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US withdrawal from TPP a "very serious mistake – Cutler

US withdrawal from TPP a "very serious mistake – Cutler

NEW YORK: In the wake of recent efforts to revive the Trans-Pacific Partnership (TPP) on Japan’s initiative, former deputy US trade representative, Wendy Cutler called the US withdrawal from the TPP a “very serious mistake.” Cutler, who is vice president and managing director of the Washington DC office of the Asia Society Policy Institute (ASPI), […]

February 8, 2018 | By | Reply More
Malaysia continues to attract expats from Europe and Eastern Asia region

Malaysia continues to attract expats from Europe and Eastern Asia region

KUALA LUMPUR: HSBC Bank Malaysia said Malaysia continues to attract expats particularly from Europe and Eastern Asia regions. Country head, retail banking and wealth management, Lim Eng Seong said one of the reasons why expats love settling down here are the friendly nature of the Malaysians. “Looking for accommodation, organising healthcare and schooling are all […]

February 8, 2018 | By | Reply More
Alliance Bank announces revision to base rate, BLR and BFR

Alliance Bank announces revision to base rate, BLR and BFR

KUALA LUMPUR: Alliance Bank Malaysia Bhd, together with its subsidiaries, Alliance Investment Bank Bhd and Alliance Islamic Bank Bhd, announced that it is revising its base rate (BR), base lending rate (BLR) and base financing rate (BFR) effective February 6. In a statement released today, the bank said the revision is in line with Bank […]

February 8, 2018 | By | Reply More
Feb 8: Ringgit opens lower against US dollar

Feb 8: Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar today on a lack of interest in the local unit, dealers said. At 9am, the ringgit stood at 3.9160/9210 against the greenback, from Wednesday’s close of 3.9070/9100. However, the ringgit traded mostly higher against a basket of other major currencies. It improved against the Singapore […]

February 8, 2018 | By | Reply More
Global stocks mixed as volatility ascends

Global stocks mixed as volatility ascends

NEW YORK: European markets mounted a nervous recovery Wednesday while US finished lower as investors across the globe settled in for a period of volatility after this week’s wild swings. Divided opinion on the outlook for markets means “volatility is back, and investors had better get used to it,” said Lee Wild, head of equity […]

February 7, 2018 | By | Reply More
Tabung Haji on the right track, to focus on core investments: CEO

Tabung Haji on the right track, to focus on core investments: CEO

PUTRAJAYA: Tabung Haji (TH) will continue to focus on its core investments in various sectors this year. Among the sectors are Islamic finance, plantation, real estate and the hotel industry, said its Group and Chief Executive Officer, Datuk Seri Johan Abdullah. He added that with its gross revenue of RM4.5 billion secured last year compared […]

February 7, 2018 | By | Reply More
Bank Rakyat raises base rate by 25bps from Feb 6

Bank Rakyat raises base rate by 25bps from Feb 6

February 7, 2018 @ 7:00pm KUALA LUMPUR: Bank Rakyat has raised the base rate (BR) and base financing rate (BFR) by 0.25 per cent from February 6. The BR and BFR will be increased to 4.1 per cent and 7.08 per cent respectively, the bank said. The increase was in line with Bank Negara Malaysia’s […]

February 7, 2018 | By | Reply More
2018 trade growth to moderate to 5pc to RM1.86 trillion: Mustapa

2018 trade growth to moderate to 5pc to RM1.86 trillion: Mustapa

KUALA LUMPUR: Malaysia’s 2018’s trade growth is expected to moderate to five per cent to RM1.86 trillion from 2017’s RM1.77 trillion, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed. In a briefing today, he said 2017’s trade was the highest in 13 years, with exports of all key sectors recording double-digit growth. […]

February 7, 2018 | By | Reply More
UK says the EU palm oil ban is unfair

UK says the EU palm oil ban is unfair

KUALA LUMPUR: The United Kingdom agrees with Malaysia’s position that the European Union’s Renewable Energy Directive II (RED) is unfair and goes against international trade practice. In a statement today, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said Britain’s support on the issue was expressed during a courtesy call by British High […]

February 7, 2018 | By | Reply More
Tabung Haji announces 'hibah' of RM2.7bil to depositors

Tabung Haji announces 'hibah' of RM2.7bil to depositors

PUTRAJAYA: Tabung Haji (TH) today announced depositor bonus (hibah) of 4.5 per cent for the financial year 2017 plus an additional bonus of 1.75 per cent for depositors who have not performed the haj. Minister in the Prime Minister’s Department Datuk Seri Jamil Khir Baharom said the two bonuses amounting to RM2.7 billion would benefit […]

February 7, 2018 | By | Reply More