Business
Back to homepage
Chinese businesses cautious as Mahathir, Beijing move ahead on ECRL
KUALA LUMPUR: Malaysia’s relationship with China is under scrutiny ahead of Prime Minister Mahathir Mohamad’s expected April visit to Beijing. Mainland Chinese businesses in Malaysia, in particular, are hopeful that the 93-year-old leader will be able to smooth ties with
Read More
Dr Mahathir: Pro-import policies to be changed with tax
CYBERJAYA: Prime Minister Tun Dr Mahathir Mohamad said today the current government policies which seem to be pro-import rather than exports need to be changed. This, he said, might involve a change in the tax system. “We are not even
Read More
MIER: Malaysia to post moderate GDP growth of 4.5 pct this year
KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has forecast Malaysia’s 2019 gross domestic product (GDP) to post a moderate growth of 4.5 percent compared with 4.7 percent last year. Executive director Emeritus Professor Dr Zakariah Abdul Rashid said
Read More
HSR unnecessary for now, Dr Mahathir maintains stand
CYBERJAYA: Prime Minister Tun Dr Mahathir Mohamad maintained that the Malaysia-Singapore High Speed Rail (HSR) is not of priority since only a few states would benefit from such infrastructure development project. “For Malaysia at the moment, a high-speed train is
Read More
Invest in fintech, Dr Mahathir tells Islamic banking and finance
KUALA LUMPUR: Islamic banking and finance players must be intensely invested in technologies to transform the way they conduct banking services and disseminate their products more effectively and efficiently. In making the call, Prime Minister Tun Dr Mahathir Mohamad said
Read More
ECRL gets green light, costs slashed by RM21.5 billion
PUCHONG: The East Coast Rail Link (ECRL) has been given the go ahead following negotiations that led to cost reduction of MR21.5 billion, from RM65.5 billion to to RM44, confirmed the Prime Minister’s Office. “The Malaysia government welcomes the signing
Read More
FGV backs government plans to diversity settlers income stream
KUALA LUMPUR – The government’s plan to diversify the income streams of Felda settlers to alleviate the settlers’ financial situation is a positive move. In a statement today, FGV Holdings Bhd (FGV) said it would be happy to participate in
Read More
Maybank to increase mortgage, SME loans in three years
KUALA LUMPUR: Malayan Banking Bhd (Maybank) targets to increase its loan disbursement for both mortgages and small and medium enterprises (SMEs) to RM35 billion and RM50 billion, respectively, in the next three years, said group president and chief executive officer
Read More
MHB shares rise after unit bags Petronas contract
KUALA LUMPUR: Shares in Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) rose five percent to 84 sen at 10.15 am with 1.3 million shares traded, after its subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) and partner, Hiap
Read More
Arshad Ismail Bank Pembangunan CEO cum president
KUALA LUMPUR: Former Maybank Islamic Berhad global banking business head Arshad Mohamed Ismail has been appointed as president/group chief executive officer of Bank Pembangunan Malaysia Bhd (BPMB) with effect from today. Arshad began his career in 1995 as a lawyer
Read More