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  • Bursa rebounds to open higher

    January 19, 2018 1:59 AM 4

    KUALA LUMPUR, Jan 19 — Bursa Malaysia rebounded from yesterday's losses to open slightly higher today on renewed buying interest in selected heavyweights, amid a mixed start on regional markets, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,824.10, up 2.50 points, from yesterday's close of 1,821.60.It opened 1.79 points

  • Venezuela currency rout hits new milestone at 200,000 per US dollar

    January 19, 2018 1:35 AM 4

    A man counts Venezuelan bolivar notes in downtown Caracas January 9, 2018. — Reuters picCARACAS, Jan 19 — Venezuela’s currency crossed a new barrier this week as hyperinflation exploded and Nicolas Maduro’s government readied a cryptocurrency issuance next month. The rate in the black market — where most Venezuelans acquire US dollars — weakened to 202,000 bolivars

  • Malaysian palm oil output to rise 3% in 2018

    January 18, 2018 12:37 PM 7

    KUALA LUMPUR: Palm oil production in Malaysia, the world’s No. 2 producer of the commodity, will rise by 3% in 2018, an industry body forecast today. The Malaysian Palm Oil Board (MPOB) expects production to climb to 20.5 million tonnes from 19.9 million tonnes in 2017, the group’s director-general, Datuk Ahmad Kushairi, said at an industry conference

  • Sunway theme parks records visitor growth in 2017

    January 18, 2018 11:20 AM 8

    KUALA LUMPUR, Jan 18 — Sunway Group’s two theme parks recorded a growth in the number of visitors for 2017 despite the softening economy, signalling higher tourist spending. Sunway Malls and Theme Parks chief executive HC Chan said Sunway Lagoon and Lost World of Tambun theme parks recorded 1.6 million and 1.1 million visitors respectively

  • MITI: 2017 was bumper year for Malaysia’s auto sector

    January 18, 2018 7:44 AM 6

    (From left) Datuk Zainal Amanshah, Datuk Dr Loga Bala Mohan, Datuk Mustapa Mohamad and Datuk Idris Jala at the networking event by InvestKL, February 11, 2015. ― Picture by Choo Choy MayKUALA LUMPUR, Jan 18 — The local automotive sector rose in terms of production, market penetration and exports of parts and components in 2017, said the International

  • Faster payout for Edusave Award recipients via Singapore’s new PayNow trial

    January 18, 2018 7:01 AM 8

    Recipients currently receive cheques at the award ceremonies, which they have to deposit with a bank before the money can be credited to their accounts in about two working days. — TODAY pic SINGAPORE, Jan 18 — Some 34,000 winners of Edusave Awards can look forward to a faster and more convenient way of receiving the funds via e-payment when a new trial

  • Gov losing RM8b in tax revenue from illicit trade

    January 18, 2018 5:16 AM 4

    KUALA LUMPUR: The Institute for Democracy and Economic Affairs (IDEAS) has estimated that government is losing some RM8 billion in tax revenue annually due to illicit trade. Last year, the illicit tobacco market alone is believed to have contributed about RM4.4 billion in tax revenue losses. Apart from the tobacco industry, these losses also come from the black

  • MPOB: Malaysia palm oil output, exports forecast to rise in 2018

    January 18, 2018 5:09 AM 5

    A worker carries palm oil fruits during harvest time at Teluk Payu village in Banyuasin, Indonesia’s South Sumatra province, November 28, 2016, in this picture taken by Antara Foto. — Reuters picKUALA LUMPUR, Jan 18 — Palm oil production in Malaysia, the world’s second-largest producer of the edible oil, will rise by 3 per cent in 2018, an industry body forecast

  • Thailand recommends daily minimum wage hikes up to 7pc

    January 18, 2018 4:33 AM 6

    File photo of a bank cashier counting Thai baht notes in a bank in Bangkok. – AFP picBANGKOK, Jan 18 — Thailand’s Central Wage Committee has recommended that the daily minimum wage be increased by 7 per cent to 330 baht (US$10.33) in its two most industrialised provinces, Chonburi and Rayong. The committee recommended increases of between 5 to 22 baht across

  • Malaysia’s Khazanah raises US$320.8m in exchangeable sukuk

    January 18, 2018 3:49 AM 7

    Khazanah's managing director Tan Sri Azman Mokhtar answers questions from the media at a special briefing on the 12-point MAS recovery plan in Kuala Lumpur, on August 29, 2014. — Picture by Choo Choy MayKUALA LUMPUR, Jan 18 — Malaysia’s state investor Khazanah Nasional Bhd said today it has raised US$320.8 million (RM1.2 billion) through a sukuk that is exchangeable