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Indonesian president sets higher economic growth target for 2019

Indonesian president sets higher economic growth target for 2019

JAKARTA: Indonesia’s president unveiled today a higher 2019 growth target for Southeast Asia’s biggest economy and said the government had reacted quickly to maintain stability after turbulence in emerging markets. In his annual budget speech to parliament, President Joko Widodo set a 5.3% economic growth target for 2019, down a notch from 2018’s originally-set goal […]

August 16, 2018 | By | Reply More
Spooked investors yanked US$1.3b from emerging market stocks over the last week: IIF

Spooked investors yanked US$1.3b from emerging market stocks over the last week: IIF

LONDON: Investors rattled by events in Turkey, China and South Africa have pulled US$1.3 billion (RM5.3 billion) out of emerging market stocks in the last week and US$100 million from bonds, according to the Institute of International Finance (IIF), which tracks financial flows. An emerging market selloff has picked up pace over the last week […]

August 16, 2018 | By | Reply More
Fresh grads entering financial services not industry-ready: Institute

Fresh grads entering financial services not industry-ready: Institute

PETALING JAYA: Fresh graduates entering the financial services industry (FSI) in Malaysia are frequently not industry-ready, said the Asian Institute of Finance (AIF). According to a study titled “Bridging the Talent Gap: Financial Services Industry and Entry Level Hires in Malaysia” launched by AIF, hiring managers indicated that they are unable to find the right […]

August 16, 2018 | By | Reply More
Handal Resources net loss narrows in Q2, thanks to higher revenue

Handal Resources net loss narrows in Q2, thanks to higher revenue

PETALING JAYA: Handal Resources Bhd saw its net loss in the second quarter ended June 30 narrow to RM984,000 from RM1.3 million in the previous corresponding quarter on the back of higher revenue. Revenue for the quarter rose 25.8% to RM14.98 million compared with RM11.9 million in the same period last year, due mainly to […]

August 16, 2018 | By | Reply More
Maxis Concepts lines up RM1.6b worth of launches in FY19

Maxis Concepts lines up RM1.6b worth of launches in FY19

PETALING JAYA: Matrix Concepts Holdings Bhd aims to launch RM1.6 billion worth of new properties in the financial year ending March 31, 2019 (FY19) on the back of resilient demand from home buyers. The property developer said in a statement today the target is 27.2% higher than the RM1. 2 billion worth of launches in […]

August 16, 2018 | By | Reply More
Rehda: Lack of incentives for green building projects

Rehda: Lack of incentives for green building projects

CYBERJAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) highlighted that there is a lack of incentives to encourage developers to embark on green building development, in particular financial incentives, which do not mitigate the high upfront cost of green buildings. Its immediate past president Datuk Seri Fateh Iskandar (pix) said developers face financial […]

August 16, 2018 | By | Reply More
Hock Seng Lee's second quarter earnings up 44% on higher revenue

Hock Seng Lee's second quarter earnings up 44% on higher revenue

PETALING JAYA: Sarawak-based infrastructure company Hock Seng Lee Bhd (HSL) saw its net profit for the second quarter (Q2) ended June 30 jump 44.3% to RM14.1 million, from RM9.78 million in the previous corresponding quarter, due mainly to higher revenue. Revenue for the quarter more than doubled to RM154.2 million, compared with RM75.9 million in […]

August 16, 2018 | By | Reply More
ASNB offers discounts on Hibah Amanah and Trust Declaration fees

ASNB offers discounts on Hibah Amanah and Trust Declaration fees

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), the unit trust company of Permodalan Nasional Bhd (PNB), is offering a 45% discount on registrations for Hibah Amanah and Trust Declaration from Aug 1 to Oct 31, 2018. During the promotion campaign, investors only need to pay a registration fee of RM100 instead of the standard fee […]

August 16, 2018 | By | Reply More
Sliding currencies trigger palm oil demand concerns

Sliding currencies trigger palm oil demand concerns

KUALA LUMPUR: Sliding emerging market currencies are ringing alarm bells among traders concerned that palm oil demand will weaken across the region from China to Iran, as reduced purchasing power cuts into imports into countries like Turkey and India. With a plunging Turkish lira dragging down peer currencies, traders say they already see Indian buyers […]

August 16, 2018 | By | Reply More
July auto sales second highest monthly TIV in industry’s history

July auto sales second highest monthly TIV in industry’s history

PETALING JAYA: The automotive industry recorded its second highest monthly total industry volume (TIV) last month with 68,465 units sold, said the Malaysian Automotive Association (MAA). The association said in a statement yesterday that the sales performance was driven by reduction in prices due to the zero-rated goods and services tax (GST). “At 68,465 units, […]

August 16, 2018 | By | Reply More