Sustaining the future for palm oil

As a plant turned edible oil to meet the needs of consumers, palm oil today joins the ranks of commodities dividing nations worldwide for its enviromental and political implications. An undeniable fact is palm oil’s contribution to Malaysia’s economy. Having roots in our history since 1917, exports of palm oil and palm-oil based products continue […]

Creation of new ministry part of Myanmar’s plan to incentivise FDI

In an attempt to reverse a recent decline in foreign investment, Myanmar has set up a new ministry tasked with attracting and facilitating fresh inflows, though concerns over the re-imposition of import tariffs by the EU could cool investor appetite. On November 19 the government established the Ministry of Investment and Foreign Economic Relations, a […]

Economist: Asean may benefit from US-China trade tensions

KUALA LUMPUR, Feb 23 ― Asean, especially Malaysia, Thailand and Vietnam, is a potential beneficiary of international companies moving out of China amid the trade tensions with the United States, said Maybank Kim Eng Singapore senior economist Chua…

US and China haggle over toughest issues in trade war talks

WASHINGTON: Top US and Chinese trade negotiators haggled on Thursday over the details of a set of agreements aimed at ending their trade war, just one week before a Washington-imposed deadline for a deal expires and triggers higher US tariffs. Reuters reported exclusively on Wednesday that the two sides are starting to sketch out an […]

Malaysia’s auto industry off on a positive start

KUCHING: Malaysia’s automotive industry is off on a positive start this year, led by strong numbers recorded by national carmakers. Analysts expect the industry to continue this strong momentum, underpinned by healthy demand and favourable foreign exchange (forex). According to the research arm of Affin Hwang Investment Bank Bhd (AffinHwang Capital), the automotive industry’s January […]

Zimbabwe devalues currency to tackle economic crisis

HARARE, Feb 22 — Zimbabwe’s central bank began trading a sharply discounted replacement currency today, attempting to ease a cash crunch that has hobbled the economy and plunged millions deep into poverty. Zimbabwe adopted the dollar in 2009…

Months-long slide in German business morale deepens

FRANKFURT AM MAIN, Feb 22 — Confidence among business leaders in Germany fell for the sixth month in a row in February, a closely-watched survey showed today, as global trade struggles cast a pall over Europe’s powerhouse economy. The…

UOB maintains inflation forecast at 2.0pc in 2019

KUALA LUMPUR, Feb 22 — United Overseas Bank (Malaysia) Bhd has maintained its inflation forecast of 2.0 per cent for 2019 on the back of a sustained recovery in oil prices, stable broadband prices, potential weather disruptions, and resilient…

New SPNB chairman appointed

KUALA LUMPUR, Feb 22 — Ministry of Housing and Local Government (KPKT) secretary-general, Datuk Seri Mohammad Mentek, has been appointed Syarikat Perumahan Negara Bhd (SPNB) chairman, effective January 31. According to a SPNB statement, Mohammad…

Myanmar's Suu Kyi woos investors to crisis-hit Rakhine, decries 'negative' focus

NGAPALI BEACH, Feb 22 — Myanmar leader Aung San Suu Kyi called for investment in the crisis-hit western state of Rakhine today, saying the world had “focused narrowly on negative aspects” in the state from which some 730,000 Rohingya Muslims…