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Watch: Boeing's 737 MAX-9 aircraft receives FAA approval

Watch: Boeing's 737 MAX-9 aircraft receives FAA approval

CHICAGO: The world’s largest plane maker Boeing Co said on Friday the US Federal Aviation Administration had officially certified its 737 MAX-9 aircraft for commercial service. The stamp of approval affirms the airplane’s handling, systems and overall performance all comply with required aviation regulations, Boeing said. Keith Leverkuhn, 737 general manager, said on Wednesday he […]

February 16, 2018 | By | Reply More
Malaysia wants to attract automotive investors from India

Malaysia wants to attract automotive investors from India

IPOH: Malaysia is looking forward to lure automotive investors from India to the newly-launched National Automotive Cluster @ Proton City (NAC) in Tanjung Malim, says Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan. He said India is a strong emerging market, producing English brands like Jaguar and Land Rover which were thriving […]

February 16, 2018 | By | Reply More
Rigorous screening for new hires in financial industry on the card – BNM

Rigorous screening for new hires in financial industry on the card – BNM

KUALA LUMPUR: Bank Negara Malaysia (BNM) will soon require financial institutions to undertake rigorous screening for their new hires as integrity is critical in enhancing confidence in the financial system. “This is to ensure that the financial industry possess a competent and professional workforce,” said the central bank when asked on further development measures by […]

February 16, 2018 | By | Reply More
Renault green lights Ghosn for four more years at the top

Renault green lights Ghosn for four more years at the top

PARIS: French auto giant Renault’s board on Thursday backed a new four-year term for chief executive Carlos Ghosn and set up his succession by naming a number two. “The board decided to propose to renew the mandate of Mr Carlos Ghosn which will be put before the general assembly of shareholders on June 15,” the […]

February 15, 2018 | By | Reply More
Feb 15: Ringgit closes sharply higher against US dollar

Feb 15: Ringgit closes sharply higher against US dollar

KUALA LUMPUR: The ringgit closed sharply higher against the US dollar today on the back of a recovery in oil prices. At 6pm, the local note appreciated against the greenback to 3.8910/8980 from Wednesday’s 3.9170/9210. Meanwhile, the ringgit ended the week weaker against a basket of other major currencies. The local unit was slightly lower […]

February 15, 2018 | By | Reply More
Sunway Bhd with partners buy RM1.59b property in Singapore

Sunway Bhd with partners buy RM1.59b property in Singapore

KUALA LUMPUR: Sunway Bhd, together with Hoi Hup Realty Pte Ltd and SC Wong Pte Ltd, is buying a property in Singapore for S$530 million (RM1.59 billion) to redevelop it into a private residential project.  Sunway said on Thursday that its Singapore-based unit Sunway Developments Pte Ltd had entered into a collective sale and purchase […]

February 15, 2018 | By | Reply More
RHB Insurance launches TC Gap Protector

RHB Insurance launches TC Gap Protector

KUALA LUMPUR: RHB Insurance Bhd and Tan Chong Insurance Business Stream (TCIBS) have launched the TC GAP Protector, a new Guaranteed Asset Protection (Return to Invoice or RTI-GAP) policy. RHB Insurance managing director and chief executive officer Kong Shu Yin said the company recognises the need to empower vehicle owners with more cost effective and […]

February 15, 2018 | By | Reply More
Siemens Malaysia appoint new CEO and CFO

Siemens Malaysia appoint new CEO and CFO

KUALA LUMPUR: Siemens Malaysia has appointed Indranil Lahiri as its new president and chief executive officer (CEO), succeeding Datuk Prakash Chandran, who is now the lead country CEO of Siemens Indonesia. The company said Indranil has over 22 years of industry experience including 18 years with Siemens India and Bangladesh. Previously, Indranil was the head […]

February 15, 2018 | By | Reply More
Consumer spending growth is expected to sustain above 7pc this year

Consumer spending growth is expected to sustain above 7pc this year

KUALA LUMPUR: Consumer spending growth is expected to sustain above seven per cent in 2018 as favourable labour market conditions prevail in the near term, with strengthening ringgit in tow to boost the sentiment. Malaysian Rating Corporation Bhd said Malaysia’s record of higher-than-expected gross domestic product (GDP) growth of 5.9 per cent in 2017, its […]

February 15, 2018 | By | Reply More
Iskandar Halal Park appoints new CEO

Iskandar Halal Park appoints new CEO

KUALA LUMPUR: Iskandar Halal Park (IHP), Malaysia’s first premium integrated halal park, has announced the appointment of Ahmad Lokman Ibrahim as its new chief executive officer (CEO). Ahmad Lokman will spearhead the strategy and operations of the park, IHP said in a statement today. The company said with more than 20 years of experiences in […]

February 15, 2018 | By | Reply More