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1-10 results from 1000 for query «finance»

June 21, 2018 10:44 AM Guan Eng appears utterly confused

Guan Eng says that RM3 billion was stolen from TRX in order to service 1MDB’s debt. He also says that the govt will now need to bail out TRX with an additional RM2.8 billion in order to complete the project which would then make a profit as it will bring in at least RM7.6 billion in sales. Only the uneducated and those without any sense of logic will believe 3

June 21, 2018 7:20 AM Finance Ministry to pump additional RM2.8b into TRX project

PUTRAJAYA: The Finance Ministry will inject an additional RM2.8 billion to fund the completion of Tun Razak Exchange (TRX). Finance Minister Lim Guan Eng said the funds will be used to complete all the necessary infrastructure works in TRX as TRX City Sdn Bhd (TRXC) does not have the funds to complete the project. TRXC, formerly known as 1MDB Real Estate 3

June 20, 2018 6:18 AM Mohd Ghazali Abas is Education Ministry's new sec-gen

PUTRAJAYA: Datuk Dr Mohd Ghazali Abas (pix) has been appointed the new secretary-general of the Education Ministry effective today. He takes over from Datuk Seri Alias Ahmad who went on mandatory retirement on May 22. Chief Secretary to the Government Tan Sri Dr Ali Hamsa, in a statement today, said Mohd Ghazali was previously the secretary-general of the Human 3

June 20, 2018 2:42 AM Bursa Malaysia snaps eight-day losing streak, opens higher

KUALA LUMPUR: Bursa Malaysia snapped an eight-day losing streak to open higher today as bargain-hunting took place. The local bourse slumped to an over six-and-a-half month low at yesterday's close. But at 9.08am today, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.02 points stronger at 1,725.38 from Tuesday's close of 1,715.36. On the broader 9

June 19, 2018 1:11 PM Guan Eng defends decision to publicise financial scandals

PETALING JAYA: Finance Minister Lim Guan Eng defended himself against criticism from PKR de facto leader Datuk Seri Anwar Ibrahim today by saying that his publicising of all the previous administration's financial scandals was carried out on the instruction of Prime Minister Tun Dr Mahathir Mohamad, and were not borne out of his own action. Lim was responding 5

June 19, 2018 11:53 AM GHL Systems: RM40m from private placement to finance purchase of Paysys

PETALING JAYA: GHL Systems Bhd will be deploying RM40 million out of the RM84.5 million raised from a private placement exercise, to fund the proposed acquisition of Paysys (M) Sdn Bhd to expedite the process. The group had previously stated in a circular to its shareholders dated May 16, 2018 that the acquisition will be funded through a combination 5

June 19, 2018 10:29 AM Bursa Malaysia ends at over 6 1/2-month low

KUALA LUMPUR: Bursa Malaysia ended at a six-and-a half month low with the FTSE Bursa Malaysia KLCI (FBM KLCI) losing 28.07 points or 1.61% to 1,715.36, the lowest level seen since Dec 4, 2017, in tandem with losses in regional bourses which were reeling under the escalating trade war between the United States and China. The index opened 5.23 points weaker 4

June 18, 2018 7:29 AM Malaysia expects more trade with China with opening of Alibaba office

PETALING JAYA: Malaysia which saw a 14.7% increase in bilateral trade with China in the first five months of this year compared to a year ago, is expected to see a further boost with the opening of Alibaba's Group's national office and electronic world trade platform (ewtp) in Kuala Lumpur today. The total trade between the two countries stood at US$42.7 billion 4

June 17, 2018 4:00 PM We are one with the nation, says Cathodic church

PUTRAJAYA: The Catholic church's contribution to Tabung Harapan should be seen as a gesture that the community is one with the nation in times of need. Archbishop of Kuala Lumpur Julian Leow said the contribution is an important initiative by the Catholic church to pay a portion of the country's debts of RM1 trillion. "We are all Malaysians and we are part of the nation 5

June 17, 2018 12:25 PM Bursa trading velocity profoundly low during World Cup

PETALING JAYA: The trading velocity in Malaysia during the 2018 World Cup is expected to be subdued not just because of this event but also due to the festive season, according to MIDF Research. “We do not expect the World Cup event to change the fundamentals of all stocks under our coverage. Hence, we maintain our FBM KLCI year-end 2018 target of 1,800 points 5