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April 18: Ringgit closes higher against US dollar

April 18: Ringgit closes higher against US dollar

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar today as improved oil prices bolstered buying interest for the local note. At 6pm, the local unit was quoted at 3.8880/8910 from 3.8885/8925 on Tuesday. Meanwhile, the ringgit closed mostly higher against a basket of other major currencies. It rose against the Singapore dollar […]

April 18, 2018 | By | Reply More
Ringgit closes marginally higher against greenback

Ringgit closes marginally higher against greenback

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar today as the improved oil prices bolstered buying interests for the local note, said a dealer. At 6pm, the ringgit was quoted at 3.8880/8910 from 3.8885/8925 on Tuesday. The benchmark Brent crude was trading 0.7 per cent higher at US$72.08 per barrel. OANDA Head […]

April 18, 2018 | By | Reply More
Sean Wong to lead Isobar Malaysia as CEO

Sean Wong to lead Isobar Malaysia as CEO

KUALA LUMPUR: Dentsu Aegis Network Malaysia today announces the appointment of Sean Wong as chief executive officer of Isobar Malaysia, Dentsu Aegis Network’s full-service digital agency. Wong reports to Nicky Lim, CEO of Dentsu Aegis Network Malaysia, and is a member of the network group’s executive committee. His appointment was effective April 16, Dentsu said […]

April 18, 2018 | By | Reply More
CVC Capital close to buying Munchy Group for RM1.1b

CVC Capital close to buying Munchy Group for RM1.1b

KUALA LUMPUR: CVC Capital Partners is close to an agreement to buy Malaysian snack food maker Munchy Group, according to people with knowledge of the matter. The deal could value Munchy at RM1.1bil (US$283mil), the people said, asking not to be identified because the discussions are private. The buyout firm has approached banks to obtain […]

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Europe's venture capitalists embrace virtual currency craze

Europe's venture capitalists embrace virtual currency craze

LONDON: Some of Europe’s biggest venture capital firms are buying into sales of new virtual coins or asking their investors to give them the freedom to do so, in a sign of mainstream investor backing for the booming but controversial crowd-funding tool. Germany’s HV Holtzbrinck Ventures, which has more than 1 billion euros ($1.23 billion) […]

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Malaysian stock market remains attractive to foreign investors

Malaysian stock market remains attractive to foreign investors

 KUALA LUMPUR: Foreign investors continue to look at the Malaysian stock market as an attractive investment destination in the region because of its corporate earnings prospects as well as stable economy. So far this year, a total of RM2.9 billion net of foreign funds had been injected into Bursa Malaysia as of today (April 18), […]

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Leonardo plans to set up helicopter components repair services locally

Leonardo plans to set up helicopter components repair services locally

KUALA LUMPUR: Leonardo SpA, an Italian global multinational aerospace, defence and security company, formerly Leonardo-Finmeccanica, is poised to grow its business presence in Malaysia with firm commitment to set up helicopter components repair services locally. Leonardo Helicopters vice president Asia Pacific Global Sales, Vincenzo Alaimo said the plan is expected to materialise in phases by […]

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Dare to be rare

Dare to be rare

Roger Dubuis dares to be rare. And indeed they did exactly that. Partnering with Perfect Fit Pirelli and Raging Mechanics Lamborghini Squadra Corse, The Excalibur Aventador S Blue and the Excalibur Adventador S Pink Gold brings perfection to Roger Dubuis. Both these watches are propelled by the specially developed and impressive Duotor (double balance wheels) […]

April 18, 2018 | By | Reply More
MAA: New vehicles sales rose 23.3pct in March

MAA: New vehicles sales rose 23.3pct in March

KUALA LUMPUR: New vehicles sales rose 23.3 per cent or 9,045 units month-on-month to 49,985 in March, said the Malaysian Automotive Association. However, the figure was seven per cent or 3,733 units lower than the 53,718 units sold in the corresponding month in 2017. The MAA attributed the March sales to longer working month as […]

April 18, 2018 | By | Reply More
GST compliance has improved

GST compliance has improved

KUALA LUMPUR: Compliance in Goods and Services Tax (GST) has improved, said Royal Malaysian Customs Department deputy director of GST division Mohamad Sabri Saad. “In terms of submissions it is 90%, out of the 470,000 who are registered,” he told reporters at the Malaysian Tax Conference 2018 today. However, Mohamad Sabri said tax education is […]

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