'Same PSC will give all airlines level playing field'

By BILQIS BAHARI - Friday, 23 September 2016.

SEPANG: National carrier Malaysia Airlines Bhd (MAS) wants the same passenger service charge (PSC) at the Kuala Lumpur International Airport (KLIA) and Kuala Lumpur International Airport 2 (klia2) as it will lead to a level playing field for all airlines.


(UPDATE) Malaysia amending 18 laws in preparation for TPPA ratification

By AMIR HISYAM RASID - Saturday, September 24, 2016 - 14:56

KUALA LUMPUR: The Trans-Pacific Partnership Agreement (TPPA) will come into force even without ratification from the United States, as long as six countries accounting for 85 per cent of the signatories' GDP ratify the agreement, says International Trade and Industry Ministry secretary-general Datuk

'Public, private partnerships with balanced regulation recipe for success'

By ZARINA ZAKARIAH - Saturday, September 24, 2016 - 11:01

KUALA LUMPUR: Public and private partnerships with a rightly balanced regulation is the successful model in cultivating innovations in the financial industry, says World Bank Group finance and markets global practice director Sebastian Molineus.

Financial tech shaking up banking landscape

By ZARINA ZAKARIAH - Saturday, September 24, 2016 - 11:00

KUALA LUMPUR: The banking landscape is set to undergo massive changes as disruptive technology, introduced by fintech companies, challenges the industry’s traditional practices.

Peugeot's maker PSA, Suzuki and Renault keen to partner Proton

By Reuters - Friday, September 23, 2016 - 16:24

KUALA LUMPUR: At least three firms including Peugeot maker PSA have signalled interest in a deal with ailing Malaysian carmaker Proton, people familiar with the matter said, as the faded brand's owner seeks to sell a stake in a company once seen as a symbol of the country's drive to industrialise.

AirAsia wants govt to scrap planned airport tax increase

By BILQIS BAHARI - Friday, September 23, 2016 - 13:30

KUALA LUMPUR: Budget carrier AirAsia Bhd has raised its concerns regarding the passenger service charge (PSC) new rate structure that would be implemented effective January 1 next year.

London's the right place for showcase, says British envoy

By RUPA DAMODARAN - Friday, September 23, 2016 - 11:01

KUALA LUMPUR: British High Commissioner to Malaysia Vicki Treadell is eager about Malaysia’s annual event in central London tomorrow.

Malaysian trade event gets bigger

By RUPA DAMODARAN - Friday, September 23, 2016 - 11:01

LONDON: Malaysia’s seventh annual promotional event, which opens here tomorrow, has a new tagline that showcases not only the country’s gastronomic delights and multicultural fabric but also its strengths.

'CPO prices to stay firm till March'

Friday, September 23, 2016 - 11:01

PANAJI (INDIA): Palm oil prices are expected to remain firm until the end of the first quarter of next year as the El Nino weather pattern would have depleted the inventory, said a senior executive of Sime Darby Bhd yesterday.

Ringgit retreats vs greenback on technical correction

By Bernama - Friday, September 23, 2016 - 10:01

KUALA LUMPUR: A technical correction saw the ringgit retreat versus the US dollar in early trade today after yesterday’s brief gain.

Less proactive new US administration to negatively impact Malaysia

By RUPA DAMODARAN - Friday, September 23, 2016 - 09:14

KUALA LUMPUR: Asia Pacific countries like Malaysia could see an impact, through trade and investment channels, if the US adopts a less proactive foreign engagement approach after their Presidential election.

MAB inks contract with CFM International, MoU with GE

By FAIRUZ MOHD SHAHAR - Thursday, September 22, 2016 - 14:27

PUTRAJAYA: Malaysia Airlines Berhad (MAB) signed a contract with CFM International, and a memorandum of understanding (MoU) with General Electric (GE) today.

Knight Frank rates Malaysia as world's best for real estate investors

By Farah Adilla - Thursday, September 22, 2016 - 14:03

KUALA LUMPUR: Global real estate consultancy Knight Frank has rated Malaysia as offering the best value for money for real estate investors in the world, and the highest yields and least volatility in the market across the Asia-Pacific region.

Major shareholder calls for probe into Multi Sports

By AMIR HISYAM RASID - Thursday, September 22, 2016 - 11:00

KUALA LUMPUR: A major shareholder of Bursa Malaysia-listed Multi Sports Holdings Ltd wants an investigation into the China-based shoe manufacturer’s affairs amid concerns over shrinking share price and failure to submit its accounts on time.

Ringgit surges vs US Dollar as Fed leaves rates unchanged

By Bernama - Thursday, September 22, 2016 - 10:11

KUALA LUMPUR: The ringgit opened higher against the US dollar after the Federal Reserve (Fed) left the US interest rates unchanged at its two-day meeting that ended yesterday, a currency dealer said.

Hanjin Shipping shares rally 28 pct after Korean Air approves lending

By Reuters - Thursday, September 22, 2016 - 09:05

SEOUL: Hanjin Shipping shares surged as much as 28 percent in morning trade on Thursday after the board of Korean Air Lines, its biggest shareholder, approved lending 60 billion won (US$53.96 million) to the troubled container carrier.

Japanese traders cheer central bank policy tweeks

By AFP - Wednesday, September 21, 2016 - 16:25

TOKYO: Tokyo shares shot up and the yen sank after the Bank of Japan tweaked its policy measures Wednesday, as it ramped up its attempts to kickstart inflation.

2017 Budget: Don't expect big giveaways, says UOB Malaysia

By Business Times - Wednesday, September 21, 2016 - 15:25

KUALA LUMPUR: The upcoming 2017 Budget will unlikely have ‘big giveaways’ as the government seeks to maintain fiscal prudence to avoid any risk of sovereign outlook or ratings downgrade, according to United Overseas Bank (Malaysia) Bhd (UOB Malaysia).

EcoWorld's Firsts: Developer launches Eco Bloom in Penang

By Marina Emmanuel - Wednesday, September 21, 2016 - 15:15

GEORGE TOWN: Eco World Development Group Berhad (EcoWorld) is set to launch 4 new projects concurrently nationwide this Sunday under its 'EcoWorld’s Firsts' campaign.

Malaysian pension fund eyes more tech investments after Uber

By Reuters - Wednesday, September 21, 2016 - 14:24

KUALA LUMPUR: Malaysia's $30-billion pension fund, Kumpulan Wang Persaraan (KWAP), is looking to pump in more money into technology firms, following its recent foray into the sector with an investment in what sources have identified as ride-sharing service Uber.

Rehda says BNM's stand on 35-year housing loan period is 'reasonable'

By Farah Adilla - Wednesday, September 21, 2016 - 13:53

PETALING JAYA: The Real Estate And Housing Developers' Association Malaysia (Rehda) views Bank Negara Malaysia's (BNM) announcement that maximum housing loans for buyers should remain at 35 years as "reasonable."

Future looks rosy for startups in Malaysia

By BILQIS BAHARI - Wednesday, September 21, 2016 - 13:45

KUALA LUMPUR: Malaysia will see the birth of more startup companies due to the readiness of the private equity investment ecosystem in the country.

Moody's: Sukuk issuance slowed, but Islamic banking growth still strong

By RUPA DAMODARAN - Wednesday, September 21, 2016 - 13:37

KUALA LUMPUR: Although global growth trends in Islamic bond (sukuk) issuance has slowed, growth trends in Islamic banking assets remain strong, says Moody's.

Financial inclusion significantly increased via touch points, says BNM Governor

By RUPA DAMODARAN - Wednesday, September 21, 2016 - 13:03

KUALA LUMPUR: Agent banking through high volume touch points has significantly increased financial inclusion in the country, said Bank Negara Malaysia governor Datuk Muhammad Ibrahim.

Consumer Price Index up by 1.5 pct in August

By RUPA DAMODARAN - Wednesday, September 21, 2016 - 12:47

KUALA LUMPUR: The Consumer Price Index rose by 1.5 per cent in August compared to the same month last year.

Calls to upgrade FT 181 route

By OOI TEE CHING - Wednesday, September 21, 2016 - 12:38

KUALA LUMPUR: THE government would need RM400 million to construct a motorcycle lane and another RM8 million for more street lighting in FT 181 as the current heavy traffic and dimly-lit conditions lead to road accidents and deaths.

Pocket change: Myanmar banks on mobile money

By AFP - Wednesday, September 21, 2016 - 12:25

YANGON: Carrying her wages in wads of cash across Myanmar was once a risky, onerous but unavoidable ritual for maid Khin Myint Oo.

KWAP eyes more alternative assets

By AMIR HISYAM RASID - Wednesday, September 21, 2016 - 11:01

KUALA LUMPUR: Retirement Fund Inc (KWAP) is looking at revising its asset allocation strategy by year-end to improve its return on investment (ROI).

'Ample room for private equity growth'

Wednesday, September 21, 2016 - 11:00

KUALA LUMPUR: Malaysia’s private equity (PE) scene holds ample headroom for growth in view of the promising value proposition that it offers, says Securities Commission Malaysia chairman Tan Sri Ranjit Ajit Singh.

Ringgit opens higher versus US Dollar on mild demand

By Bernama - Wednesday, September 21, 2016 - 10:07

KUALA LUMPUR: The ringgit opened higher against the US dollar on mild commercial demand from investors today, a currency dealer said.

Salary of BHP CEO cut in half after Brazil mine disaster

By Reuters - Wednesday, September 21, 2016 - 10:01

SYDNEY: BHP Billiton chief executive Andrew Mackenzie’s annual salary was cut in half following the Samarco dam disaster in Brazil that claimed 19 lives and caused widespread environmental damage, the global miner said.