TOKYO: Japanese Prime Minister Shinzo Abe plans to delay an increase in sales tax by two and a half years, a government official said on Sunday, as the economy sputters and Abe prepares for a national election.
KUALA LUMPUR: Uncertainty in power tariff remains a major concern among players in Malaysia’s data centre industry this year, as it accounts for up to 40 per cent of operation expenditure.
KUALA LUMPUR: Bursa Malaysia is expected to trend higher next week prompted by the ringgit’s strength and upswing in global crude oil prices, an economist said.
KUALA LUMPUR: The Malaysian money market is likely to remain stable next week with Bank Negara Malaysia (BNM) continuing to intervene to manage surplus liquidity.
SHAH ALAM: Car components-maker EP Manufacturing Bhd (EPMB) is optimistic over its business prospects in the current financial year amid the increasingly challenging environment for automotive industry.
KUALA LUMPUR: Strong capital, stable funding levels and high degree of government support are factors which have enabled the Malaysian banking system to remain stable, says Moody's Investors Service.
KUALA LUMPUR: AMMB Holdings Bhd’s net profit decreased 46 per cent to RM280.02 million in the fourth quarter ended March 2016 from RM519.22 million mainly due to cautious business sentiment and changes in consumer spending patterns.
KLANG: Construction and property developer WCT Holdings Bhd is looking to sell some of its assets to pare down its debt.
SHAH ALAM: EP Manufacturing Bhd (EPMB) seeks to expand its manufacturing capacity as the group navigates through a conservative economic climate in 2016.
KUALA LUMPUR: Malayan Banking Bhd (Maybank), the country’s top lender, recorded a 21 per cent jump in revenue at RM11.18 billion for the first quarter ended March 31, 2016.
KUALA LUMPUR: The ringgit strengthened against the US dollar at opening today riding on the optimism over a continuous improvement in oil prices, dealers said.
SINGAPORE: Oil futures dipped further in early Asian trade on Friday, finding resistance at the US$50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply.
GEORGE TOWN: Property developer Eastern & Oriental Berhad (E&O) today announced it has recorded new property sales amounting to RM1.1 billion in its 2015/ 2016 financial year, the highest annual sales for the group thus far.
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has been appointed by Kwasa Land Sdn Bhd as the project delivery partner (PDP) to develop the main infrastructure for the new Kwasa Damansara township.
GEORGE TOWN: Google Malaysia is set to continue assisting small and medium businesses (SMBs) in the country to go digital and prioritise an online presence, as more Malaysians take to their smartphones and mobile devices.
KUALA LUMPUR: Genting Hong Kong, a member of the Genting Group Bhd is set to tap into the burgeoning Asian upper-middle class and affluent market through its Asian-centric cruise line, Genting Dream.
KUALA LUMPUR: Bank Negara Malaysia governor Datuk Muhammad Ibrahim said the fine paid by 1Malaysia Development Bhd (1MDB) for non-compliance marks the end of the central bank's investigation.
SINGAPORE: Brent crude passed US$50 a barrel for the first time in 2016 on Thursday after data showed a fall in US crude inventories, adding to expectations of a tightening global market.
KUALA LUMPUR: UMW Toyota Motor Sdn Bhd president Datuk Ismet Suki is excited about the planned RM2 billion manufacturing facility in Bukit Raja, Selangor, saying it will provide a better “ergonomic environment” for the staff.
KUALA LUMPUR: The ringgit opened firmer against the US dollar, in early trade, tracking improved oil prices.
KUALA LUMPUR: Sime Darby Bhd's third quarter net profits ended March 2016 jumped 60 per cent to RM663.5 million from RM414.7 million a year ago, thanks to gains from asset sales.
KUALA LUMPUR: UMW Toyota Motor Sdn Bhd today announced that a second manufacturing plant for Toyota passenger cars costing RM2 billion will be built in Malaysia.
KUALA LUMPUR: The ringgit reversed its downward trend to open higher against the US dollar, in early trade, as sentiment was positively fueled by the rebound in oil prices.
KUALA LUMPUR: Affin Bank Berhad (Affinbank) and Affin Islamic Bank Berhad (Affin Islamic) recently presented Education Excellence Awards to 44 children of staff from all departments and branches who had excelled in their 2015 Sijil Pelajaran Malaysia (SPM) exams.
KUALA LUMPUR: The Star Media Group suffered an 8.6 per cent decline in its revenue, taking in only RM198.73 million in the first quarter of 2016.
KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV), the world's largest crude palm oil (CPO) producer, has set aside its merger and acquisition (M&A) plans as part of its cost-saving initiatives for a profitable year.
PETALING JAYA: Astral Asia Bhd (AAB), is hopeful of getting back into the black this year after two years of losses, as it is producing more oil palm fruits at higher prices.
KUALA LUMPUR: Two chapters of the Regional Comprehensive Economic Cooperation (RCEP) agreement text will likely be concluded in the next round of negotiations in Auckland in June, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
KUALA LUMPUR: Two chapters of the Regional Comprehensive Economic Cooperation (RCEP) agreement text will likely be concluded in the next round of negotiations in Auckland in June said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
KUALA LUMPUR: Diversified group KUB Malaysia Bhd aims to increase its supply of liquefied petroleum gas (LPG) cylinder by 30 per cent in the next three years following its planned enhancement of network and improvement of infrastructure.
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