KUALA LUMPUR: Though Malaysia has established itself as the primary hub of Islamic finance of the world, its goal to become to the primary halal hub for foods and products are still riddled with challenges.
KUALA LUMPUR: Weststar Aviation Services Sdn Bhd (WASSB) has secured a RM370 million contract to provide two AgustaWestland AW139 helicopters for Carigali Hess Operating Company and Carigali PTTEPI Operating Company Sdn Bhd.
KUALA LUMPUR: After much hype, Malaysia finally joined the ranks of 160 other countries globally in embracing the Goods and Services Tax (GST).
KUALA LUMPUR: In light of the implementation of the Goods and Services Tax (GST) which comes into force today, Proton Holdings Bhd has announced the new prices for its models, with reduction of up to RM1,475, or 3.25 per cent, per unit on selected variants.
KULIM: The current uncertainty over the value of the ringgit has not affected foreign investors’ interest and efforts to woo them, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
GEORGE TOWN: The government has spent some RM30 million to transform Malaysia as a global hub for testing and certification of light-emitting diodes (LEDs).
KUALA LUMPUR: Broad money, or M3, the measurement of money supply, grew 6.9 per cent in February, mainly driven by the extension of credit to the private sector by the banking system.
PETALING JAYA: Pharmaniaga Bhd aims to strike a balance in local pharmaceutical business by reversing the current ratio of non-concession versus concession from 42:58 to 60:40 in the next 3-4 years.
PETALING JAYA: Mydin Mohamed Holdings Bhd will absorb the cost of the Goods and Services Tax (GST) of RM15 million from the estimated RM300 million monthly profits of its hypermarket and supermarket outlets.
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced an income distribution of 7.75 sen per unit for Amanah Saham Bumiputera 2 (ASB2) fund for the year ending March 31, 2015.
SINGAPORE: Malayan Banking Bhd (Maybank) president and chief executive Datuk Abdul Farid Alias said the ringgit's true value should be at RM3.30 to the US dollar as present valuations is very much driven by greed and fear in the marketplace.Abdul Farid said the volatility in the currency markets rig
KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has signed a partnership with Panasonic Eco Solutions Malaysia Sdn Bhd to enhance the investment flow from Japan.
TOKYO: Japan’s third-biggest city-gas supplier, Toho Gas Co, said on Tuesday it signed a basic agreement with a wholly-owned unit of Malaysia’s Petroliam Nasional Bhd (Petronas) to buy liquefied natural gas (LNG).
KUALA LUMPUR: KPJ Healthcare Bhd has proposed to acquire the entire stake of Crossborder Hall (M) Sdn Bhd and Crossborder Aim (M) Sdn Bhd for RM4.718 million.
KUALA LUMPUR: Malaysia’s reserves remained usable and unencumbered as at end-February 2015, based on the detailed breakdown of international reserves under the International Monetary Fund’s Special Data Dissemination Standard (SDDS) format.