Companies — Restoration of struck-off company

According to Kenanga Research, the reduction of the stamp duty rate for securities trading on Bursa Malaysia, from 0.15% to 0.1% of contract value starting in July, is expected to have a positive impact on trading activity.

Grab Holdings, the leading ride-hailing and food delivery app in Southeast Asia, has announced that the company is slashing 1,000 jobs, which accounts for 11% of its workforce.

Indonesia’s Coordinating Ministry for Economic Affairs has emphasised the need to optimise the policy on foreign exchange from exports in order to drive economic development.