Author Archive: New Straits Times

rss feed

Author's Website

Weaker ringgit to attract more investments

Weaker ringgit to attract more investments

KUALA LUMPUR: The ringgit depreciation could be a silver lining as it is expected to work in favour for Malaysia in bringing in investments especially in the technology sector. US-Asean Business Council president and chief executive officer Alexander C Feldman said the weakening of the ringgit against the greenback made it more attractive for US […]

August 22, 2015 | By | Reply More
Ringgit fluctuation only temporary

Ringgit fluctuation only temporary

BALIK PULAU: The decline of the Malaysian ringgit is only temporary, assured Datuk Shahlan Ismail, the Director of Strategic Planning for the Prime Minister’s Office. He said as such, the issue should not be sensationalised. He said the fluctuating currency was not unique to Malaysia alone, but also experienced by many other countries in the […]

August 22, 2015 | By | Reply More
Good stocks ripe for the picking

Good stocks ripe for the picking

KUALA LUMPUR: Malaysia’s capital market may be volatile now, but the sell-offs in the past few weeks offer an opportunity for investors to capitalise on undervalued stocks. Analysts said the current oversold situation had created a “mega sale” of sorts in Bursa Malaysia as the prices of many shares had declined, some by almost 30 […]

August 22, 2015 | By | Reply More
Asean Economic Community will take shape end-2015: Mustapa

Asean Economic Community will take shape end-2015: Mustapa

KUALA LUMPUR: The Asean Economic Community or single market will take shape end of 2015 despite recent setbacks said Asean Economic Ministers chairman Datuk Seri Mustapa Mohamed. The vibrant Asean region, beset by the fall in oil and commodity prices, currency concerns and the external economic development, has been challenged by the dissenting views about […]

August 22, 2015 | By | Reply More
Oil ends down more than 2 percent as US drilling points to glut

Oil ends down more than 2 percent as US drilling points to glut

NEW YORK: US oil prices traded below US$40 a barrel for the first time since the 2009 financial crisis, ending 2 percent lower on Friday on signs of US oversupply and weak Chinese manufacturing and notching the longest weekly losing streak in almost three decades. US crude dipped below the US$40 threshold following weekly data […]

August 22, 2015 | By | Reply More
Wall St slumps more than 2 percent as China fears continue

Wall St slumps more than 2 percent as China fears continue

NEW YORK: US stocks slumped late in the trading session on Friday as the S&P broke below the 2,000 level and the Dow slipped closer towards correction territory as fears of a China-led global slowdown continued to rattle investors. A report overnight showed China’s manufacturing sector shrank at the fastest pace since 2009, exacerbating worries […]

August 22, 2015 | By | Reply More
IJM Plantations refinery plan picking up pace

IJM Plantations refinery plan picking up pace

PETALING JAYA: IJM Plantations Bhd’s (IJMP) partnership with Kuala Lumpur Kepong Bhd (KLK) to put up a refinery complex in Indonesia is picking up pace. “We’re currently seeking approval from the Indonesian authorities to build a jetty. After it is approved, only then can we start work on the refinery,” said IJMP chief executive officer […]

August 21, 2015 | By | Reply More
Japan has a key role in AEC’s success:  Mustapa

Japan has a key role in AEC’s success: Mustapa

KUALA LUMPUR: Japan, ranked among the top three investors in the ASEAN region, will continue to play an integral part in helping the nations in the ASEAN Economic Community prosper. Asean Economic Ministers’ Meeting chair Datuk Seri Mustapa Mohamed said Japan will assist us in the area of skills development specifically in providing internships and […]

August 21, 2015 | By | Reply More
Maybank Investment urge government to address GST efficiency issues

Maybank Investment urge government to address GST efficiency issues

KUALA LUMPUR: Maybank Investment Bank has urged the government to address the efficiency issue of the Goods and Services Tax (GST) especially for the small and medium enterprises (SME). SMEs, Maybank IB said, are facing cash flow issue from having to pay GST on schedule to avoid penalties but facing delays in the input tax […]

August 21, 2015 | By | Reply More
1MDB issues update on Edra

1MDB issues update on Edra

KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) today issued the following statement on monetisation of Edra Global Energy Bhd: “1MDB has since shortlisted a select group of potential parties, comprising both local and international strategic investors, to progress their detailed due diligence inquiries into Edra which houses our power assets. The due diligence exercise will entail, […]

August 21, 2015 | By | Reply More