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Bursa Malaysia starts November easier
KUALA LUMPUR: Bursa Malaysia opened November in a weak note as market sentiment turned bearish following a renewed US-China trade jitters that curbed investors’ risk appetite for equities. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.99
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Azmin: Trade spat with India over palm oil will not be prolonged
KUALA LUMPUR: The boycott of the Malaysia’s palm oil by Indian traders will likely not be prolonged as there were not enough supplies from top producer Indonesia to cover the shortfall, said Economic Affairs Minister, Datuk Seri Mohamed Azmin Ali (pix). Indian
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FAMA to establish middlemen register next year
FAMA chairman Ishak Ismail said the move will require middlemen to register with the agency as authorised marketers in accordance with the FAMA Act 1965. “There are some irresponsible middlemen who have bullied our farmers, taking the opportunity to raise
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Malaysia ranks 12th in World Bank Doing Business 2020 Report
KUALA LUMPUR: The World Bank Doing Business 2020 Report has ranked Malaysia in 12th position amongst 190 economies worldwide, a further improvement from the 15th spot the previous year, says the International Trade and Industry Ministry. Minister Datuk Darell Leiking
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New twist to Malaysia-India palm oil issue
KUALA LUMPUR: The Malaysia-India palm oil issue has taken a new twist. Amidst the call by an Indian trade association for importers to shun palm oil from Malaysia, a political body in South India has urged Prime Minister Narendra Modi
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Azmin: Khazanah Nasional will remain MAB main shareholder
KUALA LUMPUR: Khazanah Nasional Bhd will remain as an influential and important shareholder under a new structure of Malaysia Airlines Bhd (MAB), said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali. He said the government through Khazanah and Malaysia Aviation
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BNM’s international reserves rise to US$103.3 bln
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves increased to US$103.3 billion as at Oct 15, 2019 from US$103.0 billion as at Sept 30, 2019. In a statement today, the central bank said the reserves position is sufficient to finance
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SingEx and Deutsche Messe to organise international event on IR4.0
PUCHONG: With the Sino-US trade war undermining the global economy, slowing growth rate in China and uncertainty in the Euro zone, it is time for businesses to transform itself and leverage on existing means to enhance competitiveness through innovation. With
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Bank Muamalat names Khairul Kamarudin as new CEO
KUALA LUMPUR: Bank Mualamat Malaysia Bhd has appointed Khairul Kamarudin as its new chief executive officer to replace the retiring Datuk Mohd Redza Shah Abdul Wahid. The appointment will take effect on Nov 1. Khairul, who has a Law Degree
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Nazir Ariff appointed as SME Bank’s chairman
KUALA LUMPUR: SME Bank, an agency under the Entrepreneur Development Ministry, has appointed Datuk Seri Nazir Ariff as its new non-executive chairman, effective yesterday. As a corporate figure, Nazir, 73, has vast experience in various industries which among others include,
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