŸ—ž Israel says Pfizer's COVID-19 vaccine in preventing symptomatic illness fell to 64% since Jun 6, but was 93% effective in preventing hospitalisations & serious illness.


πŸ‘‰πŸ½ Full updates on BFM News [Click here]

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Tue, 6 Jul 2021 - Serving you the top conversations you might've missed πŸ›΅

COVID-19❗️

The govt says nail salons can only reopen in Phase 4 of the NRP, but the Association of Nail Industry has asked them to let salons reopen sooner:

"It's been a roller coaster ride. Rents, loansβ€”they're piling up. There's more than 2,000 salons in Msia. If there are 5 manicurists in each one, more than 10,000 might be out of work soon; I'm sure many have depleted their savings."

- Sereen [Listen here]πŸ’‘

Current Affairs 🌏

UMNO MPs have reportedly been meeting to discuss leaving the PN govt. Recently, UMNO Supreme Council member Mohd Puad says UMNO will soon quit PN and that most of the council is ready to do so:

"There's intensive dealmaking, from Jalan Bellamy to Wisma Perwira. We've seen the PM's photo chairing an NSC meeting from hospital. It's worryingβ€”it's not clear who's actually in charge while he's there."

- Bridget [Listen here] βœ…

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Bungkus My News 🍱

Wed, 7 Jul 2021 - We've packed bite-sized highlights of the day's top news stories for you.

Local πŸ‡²πŸ‡Ύ

πŸ—ž Pakatan Harapan worries the upcoming five-day Parliament sitting will be too short for proper debates, stating that the govt β€œonly seeks to provide information (on) the National Recovery Plan without room for debate”.

πŸ—ž Selangor residents taking their COVID-19 jabs can now apply for the RM20 rebate for Grab rides to vaccination centres in the state, via platselangor.com

πŸ—ž COVID-19 vaccination buses will be deployed to plantations and public housing projects in Selangor soon, before heading to other states.

πŸ—ž The Red Crescent Society will carry out house-to-house vaccinations for bedridden patients in the Klang Valley.


Global 🌏

πŸ—ž From August 16, England will scrap self-isolations for kids and fully vaccinated individuals who come in close contact with COVID-19 positive persons.


πŸ‘‰πŸ½ Full updates on BFM News [Click here]

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Bungkus My News 🍱

Wed, 7 Jul 2021

Breaking News❗️

Prime Minister Muhyiddin Yassin has named Ismail Sabri as Deputy Prime Minister. He has also appointed Hishammuddin Hussein as Senior Minister for Foreign Affairs.


πŸ‘‰πŸ½ Full updates on BFM News [Click here]

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Bungkus My News 🍱

Thu, 8 Jul 2021 - We've packed bite-sized highlights of the day's top news stories for you.

Local πŸ‡²πŸ‡Ύ

πŸ—ž AG Idrus Harun says there's currently no indication that PM Muhyiddin Yassin has lost majority support of MPs, despite UMNO's decision to withdraw support for PN. He adds that, from a legal standpoint, the PM and the Cabinet can remain in govt.

πŸ—ž Total COVID-19 cases passed 800k, after 8,868 new ones were reported. Exactly a year ago, Msia reported zero daily local cases.

πŸ—ž MITI is allowing manufacturing sectors in Selangor to run during the EMCO, including electronics, aerospace, healthcare, and food.


Global 🌏

πŸ—ž Japan may ban spectators from the Olympics to curb a surge in COVID-19 infections.

πŸ—ž New Zealand PM Jacinda Ardern says the country will not adopt a UK-style β€œlive with COVID” policy & will keep pandemic restrictions in place.


πŸ‘‰πŸ½ Full updates on BFM News [Click here]

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Bungkus My News 🍱

Fri, 9 Jul 2021 - We've packed bite-sized highlights of the day's top news stories for you.

Local πŸ‡²πŸ‡Ύ

πŸ—ž Manufacturing factories in EMCO areas will be required to test all workers twice weekly via rapid test kits & costs must be fully borne by companies.

πŸ—ž Selangor's new COVID-19 cases will likely stay high in coming days, as the state ups mass testing & contact tracing.

πŸ—ž Pakatan Harapan has urged the govt to lower tuition fees at public universities during the pandemic, and to consider subsidising them at private ones for students from B40 & M40 households.

Global 🌏

πŸ—ž Pfizer will ask US FDA to authorise its COVID-19 vaccine booster by Aug, as they say antibodies wane after 6 months.

πŸ—ž Separately, Pfizer is developing a COVID-19 booster shot to protect against the Delta variant, on concerns that the strain may be more resistant to vaccines. Clinical trials could start in Aug.


πŸ‘‰πŸ½ Full updates on BFM News [Click here]

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
Bungkus My News 🍱

Mon, 12 Jul 2021 - We've packed bite-sized highlights of the day's top news stories for you.

Local πŸ‡²πŸ‡Ύ

πŸ—ž JKJAV says 7.84 million people have received at least 1 dose of the COVID-19 vaccine, while 3.52 million are fully inoculated.

πŸ—ž Deputy PM Ismail Sabri believes Msia is on track to achieve herd immunity, as the average daily vaccination rate is set to hit 300,000 this month.

πŸ—ž About 15,000 Orang Asli have received a COVID-19 vaccine, while 38,000 wait for an appointment.

πŸ—ž Msia will revise its GDP forecast for 2021 amid the surge in COVID-19 cases, Finance Minister Tengku Zafrul Aziz told Bloomberg. Putrajaya is set to lower it to around 4%, from a range of 6% to 7.5%.

Global 🌏

πŸ—ž The Suez Canal's revenue rose over 2% to $5.84 billion in FY2020-21, a historical record, despite COVID-19's impact on world trade, and a 6-day blockage by the Ever Given cargo ship in March.


πŸ‘‰πŸ½ Full updates on BFM News [Click here]

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]
TAPAU, PLEASE? πŸ₯‘

Mon, 12 Jul 2021 - Serving you the top conversations you might've missed πŸ›΅

COVID-19❗️

Experts say Msia could lose its competitive edge as an exporter of manufactured car parts due to repeated lockdowns:

"Operations are closed, there's no sales. We can't make component parts right now, so their exports to overseas customers are affected. We're afraid they'll look at other hubs to source car parts from. And it'll be hard to get them back."

- Aishah, MAA [Listen here] πŸ’‘

Current Affairs 🌏

A Bloomberg article by columnist Daniel Moss, who argued that Msia is becoming a "failed state", has gotten flack from politicians and analysts:

"We've got bad politics & governance. We're not a failed state. But the politicians have run out of ideas, so they're playing all sorts of old tricks (to stay in power). We need a reset, move it to young Msians. This generation of politicians has really expired."

- James [Listen here] βœ…πŸŒΆ

πŸ“Œ Daily picks via Telegram on the latest insights [Click here]