Saturday, January 21, 2017

Business

Perodua targets 2017 sales to surpass 200,000 units

Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has set a sales target of 202,000 units for 2017, a contraction of 2% from the 207,100 units...

Malaysia’s investment prospects remain bright – MICCI

Malaysia's investment prospects remain bright despite the unexciting global economic growth, says Malaysian International Chamber of Commerce and Industry (MICCI). Its President, Jalilah Baba said...

Ringgit opens lower against USD

The ringgit extended losses from Monday to open lower against the US dollar today on growing concerns over expected comments from US Federal Reserve...

Bank Negara’s intervention helped to stabilise short-term rates

Short-term interbank rates closed stable today on Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system. The liquidity surplus in the...

Malaysian event management company listed in Australia

E-Plus Limited (E-Plus), one of Asia’s leading events management company, began trading today at 10:00AM Australia Eastern DaylightTime (GMT +10) on the National Stock...

Ringgit opens flat against USD

The ringgit opened almost flat against the US dollar this morning on lack of demand and amid mixed performance with regional peers, dealers said. At...

PNB subsidiary completes Mydin Mall Seremban 2 purchase for RM 240 million

Permodalan Nasional Bhd's (PNB) wholly-owned unit, Pelaburan Hartanah Nasional Bhd (PHNB), has completed the acquisition of Mydin Mall Seremban 2 for a purchase consideration...

Ringgit likely to improve to 4.40 against US dollar next week

The ringgit is likely to improve to 4.40 level against the US dollar next week as sentiment towards the local note has started to...

Takata to plead guilty, pay $1 billion U.S. penalty over air bag defect

Japan's Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and to pay US$1 billion to resolve a U.S. Justice Department investigation...

AirAsia to list in Hong Kong Stock Exchange

AirAsia Group is looking at a secondary listing of the airline, AirAsia Bhd, on the Hong Kong Stock Exchange (HKSE) and hopes that it can...

Companies raise almost a trillion from capital market over last decade – Najib

The Malaysian capital market has been a vibrant source of fundraising and investment as evident from the healthy RM978 billion raised through it over...

Trump says pharma ”getting away with murder,” stocks slide

U.S. President-elect Donald Trump on Wednesday said pharmaceutical companies are "getting away with murder" in what they charge the government for medicines, and promised that would change,...

Trump to cede ‘complete’ control of business to sons

Donald Trump said Wednesday he had formally handed "complete and total" control of his business empire to his adult sons, Don Jr and Eric,...

Malaysian economy to grow by 4.3% in 2017 – World Bank

The World Bank expects Malaysia's economy to grow by 4.3% in 2017 and further expand by 4.5% next year as an adjustment to lower...

Finance ministry to issue tax exemption order for religious institutions – Johari

The Finance Ministry will issue a tax exemption order for religious institutions following the confusion arising from the amendment to paragraph 13 (1) Table...

Mara sells its 12-storey office building in Australia

Majlis Amanah Rakyat's (Mara) subsidiary Mara Inc has relinquished one of its four properties in Australia as a way to clear bank borrowings. Mara Inc...

Malaysia’s economy to grow by 4.2% this year – OCBC

Malaysia's economy is expected to grow by 4.2% this year, OCBC Bank said in its Global Outlook 2017 Report. It said that although domestic consumption...

EHP stake acquisition a long-term strategic investment for Felda – Razali

The acquisition of a 37 per cent stake in Indonesia's PT Eagle High Plantations Tbk (EHP) is a strategic investment for the Federal Land...

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