Recent Articles

Bank of Japan surprises markets by adopting negative interest rates

Bank of Japan surprises markets by adopting negative interest rates

SINGAPORE: The Bank of Japan (BOJ) adopted a negative interest rate policy on Friday (Jan 29), while reiterating its pledge to maintain the current pace of increasing its monetary base by 80 trillion yen (US$660 billion) a year.  The decision to put an interest rate of -0.1 per cent on current accounts held by financial […]

January 29, 2016 | By | Reply More
Freeport A'Famosa Outlet’s Grand Opening

Freeport A'Famosa Outlet’s Grand Opening

» A tourism landmark with over 600,000 visitors since its soft opening! FREEPORT A’Famosa Outlet celebrates its Grand Opening today. The Outlet offers over 80 fashion, sport, accessories, bags and shoe brands. Set in an open air mall, the Outlet has since its soft opening on Nov 28, 2015 received more than 600,000 visitors. The […]

January 29, 2016 | By | Reply More
Oil up in Asia, analysts temper hopes on Russia-OPEC talks

Oil up in Asia, analysts temper hopes on Russia-OPEC talks

January 29, 2016 SINGAPORE: Oil extended a recent rally in Asia Friday, boosted by weakness in the dollar and Russia saying it could meet the OPEC producers’ group for talks on possible output cuts to ease a painful supply glut. But analysts cautioned against putting too much hope on such talks, noting that similar discussions […]

January 29, 2016 | By | Reply More
Infrastructure projects key catalysts

Infrastructure projects key catalysts

KUALA LUMPUR: KEY infrastructure projects, which will continue as planned under the 2016 Budget adjustment, will have high economic multiplier impact on the rakyat in the long run. Prasarana Malaysia Bhd president and chief executive officer Datuk Azmi Abdul Aziz said public transportation projects such as the Light Rail Transit (LRT) 3 project, Mass Rapid […]

January 29, 2016 | By | Reply More
Inflation may exceed 4pc in Q1

Inflation may exceed 4pc in Q1

PUTRAJAYA: Malaysia’s inflation rate may exceed four per cent in the first quarter of this year before normalising, said Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz. The central bank had earlier projected inflation for this year to be around 2.5 to 3.5 per cent. She said inflation was expected to peak in […]

January 29, 2016 | By | Reply More
Recalibration  to enable  nation keep forecast growth

Recalibration to enable nation keep forecast growth

PUTRAJAYA: The 2016 Budget recalibration exercise would enable Malaysia to maintain its projected economic growth this year even if the oil prices were to fall to US$25 (RM106) per barrel, said Treasury’s secretary-general Tan Sri Mohd Irwan Serigar Abdullah. “When we did the recalibration (of the budget), we estimated the oil price at US$25 per […]

January 29, 2016 | By | Reply More
'Spectrum bidding good for all'

'Spectrum bidding good for all'

KUALA LUMPUR: THE reallocation and bidding of telecommunications spectrum will ensure that the interests of consumers, the industry and investors are taken into account, said Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak. “The government’s call to optimise spectrum resources is to achieve the vision of providing widespread communication services to all consumers, […]

January 29, 2016 | By | Reply More
Axiata shifts to SAP cloud system to drive eProcurement

Axiata shifts to SAP cloud system to drive eProcurement

KUALA LUMPUR: Axiata Group Bhd, DBA Axiata has selected Bristlecone and SAP as its partners on their journey to transform their sourcing and procurement departments, and to drive best-in-class processes. In a statement today, SAP said the procurement transformation would enable the telecommunications company to gain visibility on their spend across all the Operating Companies […]

January 29, 2016 | By | Reply More
Ringgit, stocks rise  after announcement

Ringgit, stocks rise after announcement

KUALA LUMPUR: The ringgit and stock market reacted positively yesterday to Prime Minister Datuk Seri Najib Razak’s 2016 Budget adjustment, where he maintained the nation’s fiscal deficit target and announced measures to support the economy. The ringgit rose to a seven-week high to 4.2040/2100 from 4.2530/2600 against the greenback on Wednesday. It was the highest […]

January 29, 2016 | By | Reply More
Sale restriction to benefit first-time  house buyers from middle-income group

Sale restriction to benefit first-time house buyers from middle-income group

KUALA LUMPUR: The move to restrict the sale of houses costing RM300,000 and below to first-time buyers will benefit middle-income earners, said an economist. Prof Datuk Dr John Antony Xavier from Universiti Kebangsaan Malaysia’s Graduate School of Business said first-time house buyers were currently crowded out by those buying more houses for investment and speculation. […]

January 29, 2016 | By | Reply More