Malaysia on track to achieve high income status:IMF

By RUPA DAMODARAN - Wednesday, 4 March 2015.

KUALA LUMPUR: Malaysia is on track to reach high income status in five years due to skillful economic management amidst an uneven global recovery, says the International Monetary Fund.


RHB Islamic, MTDC team up in Bumiputera tech-based SME financing

Saturday, March 7, 2015 - 01:15

KUALA LUMPUR: RHB Islamic Bank Bhd has teamed up with Malaysian Technology Development Corp (MTDC) to provide financing for Bumiputera technology-based small and medium enterprises (SMEs) under the Bumiputera Expansion Fund (BEF) scheme.

National Export Council to plan a roadmap to boost Malaysia’s competitiveness

Saturday, March 7, 2015 - 00:59

KUALA LUMPUR: The National Export Council has planned a roadmap to boost Malaysia’s competitiveness in the international market.

Maybank is upbeat of further growth in SME financing

Saturday, March 7, 2015 - 00:57

KUALA LUMPUR: Maybank is committed to see further growth in retail small and medium enterprise (SME) financing this year after recording a 43 per cent rise in the segment to RM7.5 billion in 2014.

Bargain hunters in finance stocks lift Bursa Malaysia at close

Friday, March 6, 2015 - 17:48

KUALA LUMPUR: Share prices on Bursa Malaysia closed slightly higher today, supported by bargain hunting in selected finance stocks after the midday break, dealers said.

Property sector to be flat this year

Friday, March 6, 2015 - 17:36

KUALA LUMPUR: The property sector is expected to be flat this year, bogged down by buyers’ ‘wait-and-see’ attitude towards the implementation of the Goods and Services Tax against a backdrop of a weakening ringgit.

BNM’s international reserves at RM386b as of Feb 27

Friday, March 6, 2015 - 17:33

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to RM386.0 billion (equivalent to US$110.5 billion) as at Feb 27, 2015.

Malaysia’s comparative advantage in the E&E sub-sector is declining: RAM

Friday, March 6, 2015 - 16:50

KUALA LUMPUR: Manufactured exports for electrical and electronic (E&E) products are expected to receive a short-term boost from the current weak ringgit, which is generally benefiting the export sector.

Taiwan’s Gintech to start operations in June

Friday, March 6, 2015 - 16:48

KUCHING: Taiwanese firm, Gintech Energy Corp, hopes to have its plant in Samajaya Free Industrial Zone in Sarawak operational by June this year, said its executive director, Dr Pan Wen Whe.

IOI Prop terminates plan to acquire stake in Taiwan company

Friday, March 6, 2015 - 16:45

KUALA LUMPUR: IOI Properties Group Bhd has cancelled its plan to acquire a 37.17 per cent stake in Taipei Financial Center Corp for RM2.74 billion.

MAS installs aircraft tracking system

Friday, March 6, 2015 - 15:48

PUTRAJAYA: National carrier Malaysia Airlines (MAS) has introduced a 15-minute aircast data downloading system to keep track on its aircraft almost on real time basis.

Brent climbs above US$61 on ME supply concerns

Friday, March 6, 2015 - 15:45

SINGAPORE: Brent crude oil rose to around $61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets.

KL shares easier mid-afternoon

Friday, March 6, 2015 - 15:32

KUALA LUMPUR: Share prices on Bursa Malaysia were slightly lower at mid-afternoon today on mild profit-taking in selected heavyweights, dealers said.

Malaysia to drive future growth for Frost & Sullivan

Friday, March 6, 2015 - 14:24

NUSAJAYA: Frost & Sullivan is bullish on Malaysia’s potential, not only as the growth driver for the company but as a springboard to strengthen its position within the Asia Pacific region, moving forward.

FGV bags “50 Best Global Employer Brands Award”

Friday, March 6, 2015 - 13:43

KUALA LUMPUR: Continuous efforts to improve its human resources practices has earned Felda Global Ventures Holdings Bhd (FGV) the international “50 Best Global Employer Brands Award 2015” recently.

Malaysia records 207th consecutive month of trade surplus in January

By RUPA DAMODARAN - Friday, March 6, 2015 - 13:38

KUALA LUMPUR: Malaysian exports decreased to RM63.6 billion from RM63.9 billion last year, coming in below market expectations.