Najib tables 'mother of all budgets'

WITH only a few months to the 14th General Election, Malaysia's Prime Minister Najib Razak tabled a budget for 2018 on Friday that he described as the "mother of all budgets"...

JLW suggests housing body like Singapore's HDB for Malaysia

MALAYSIA needs a single authority akin to Singapore's Housing and Development Board (HDB) to oversee the implementation of transparent, sound and coordinated public policies and to plan and manage the demand and supply of affordable homes, a property consultancy has suggested. ...

Strong industrial output growth bodes well for KL's GDP

MALAYSIA'S third-quarter GDP growth could surprise on the upside, economists said after the industrial output index (IPI) for August surged 6.8 per cent year-on-year, its strongest pace in more than two years...

Tax cuts to spur growth, consumption in KL Budget 2018?

COULD tax cuts be included in Malaysia's 2018 Budget to be tabled in a fortnight? ...

KL banks deny being tightfisted with home buyers

IN the continuing dispute over the accessibility of home loans in Malaysia, the country's commercial banks say more than RM42 billion (S$13.5 billion) worth of housing loans were approved in the year to end August, and that seven out of 10 loans were to first-time home buyers under the...

Malaysia's August exports grow 21.5% on strong global demand

MALAYSIA'S exports expanded by slightly over a fifth or 21.5 per cent to RM82.23 billion (S$26.5 billion) in the month of August on the back of strong global demand for its manufactured goods, particularly electrical & electronic products and commodities...

Bison charging ahead through JVs with 2 Japanese companies

BISON Consolidated has entered into joint ventures with two Japanese companies to produce ready-to-eat food and bakery products to be sold at its more than 360 convenience stores in a move to meet rising market demand for quality convenience offerings and to further boost customer loyalty.

External auditor expresses doubt about Perisai's viability

AN external auditor of listed oilfield services provider Perisai Petroleum Teknologi Bhd - an associate company of insolvent Ezra Holdings Ltd - has expressed doubts about its viability as a going concern even as the company's board of directors maintains it can be salvaged...

Pre-election budget almost a certainty for Malaysia

ONE thing is almost certain about Malaysia's 2018 budget: with only 8-9 months left before the 13th Parliament is automatically dissolved, the fiscal blueprint is invariably going to be a pre-election budget geared to boost sentiment at the polls...

Petronas and Aramco units in divestment deal as part of refinery tie-up

FOLLOWING an earlier agreement between national oil companies Petronas and Saudi Aramco to team up in the Johor Pengerang refinery and cracker project, Petronas Chemicals Group Bhd (PetChem) has divested half of its equity interest and shareholder loans in wholly-owned subsidiary PRPC Polymers Sdn...

Malaysia angling for tax revenue from foreign digital-services firms

MALAYSIA is looking to amend tax laws to ensure unregistered foreign digital-services companies operating in the country also contribute some revenue to Treasury.

Ascott eyes nearly 4,700 units in Malaysia by 2023

WITH demand from corporate and leisure travellers for serviced residences growing in Malaysia, where the average occupancy of managed apartments is more than 70 per cent, The Ascott Limited plans to add an average of 500 units a year to its portfolio there over the next six years.

Najib taps Muhammad Taib to take Selangor amid scepticism

AS strategies go, many were left unimpressed by Malaysian Prime Minister Najib Razak's latest gambit...

Najib and Trump pledge greater economic and security cooperation

MALAYSIA'S Prime Minister Najib Razak has committed to a review of diplomatic relations and business links with North Korea as well as the strengthening of bilateral defence ties with the United States following a three-day visit to Washington DC at the invitation of President Donald Trump...

Malaysia commits to billions in investments to support US economy

IN a visit to Washington DC on Tuesday, Malaysia's Prime Minister Najib Razak offered to purchase about US$10 billion worth of aircraft from the United States and to invest an additional US$3-4 billion to support its infrastructure redevelopment...

Shares of Felda Global Ventures climb on appointment of new chairman

SHARES of Felda Global Ventures Holdings Bhd (FGV) rose 4.3 per cent to RM1.71 (S$0.55) on Monday after Azhar Abdul Hamid was appointed chairman of the controversial state-owned plantations company last Friday.

Bank Negara FX losses a 'bitter lesson, but helped overcome Asian financial crisis'

FORMER Bank Negara Malaysia (BNM) adviser and ex-second finance minister Nor Mohamed Yakcop - the individual believed to be largely responsible for the colossal foreign exchange (FX) losses suffered by the central bank in the early 1990s - contended that the "bitter lesson" from the sorry...

Malaysia's July exports up 31%, led again by manufactured goods

MALAYSIA'S export performance in July continued to grow apace expanding by nearly 31 per cent year-on-year to RM79 billion (S$25.2 billion), led by higher exports of manufacturing sector products...

PLCs with no women directors to be named and shamed

MALAYSIA'S Prime Minister Najib Razak has served notice that public-listed companies (PLCs) that are slow to appoint women to their boards can expect to be publicly embarrassed next year under a name-and-shame campaign...

Grants and loans set up for Malaysian SMEs are underused

THE funding schemes put in place for Malaysia's small to medium enterprises (SMEs) are not being put to effective use because not enough people know about them, a survey has found. ...

RHB and AmBank Group call off merger talks

DISCUSSIONS on a proposed merger between RHB Bank Bhd and AMMB Holding Bhd (AmBank Group) have come to nought as both banking groups could not reach an agreement.

Malaysia car sales remain depressed

ROBUST GDP (gross domestic product) numbers notwithstanding, Malaysia's once vibrant automotive sector remains depressed by continued weak consumer sentiment and stricter hire-purchase guidelines, and underweight by analysts for a lack of catalysts...

Malaysia economy expands 5.8% in Q2

STEADY domestic demand and robust exports continued to propel the Malaysian economy in the second quarter to a stronger-than-expected expansion of 5.8 per cent, taking the first-half year growth to 5.7 per cent. ...

Many unmoved by Isa Samad's arrest over Felda's hotel deals

THE arrest and remand of Isa Samad, former chairman of the Federal Land Development Authority (Felda) and current acting chairman of Spad (Land Public Transport Commission), has been greeted mostly with ambivalence by Malaysians.

Passenger traffic at Malaysian airports expected to rise 8-9%

MALAYSIA'S passenger traffic is projected to grow by between 7.8 and 8.8 per cent this year, after having expanded 10.4 per cent in the first seven months. ...