Saturday, April 8th, 2017


Ministries to concurrently implement logistics, trade facilitation masterplan — Liow

PUTRAJAYA: The Logistics and Trade Facilitation Masterplan will be implemented by various ministries and agencies through an integrated approach concurrently due to the dynamic development of the logistics and trade facilitation sectors. Transport Minister, Datuk Seri Liow Tiong Lai, said the masterplan, launched by Prime Minister Datuk Seri Najib Tun Razak in 2015, which aimed […]

ABM: Beware of bogus calls from ‘banks’ seeking personal info

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has advised members of the public to ignore calls purportedly being made from banks regarding outstanding loan amounts or requesting confirmation on credit card transactions. “Banks will never request for personal information through telephone calls,” said the association in a statement here. Based on the reports […]

MTDC plans to set up new private fund by year-end — Norhalim

SEREMBAN: Malaysian Technology Development Corporation (MTDC) plans to establish a new private fund by year-end to help recipients expand their business further. Chief executive officer Datuk Norhalim Yunus said the fund with a target of RM500 million would complement the existing government funds. “We want to set up funds to give out financing so that […]

CPO price to be supported at RM2,500 per MT —Analysts

KUCHING: Contrary to Dr James Fry’s (LMC International Ltd chairman) prediction that crude palm oil (CPO) price could fall to RM2,250 per metric tonne (MT), analysts believe that should the CPO price decline, it would be supported at RM2,500 per MT. Of note, earlier this week during the Programme Advisory Committee (PAC) Seminar which is […]

Consumers continue to limit spending on big-ticket items

KUCHING: Analysts believe that for 2017, consumers may continue to limit spending on big-ticket items in the automotive sector due to the higher cost of living. The research arm of Kenanga Investment Bank Bhd (Kenanga Research) viewed that the unfavourable forex is still an issue for automakers, squeezing their profit margins with higher operating costs. […]

ABC, Asean-BAC strengthens Asean-Japan ties with formation of AJIN

TOKYO: The Asean Business Club (ABC), together with Asean Business Advisory Council (Asean-BAC) have entered into a cooperation with nine Japanese business associations to form the Asean-Japan Innovation Network (AJIN). AJIN is a business network between Asean and Japan to nurture new industries, facilitate business collaboration and propose policies to governments. A signing ceremony for […]

Mitsubishi Motors eyes 15 pct market share in pick-up truck segment

KUALA LUMPUR: Mitsubishi Motors Malaysia Sdn Bhd aims to expand its market share in the local pick-up truck segment to 15 per cent with the launch of its enhanced Triton model. Its chief executive officer, Tomoyuki Shinnishi, said the company aimed to sell between 6,000 and 7,000 units of the new Triton annually. “That would […]

Expansion plan to keep I Synergy busy for next few years

KUALA LUMPUR: Malaysian-based technology company, I Synergy Group Ltd, which made its debut on Australian Stock Exchange (ASX) last week, has put its expansion plan in place that will keep it busy over the next couple of years. The company, founded in 2008, owns proprietary affliate marketing platform,  Affiliate Junction, which is used by advertisers […] eyes more participation from suppliers to register

KUALA LUMPUR:, the one-stop global halal platform, hopes more related industry players will register their companies on its directory., launched in May 2016, currently has some 2,000 halal goods and services suppliers registered in its database. Its Business Development executive, Farhizad Salleh, said these companies would be able to promote their products through […]

London could lose status as Europe’s financial hub

BERLIN: London may lose its commanding position as the financial hub of Europe once Britain has left the European Union, Eurogroup president Jeroen Dijsselbloem said. “It will be hugely complex to allow the City to remain that service centre for Europe if there is a divergence of regulatory standards over time,” Netherlands finance minister Dijsselbloem, […]