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Economic risk for Malaysia's banking sector revised to stable: S&P's

Economic risk for Malaysia's banking sector revised to stable: S&P's

KUALA LUMPUR: Standard & Poor’s Ratings revised its economic risk trend for Malaysia’s banking sector to stable from negative, saying the industry risk trend remains stable. It also revised the outlook for AmBank, RHB Bank and RHB Investment Bank to stable from negative. “Our stable outlooks on Malaysian banks factor in our expectation that these […]

November 26, 2015 | By | Reply More
Chin Well Holdings seeks to broaden DIY clientele

Chin Well Holdings seeks to broaden DIY clientele

BUKIT MERTAJAM: Malaysia’s largest carbon steel fastener manufacturer Chin Well Holdings Berhad is targeting to broaden its Do-It-Yourself (DIY) clientele going forward. Speaking at the group’s annual shareholders’ meeting today, Chin Well managing director Tsai Yung Chuan said that the group serves eight DIY customers in United States, United Kingdom, Germany and France. “Revenue from […]

November 26, 2015 | By | Reply More
RHB inks deal with reservation portal Tableapp

RHB inks deal with reservation portal Tableapp

KUALA LUMPUR: RHB Banking Group had today signed an exclusive three-year partnership deal with online reservation portal, TABLEAPP. Group managing director Datuk Khairussaleh Ramli said this partnership is one of the initial endeavours by the group in its aim to digitised its offerings for existing and future customers. “Building an ecosystem for digital and payments […]

November 26, 2015 | By | Reply More
Eight reasons why Malaysia should be part of TPP

Eight reasons why Malaysia should be part of TPP

KUALA LUMPUR: Malaysia has eight clear reasons why it should be part of the Trans Pacific Partnership (TPP), says the chief negotiator Datuk J. Jayasiri. They are: 1. Trade with Canada, US, Mexico and Peru where Malaysia does not have FTAs 2. Increase in the inflow and outflow of investments in the TPP countries 3. […]

November 26, 2015 | By | Reply More
Indonesia to push for more biodiesel production

Indonesia to push for more biodiesel production

BALI, Indonesia: The Indonesian government is committed to push for higher production and consumption of biodiesel, to help stabilise palm oil prices, said Indonesian Vice President Muhammad Jusuf Kalla. He noted B20 trials, which blends 20 per cent palm methyl ester in regular diesel, have shown that vehicles tested had no problems running on such […]

November 26, 2015 | By | Reply More
1MDB: Debts will be cleared by year-end

1MDB: Debts will be cleared by year-end

KUALA LUMPUR: 1Malaysia Development Bhd’s rationalisation plan is on track to clear the company’s debts by year-end, after which it plans to focus solely on property development. 1MDB this week achieved a major milestone in its plan to resolve its debts when it sold its entire energy assets to China General Nuclear Power Corp (CGN) […]

November 26, 2015 | By | Reply More
Ringgit higher against US dollar at opening

Ringgit higher against US dollar at opening

KUALA LUMPUR: The ringgit continued to trend higher at opening today in riding on the bullish oil price sentiment, dealers said.

November 26, 2015 | By | Reply More
IPGB gets approval for sale of RM150m land

IPGB gets approval for sale of RM150m land

GEORGE TOWN: Ivory Properties Group Berhad (IPGB) has obtained shareholder approval for the sale of a plot of land worth RM150 million to another company. The transaction for the 21.77hectare plot of freehold land in George Town (off Jalan Kebun Bunga) was finalised in January this year between Ivory Indah Sdn Bhd, which is a […]

November 25, 2015 | By | Reply More
MMC Corp boosts ownership of NCB Holdings

MMC Corp boosts ownership of NCB Holdings

KUALA LUMPUR: MMC Corporation Bhd has bolstered its ownership of NCB Holdings Bhd with an 83.55 per cent stake in the latter, solidifying MMC’s stable of ports and logistics business. MMC received an overwhelming 99.99 per cent shareholder approval at the Extraordinary General Meeting (EGM) to seek approval to acquire NCB Holdings, said MMC Group […]

November 25, 2015 | By | Reply More
Remittance market need to lower costs: BNM

Remittance market need to lower costs: BNM

KUALA LUMPUR: Migrant remittances have grown four-fold in just the last seven years to RM 32.0 billion, with non-bank service providers now accounting for two thirds of all remittances said deputy Bank Negara Malaysia governor Datuk Muhammad Ibrahim. The rapidly growing remittance market in Malaysia and other emerging economies call for lower remittance costs and […]

November 25, 2015 | By | Reply More