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Business News

Business News


Malaysia to have largest MICE venue in South-East Asia

Tue, 26 Sep 2017 20:50:11 +08:00

PUTRAJAYA: Malaysia will house South-East Asia’s largest meetings, incentives, conferences, and exhibitions (MICE) venue following the combination of the Malaysia Exposition and Convention Centre (MyExpo) and existing Putrajaya International Convention Centre (PICC) by 2021.

Lai assumes post of Public Bank deputy chairman

Tue, 26 Sep 2017 20:33:23 +08:00

KUALA LUMPUR: Public Bank Bhd has appointed Lai Wan as its deputy chairman with immediate effect.Public bank..

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AFG completes corporate revamp exercise

Tue, 26 Sep 2017 18:36:47 +08:00

KUALA LUMPUR: Alliance Financial Group Bhd (AFG) has completed its corporate reorganisation exercise, which sees Alliance Bank Malaysia Bhd (ABMB) assuming its listing status on the official list of the Main Market of Bursa Malaysia Securities Bhd effective today.

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FGV chairman Azhar takes the chair of MSM Malaysia also

Tue, 26 Sep 2017 18:03:10 +08:00

KUALA LUMPUR: Felda Global Ventures Holdings Bhd’s (FGV) recently-appointed chairman Datuk Wira Azhar Abdul Hamid has also assumed the chairmanship of Felda’s sugar refining subsidiary MSM Malaysia Holdings Bhd.MSM Malaysia controls the lion's share of the domestic sugar market and operates the country’s largest sugar refinery in Penang (MSM Prai).

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KLCI posts sixth straight day of losses

Tue, 26 Sep 2017 17:34:53 +08:00

KUALA LUMPUR: The FBM KLCI ended lower for its sixth consecutive day, tracking regional markets as investors were shaken by tensions on the Korean peninsula and awaiting fresh signals about the US monetary policy outlook.

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Tourism sector to remain third largest contributor to economy

Tue, 26 Sep 2017 16:27:06 +08:00

KUALA LUMPUR: Aggressive measures taken to boost Malaysia’s tourism and hospitality industry, which include hotels, foods, restaurants, chefs, as well as food services equipment and suppliers doing their part, will help maintain the industry as the third largest contributor to the country’s economy. Token sum: Foreigners will soon have to pay a small tourism tax for staying at hotels in Malaysia. — LIM BENG TATT/The Star

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MARC affirms AA-IS rating on Tanjung Bin O&M’s Islamic securities

Tue, 26 Sep 2017 16:19:48 +08:00

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its rating of AA-IS on Tanjung Bin O&M Bhd’s RM470mil Islamic Securities (Sukuk Wakalah) with a stable outlook.

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Corporate bonds issuance rebounds in August

Tue, 26 Sep 2017 16:09:17 +08:00

KUALA LUMPUR: A total of RM8.7bil of corporate bonds was issued in August, following the low of RM2.8bil in the preceding month.

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Top foreign and local stories at 4pm

Tue, 26 Sep 2017 16:09:12 +08:00

Top foreign and local stories at 4pm

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Ahmad Hizzad returns to BNM, new D-G appointed at Labuan FSA

Tue, 26 Sep 2017 15:34:25 +08:00

KUALA LUMPUR: Datuk Ahmad Hizzad Baharuddin will resume his duties at Bank Negara Malaysia following the end of his six-year secondment to the Labuan Financial Services Authority (Labuan FSA) as the Director-General.Datuk Ahmad Hizzad Baharuddin, Bank Negara Malaysia Assistant Governor

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