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Budget airlines set to soar in Southeast Asia's open skies

Budget airlines set to soar in Southeast Asia's open skies

SINGAPORE: Low-cost airline groups and manufacturers of smaller passenger aircraft will be among the main winners after Southeast Asia’s open skies agreement finally came into effect last month, although airport capacity constraints could limit the benefits. Ratification of the Association of Southeast Asian Nations (ASEAN) open skies agreements by Indonesia and Laos in April lifts […]

May 17, 2016 | By | Reply More
Govt looking to digital businesses to broaden tax revenue: Irwan Serigar

Govt looking to digital businesses to broaden tax revenue: Irwan Serigar

KUALA LUMPUR: Digital economy which has taken off in a big way has also become an important source of tax revenue in Malaysia says Treasury secretary-general Tan Sri Irwan Serigar Abdullah. “More Malaysians are doing internet business, trading as well as others like driving Uber taxis. With this increase in earnings it has also broadened […]

May 17, 2016 | By | Reply More
PM: Malaysians can be world leaders

PM: Malaysians can be world leaders

LONDON: The success of Malaysian companies in overseas markets proves that Malaysians can be world leaders and world beaters, said Prime Minister Datuk Seri Najib Razak. Citing the regeneration of Battersea Power Station and Eco World International Bhd’s (EWI) three property developments in London as examples, Najib said such investments contribute to the government’s plan […]

May 17, 2016 | By | Reply More
EWI secures nearly  £850m sales from London properties

EWI secures nearly £850m sales from London properties

LONDON: Eco World International Bhd (EWI), en route to a listing on Bursa Malaysia this year, has achieved close to £850 million (RM4.9 billion) in property sales from its three developments here and is set to launch new phases this year. “We strongly believe in the United Kingdom market. We believe there is a lot […]

May 17, 2016 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today on fresh buying interest. At 9.21 am, the local unit was quoted at 4.0160/0210 against the greenback from 4.0270/0330 at 5 pm on Monday. A dealer said the ringgit strengthened in early trade, taking advantage of higher overnight crude oil prices. Crude oil futures […]

May 17, 2016 | By | Reply More
Warren Buffett's Berkshire takes US$1 bln bite of Apple

Warren Buffett's Berkshire takes US$1 bln bite of Apple

Warren Buffett’s Berkshire Hathaway Inc revealed a more than US$1 billion stake in Apple Inc in a rare foray into the technology sector, which Buffett has largely shunned apart from a poorly performing investment in IBM. Shares of Apple rose 3.7 percent on the news, closing up US$3.36 at US$93.88. Berkshire made its investment in […]

May 17, 2016 | By | Reply More
Johan Holdings gets Bursa reprimand over breaching listing requirements

Johan Holdings gets Bursa reprimand over breaching listing requirements

KUALA LUMPUR: Bursa Malaysia has publicly reprimanded Johan Holdings Bhd for breaching the listing requirements. In a statement, the bourse said that Johan’s March 24 2015 announcement on the fourth-quarter report for the financial year ended January 31, 2015 had failed to take into account the adjustments in the announcement dated June 4 2015. The […]

May 16, 2016 | By | Reply More
Using digital technology to reap the benefits of AEC

Using digital technology to reap the benefits of AEC

KUALA LUMPUR: Businesses should use digital technology to simplify processes to resolve the complex issues and challenges thrown up when trying to access the newly-created Asean Economic Community (AEC), said SAP Southeast Asia president and managing director Scott Russell. Pointing to a recent survey by the Asian Development Bank and Institute of Southeast Asia Studies […]

May 16, 2016 | By | Reply More
M'sia records RM9.9b FDI inflow in first quarter of 2016

M'sia records RM9.9b FDI inflow in first quarter of 2016

KUALA LUMPUR: There is an upward trend in foreign direct investment (FDI) inflow in Malaysia, the Dewan Rakyat was told today. © New Straits Times Press (M) Bhd

May 16, 2016 | By | Reply More
OCR gets approval to diversify into property development

OCR gets approval to diversify into property development

KUALA LUMPUR: O&C Resources Bhd (OCR) has received its shareholders’ approval for the company’s planned diversification into the property business from manufacturing rubber and baby products. Its chief financial officer Bernard Tan Ban Tatt said the plan to diversify into property development is part of the company’s turnaround plan after suffering from profit losses for […]

May 16, 2016 | By | Reply More