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TPPA: Msia’s ratification, implementation could take as long as 2 years

TPPA: Msia’s ratification, implementation could take as long as 2 years

KUALA LUMPUR: The ratification of the Trans-Pacific Partnership Agreement (TPPA) and its possible implementation by the government could take as long as two years. Ministry of International Trade and Industry Secretary-General Tan Sri Rebecca Fatima Sta Maria said the process is expected to be a long-drawn one and would not be concluded anytime soon. Speaking […]

October 6, 2015 | By | Reply More
Samsung Elec struggles to find fix for smartphone woes

Samsung Elec struggles to find fix for smartphone woes

SEOUL: More than a year into the overhaul of its smartphone lineup, Samsung Electronics Co Ltd has yet to find a way to reverse a slide in market share or margins, clouding its growth outlook and fuelling investor impatience. The world’s largest handset maker is forecast on Wednesday to guide for its first annual increase […]

October 6, 2015 | By | Reply More
2016 Budget will be people-friendly: Tee Yong

2016 Budget will be people-friendly: Tee Yong

PETALING JAYA: The 2016 Budget will be people-friendly and bigger than the previous one in the quest to help low and middle-income groups cope with inflation and rising cost of living, Deputy Finance Minister Datuk Chua Tee Yong said. However, he declined to elaborate on measures that might be included in the budget that would […]

October 6, 2015 | By | Reply More
Obama praises TPPA negotiation conclusion

Obama praises TPPA negotiation conclusion

WASHINGTON: US President Barack Obama issued a congratulatory message on Monday on the conclusion of the much-discussed Trans-Pacific Partnership Agreement (TPPA) negotiations in Atlanta. The TPPA negotiations, which were first launched in 2005, involved Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam. According to trade experts, the TPP […]

October 6, 2015 | By | Reply More
Malaysia looks to maintain palm oil stocks at 2m tonnes: Unggah

Malaysia looks to maintain palm oil stocks at 2m tonnes: Unggah

KUALA LUMPUR: Malaysia hopes to maintain palm oil stocks at about two million tonnes from the 2.49 million tonnes recorded as at end-Sept by implementing replanting incentives and minimising imports. Minister of Plantation Industries and Commodities Datuk Amar Douglas Uggah Embas said the replanting incentives, to be implemented on Oct 1, aims to reduce by […]

October 6, 2015 | By | Reply More
Malaysia’s growth to slow to 4.7 per cent :World Bank

Malaysia’s growth to slow to 4.7 per cent :World Bank

KUALA LUMPUR: The World Bank says Malaysia’s growth will slow to 4.7per cent this year and next year before picking up in 2017 to five per cent. “There is risk of constraining policy space and filtering into the real sector activity, especially productive investment, given that more than 80 per cent of machinery investment is […]

October 6, 2015 | By | Reply More
Pacific nations reach TPP deal

Pacific nations reach TPP deal

KUALA LUMPUR: TRADE Ministers from 12 countries have reached an agreement on the Trans-Pacific Partnership (TPP) negotiations, marking the conclusion of the trade pact. In a statement yesterday, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said negotiators reached an agreement on the TPP yesterday in Atlanta, the United States, after five years of […]

October 6, 2015 | By | Reply More
‘TNB aims to fully own 1MDB’s Edra’

‘TNB aims to fully own 1MDB’s Edra’

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) intends to wholly-own 1Malaysia Development Bhd’s (1MDB) Edra Global Energy Bhd rather than be co-owners or part of a power consortium. Sources said TNB wanted to bid for the controlling stake in Edra Global Energy, but would be open to partnerships once it had secured the contract. “This is […]

October 6, 2015 | By | Reply More
KLCI futures open higher

KLCI futures open higher

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives opened higher this morning in tandem with the improving cash market. At 10.04 am, October 2015 rose 10.5 points to 1,649, November 2015 appreciated 9.5 points to 1,636, December 2015 increased 11.5 points to 1,625 and March 2016 advanced […]

October 6, 2015 | By | Reply More
KL shares higher at opening

KL shares higher at opening

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher today, in tandem with the positive overnight performance of Wall Street. At 9.47 am, the key index rose 12.28 points to 1,659.87, after opening 11.39 points better at 1,658.98. JF Apex Securities expects the FBM KLCI to test its critical resistance of 1,670 […]

October 6, 2015 | By | Reply More