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Being paranoid is part of risk management, says Zeti

Being paranoid is part of risk management, says Zeti

KUALA LUMPUR: “Being paranoid” is a form of risk management that central bankers should possess, Bank Negara Malaysia Governor Tan Sri Zeti Akhtar Aziz said. Also referred to as productive paranoia, it allows central bankers to know what could go wrong and prepare for the worst that is yet to come. Speaking during her address […]

December 1, 2015 | By | Reply More
FGV shares rise in early session

FGV shares rise in early session

KUALA LUMPUR: Shares of Felda Global Ventures Bhd (FGV) rose in the early session today with the company no longer pursuing its plan to acquire PT Eagle High Plantations. As at 10.20 am, shares of FGV were traded five sen higher at RM1.82 with 3.76 million units transacted. Yesterday, FGV said the group was in […]

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Asian shares log solid gains, shrug off China PMI

Asian shares log solid gains, shrug off China PMI

TOKYO: Asian shares were solidly higher on Tuesday, shrugging off a Chinese factory survey that did little to ease concerns about cooling growth and taking some comfort from a private survey showing a glimmer of stabilisation. MSCI’s broadest index of Asia-Pacific shares outside Japan extended early gains and was up 1.6 percent, while Japan’s Nikkei […]

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China orders factories shut as smog nightmare continues

China orders factories shut as smog nightmare continues

BEIJING: China has ordered thousands of factories to shut as it grapples with swathes of choking smog that were nearly 24 times safe levels on Tuesday, casting a shadow over the country’s participation in Paris climate talks. A thick grey haze shrouded Beijing, with the concentration of PM 2.5, harmful microscopic particles that penetrate deep […]

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SGX launches suite of 11 equity indices

SGX launches suite of 11 equity indices

SINGAPORE: The Singapore Exchange (SGX) on Tuesday (Dec 1) launched a suite of 11 equity indices in an effort to encourage the formation of exchange traded funds (ETFs) that invest in Singapore stocks. Called SGX Thematic Indices, the new indices are based on stocks in the Real Estate, Healthcare, Minerals, Oil & Gas and Maritime […]

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Bank Negara mulls increasing holdings of China's yuan

Bank Negara mulls increasing holdings of China's yuan

KUALA LUMPUR: Bank Negara Malaysia will consider increasing the holding of China’s yuan in the country’s international reserves following the inclusion of yuan in the International Monetary Fund’s (IMF) special drawing rights (SDR) currency basket. “We’ll assess that carefully,” central bank governor Tan Sri Dr. Zeti Akhtar Aziz told reporters at the sidelines of the […]

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Singapore business confidence tumbles to historic low: SCCB

Singapore business confidence tumbles to historic low: SCCB

SINGAPORE: Business confidence in Singapore for the next quarter has tumbled to a historic low amid concerns over a dip in consumer demand globally, according to the Singapore Commercial Credit Bureau’s (SCCB) Business Optimism Index (BOI). The Republic’s BOI score fell from +0.14 percentage points in the fourth quarter of 2015 to -2.93 percentage points […]

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UEM Sunrise, WCT form JV for RM3b project

UEM Sunrise, WCT form JV for RM3b project

KUALA LUMPUR: UEM Sunrise Bhd and WCT Holdings Bhd today entered into a partnership to develop 10 parcels of freehold land measuring 608 acres in Hulu Selangor. The partnership will materialize in a 50:50 joint venture (JV) company, tasked to develop the integrated, mixed-development township. The development has a targeted gross development value of RM3 […]

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Al Jalila Foundation and Dubai SME launch Al Jalila Foundation Healthcare Innovation Center (in2Hc) to advance UAE medical entrepreneurship

Al Jalila Foundation and Dubai SME launch Al Jalila Foundation Healthcare Innovation Center (in2Hc) to advance UAE medical entrepreneurship

Dubai, Dec 1: Al Jalila Foundation and Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, have signed a partnership agreement to launch Al Jalila Foundation Healthcare Innovation Center (in2Hc), the UAE first healthcare incubator.   The in2Hc (read as: into […]

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3% wage subsidy for older workers extended

3% wage subsidy for older workers extended

SINGAPORE: The wage subsidy for Singaporean workers aged 65 and above has been extended until the new re-employment age of 67 comes into effect, the Manpower Ministry and Finance Ministry announced on Tuesday (Dec 1). During Budget 2015, the Government announced a wage offset of up to 3 per cent for Singaporean workers aged 65 […]

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