Hong Leong Bank launches new unit-linked insurance plan
Cheetah ready to sell RM1.368mil worth of properties
PETALING JAYA: Sports apparels and casual wear retailer Cheetah Holdings Bhd is prepared to sell four properties worth RM1.368 million
Selangor expects 6% to 7% economic growth next year
PETALING JAYA: Selangor, the country’s most developed state, is expected to achieve an economic growth of between six per cent andseven per cent next year, Menteri Besar Tan Sri Abdul Khalid Ibrahim said Monday.
Bario Rice’s GI label ready by Jan
KUCHING: The Geographical Indication (GI) label for Bario Rice, famous for its excellent taste and texture and highly appreciated in fine Malaysian cuisine, is expected to be ready by January next year, in time for harvesting in the Kelabit Highlands, Sarawak.
AWC’s turnover in first quarter up almost 100%
KUALA LUMPUR: AWC Berhad announced that turnover for its first quarter ended Sept 30, 2009, rose almost 100 per cent to RM36.1 million from RM18.6 million in the same quarter last year.
Walter Rhodes to aggressively expand ops overseas
KUALA LUMPUR: Malaysian global shared services and outsourcing (SSO) service provider, Walter Rhodes Sdn Bhd, will aggressively expand its operations overseas.
India said Monday it’s economy grew 7.9% in July-Sept
MUMBAI, India: India’s economy grew 7.9 percent in the July-September period, the fastest pace in six quarters, bolstered by government stimulus measures and rising industrial production, figures showed Monday.
Dubai stock exchange nosedives as trading resumes Monday
DUBAI, United Arab Emirates: Dubai’s main stock exchange dropped more than 7 percent and Abu Dhabi markets slid more than 8 percent on the first day of trading since officials went public with the city-state’s huge debt crisis.
GST projected to generate RM1bil in annual tax revenue
KUALA LUMPUR: The Goods and Services Tax (GST), proposed to be enforced in the third quarter of 2011, is projected to generate RM1 billion in annual tax revenue after the first year of introduction.
OSK expects Wah Seong’s earnings to increase next year
KUALA LUMPUR: OSK Investment Research expects earnings of Wah Seong Corporation Berhad, a global oil and gas service infrastructure conglomerate, to marginally increase by 5.4 per cent next year.
Potential business worth RM6.3mil expected from incoming buying missions
KUALA LUMPUR: Malaysia External Trade Development Corporation (Matrade) says the Incoming Buying Missions for foreign buyers held early this month for the local fashion and healthcare sectors saw potentialbusiness worth RM6.3 million.
Oil rises in Asia Monday as fears over Dubai’s debts ease
KUALA LUMPUR: Oil prices rebounded to near US$77 a barrel Monday in Asia as panic about a global fallout from Dubai’s debt problems abated.
Asian markets remain positive at midday
Asian markets remained positive at midday trade Monday following a pledge by the United Arab Emirates that it will support banks thereby easing concerns from investors who feared losses from Dubai World will spread.
Japan said Monday factory output up 0.5% in Oct(update)
TOKYO: Growth in Japan’s factory output stumbled in October, falling short of expectations and adding another kink in the country’s fragile recovery.
China, please, for the sake of the world economy let the yuan strengthen
NANJING, China: European financial leaders on Sunday urged China to let its currency gain against the euro, for the sake of the world economy and its own future growth, but there was no sign the appeal would be heeded.
What happens when you post someting on online that you shouldn’t
CHICAGO: So, you fail to take a deep breath and to count to 10 – and you post something you probably shouldn’t on Twitter or Facebook, or somewhere else online. Hopefully, it blows over without doing too much damage. But ….?
Baffling, US pilots run out of fuel causing small plane crashes
DES MOINES, Iowa: National Transportation Safety Board officials say what baffles them is the frequency with which pilots run out of gas causing small planes to crash.
UAE to back banks to prevent run on banks Monday
Will discounts for your traffic summonses make you a careful driver?
MY friend collected traffic summonses worth RM1,400 over several months because of his regular commute between Kuala Lumpur and Singapore. He finally decided to pay up.
How to keep your workers alive and loyal
IT was leadership guru Stephen Covey who said: You can buy a persons hands but you cant buy his heart. His heart is where his enthusiasm, his loyalty is.
More people are travelling by air
PETALING JAYA: A rebound in passenger air travel including premium travel in many markets globally is evident but airlines are not likely to rush to add capacity as uncertainties over the sustainability of the global economic recovery and worries of the Influenza A (H1N1) pandemic still looms.
The week ahead for US stocks(update)
NEW YORK: Investors may have to do some emotional juggling as the U.S. trading week begins.
Malaysian construction firms in Dubai have minimum exposure
PETALING JAYA: Malaysian construction companies are not likely to be hit by the debt crisis affecting Dubai, said industry players. Dubai has been struggling to ease fears of a massive debt default after it moved to delay repayments at two flagship firms, which has shook confidence in the Middle East as a centre for investment.
Abu Dhabi to aid Dubai on ‘case by case’ basis
ABU DHABI: Abu Dhabi, the wealthy capital of the United Arab Emirates, will “pick and choose” how to assist debt-laden neighbour Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.
Report: Dubai World rejected asset sale
DUBAI: Dubai World totally rejected the possibility of selling off some of its top-performing assets in the months before the heavily indebted conglomerate turned to creditors with a plea to defer payments on some of the US$60bil it owes, a newspaper reported yesterday.
Financial institutions need to adopt more efficient systems to prevent fraud
PETALING JAYA: Financial institutions in Malaysia need to re-look at their current fraud-detection technology and adopt more efficient systems to combat the potential threat of fraud amid the growing importance of the electronic payment channel.
Scomi unit bags RM17.5mil contract
KUALA LUMPUR: Scomi Group Bhds oilfield services business under Scomi Oiltools was awarded a RM17.5mil contract to supply specialty drilling fluid chemicals to clients in Malaysia.
All Cosmos invests RM200mil in Medan, Vietnam
PASIR GUDANG: All Cosmos Industries Sdn Bhd will invest RM200mil to set up two bio-organic fertiliser plants, in Medan, Indonesia and Ho Chi Minh City in Vietnam, in 2011.
Century Bond sees good prospects in Indonesia
JOHOR BARU: Century Bond Bhd sees Indonesia as the next economic power house with good business prospects for foreign investors as the country has charted encouraging economic growth despite the global economic recession.
MAS aircraft financing exercise named leasing deal of the year
KUALA LUMPUR: Malaysia Airlines (MAS) success in securing finances worth US$126mil under the Japanese Operating Lease (JOL) for seven ATR72-500s aircraft was named Aircraft Leasing Deal of the Year Asia by Jane Transport Finance.
Fledgling mobile phone operator P1 adds 36,000 subscribers
KUALA LUMPUR: There is no denying that competition has gone up several notches of late in the broadband space.
Broadband rivalry heats up, TM losing to newcomers
KUALA LUMPUR: Rising broadband competition appears to be halting the growth for incumbent Telekom Malaysia Bhds (TM) broadband segment, which expanded a mere 6% in the third quarter ended Sept 30 compared with over 40% a year ago.
Msia launches programme to woo investors
JELI: Malaysia has launched a programme to attract local and foreign investors to boost economic growth by between 2% and 3% next year.
Bernanke makes case for strong Fed role
NEW YORK: The chairman of the Federal Reserve is concerned that congressional efforts at financial reform could weaken the central banks ability to handle future crises and may politicise monetary policy.