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Lim: Government may set up a housing loan bank
KUALA LUMPUR: The government is considering a proposal to set up a special bank to ease the process of loans application for affordable and low-cost housing, the Dewan Rakyat was told today. However, Finance Minister Lim Guan Eng said the
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Khazanah sells stakes worth RM5.66 billion, including in Alibaba
Malaysia’s sovereign wealth fund Khazanah Nasional Bhd has sold stakes worth RM5.66 billion (US$ 1.36 billion) in seven foreign firms including Alibaba Group Holding Ltd in the first 16 months of the current government, a minister said. Khazanah, which made
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Matrade identifies products to fill in gaps due to trade conflict
KUALA LUMPUR: Malaysia External Trade Development Corporation (MATRADE) has identified various Malaysian products that could potentially fill in the gaps arising from the United States-China trade conflict. Deputy chief executive officer Mohd Mustafa Abdul Aziz said the product categories include
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Aramco IPO: Thanks but no thanks, says Petronas
KUALA LUMPUR/LONDON: With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia’s state energy company Petronas [PETR.UL] decided to take a pass yesterday. Expectations that Aramco customers and allies around the world would take
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Tech expert: Malaysia ready to deploy 5G
PUTRAJAYA: Malaysia is ready to deploy the fifth-generation (5G) mobile technology and its diverse level of use cases is one of its strengths, said a technology expert. Telecommunication-based think-tank Technology Research Project Corporate director Dr Peter Lovelock said Malaysia should
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Shares falter as China-US row over Hong Kong wrecks trade deal hopes
Global stocks took a beating today as a fresh row between Washington and Beijing over US legislation on Hong Kong threatened to undermine their trade talks and delay a “phase one” deal that investors had initially hoped to be signed
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Azbil now offers ceiling temperature sensor outside of Japan
KUALA LUMPUR: Azbil Corporation has started sales of its ceiling-mounted temperature sensor (round type), an indoor temperature sensor for use with office building HVAC systems outside of Japan. Its overseas launch is centred on office buildings and other structures in
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AI will make billions of humans unnecessary
KUALA LUMPUR: Artificial Intelligence (AI) will irreversibly change the world by making billions of humans unnecessary, inclusive of creative workers, according to Russian physicist and philosopher, Serge Pereslegin. “Therefore, we need to redesign the meaning of work and life,” added
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Rakuten: FBM KLCI to rebound to 1,800 by 2020
PETALING JAYA: Rakuten Trade Sdn Bhd, an online equity broker stated that FTSE Bursa Malaysia KLCI (FBM KLCI) to close at 1,630 by the end of this year. Speaking to reporters here today on the 2019 Market Outlook today, Head
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Oil rises on hopes for OPEC supply curbs, optimism on US-China trade deal
Oil prices posted early gains as OPEC’s outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month. Optimism that
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