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KS Jomo: Brace for tough economic times ahead
KUALA LUMPUR: Malaysians should brace for tough times ahead as the economy is facing real problems amid an intractable external situation which is deteriorating almost on a daily basis, warned a prominent economist. Dr Jomo Kwame Sundaram, a senior advisor
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Jho Low’s aunt is in TRX City not 1MDB
KUALA LUMPUR: Fugitive businessman Low Taek Jho’s maternal aunt, Goh Gaik Kim, retained her position as TRX City Sdn Bhd company secretary but is not in scandal-riddled sovereign investment fund 1Malaysia Development Berhad (1MDB). TRX City is a former subsidiary
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India set to raise tariffs on some US goods
India has decided to raise tariffs on imports of 29 goods from the US after having deferred the move several times since announcing it last year, media reported Saturday. The government had said last June it would raise import taxes
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Govt urged to reconsider sugar import permits for Sarawak F&B
KUALA LUMPUR: Local sugar refiners have strongly urged the government to reconsider its decision to approve the import permits (APs) for eight food and beverage (F&B) manufacturers in Sarawak and engage the industry for a longer-term solution to its predicament.
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Tun M: Ensure substantive deliverables when Malaysia hosts APEC 2020
KUALA LUMPUR: Malaysia needs to show a firm commitment to producing substantive deliverables when Putrajaya becomes the host of the Asia-Pacific Economic Cooperation (APEC) next year, says Prime Minister Tun Dr. Mahathir Mohamad. He said Malaysia needed to start charting
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1MDB scandal increased compliance costs in Southeast Asia
PUCHONG: Compliance costs are on the rise in Southeast Asia by nine to 10% in the last 2 years as financial institutions and regulators continue to grapple with the fallout of 1Malaysia Development Berhad (1MDB) scandal, according to a report
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Oil price stabilise amid supply cut
SINGAPORE: Oil prices stabilised on expectations that producer group OPEC and its allies will keep withholding supply to prevent prices from tumbling amid a broad economic slowdown which has started eating away at fuel demand growth. Front-month Brent crude futures,
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Hundreds of Tehran restaurants shut for breaking ‘Islamic principle
Iranian police have shut down 547 restaurants and cafes in Tehran for not observing “Islamic principles”, the capital’s police chief said Saturday. “The owners of restaurants and cafes in which Islamic principles were not observed were confronted, and during this
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Malaysia to have international institute for talents in renewable energy
KUALA LUMPUR: Edra Power Holdings Sdn Bhd plans to set up an international institute in Malaysia to cultivate local talent in renewable energy under the aegis of its parent company, China General Nuclear Power Corporation (CGN). It will be one
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5G commercial licenses approved in China
BEIJING: China granted 5G commercial licences to four domestic companies, taking a big step in its bid to be a global leader in next generation wireless networks amid fierce rivalry from the United States. 5G is the next-generation cellular network
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