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 […]

What is Financial Planning?

For many people, financial planning is usually associated with insurance products or even unit trust funds. In reality however, it has a much broader scope. A comprehensive financial plan covers the following areas – investments, insurance, estate planning, cash flow management, taxation planning and others. In short, it involves the process of developing strategies to […]

Margins in focus as results drive big swings in European stocks

LONDON, Feb 23 ― Europe's main share benchmarks rose marginally yesterday but company results including Sweden's Elekta and France's Sopra Steria drove big swings in stocks as investors awaited news from crucial US-China trade talks. The STOXX 600…

Trump says he's inclined to extend China trade deadline and meet Xi soon

WASHINGTON, Feb 23 ― President Donald Trump said yesterday there was “a very good chance” the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with…

Trump says could include Huawei and ZTE in trade deal

WASHINGTON, Feb 23 ― US President Donald trump said yesterday he may or may not include Chinese telecommunications companies Huawei Technologies and ZTE Corp in the trade deal being negotiated between the United States and China. The Justice…

Fitch affirms Malaysia’s rating at ‘A-’, outlook stable

KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at ‘A-’ with a stable outlook. The ‘A-’ rating reflects higher growth rates than the peer median and a net external creditor position which is supported by steady current account surpluses and large external assets. However, the rating is constrained by high […]

Trump to meet Chinese trade negotiator amid effort to defuse conflict

WASHINGTON, Feb 22 — President Donald Trump is due to meet this afternoon with China’s top trade negotiator, as talks continue to try to defuse the escalation of the tariff war between the world’s economic superpowers. The fourth round of…

Axiata Digital expects financial services to turn profitable by 2021

KUALA LUMPUR, Feb 22 — Axiata Digital Services Sdn Bhd, a subsidiary of Axiata Group Bhd, expects its financial services business to turn profitable by 2021. Chief executive officer Mohd Khairil Abdullah said the projection is based on the growing…

WCT executes three LRT3 novation agreements with Prasarana, MRCB George Kent

KUALA LUMPUR, Feb 22 — WCT Holdings Bhd’s wholly-owned subisidary, WCT Bhd (WCTB) today executed three separate Novation Agreements with Prasarana Malaysia Bhd and MRCB George Kent Sdn Bhd under the Light Rail Transit 3 (LRT3) project packages….

Axiata allocates RM6.8b for capex this year

KUALA LUMPUR, Feb 22 — Axiata Group Bhd is allocating RM6.8 billion in capital expenditure (capex), mainly to modernise the group’s network and towers expansion. President and group chief executive officer Tan Sri Jamaludin Ibrahim said about…