Indonesia explores economic opportunities with Labuan as it relocates capital

LABUAN, Indonesia has identified various economic and investment areas in which it can cooperate with Labuan in line with the plan to shift its capital from Jakarta to East Kalimantan.Hot on the heels of Indonesian Defence Minister Prabowo Subianto's t...

Singapore-listed Nam Cheong to build shipyard in Labuan

LABUAN, Kiamsam is poised to be a new economic growth catalyst for Labuan as Malaysia's largest offshore support vessel (OSV) builder Nam Cheong Dockyard Sdn Bhd will invest RM60 million to turn the existing Labuan Halal Hub Complex there into

DPUKM inks MoU to bring Malaysian products worth 20 mln RMB to China

CHANGSHA (China), The Malaysian Small Entrepreneurs Chamber of Commerce (DPUKM) today signed a memorandum of understanding (MoU) with one of China's leading hypermarkets, E-Fresh Food Corporation Ltd, for the sale of 20 million renminbi (about RM12 mil...

MED eyes 45 pct SME contribution to GDP in 5 years

ALOR GAJAH, The Ministry of Entrepreneur Development (MED) aims to raise the contribution of small and medium enterprises (SMEs) to gross domestic product to 45 per cent from 38.3 per cent currently within five years with the implementation of the

Alibaba launches Hong Kong public offering

KUALA LUMPUR, Alibaba Group Holding Ltd has launched its Hong Kong public offering, which forms part of the global offering of 500 million new ordinary shares and listing of its ordinary shares on the Main Board of The Stock

Mark Green heads Imperial Capital’s Special Situations and Structured Credit

KUALA LUMPUR, Imperial Capital LLC (Imperial Capital), a full-service investment bank has hired Mark Green as Head of Special Situations and Structured Credit, based in New York.Green will be responsible to expand the firm's credit sales, trading and ...

India’s October palm oil imports declines 11.5 per cent

NEW DELHI, India's palm oil imports in October declined by 11.5 per cent compared with the previous month, while its overall monthly vegetable oil imports grew by about six per cent.Palm oil imports totalled 778,568 tonnes last month, with

Digitalisation the way forward for Pos Malaysia – Group CEO

PUTRAJAYA, Pos Malaysia Bhd plans to invest over RM300 million in the next few years to boost its parcels processing capacity, said group chief executive officer Syed Md Najib Syed Md Noor.He said digitalisation and service improvements are the

Underdog round to develop disease-modifying treatments for atherosclerosis

KUALA LUMPUR, Underdog Pharmaceuticals Inc (Underdog) and SENS Research Foundation (SRF) have launched Underdog and announced the completion of its seed round.The seed round provides US$3.95 million to promote Underdog's development of disease-modifyi...

Malaysia’s GDP grew 4.4 pct in 3Q

KUALA LUMPUR, The Malaysian economy grew 4.4 per cent in the third quarter of 2019 (Q3 2019), moderately lower compared with the 4.9 per cent growth recorded in Q2 2019, says Bank Negara Malaysia (BNM).GDP growth was recorded at