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CIMB appoints Hendra Lembong as Chief Fintech Officer

CIMB appoints Hendra Lembong as Chief Fintech Officer

Bernama KUALA LUMPUR: CIMB Group (CIMB) has appointed Hendra Lembong as chief fintech officer, effective June 1. In a statement here, group chief executive officer of CIMB, Datuk Seri Tengku Zafrul Aziz said he was pleased to have Hendra take on the new role. “CIMB Fintech is a strategic unit for CIMB to examine and invest […]

June 11, 2018 | By | Reply More
Daya Materials aims restructuring plan submission in August

Daya Materials aims restructuring plan submission in August

PETALING JAYA: Practice Note 17 (PN17) company Daya Materials Bhd is looking to submit its regularisation plan to Bursa Malaysia Securities Bhd in August before the deadline of March 2019. Speaking to reporters after its AGM today, Daya Materials CEO and executive vice chairman Datuk Lim Thean Shiang said the group is in the midst […]

June 11, 2018 | By | Reply More
Palm oil stocks down 0.51 per cent in May

Palm oil stocks down 0.51 per cent in May

<p>KUALA LUMPUR: Total palm oil stocks fell 0.51 per cent in May 2018 to 2.17 million tonnes from 2.18 million tonnes recorded in preceding April.</p> © New Straits Times Press (M) Bhd

June 11, 2018 | By | Reply More
Malaysia's manufacturing April sales grew 8.2 per cent to RM65.5b

Malaysia's manufacturing April sales grew 8.2 per cent to RM65.5b

<p>KUALA LUMPUR: Malaysia’s April 2018 manufacturing sales recorded a growth of 8.2 per cent in rising to RM65.5 billion as compared to RM60.5 billion reported a year ago.</p> © New Straits Times Press (M) Bhd

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Brendan Kelly: Why rich China should stop pretending it’s poor

Brendan Kelly: Why rich China should stop pretending it’s poor

China has moved up the global value chain dramatically, with a world-class export sector bigger than that of any other G-20 economy. The China flag on the right, alongside the flag of Hong Kong. (Reuters pic) CHICAGO: Almost any foreign official, businessman or journalist visiting Beijing has heard the mantra that China can’t be expected […]

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Swiss reject plan that would have revolutionized banking

Swiss reject plan that would have revolutionized banking

Vollgeld, as the plan is known in German, was the latest in a string of national ballots in recent years that critics argued were reckless and would make Switzerland unattractive for businesses. Reject the radical. (Bloomberg pic) ZURICH: Switzerland dismissed a proposal to radically change the way banks lend money, a victory for the financial […]

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Xiaomi unveils big loss as it prepares to hawk IPO to investors

Xiaomi unveils big loss as it prepares to hawk IPO to investors

Xiaomi Corp. revealed it lost more than $1 billion in the first three months, as the Chinese smartphone maker prepares to persuade investors to buy into the largest initial public offering since 2014. Employees, left, stand as customers browse inside a Xiaomi Corp. store in Beijing, China, on Tuesday, April 3, 2018. (Bloomberg pic) BEIJING: […]

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IPI up 4.6% in April 2018

IPI up 4.6% in April 2018

PETALING JAYA: The Industrial Production Index (IPI) increased by 4.6% in April 2018 as compared with the same month of the previous year, supported by the increase in all indices manufacturing (5.3%), mining (1.8%) and electricity (5.8%), according to the Statistics Department. The manufacturing sector output rose by 5.3% in April 2018 after recording a […]

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Manufacturing sector posts RM65.5b sales in April 2018

Manufacturing sector posts RM65.5b sales in April 2018

PETALING JAYA: Malaysia’s April manufacturing sales recorded a growth of 8.2%, rising to RM65.5 billion as compared to RM60.5 billion reported a year ago, according to the Statistics Department. Year-on-year, the significant increase in sales value in April 2018 was due to the increase in electrical and electronics products (13.9%), petroleum, chemical, rubber and plastic […]

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Asian traders cautious after G7 debacle, eyes on Trump-Kim summit

Asian traders cautious after G7 debacle, eyes on Trump-Kim summit

Asian markets fluctuated Monday after the G7 meeting ended with deep divisions between the US and its allies, while investors are looking ahead to Donald Trump’s summit with North Korean leader Kim Jong Un. While the historic gathering in Singapore is the big story of the week, key central bank decisions in the US and […]

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