Recent Articles

Mida in JV with Cosmetic Valley France

Mida in JV with Cosmetic Valley France

KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) signed and exchanged a memorandum of onderstanding (MoU) with Cosmetic Valley France (CVF) during a mission to Paris. In a statement, Mida said the MoU reflects the shared ambition between both entities to develop a sustainable cosmetics and personal care industry cluster in Malaysia through the sharing […]

April 23, 2018 | By | Reply More
Guocoland’s Q3 profit surges

Guocoland’s Q3 profit surges

PETALING JAYA: Guocoland (Malaysia) Bhd’s net profit jumped over six times to RM55.69 million for the third quarter ended March 31 against RM8.34 million in the previous corresponding period, mainly driven by gain on disposals of JB Parade Sdn Bhd and PD Resort Sdn Bhd to GuocoLand Hotels Pte Ltd for RM104.8 million. Its revenue, […]

April 23, 2018 | By | Reply More
Cahya Mata Sarawak chairman steps down

Cahya Mata Sarawak chairman steps down

KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) has announced that Tan Sri Syed Anwar Jamalullail is stepping down from his current position as CMSB Group Chairman effective 9 May 2018 on expiry of his contract. CMSB also announced that Dato Seri Mahmud Abu Bekir Taib, currently CMSB’s Deputy Group Chairman will take the helm as […]

April 23, 2018 | By | Reply More
Assessing Asean’s economic performance

Assessing Asean’s economic performance

ASEAN finance ministers have just concluded their 22nd meeting in Singapore, as Asean embarks on the second half of its journey toward its centennial. Having come this far to be the longest serving grouping in the developing world, it is timely to ask: How has it fared economically? Assessments of Asean as a regional integration […]

April 23, 2018 | By | Reply More
RM580m net inflow into Bursa, FBM KLCI hits record high

RM580m net inflow into Bursa, FBM KLCI hits record high

PETALING JAYA: Foreign investors lapped up RM580.2 million net worth of Bursa Malaysia-listed stocks last week, excluding off-market deals, bucking the trend of US$1.9 billion (RM7.4 billion) offloaded by foreign investors in seven exchanges in the region tracked by MIDF Research. The highlight of the week was on Thursday when foreign investors pumped RM430 million […]

April 23, 2018 | By | Reply More
KWAP may consider IAG stake if Prudential deal doesn't materialise

KWAP may consider IAG stake if Prudential deal doesn't materialise

KUALA LUMPUR: Kumpulan Wang Persaraan (Diperbadankan) (KWAP) may consider taking up Insurance Australia Group’s investment in Malaysia, if ongoing talks to buy a stake in an American insurer’s business here fails. “We are one of the institutional investors in talks with several foreign insurers seeking to pare down their local business stake to 70 per […]

April 23, 2018 | By | Reply More
Ringgit extends losses against US dollar

Ringgit extends losses against US dollar

KUALA LUMPUR: The ringgit weakened further against the US dollar today, weighed by rising US bond yields. At 6pm, the local unit was quoted at 3.8965/8995 from 3.8950/9000 on Friday. OANDA Head of Trading in the Asia-Pacific, Stephen Innes, said rising US bond yields buoyed the US dollar, despite higher oil prices, which usually play […]

April 23, 2018 | By | Reply More
Employee Wellness and Empowerment Remain Key to SAP Success

Employee Wellness and Empowerment Remain Key to SAP Success

Retaining employees, especially in key positions is vital to the success and holistic health of businesses. Today more than ever, organisations are increasingly looking towards employee experience as one of the vital building blocks towards customer satisfaction. In an economic environment encompassing so many different industry verticals, there are undeniably ‘hot’ sectors which see businesses […]

April 23, 2018 | By | Reply More
Ringgit extends losses against US dollar

Ringgit extends losses against US dollar

KUALA LUMPUR: The ringgit extended its losses against the US dollar today weighed by rising US bond yields, a dealer said. At 6pm, the ringgit was quoted at 3.8965/8995 from 3.8950/9000 on Friday. OANDA Head of Trading in Asia-Pacific, Stephen Innes, said a rising US bond yields buoyed the US dollar despite higher oil prices […]

April 23, 2018 | By | Reply More
KWAP eyes investment in US real estate

KWAP eyes investment in US real estate

KUALA LUMPUR: Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is keen to invest in the US real estate sector, said chief executive officer Datuk Wan Kamaruzaman Wan Ahmad. “Currently, our international exposure is only 13 per cent. As we seek to reap better returns to our stakeholders we need to venture out,” he told reporters in a […]

April 23, 2018 | By | Reply More