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KLCI falls 0.65% due to possible US-Europe trade war
KUALA LUMPUR: The FBM KLCI lost 0.65% at mid-morning today as sentiment turned weak in line with the downward trend at regional markets on worries of a fresh trade war between US and Europe. At 10am, the FBM KLCI lost
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Asian stocks dips after US announces tariffs on Europe
TOKYO: Asian stocks, already under pressure from growing global growth fears, tumbled today after New York markets slumped overnight as the US opened a new trade war front, saying it will impose tariffs on US$7.5 billion of goods from the
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Ringgit soars against the US dollar early today
KUALA LUMPUR: The ringgit opened higher against the US dollar today due to better demand for the local currency and following the release of weaker US manufacturing data, as well as fewer jobs created in the country. At 9.03 am,
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PETRONAS: No offer yet from Saudi Aramco
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) said that it has yet to receive any offer to become a potential cornerstone investor in Saudi Aramco’s proposed Initial Public Offering (IPO). “Petronas, to-date, has not received any offer from Saudi Aramco or
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Boeing to improve product, services safety after 737 MAX crashes
SAN FRANCISCO: US top aircraft manufacturer Boeing Company (Boeing) said Monday it is taking enhanced measures including the creation of a new unit to elevate its safety focus upon recommendations by its board of directors, reported Xinhua news agency. Boeing
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Guan Eng: Between development and managing debts, you can’t be biased
PUTRAJAYA: Information can be a double-edged sword, depending on how it is being perceived and in the case of the country’s debt level, all is well as the government is balancing it within its means, Finance Minister Lim Guan Eng said.
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Business groups: Budget 2020 should focus on domestic consumption
KUALA LUMPUR: The Malaysia-China Business Council (MCBC) hopes that the government will announce initiatives and incentives that will drive the country’s economic growth in the upcoming Budget 2020 speech, scheduled on Oct 11. Its director Datuk David Chua said it
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Low Yat Group launches new township project, Avenue 3
PUCHONG: Low Yat Group launched its lifestyle landmark Avenue 3 township at Medan Puteri Rawang worth RM54 million in Gross Development Value, contributing to 60% completion of Bandar Tasir Puteri (BTP) township. In a statement today, Low Yat Group Group
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Budget 2020: We need better fiscal policy, says ex-BNM deputy governor
With more than a week to go before the tabling of Budget 2020, former Bank Negara Malaysia (BNM) deputy governor Tan Sri Lin See Yan said that Malaysia needs a fiscal policy to generate growth for the economy. The country,
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MATTA: Saudi Arabia’s tourism sector a boon to Malaysia
KUALA LUMPUR: The Malaysian Association of Tour and Travel Agents (MATTA) sees Saudi Arabia’s plans to open its doors to foreign tourists as a move that will widen tourism business opportunity in Malaysia. MATTA deputy president Mohd Akil Yusof said
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