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NY Steak Shack plans to expand to Kuwait, Japan

NY Steak Shack plans to expand to Kuwait, Japan

PUTRAJAYA: NY Steak Shack (NYSS), a casual-dining restaurant inspired by New York city, plans to expand its halal western food business empire internationally by opening branches in Kuwait and Japan. Branding General Manager, Muhammad Adam Mah said the restaurant’s business concept had attracted businessmen from Kuwait and Japan during their recent visit to Malaysia. “We […]

February 22, 2018 | By | Reply More
Lazada cuts commission to attract more local e-commerce entrepreneurs

Lazada cuts commission to attract more local e-commerce entrepreneurs

By NST Business   KUALA LUMPUR: Lazada Malaysia has implemented a zero per cent commission rate to all local sellers for products sold in the Fashion category, and a two per cent commission rate applicable to all other categories, excluding electronics and home appliances. The new measure introduced by Lazada Malaysia would empower new and […]

February 22, 2018 | By | Reply More
BNM international reserves at US$103.6b as at Feb 15

BNM international reserves at US$103.6b as at Feb 15

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves stood at US$103.6 billion (US$1=RM3.91) as at Feb 15, 2018 from US$103.7 billion on Jan 30, 2018. In a statement today, the central bank said the reserves were sufficient to finance 7.1 months of retained imports and were 1.1 times the short-term external debt. BNM said the […]

February 22, 2018 | By | Reply More
Petronas' subsidiary secures LNG contract to India

Petronas' subsidiary secures LNG contract to India

KUALA LUMPUR: Petronas’ subsidiary, Petronas LNG Ltd (PLL), marked a new milestone with the signing of a sale and purchase agreement (SPA) with H-Energy Mideast DMCC (HEMD), its first-term liquefied natural gas (LNG) contract to India. Managing Director Ezhar Yazid Jaafar, in a statement today, said the agreement was in line with Petronas’ growth strategy […]

February 22, 2018 | By | Reply More
Local contractors to be awarded at least 30pct civil works for ECRL in April

Local contractors to be awarded at least 30pct civil works for ECRL in April

  BENTONG: Up to 30 per cent of the civil works contracts for the RM55 billion East Coast Rail Link (ECRL) project will be awarded to local contractors in April. Malaysia Rail Link Sdn Bhd head of construction Noor Azlan Salleh said the contracts, valued at ‘a few billion ringgit’, will see two sets of […]

February 22, 2018 | By | Reply More
Maybank expects 100m debit transactions this year

Maybank expects 100m debit transactions this year

KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects its debit card transactions to increase to 100 million this year, with over RM17 billion worth of transactions, 57 per cent higher than the previous year. Maybank Head of Cards and Group Community Financial Services B. Ravintharan said in 2017, the group saw a significant increase in the […]

February 22, 2018 | By | Reply More
Gas Malaysia and Perak government team up to build RM180m gas supply infrastructure

Gas Malaysia and Perak government team up to build RM180m gas supply infrastructure

KUALA LUMPUR: Gas Malaysia Bhd has today entered into a pipeline development agreement with Perak state government to provide gas infrastructure development for the supply of natural gas to its customers in Kinta Valley. In a filing to Bursa Malaysia today, Gas Malaysia said the cost of the development of the pipeline and the project […]

February 22, 2018 | By | Reply More
Malaysia's 2017 labour productivity up 3.6pct to RM81,039

Malaysia's 2017 labour productivity up 3.6pct to RM81,039

KUALA LUMPUR: Malaysia’s labour productivity increased 3.6 per cent to RM81,039 in 2017 from RM78,244 previously, said the Department of Statistics. It said this was in line with the expansion of value added of the sector by 5.9 per cent (2016: 4.2 per cent) and employment by 2.2 per cent (2016: 0.7 per cent). As […]

February 22, 2018 | By | Reply More
Hap Seng and Kretam attract investors' interest following RM1.18 billion deal

Hap Seng and Kretam attract investors' interest following RM1.18 billion deal

KUALA LUMPUR: Hap Seng Plantations Holdings Bhd’s shares were traded as high as RM2.63 in the morning session after the company announced a RM1.18 billion acquisition for a 55 per cent stake in Kretam Holdings Bhd. The stock gained 0.39 per cent or one sen to RM2.57 at the close of the session, hitting a […]

February 22, 2018 | By | Reply More
Public Bank posts RM1.5b net profit in Q4, RM5.47b for 2017

Public Bank posts RM1.5b net profit in Q4, RM5.47b for 2017

KUALA LUMPUR: Public Bank Bhd’s net profit increased 0.2 per cent in the fourth quarter (Q4) ended December 31, 2017 to RM1.49 billion from RM1.48 billion recorded in the same quarter previously. In a filing to Bursa Malaysia today, the country’s third largest financial group by asset said the improved net profit was mainly due […]

February 22, 2018 | By | Reply More