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Dr M: Let’s have gold based currencies
TOKYO: Malaysia is proposing a new currency based on gold as it is more stable as opposed to the present currency trading which is manipulative, said Prime Minister Tun Dr Mahathir Mohamad . He said that gold can evaluate trading
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Oil prices plunge due to Sino-US trade war
SINGAPORE: Oil prices fell on concerns that the Sino-US trade war could trigger a global economic downturn, but relatively tight supply amid Organization of the Petroleum Exporting Countries (OPEC) output cuts and political tensions in the Middle East offered some
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Bumi Armada records higher net profit in Q1
KUALA LUMPUR: Bumi Armada Bhd’s net profit rose 28 per cent to RM62.21 million for the first quarter (Q1) ended March 31, 2019 compared with RM48.42 million in the same quarter last year. Revenue, however, fell to RM491.61 million from
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EPF buys over UK’s Sport Direct headquarters
PUCHONG: Malaysia’s Employees Provident Fund has bought Sports Direct International Plc’s U.K. headquarters for 120 million pounds ($153 million), reported The Sunday Times, based on sources’ information. Billionaire Mike Ashley’s Sports Direct said on May 17 that it was in
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Modi kept his job; young Indians worry about theirs
Asad Ahmed, one of about 1.2 million young Indians entering the cutthroat job market each month, diligently scribbles notes at a computer class in New Delhi. While nationalist Prime Minister Narendra Modi won a new five-year term promising to step
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KL Raya Fest for Aidilfitri celebrations
KUALA LUMPUR: The KL Raya Fest themed Mood Republic began yesterday morning at 10am with products and services catered specifically for those who are celebrating the Aidilfitri in two weeks. The unique thing about this sales fiesta is that it
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Panasonic suspends transactions with Huawei
TOKYO: Japanese consumer electronics giant Panasonic has announced the suspension of all transactions with Chinese telecommunications company Huawei in the wake of the US’ decision to add the company to the list of companies considered as a threat to the
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Malaysian banking system stable amidst weakening economy
KUALA LUMPUR: Moody’s Investors Service says that its outlook for the Malaysian banking system remains stable, as strong loss-absorbing buffers should mitigate a potential rise in credit costs and moderating profitability over the next 12 to 18 months. “The banks
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ASEAN to improve production technology and capacity
KUALA LUMPUR: Southeast Asia, particularly Malaysia, should focus on improving production technology and capacity, as well as regional integration in order to benefit from the shifting of supply chains due to changes in global trade, says HSBC Bank Malaysia Bhd.
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New investor confident of NFCorp
PUCHONG: The new investor which is set to take over the National Feedlot Corporation (NFCorp) are doing so based on two factors. First, the investor has assessed the work done by NFCorp and is satisfied with the work done by
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