Euro dips after Catalan vote The Euro sharply depreciated against the Dollar during early trading on Friday after pro-independence parties in Catalonia triumphed in Thursday’s regional elections. With three pro-independence parties winning a combined 70 seats of the 135 available, concerns are once again heightened that tensions between Barcelona and Madrid could escalate. Although
Shell to cut in half net carbon footprint of energy it sells by 2050 The world has a puzzle to solve, a jigsaw with a spectacular number of pieces to place. If it can succeed it will win a priceless prize: it will achieve the goal of the Paris Agreement, to limit global warming to under 2C. It is the puzzle of the energy
Permohonan KISS bagai pisang goreng panas: Ahli Dewan Negeri Rawang Program Kasih Ibu Smart Selangor (KISS) yang memfokuskan golongan ibu, di negeri ini terus mendapat sambutan menggalakan daripada rakyat. Ahli Dewan Negeri Rawang, Gan Pei Nei berkata, sehingga kini lebih 700 permohonan KISS sudah diterima, di kawasan Dewan Undangan Negeri (DUN) itu. “Kami sasarkan 1,000 permohonan bakal diterima sehingga
Denis Delval appointed CEO of LFB SA On December 20th, a decree from the President of France Emanuel Macron was published in Le Journal Officiel* appointing Denis DELVAL CEO of LFB S.A. This decree follows the General Meeting of LFB SA and the meeting of its Board of Directors, which both took place on December 4th,
HSBC to source 100% of its electricity usage from renewables HSBC is aiming to source 100 per cent of its electricity from renewable sources by 2030, with an interim goal of 90 per cent by 2025. Andy Maguire, Group Chief Operating Officer, HSBC, explaining the bank’s approach and its progress so far in this context, said each and every
New InfoWatch-based Department at HSE’s Moscow Institute of Electronics and Mathematics launched Kuala Lumpur, December 20, 2017 — InfoWatch Group, a Russian vendor of enterprise cybersecurity solutions, and National Research University Higher School of Economics (HSE), one of the Top 400 universities worldwide according to QS World University Rankings, have announced the opening of the InfoWatch-based enterprise cybersecurity department. This will be as
DC judge to hear dismissal motions of law suits over MH370 A federal judge in the District of Columbia is set to hear arguments Tuesday overwhether to dismiss lawsuits brought on behalf of passengers of Malaysia Airlines Flight 370, which disappeared over the Indian Ocean in 2014. Most of the dismissal motions focus on the families of about 70 passengers, represented
Bitcoin with caution says Singapore which is nurturing blockchain! The Monetary Authority of Singapore (MAS) said in an official statement on Tuesday it is “concerned that members of the public may be attracted to invest in cryptocurrencies, such as bitcoin, due to the recent escalation in their prices”. Singapore, which is gearing up for its own cryptocurrency, exploring with
1MDB scandal far from losing steam: Singapore issues more ban The funny thing about the 1MDB scandal is that Malaysia says there is nothing wrong with it, but it is not going away! With the Singapore’s central bank’s issuing new permanent bans against Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to
Mauritius next to increase minimum wage The increase in the minimum wage is a global trend and Mauritius is set to be the next country to adopt the trend. In January Mauritius will increase their pay from 4,000 Mauritian rupees on average, to the new minimum wage of 8,140 Mauritian rupees ($239.32). Officially,
World Bank traces Mahathir's banking solutions that saved Malaysia One of the immediate reform measures undertaken by the authorities in 1998 was to consolidate the highly-fragmented banking system. Prior to 1997, there were more than 77 banks and the authorities decided to consolidate the sector. At that time, existing institutions did not have the resources to compete with their
While Labour won, Reform Party made its mark With the election results not out, it is clear the Labour Party will not be able to form a government alone if it were to run in the next General Elections alone. While it garnered 35.5% in the No 18 by-elections, it is definitely not sufficient for the party
Malaysia's GNI per capita fell to US$9,850 Malaysia’s Gross National Income or GNI has fallen from US$10,440 (2015) to US$9,850, an increase of 30.5% on the 2009 figure of US$7550 but a decrease over the 2015 figure. While GNI per capital was increasing up until 2014, in recent years, it
Need to improve B40 well-being in Malaysia, World Bank says In its Turmoil to Transformation: 20 Years after the Asian Financial Crisis report, the World Bank said Malaysia need to improve the well-being of the population categorised as the below 40% or B40. The B40 means there are at least 6.25 million Malaysians classified as those living who are
World Bank lauds Mahathir for saving Malaysia in 1998 According to the article published today in The Independent Singapore, the World Bank has risked criticism from some quarters in praising and lauding former Prime Minister Mahathir Mohamad, now the main opposition leader, for saving the country in the 1998 financial crisis. The article states that in a rare splash
Tough to call in Mauritius by-elections It is a tough call, as the fierce battle on the field did not bring the crowd out to vote in the by-elections at Belle Rose-Quatres Bornes. With only 54,96 %. of voters casting their vote, or 23 112 voters, the battle between the candidates are expected to the tough.
HSBC teams-up with Rise against Hunger HSBC hosted a meal packaging programme for the fourth consecutive year in partnership with Rise Against Hunger, an international hunger relief organisation that distributes food and aid to vulnerable communities. More than 350 HSBC employees from their Global Service Centre and the Bank volunteered a total of 1,800 hours
Yet another sign Mauritius economy is not well: Current account deficit higher Yet another sign that the Mauritius economy is not going well. The current account deficit will reach 5.1 per cent of gross domestic product in 2017. The Bank of Mauritius said on Wednesday this means it will be up from 4.5 per cent of GDP in 2016. The
Malaysia Industrial production October 2017 Industrial production expanded 3.4% year-on-year in October, moderating from September’s 4.7% growth and coming in below market expectations of a 3.8% increase. According to the Statistical Institute, the expansion was driven primarily by the electricity and manufacturing sectors, although the manufacturing sector grew at slower pace
More hotels suggest tourism industry in Malaysia vibrant More hotels being planned in Kuala Lumpur, along with a large number of budget hotels sprouting all over Kuala Lumpur, suggests that the tourism industry is alive and thriving, industry analysts and economists said to Malay Mail. They also said the sustained recovery in tourist arrivals, which are expected to
Oil price increase, boon or bane? THE increase in the price of crude oil appears to be both a boon and a bane for Malaysia. It is a boon as the increase in crude oil price would rake in additional revenue into Malaysian coffers. It is a bane as the average consumers would now have to
bandar malaysia Bandar Malaysia still without Fortune 500 master developer The Bandar Malaysia project has taken the back seat while the government is still chasing after a Fortune 500 company that it said would be given the contract to handle the project. In June, the then newly appointed chairman of Bandar Malaysia Mohd Irwan Serigar Abdullah said only top, world-renowned
US$100mn loan to develop SMEs in Mauritius The African Development bank (AfDB) has approved US$100mn loan for the development of small and medium enterprises (SMEs) in Mauritius, through the AfDB’s public sector window to MauBank Holdings Ltd in Mauritius. The grant aims to expand SME business across sectors and foster private sector investments in a
Maybank Kim Eng sees strong end of year finish for Asean indices Maybank Kim Eng said that after a weak performance since September, the FBMKLCI may be getting its much-needed boost. “Since 2007, the index only closed once in negative range in December and that was in 2014. “As such, we expect FBMKLCI to start a new recovery cycle as it heads
Watch Japan reassert itself on the world stage JAPAN may have retreated a little in the 90’s to deal with its own set of economic woes but it appears ready to return as a formidable player on the world stage. Its tenacity and resilience are well known, and its ability to ride out of adversity is legendary,
