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IRB: No timeline yet for cryptocurrency guidelines

IRB: No timeline yet for cryptocurrency guidelines

KUALA LUMPUR: The Inland Revenue Board (IRB) is still in the midst of studying the cryptocurrency market and no timeline has been set for the release of the cryptocurrency guidelines, said its regulations and treaty division director Mohamad Fauzi Saat. “We’re studying thoroughly before we can issue guidelines on cryptocurrencies. We’ll come out with simple […]

April 17, 2018 | By | Reply More
Retailers believe in customer service and human touch, not price war

Retailers believe in customer service and human touch, not price war

KUALA LUMPUR: Retailers believe that offering professional customer service and a human touch in the advent of digital technology is the way to retain customers and boost sales amid concerns of customers making purchases elsewhere after they seek information from stores. Tigas Alliance Group CEO and founder Simone Lee said its investments into the company […]

April 17, 2018 | By | Reply More
Zelan gets arbitration notice from Hitachi

Zelan gets arbitration notice from Hitachi

PETALING JAYA: Engineering and construction group Zelan Bhd’s wholly owned subsidiary Zelan Holdings (M) Sdn Bhd (ZHSB) has received an arbitration notice from Hitachi Ltd on disputes and differences arising from a sub-contract to supply, deliver, install, test and commission a water cooled chiller. Hitachi is claiming against ZHSB, an aggregate amount of AED15.21 million […]

April 17, 2018 | By | Reply More
MB World divests stake in subsidiary

MB World divests stake in subsidiary

PETALING JAYA: MB World Group Bhd is disposing its 100% stake in its loss making subsidiary Emas Kiara Marketing & Engineering (EKME) Sdn Bhd to an undisclosed buyer for RM1.66 million. The group said in a stock exchange filing the disposal is in line with its intention to dispose of its non-profitable and non-core businesses. […]

April 17, 2018 | By | Reply More
RHB seeks more credit card partnerships

RHB seeks more credit card partnerships

KUALA LUMPUR: RHB Banking Group (RHB Bank) plans to establish more credit card partnerships this year, targeting to have 20 such arrangements by end 2018 from 11 currently. Managing director Datuk Khairussaleh Ramli said the bank is committed to offer the very best to its clients, and partnerships with different organisations can help meet this […]

April 17, 2018 | By | Reply More
Trade curbs, tighter funding seen as ‘top risks’ to region: Moody's poll

Trade curbs, tighter funding seen as ‘top risks’ to region: Moody's poll

SINGAPORE: Trade restrictions and tighter funding conditions pose more of a risk to the region compared to interest rate shocks and geopolitical tensions, said Moody’s Investors Service. Trade protectionism and the unexpected tightening of funding conditions were each named by 42% of participants as the main downside risk to the region, according to Moody’s “Cross-Sector […]

April 17, 2018 | By | Reply More
Trade curbs, tighter funding the ‘top risks’

Trade curbs, tighter funding the ‘top risks’

SINGAPORE: Trade restrictions and tighter funding conditions pose more of a risk to the region compared to interest rate shocks and geopolitical tensions, said Moody’s Investors Service. Trade protectionism and the unexpected tightening of funding conditions were each named by 42% of participants as the main downside risk to the region, according to Moody’s “Cross-Sector […]

April 17, 2018 | By | Reply More
RM463m net operational surplus for PIDM

RM463m net operational surplus for PIDM

PETALING JAYA: Perbadanan Insurans Deposit Malaysia (PIDM) has reported a total income of RM575.4 million last year with an operational net surplus of RM463 million, increasing its total funds and reserves to RM3.6 billion. PIDM is a statutory body that provides protection against the loss of deposits and insurance or takaful benefits with its member […]

April 17, 2018 | By | Reply More
Malaysia's current reseemPre 17 Apr 206and wan US$20.2b in 1998 when Dr M was PM

Malaysia's current reseemPre 17 Apr 206and wan US$20.2b in 1998 when Dr M was PM

<p>KUALA LUMPUR: Malaysia’s reseemPrehave increased 17 Aprfrom just over US$20 billion in August 1998 when Tun Dr Mahathir Mohamad was the prime minister and Datuk Seri Anwar Ibrahim was finance minister.</p> © New Straits Times Press (M) Bhd

April 17, 2018 | By | Reply More
Malaysia's current reserves vastly higher than US$20.2b in 1998 when Dr M was PM

Malaysia's current reserves vastly higher than US$20.2b in 1998 when Dr M was PM

KUALA LUMPUR: Malaysia’s reserves have increased vastly from just over US$20 billion in August 1998 when Tun Dr Mahathir Mohamad was the prime minister and Datuk Seri Anwar Ibrahim was finance minister. Barisan Nasional strategic communications deputy director Datuk Eric See-To noted that the country’s international reserves had risen persistently amid strong exports and capital […]

April 17, 2018 | By | Reply More