Thursday, April 11th, 2019


Pound holds ground after Brexit delay, most Asian markets fall

HONG KONG, The pound held its gains today after Britain and its EU partners agreed to once again extend the deadline for Brexit, days before the cut-off for avoiding an economically calamitous no-deal divorce. After hours of late-night talks Prime…

Carlos Ghosn’s wife questioned by prosecutors at Tokyo District Court, reports Kyodo

TOKYO, April 11 — The wife of ousted Nissan Motor Co Ltd boss Carlos Ghosn was questioned by prosecutors at Tokyo District Court today, Kyodo News reported, a week after her husband was arrested for a fourth time. Carole Ghosn returned to Japan…

Maybank to disburse RM85b mortgages, SME loans in next 3 years

KUALA LUMPUR: Malayan Banking Bhd (Maybank) plans to disburse RM50 billion in mortgages and RM35 billion in SME loans in the next three years, said group president and CEO Datuk Abdul Farid Alias (pix).

He said the bank disbursed RM12.2 billion in mortgages last year.

“Our approval rate for mortgage is 80% and the industry’s approval rate is 70%,“ he told a press conference after its AGM here today.

He said the loan size for the SME segment consists of RM24 billion from business banking and RM17.1 billion from retail SME.

Bursa deeper into the red at mid-afternoon

KUALA LUMPUR, April 11 — Bursa Malaysia remained weaker at mid-afternoon today, weighed by losses in heavyweights led by Tenaga, Maxis and Axiata. At 3pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) lost 15.39 points to 1,624.07 from 1,639.46…

Proton to be one of Geely's global R&D centres

MELAKA, April 11 — Proton's facility in Tanjung Malim, Perak will be one of the global research and development centres for China automotive giant Zhejiang Geely Holding Group Co Ltd (Geely). DRB Hicom managing director Datuk Seri Syed Faisal…

Trump signs orders for 'revival' of US energy

CROSBY, April 11 — In the US oil heartland yesterday, President Donald Trump announced the signing of two executive orders to accelerate the construction of oil and gas pipelines, dismaying environmentalists. The latest measures are in line with…

Manufacturing sales up 5.5pc to RM65.8b in February

KUALA LUMPUR, April 11 — Malaysia’s manufacturing sales grew 5.5 per cent in February 2019 to RM65.8 billion compared with last year’s RM62.3 billion, says the Department of Statistics. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said…

Carlos Ghosn's wife arrives at Tokyo District Court, says Kyodo

TOKYO, April 11 — The wife of ousted Nissan boss Carlos Ghosn arrived at Tokyo District Court, Kyodo News reported today, where she is expected to be questioned by prosecutors. Carole Ghosn returned to Japan on Wednesday, days after she left the…

Uber steers toward blockbuster IPO as road looks rocky

SAN FRANCISCO, April 11 — Uber could become a US$100 billion (RM409.44 billion) company with a massive share offering that will be a bellwether for tech startups looking toward Wall Street. Media reports said the ride-hailing giant is seeking to…

IOI Properties sees recovery in property market

PUTRAJAYA: IOI Properties Group Bhd, which is launching The Clio 2 Residences next month, is confident that the market will recover soon.

Chief sales and marketing officer Jason Tie said the group has seen sales picking up following its participation in the Malaysia Property Expo (Mapex) held last month, in conjunction with the Home Ownership Campaign 2019.

Tie said the group is fully supportive of the government’s initiative and is also running its own IOI F.R.E.E. Ownership campaign.

“The market is responding. It is slow, but encouraging. We are confident that the market will recover. We are positive on the market and confident with our product range,“ he told reporters at the media preview of The Clio 2 Residences today.

He said the group’s inventory level is at a manageable level and it has planned at least three launches this year including The Clio 2 Residences.