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InvestKL attracted 51 MNCs with RM5.88b in investments since 2011

InvestKL attracted 51 MNCs with RM5.88b in investments since 2011

KUALA LUMPUR: The Government’s investment agency InvestKL has attracted 51 multinationals to set up their regional hubs in Greater KL, pulling in RM5.88 billion in investments since 2011. In the process, InvestKL said more than 7,000 jobs had been created in the Greater KL region which comprises the federal territory and the state of Selangor. […]

February 18, 2016 | By | Reply More
UMW on track to deliver Trent fan case

UMW on track to deliver Trent fan case

SHAH ALAM: UMW Group is on track to deliver the first unit of Trent 1000 fan case for Rolls-Royce’s aero engines, the company said yesterday. In August last year, its subsidiary UMW Aerospace Sdn Bhd had signed a 25-year agreement with an option for a 5-year extension with Rolls-Royce Plc to manufacture and assemble the […]

February 18, 2016 | By | Reply More
Malaysia economy grew by 5 per cent last year, says Bank Negara

Malaysia economy grew by 5 per cent last year, says Bank Negara

KUALA LUMPUR: The Malaysian economy expanded by 5 per cent last year, led by the private sector. Bank Negara Malaysia said economic activities in the fourth quarter grew by 4.5 per cent from 4.7 per cent in the third quarter. On a quarter-on quarter seasonally-adjusted basis, the economy grew faster by 1.5 per cent from […]

February 18, 2016 | By | Reply More
Malaysian economy grew by 5 per cent last year, says Bank Negara

Malaysian economy grew by 5 per cent last year, says Bank Negara

KUALA LUMPUR: The Malaysian economy expanded by 5 per cent last year, led by the private sector. © New Straits Times Press (M) Bhd

February 18, 2016 | By | Reply More
Bursa Malaysia remains higher at mid-morning

Bursa Malaysia remains higher at mid-morning

KUALA LUMPUR: Bursa Malaysia remained higher at mid-morning today, boosted by continuous buying interest in heavyweights and in line with its regional peers as well as the recovery in oil prices. At 11.01am, the index advanced 12.95 points to 1,677.27 from Wednesday’s closing of 1,664.32. It had opened 1.48 points better at 1,665.80. Market breadth […]

February 18, 2016 | By | Reply More
Moody's sees global growth failing to pick up steam over next two years

Moody's sees global growth failing to pick up steam over next two years

KUALA LUMPUR: Global growth will fail to pick up steam over the next two years as the slowdown in China, lower commodity prices and tighter financing conditions in some countries weigh on the economy, said Moody’s Investors Service. In the quarterly report released today, the rating agency said the downside risks to its forecast for […]

February 18, 2016 | By | Reply More
Subscriber growth  fuels Axiata revenue

Subscriber growth fuels Axiata revenue

KUALA LUMPUR: Axiata Group Bhd saw its revenue for the financial year ended December 2015 rise to an all-time high of RM19.8 billion, an increase of 6.26 per cent over 2014’s RM18.7 billion. Heavy data usage and explosive subscriber growth in the nine countries where the telecommunications giant operates helped push Axiata’s revenue to record […]

February 18, 2016 | By | Reply More
Ringgit opens at 4.17 against USD

Ringgit opens at 4.17 against USD

KUALA LUMPUR: The ringgit rebounded from two days of losses to open higher against the US dollar this morning and lifted by buying support for the local note, dealers said. At 9.05am, the ringgit traded at 4.1720/1770 to the US dollar from 4.2140/2200 yesterday. A dealer said Asian currencies as well as commodity-exporter currencies moved […]

February 18, 2016 | By | Reply More
Shares in FGV a strategic investment, says Tabung Haji

Shares in FGV a strategic investment, says Tabung Haji

KUALA LUMPUR: Lembaga Tabung Haji (TH) today clarified that its shareholdings in Felda Global Ventures Holdings Bhd (FGV) are a long-term strategic investment in one of its priority sectors for investment. Depositors need not worry as their money has not vanished as alleged and their deposits are guaranteed, TH said in a statement today. The […]

February 17, 2016 | By | Reply More
Six Islamic banks launch IAP

Six Islamic banks launch IAP

KUALA LUMPUR: Six Islamic banking institutions launched the Investment Account Platform, the first bank-intermediated financial technology platform today. The fintech platform was developed by IAP Integrated Sdn Bhd, a subsidiary of Raeed Holdings Sdn Bhd, a consortium of six banks. The six are Affin Islamic, Bank Islam, Bank Muamalat, Maybank Islamic, Bank Rakyat and Bank […]

February 17, 2016 | By | Reply More