Category Archives: Business

Malaysia records stronger GDP of 4.9 per cent in Q2

KUALA LUMPUR, The Malaysian economy grew by 4.9 per cent in the second quarter of 2019 from 4.5 per cent in the first, supported by higher household spending and private investment.Bank Negara Malaysia governor, Datuk Nor Shamsiah Mohd Yunus

Maxis, Astro to offer bundled broadband with content

KUALA LUMPUR, Maxis Bhd and Astro Malaysia Holdings Bhd have announced a strategic marketing partnership to offer bundled broadband with content.In a joint statement, they said this strategic partnership would leverage on the strengths of both companie...

MITI optimistic of aerospace industry growing 10-15 per cent this year

KUALA LUMPUR, The Ministry of International Trade Industry (MITI) is optimistic of Malaysia's aerospace industry growing between 10 to 15 per cent year-on-year.its Minister, Datuk Darell Leiking said this is due to an increase in manufacturing activiti...

BRI: engagement with countries needed to ensure affordability

KUALA LUMPUR, Active engagement with participating countries of China's Belt and Road Initiative (BRI) is needed to ensure the infrastructure being developed is in line with the affordability of the respective countries.Former Minister of International...

12 SMEs to export 125 containers of food to Saudi Arabia

KUALA LUMPUR, Twelve small and medium-sized enterprises (SMEs) will export 125 containers of dry and frozen food as well as beverages to Saudi Arabia next year for 20 million Saudi riyal (RM1=SAR0.89).The deal was inked via distributorship agreements a...

e-commerce fraud complaints on the rise, says ministry

KUALA LUMPUR, The Ministry of Domestic Trade and Consumer Affairs (MDTCA) today said it receives an average of 2,500 complaints monthly, with some 26 per cent of the July 2019 figure comprising e-commerce fraud.Minister Datuk Seri Saifuddin Nasution Is...

MITI optimistic of aerospace industry growing 10-15 pct this year

KUALA LUMPUR, The Ministry of International Trade Industry (MITI) is optimistic of Malaysia's aerospace industry growing between 10 to 15 per cent year-on-year.its Minister, Datuk Darell Leiking said this is due to an increase in manufacturing activiti...

MSPO funding incentive will not be continued – Teresa

TAIPING, The government will not be extending the Malaysian Sustainable Palm Oil Certification (MSPO) incentive which ends on Dec 31 this year, said Primary Industries Minister Teresa Kok.As such, smallholders who have failed to register and take advan...

Malindo commences KL-Denpasar-Sydney service

SYDNEY, Malindo Air commenced its Kuala Lumpur-Denpasar (Bali)-Sydney service via an inaugural flight that touched down at Sydney Airport at noon local time Thursday.Flight Malindo Air OD171 carrying 141 passengers, departed from Kuala Lumpur Internati...

OCBC invests RM60 mln in YYC Group

KUALA LUMPURSingapore-based OCBC Ltd, via OCBC Bank (Malaysia) Bhd and Lion- OCBC Capital Asia Fund I (LOCAF I), has invested about RM60 million in YYC Holdings Sdn Bhd (YYC Group), a homegrown advisory firm.LOCAF I is a private equity fund