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Indonesia AirAsia licensing dangling by the thread

Indonesia AirAsia licensing dangling by the thread

PETALING JAYA: The Indonesian Ministry of Transportation has extended the deadline for airlines to have positive shareholder equity by end of September but chances of Indonesia AirAsia (IAA) complying is dicey. IAA, the Indonesian affiliate of AirAsia Bhd, could be banned from flying if it fails to comply. IAA is one of 12 airlines affected […]

August 10, 2015 | By | Reply More
Affin Bank buys TRX land for RM255m

Affin Bank buys TRX land for RM255m

PETALING JAYA: Affin Bank Bhd is acquiring 54,266 sq ft of land within the financial quarter of the Tun Razak Exchange (TRX) international financial district for RM255 million to house its new headquarters. 1MDB Real Estate, the master developer of TRX, said the sale and purchase agreement (SPA) with Affin Bank was signed after extensive […]

August 10, 2015 | By | Reply More
Bank Negara caught in a Catch-22 situation

Bank Negara caught in a Catch-22 situation

PETALING JAYA: Malaysia’s international reserves, which fell below the US$100 billion (RM393 billion) level for the first time since September 2010 recently, has put Bank Negara Malaysia (BNM) between a rock and hard place, with the ringgit continuing its free fall. “Given the sharp ringgit depreciation, we see BNM in a policy dilemma. On one […]

August 10, 2015 | By | Reply More
Bloodbath at KLCI as foreign exchange reserves and ringgit continue to free fall

Bloodbath at KLCI as foreign exchange reserves and ringgit continue to free fall

PETALING JAYA: Malaysia’s stock market tumbled 28.28 points or 1.68% to more than a two-year low yesterday on concerns over the continued slump in the ringgit and political uncertainties. The FBM KLCI nose dived as much as 33.53 points or 1.99% to an intra-day low of 1,649.12 points, before closing at 1,654.37 points. Almost all […]

August 10, 2015 | By | Reply More
Reinvigorating SMEs in Ebola-stricken Liberia

Reinvigorating SMEs in Ebola-stricken Liberia

Liberia, Aug 10: A fresh deal between the African Development Bank (AfDB) and Access Bank Liberia Ltd (ABL) that should boost small and medium-sized businesses in Liberia has been finalised. The technical assistance partnership agreement inked recently is expected to enhance ABL’s reach to Liberian Micro, Small and Medium Enterprises (MSMEs). The deal is supported […]

August 10, 2015 | By | Reply More
Affin Bank buys TRX land for new HQ

Affin Bank buys TRX land for new HQ

KUALA LUMPUR: 1Malaysia Development Bhd Real Estate (1MDB RE) has inked a deal with Affin Bank Bhd today to acquire a plot of land measuring 823,439 sq ft in the Tun Razak Exchange (TRX) to develop its new headquarters (HQ) for RM255 million. The plot, earmarked for a 35-storey Prime Grade A office block, will […]

August 10, 2015 | By | Reply More
Ringgit closes lower against dollar

Ringgit closes lower against dollar

KUALA LUMPUR: The ringgit continued its downtrend to close lower today, dealers said. At 5pm, the ringgit was quoted at 3.9270/9300 against the US dollar from 3.9220/9250 on Friday. The local unit, a dealer said, was dragged down by falling commodity prices and on expectations of the US Federal Reserve hiking interest rates next month. […]

August 10, 2015 | By | Reply More
Persistent selling in heavyweights drags Bursa lower

Persistent selling in heavyweights drags Bursa lower

KUALA LUMPUR: Persistent selling across the board particularly in heavyweight counters dragged Bursa Malaysia to close sharply lower today, dealers said. The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 28.28 points to close at 1,654.37, after fluctuating between 1,649.12 and 1,672.57 throughout the day. A dealer said the market confidence remained fragile amid weak internal […]

August 10, 2015 | By | Reply More
AirAsia and PBMT Indonesia to support the development of productive communities in Indonesia

AirAsia and PBMT Indonesia to support the development of productive communities in Indonesia

JAKARTA: Asia’s largest low-cost carrier AirAsia and one of the world’s largest Syariah micro finance groups, Perhimpunan BMT (PBMT) Indonesia today signed a collaborative agreement to support the development of productive communities in Indonesia with the aim of generating positive social impact. Productive communities are where the impoverished are being engaged in meaningful activities, enabling […]

August 10, 2015 | By | Reply More
UNISAME urges the 9th Pakistan SME Conference 2015 to emphasise on sector priority

UNISAME urges the 9th Pakistan SME Conference 2015 to emphasise on sector priority

Lahore, Aug 10: The Union of Small and Medium Enterprises (UNISAME) intends to present a road map to the government for the uplift of the micro, small to medium sized entrepreneurs and present a 13 points doable agenda at the 9th SME Conference 2015 to be held on Aug 25, 2015 at a local hotel […]

August 10, 2015 | By | Reply More