With the backdrop of an Aussie apartment scandal, Najib draws flack from netizens on 'leave Malaysia' call Malaysian Prime Minister Najib Razak who’s call to those who are not proud of Malaysia to leave the country drew massive flack from netizens, specially on Twitter, right after an Australian newspaper revealed juicy details of a corruption scandal said to involve people close the Malaysian leader. The netizens
MBSB profit after tax rose to RM417m or a 107% increase in FY17 MBSB Group reported a Profit After Tax (PAT) of RM417.13 million for the full Financial Year Ended 31 December 2017, a 107.1% or RM215.71 million from the RM201.41 million posted in the previous Financial Year Ended 31 December 2016 (FYE 2016). Their Profit Before Tax (PBT)
Malaysia-Pakistan business council welcomes new Pakistan high commissioner From left: Datuk Seri Satar Vice Chairman Malaysia-Pakistan Business Council, His Excellency Mr. Mohammad Nafees Zakaria, The High Comissioner of Pakistan to Malaysia, Datuk Seri Mohamad Nazir Meraslam, Chairman Malaysia-Pakistan Business Council, Datuk Zulkefli Mahmud Former CEO of Matrade and Rafiq Fazaldin Secretary Malaysia-Pakistan Business Council The
Oceanographer hopeful MH370 will be found in a month time A top oceanographer from Australia’s national science agency CSIRO has expressed optimism that missing Malaysia Airlines Flight MH370 will be found within a month, after a new search effort kicked off last week. “We’re hopeful that they (Ocean Infinity) can find the aircraft within the first month of
Malaysia's Naluri raises US$250K seed funding Malaysia-based healthtech startup Naluri Hidup raised approximately RM1 million (US$250,000) in seed funding from Singapore-based healthcare analytics company BioMark and 500 Startups’ Southeast Asia-focussed fund 500 Durians. The funding will be used to complete product development as well as commercial and clinical trials with the
Mauritius 1968: The wrong timing to relive the racial events? A local newspaper L’Express decided to publish a series of articles on the deadly events that shook Mauritius in 1968. To be fair, no one can complain if a newspaper carry stories of historic events. But the newspaper has failed in its mission. The mission of a newspaper is
commercial vehicles Mercedes-Benz Malaysia: 2,469 commercial vehicles sold in 2017 Mercedes-Benz Malaysia (Mercedes-Benz) said it sold 2,469 commercial vehicles, a 13.06% increase in its commercial vehicles (CV) market penetration last year, backed by new customers in haulage industry’s small and medium operator category. The company said in a media release today that its best-selling
PIDM releases its 2018-2020 corporate plan Perbadanan Insurans Deposit Malaysia (PIDM) today released its ‘Summary of the Corporate Plan 2018 – 2020’, which contains a 3-year rolling plan that sets out its three strategic priorities. The top priorities are to implement initiatives to strengthen readiness towards an effective resolution regime for Malaysia including resolution planning, to
Alibaba Alibaba ushered high growth of e-commerce in Malaysia: Gdex CFO GD Express (GDEX) chief financial officer Lim Chee Seong in a recent interview with Xinhua said the company’s major shift to e-commerce began several years ago with the collaboration with Xiaomi, a Chinese tech giant, but it was only the arrival of Alibaba that ushered in high growth.
DAVOS: Businesses looking towards sustainable political systems in Asean With a combined population of 640 million and a nominal GDP of more than $3 trillion, the 10 member countries of Asean are a key source of global growth. What is good for Asean is good for the world. Priorities for the Asean group include inclusive growth, sustainable development, gender
GDP The struggle of local contractors: Are we really in a good economy? It is not a doubt that in order to become a developed country more developments are required. The recent Budget 2018 underline the lots of construction projects opportunities which worth more than RM350 Billions for the nation or contractors to grab. This was supported by the statement from Master Builders
asean Why India should thread carefully in Southeast Asia and South China Sea India is playing to the America card of ‘quadrilateral’ power in the Southeast Asian region and in the South China Sea (SCS), which is a departure from the previous U.S. administration under President Barack Obama, but New Delhi will have to thread carefully in these troubled waters. The South
The reason why India wants Berenger, not Ramgoolam in government India does not want a repetition of the Ramgoolam regime ruling the country, preferring a Paul Berenger/Jugnauth regime instead. And it is the reason behind this shift in policy on Mauritius that would startle many, though it is not surprising given former PM Navin Ramgoolam’s career. Berenger, according
Selling America the Trump way: A new approach that may gain support With Donald Trump surprising Davos (where world leaders are meeting to discuss the economic future of the globe), it will not be surprising that many world leaders will give a try with their investments going to the U.S. Davos in Switzerland is currently holding the World Economic Forum, and
CIMB to increase base rate, fixed deposit board rates as of Feb 2 CIMB said today it will increase its Base Rate, Fixed Deposit Board Rates, BLR and BFR effective 2 February 2018. It said this was in response to BNM’s OPR increase from 3.00% to 3.25%. Thus, CIMB Bank Berhad and CIMB Islamic Bank Berhad announced their corresponding increases
StoreHub lands $5.1M fund to help Asean SMEs digitize their business StoreHub, a startup that helps retailers digitize their business, has closed a US$5.1 million Series A round led by Vertex Venture to expand in Southeast Asia. The startup offers point-of-sale technology and digital services to retailers. The idea is to help bring the long tail of
India fading in covert resistance against China Indian PM Modi with Malaysian PM Najib Razak: India’s influence is too small in Malaysia and within the Asean to unbuckle China. Is the US pushing New Delhi in a deadly gameplay versus Beijing? India is trying to play big, gathering the Southeast Asian leaders in talks on how
Oil prices influenced by many events but Petronas CEO remains confident Petronas President and Group CEO Tan Sri Wan Zulkiflee Wan Ariffin, told Bloomberg TV the Oil & Gas industry was subjected to a series of events that coincided and are shaping the future of the industry. He said the Opec and the non-Opec countries were on a voluntary production
horizon village outlet Michael Kors, Victoria's Secret on board Horizon Village Outlets Horizon Village Outlets have roped in leading local and international brands on board in its attempt to create a world-class initiative that will excite the Malaysian retail scene. It secured deals with leading retail group Valiram and its stable of brands which include names like Michael Kors, Kate Spade
inflation Malaysia inflation at 3.7% higher than expected: Research House Inflation – calculated as the Consumer Price Index (CPI) – grew at more than 3.5% year on year in December last year (y-o-y), and the result was above JF Apex in-house expectations of 3.1%, but the research house said it was within consensus of over 3.5%
Maybank Foundation: Pahang Princess Azizah visits Cambodian silk weaving training centre Princess Azizah of Malaysia’s Pahang state at a silk weaving training centre in Takeo province on Tuesday. Photo Credit: Embassy of Malaysia in Cambodia Princess Azizah and her 16-member delegation, who were on a three-day visit to Cambodia, watched a presentation by the Maybank Women Eco-Weavers
America First Trump's washing machine ban could send Singapore dollar in a viral spin Bloomberg said U.S. President Donald Trump’s attack on washing machine imports may end up putting the Singapore dollar through the spin-cycle. If the U.S. were to step up protectionism, Singapore will be more adversely affected and if its currency were to go on a viral spin,
digital Move aside Insurance champs, MUANG Thai Life Assurance is coming Muang Thai Life Assurance PLC, Thailand based indeed, is following into the footsteps of regional champions that has broken the boredom by spearheading in Asean nations. Its main focus will be to expand its digital and insurance businesses, including startup ventures. Yesterday, the company said it had plans to deepen
china OBOR: The dilemma that benefits Malaysia says MIDF MIDF Research said China’s One Belt One Road (OBOR) is economically linked to Malaysia’s own OBOR projects, and Beijing is in its own dilemma to support the related projects in Malaysia. In view of this, China will probably pump its foreign reserve into such projects, thus benefiting Malaysia
'No dog' year of the dog for Malaysian businesses: Conservatives winning? It is strange indeed that shopping complexes and businesses seems to be slow in and mild in their Chinese New Year decorations ahead of the month of February. This year, the CNY will be the Year of the Dog but some shopping complexes are skipping the ‘dog’ for the generic,
