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Financial industry contributes 57 pct to Labuan GDP
LABUAN: The Labuan financial industry has contributed about 57 per cent to Labuan’s gross domestic product (GDP), being Malaysia’s international business and financial centre. Labuan Financial Services Authority (Labuan FSA) director-general Datuk Danial Mah Abdullah said the contribution of the
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Couple stretches money from GKP, BPN through marinated mutton business
KEPALA BATAS: Rosnizam Ishak and his wife, Roazian Md Noor, never expect that losing their income following the closure of their food shop business due to the enforcement of the Movement Control Order (MCO) would open a new way for them to earn
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Funding societies further tighten risk assessment processes
KUALA LUMPUR: Funding Societies, a peer-to-peer (P2P) financing platform, has taken a multi-pronged approach to further tighten its risk assessment processes to ensure investment by clients remain protected while continuing to support the underserved small and medium enterprises (SMEs) who are affected by
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China’s daily air passenger numbers up 7.9% in April vs March -aviation regulator
BEIJING: China’s aviation regulator said on Wednesday daily transported air passenger numbers rose 7.9% this month, as of April 21, from March, but was only at 29% of the level seen a year ago, in a sign of how the
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Businesses need to review business plans, reallocate resources
KUALA LUMPUR: Businesses will need to review their business plans and reallocate their resources to optimise future returns after surviving the COVID-19 pandemic, said Baker Tilly Malaysia. Global Business Solutions director, Loke Chee Kian said chief financial officers (CFOs), together with other
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PM Modi’s India shutdown is an unprecedented gamble
Since 2016, when Prime Minister Narendra Modi announced at a prime-time television address that he was withdrawing most of India’s currency overnight, such speeches have been preceded by wild speculation. Modi’s message on Tuesday evening was even starker than most
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KTMB eyes 30 pct income contribution from non-fare segments in 2030
KUALA LUMPUR: Rail operator Keretapi Tanah Melayu Bhd (KTMB) says it targets to raise the contribution from the non-fare segments to 30 per cent of total income in 2030 from just three per cent currently. Chief executive officer (CEO) Datuk
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Mitra paying hiked fees to unrecognized training centres
PUCHONG: The Malaysian Indian Transformation Unit (MITRA) approved over RM7 million to some private companies without a license to conduct training and skills courses, revealed a business chamber via Facebook today. Minority Business Chamber chairman S Gobi Krishnan said that
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Halal status boosts marketability of local products
KUALA LUMPUR: For a majority of consumers in this country, the halal status is one of the main considerations in their choice of food and beverage products when they go shopping. The halal stamp on the food and beverage packaging is
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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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