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Zeti: Unlikely for me to extend

Zeti: Unlikely for me to extend

KUALA LUMPUR: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz, whose term expires at the end of April, reiterated that she is not likely to extend her tenure. She said the eventuality of someone succeeding her is a certainty. “In due time you will be informed, it is an eventuality that is going to […]

February 17, 2016 | By | Reply More
Zeti: Unlikely for me to extend

Zeti: Unlikely for me to extend

KUALA LUMPUR: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz, whose term expires at the end of April, reiterated that she is not likely to extend her tenure. © New Straits Times Press (M) Bhd

February 17, 2016 | By | Reply More
Honeywell keen to grow in Malaysia

Honeywell keen to grow in Malaysia

SINGAPORE: Aircraft engine and avionics manufacturer Honeywell International sees Malaysia and the Asia-Pacific region as an important market for the company to expand its commercial aircraft maintenance, repair and overhaul (MRO) business. Honeywell Aerospace Asia Pacific president Steven Lien said Malaysia’s aviation industry was witnessing a rapid growth of between 10 and 15 per cent […]

February 17, 2016 | By | Reply More
Bursa Malaysia opens in positive territory

Bursa Malaysia opens in positive territory

KUALA LUMPU: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened in positive territory today, amid marginal gains in the early session and lifted by the strong overnight performance of Wall Street. At 9.15 am, the FBM KLCI was 0.98 of-a-point higher at 1,655.97 from yesterday’s close of 1,664.99. It had opened 6.24 points lower […]

February 17, 2016 | By | Reply More
Ringgit opens at 4.20 against USD

Ringgit opens at 4.20 against USD

KUALA LUMPUR: The ringgit opened lower against the US dollar this morning as investor interest shifted towards the greenback. At 9.12am, the ringgit traded at 4.2020/2090 to the US dollar from 4.1500/1550 on Tuesday. A dealer said investors favoured the US dollar mainly due to the Federal Reserve’s continued hints that its interest rate increase […]

February 17, 2016 | By | Reply More
Saudi, Russia agree oil output freeze

Saudi, Russia agree oil output freeze

DOHA: Top global oil exporters including Russia and Saudi Arabia agreed on Tuesday to freeze output to tackle a global glut but said the deal was contingent on other producers, with Iran absent from the meeting and planning to ramp up shipments. The Saudi, Russian, Qatari and Venezuelan oil ministers visited Doha for a previously […]

February 16, 2016 | By | Reply More
MDeC attracts total FDIs worth RM285b

MDeC attracts total FDIs worth RM285b

KUALA LUMPUR: Multimedia Development Corp (MDeC), the key force driving the nation’s digital economy transformation, is responsible mainly in attracting foreign direct investments (FDIs). Chief executive officer Datuk Yasmin Mahmood Yasmin said MDeC had been cumulatively responsible for securing RM285 billion worth of investments into the country. She said last year produced sterling results, with […]

February 16, 2016 | By | Reply More
Malaysia's aviation sector set to soar

Malaysia's aviation sector set to soar

KUALA LUMPUR: Malaysia is poised to become one of Asia’s fastest growing aviation markets as the industry is set to fly high over the next five years. According to IHS World Industry Service forecasts, the Asia Pacific aviation industry is set for buoyant growth, with the region’s commercial air transport sales forecast to grow at […]

February 16, 2016 | By | Reply More
AirAsia X carried 3.61m passengers in 2015

AirAsia X carried 3.61m passengers in 2015

KUALA LUMPUR: AirAsia X Bhd (AAX) carried 3.61 million passengers in the financial year ended Dec 31, 2015 (FY15), down 15 per cent from 4.23 million passengers in FY14. In its preliminary operating statistics released today, the low-cost airline said its capacity eased six per cent to 4.85 million versus 5.16 million previously. The load […]

February 16, 2016 | By | Reply More
Ringgit remains higher against US dollar in early trade

Ringgit remains higher against US dollar in early trade

KUALA LUMPUR: The ringgit extended yesterday’s gains to open firmer in early trade today, supported by persistent buying interest for the local note, dealers said. © New Straits Times Press (M) Bhd

February 16, 2016 | By | Reply More