Daily Archives: October 29, 2019

Bursa Malaysia’s profit continues to ease in Q3

KUALA LUMPUR, Bursa Malaysia Bhd continued to see a contraction in its bottom line in the third quarter ended Sept 30, 2019, chalking up a net profit of RM47.10 million compared with RM50.19 million a year earlier.Revenue also declined to

Petronas LNG inks TCP with MISC, Avenir to charter LNG bunker vessel

KUALA LUMPUR, Petroliam Nasional Bhd's (Petronas) subsidiary, Petronas LNG Sdn Bhd (PLSB), has signed a Time Charter Party (TCP) with MISC Bhd and Avenir LNG Ltd to charter a 7,500-cubic metre liquefied natural gas (LNG) bunker vessel.In a statement to...

Sunway Hotels and Resorts appoints India-based travel consultancy

KUALA LUMPUR, Sunway Hotels and Resorts has appointed Enhance Hospitality to capitalise on outbound Indian travellers to Malaysia, Cambodia and Vietnam, particularly corporate travellers in the specialised meetings and incentive segments.Sunway Hotels ...

MITI approved RM91.9 bln investments in manufacturing, services and primary sectors in 1H2019

KUALA LUMPUR, Malaysia's total approved investments in the manufacturing, services and primary sectors increased 7.6 per cent to RM91.9 billion in the first half of 2019 (1H2019) from RM85.5 billion in the same period in 2018.The Ministry of Internatio...

MIDA, MATRADE to have talks with FMFTA on establishing textile hub

KUALA LUMPUR, Oct 29 (Bernama) -- The International Trade and Industry Ministry (MITI), along with its agencies, the Malaysian Investment Development Authority (MIDA) and Malaysia External Trade Development Corporation (MATRADE), are set to have talks ...

Ground Labs, Thales partner for new data privacy, security solution

KUALA LUMPUR, Ground Labs, a sensitive data discovery expert announced a strategic partnership with Thales to bring a more seamless way for organisations to discover and remediate sensitive data.The collaboration will create a unified solution that ena...

myVault offers remittance transfers to Timor-Leste unbanked population

KUALA LUMPUR, VaultID Group Ltd has created a financial and digital footprint for the 'unbanked' population via its application 'myVault', allowing remittance transfers to Timor-Leste.The application enables the onboarding of potential consumers via a ...

US, China investors remain confident in Malaysia’s business environment – MITI

KUALA LUMPUR, Investors from the United States (US) and China seem to have confidence in Malaysia's dynamic and robust business environment, which is supported by an open market-oriented economy and the government's pro-business policies, said the Inte...

Singapore’s Endowus unveils online investment platform, first CPFIS investment offerings

KUALA LUMPUR, Endowus, the first end-to-end digital adviser for investment with CPF savings has unveiled its proprietary online investment platform and first CPFIS investment offerings.The announcement follows the inclusion of Endowus partner broker, U...

Government paid RM13.9 bln to settle 1MDB, SRC debt obligations since 2017 – Lim

KUALA LUMPUR, The government has had to pay RM13.9 billion to settle the debt obligations of 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd (SRC) since 2017, says Finance Minister Lim Guan Eng.In a statement today, he said the