Sunday, March 3rd, 2019

 

Taxing the rich, an idea gaining ground in the United States

NEW YORK, March 3 — Long out of favour in the United States, the idea of taxing rich individuals and corporations to pay for healthcare or to combat inequality is gaining ground among Democratic politicians. While the United States reveres free…


Vale's CEO, other execs, to step down after Brazil dam burst

RIO DE JANEIRO, March 3 — Brazilian iron ore miner Vale SA Chief Executive Fabio Schvartsman and several other senior executives resigned yesterday in what the company described as a temporary move, after one of its mining dams burst in January,…


Trump says strong dollar hurting US competitiveness

OXON HILL, March 3 — President Donald Trump yesterday renewed criticism of the Federal Reserve and said the US central bank's tight monetary policy was contributing to a strong dollar and hurting the United States' competitiveness. “We have a…


Meeting demands of the halal industry

The global halal market is set to grow at an exponential rate driven by increasing demand from the Muslim as well as non-Muslim population. Figures show that the global halal market size is expected to reach US$9.71 trillion by 2025, with countries such as Malaysia, set to lead the pack over the coming years. According […]


Index at short term bullish trend support level

The FBM KLCI declined last week after it rose to its highest in four months two weeks ago. Market was generally bearish on profit taking and selling pressure from foreign institutions. Trading volume has declined as compared to the previous week when the index rose 1.9 per cent. The index fell 1.2 per cent this […]


Realising the RM85 billion industry

A recent update from Google, predicts that the digital economy in Malaysia will be worth RM85.8 billion by 2025. The key sector in digital economic growth is the e-commerce industry followed by the online tourism industry and the ride-hailing industry. However, the same study by Google states that the contribution of the internet to the […]


Indonesia real estate market expands as residential construction hits new heights

For the first time since its inception, the Indonesian government’s One Million Houses (OMH) programme has hit its goal of constructing at least 1m units per year, with 1.13 million built in 2018 as part of efforts to reduce the country’s housing backlog. According to Khalawi Abdul Hamid, director-general of housing provision at the Ministry […]