Business

Time to invest in Malaysia, says Credit Suisse

Credit Suisse has said that now is the time for investors to place their funds into the country's stocks as "current valuations indicate that...

Jack Ma to launch Alibaba’s regional distribution hub in Malaysia: sources

Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in...

Ringgit to extend recovery against US dollar next week

The ringgit is likely to extend its recovery against the US dollar next week, as market sentiment has shifted more towards emerging market currencies,...

Sales value of motor vehicles up in January, 2017

Sales of motor vehicles business in Malaysia rose 3.7% to RM11.4bil in January 2017 from a year ago but it fell 9.4% from December...

Petronas not affected by weaker oil price

The recent oil prices pull-back will not affect Petroliam Nasional Bhd's (Petronas) spending given that the local oil major has pegged its capital expenditure...

XOX Mobile targets two million subscribers

XOX Mobile, Malaysia's first mobile virtual network operator, targets two million subscribers this year. XOX Bhd group chief executive officer Ng Kok Heng said there...

Malaysia gold industry grows

While Malaysia's gold industry has been dominated by its downstream sector, it is interesting to note that the upstream sector has grown three-fold in...

China eager to invest in four key areas in Malaysia

China wants strategic partnerships with Malaysia in four industries good potential for growth– seafood, solar energy, rubber and tourism. In saying this, China Ambassador to...

Sasbadi secures deal to publish past year exam papers

Sasbadi Holdings Bhd's wholly owned subsidiary Sasbadi Sdn Bhd (SSB) has entered into two publishing agreements with the Malaysian Examination Council (MPM). Under the agreement,...

China to build RM3b Kedah fishery terminal

China is looking to build a RM3bil Kedah Integrated Fishery Terminal (KIFT) in Kuala Kedah for landing and processing of tuna fish. The project has...

Ringgit opens higher against USD

The ringgit was marginally higher against the US dollar in early trade today, against the backdrop of impending interest rate hike by the United...

MRT Corp contracts for Gadang subsidiary, companies worth RM2.73b

Gadang Holdings Bhd's wholly-owned unit, Gadang Engineering (M) Sdn Bhd (GESB), has bagged a RM952.09 million contract from Mass Rapid Transit Corporation Sdn Bhd...

Ringgit opens higher against USD

The ringgit opened slightly higher against the US dollar as investors' interest shifted towards the ringgit, ahead of the release of US jobs data. As...

Petronas inks LNG deal with HKE

Petronas through its subsidiary, Malaysia LNG Sdn. Bhd. (MLNG) has signed a 10-year liquefied natural gas (LNG) supply agreement with Hokkaido Electric Power Company...

Malaysia service sector exports to grow 8% yearly for next 15 years

Malaysia's service sector exports should rise by an average of 8% annually over the next 15 years, with tourism continuing to contribute over a...

Emirates Airline bookings to US down 35% after travel ban

Emirates Airline, the world's largest long-haul carrier, said on Thursday it was concerned President Donald Trump's latest travel order will still deter Muslim visitors...

Ringgit opens lower against USD

The ringgit opened lower against the US dollar as investors' interest shifted towards the greenback on rising US Treasury yields. As at 9.07 am today,...

Sarawak to acquire Bakun Dam in RM2.5 billion deal

Sarawak will acquire the entire equity interest of Sarawak Hidro Sdn Bhd, the owner and operator of the Bakun Hydroelectric Dam, for RM2.5 billion. Sarawak...

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