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No Cash, No Pain: What if You Woke Up to No Paper Money?

No Cash, No Pain: What if You Woke Up to No Paper Money?

Singapore, SINGAPORE – What if we wake up one day and find that all the paper money that we are familiar with has disappeared? We might shake our empty wallets but it would do us no good. Yet all is not lost, we still have access to cryptocurrencies. Blockchain-based technology has already ushered in a […]

October 21, 2018 | By | Reply More
Govt urged to focus on reducing  operating expenses

Govt urged to focus on reducing operating expenses

PETALING JAYA: Local economists, analysts and a think tank have urged Prime Minister Tun Dr Mahathir Mohamad’s administration to focus on reducing the government’s operating expenditure, which has been persistently high over the years. The view comes after Mahathir’s presentation on the 11th Malaysia Plan’s mid-term review in Parliament last week, which saw the government […]

October 21, 2018 | By | Reply More
11MP mid-term review unlikely to excite equity market: MIDF Research

11MP mid-term review unlikely to excite equity market: MIDF Research

PETALING JAYA: The mid-term review of the 11th Malaysia Plan is not enough to excite the equity market in the near term as it provides no material surprises that may spur significant buying interest, according to MIDF Research. The research house has made no changes to its earnings forecasts as well as target prices of […]

October 21, 2018 | By | Reply More
Petronas' Oman unit to buy 10%
stake in Al Khazzan gas field

Petronas' Oman unit to buy 10% stake in Al Khazzan gas field

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) said today its subsidiary would buy a 10% stake in Oman’s Al Khazzan gas field, following a bidding exercise held by the exploration arm of state-owned Oman Oil Co. The Petronas unit, PC Oman Ventures Ltd, would acquire the stake in Block 61 of the field, which is expected […]

October 21, 2018 | By | Reply More
Foreigners sold net US$1.1 bln of Saudi stocks in week to Oct 18

Foreigners sold net US$1.1 bln of Saudi stocks in week to Oct 18

The Saudi stock market is down about 4% since Khashoggi’s disappearance. (AFP pic) DUBAI: Foreigners sold a net 4.01 billion riyal (US$1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday – one of the biggest selloff since the market opened to direct foreign buying in mid-2015. The selloff […]

October 21, 2018 | By | Reply More
Petronas buys 10% stake in Oman’s Al Khazzan field

Petronas buys 10% stake in Oman’s Al Khazzan field

Malaysia’s iconic Twin Towers are seen behind a logo of Malaysian oil and gas company Petronas at a petrol station in Kuala Lumpur. (AFP pic) KUALA LUMPUR: Malaysia’s Petroliam Nasional Berhad (Petronas) said on Sunday its subsidiary would buy a 10% stake in Oman’s Al Khazzan gas field, following a bidding exercise held by the […]

October 21, 2018 | By | Reply More
Deja vu for weary pound traders as focus stays on UK politics

Deja vu for weary pound traders as focus stays on UK politics

With the European Union proposing an extension to the transition period following Britain’s March exit from the bloc, Prime Minister Theresa May faces opposition to that prospect from her own party. Given reports that her rivals are manoeuvring against her, the pound could be vulnerable to headlines. “Theresa May has actually managed to unify the […]

October 21, 2018 | By | Reply More
Cloudy outlook for construction

Cloudy outlook for construction

PETALING JAYA: The outlook for the construction sector remains cloudy, with muted impact from the 11th Malaysia Plan (11MP) mid-term review, said analysts. “Given the government’s intention to consolidate its fiscal position, we are of the view that the sector outlook will remain cloudy in the interim owing to the lack of near term catalysts,” […]

October 21, 2018 | By | Reply More
Market value of MyEG, Datasonic dives in wake of charges against Zahid

Market value of MyEG, Datasonic dives in wake of charges against Zahid

PETALING JAYA: MyEG Services Bhd, which lost almost a quarter of its market value before trading in its shares was suspended last Friday, said it received written confirmation from the Malaysian Anti-Corruption Commission (MACC) that the company and its board of directors are not under investigation, and is not a party to the investigation leading […]

October 21, 2018 | By | Reply More
National entrepreneur development policy on the way

National entrepreneur development policy on the way

KUALA LUMPUR: The Ministry of Entrepreneur Development (MED), which was set up on July 2, 2018, is formulating an inclusive and competitive National Entrepreneurship Policy following the tabling of the mid-term review of the 11th Malaysia Plan by Prime Minister Tun Dr Mahathir Mohamad last Thursday. In a statement today, the ministry said this is […]

October 21, 2018 | By | Reply More