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Malaysia: Gas price hike hurting glove makers

PETALING JAYA: Malaysian Rubber Glove Manufacturers Association (Margma) preisdent Denis Low Jau Foo has lambasted Gas Malaysia Bhd for the surprise announcement on gas price hike. Gas Malaysia’s three-day notice last Friday evening for the tariff hike, which will take effect today, is as “good as no notice given,” he said in a statement. Margma has repeatedly […]

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Aria Putera Ismail
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Malaysia: SME Bank targets higher financing

KUALA LUMPUR: SME Bank Malaysia Bhd, which is embarking on a two-year transformation programme, is targeting to approve RM3.5bil in financing to small and medium enterprises (SMEs) this year. Group president and CEO Aria Putera Ismail (pic) said the amount, which it is targeting to approve, is higher than last year’s figure of RM1.8bil. Since […]

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Malaysia’s industrial output in May exceeds forecast

KUALA LUMPUR: Malaysia’s industrial production index in May rose 4% on-yearwhich was above the Bloomberg survey of 3.5%, underpinned by electricity, manufacturing and mining. The Statistics Department said on Friday the growth was driven by the increase in all indices: electricity (5.7%), manufacturing (4.2%) and Mining (3.0%). “The manufacturing sector output rose by 4.2% in […]

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Malaysia to exceed its 2019 investment goal by making friends

KUALA LUMPUR: Malaysia expects to beat its approved investments target this year by working with, rather than competing against, its neighbours. The Southeast Asian country has already reached 47% of its full-year goal of 113.5 billion ringgit ($27.6 billion) in the first quarter, with the following two months showing increases compared to 2018, Malaysia Investment […]

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Three Malaysian companies in Forbes Asia’s list

PETALING JAYA: Three Malaysian companies have made it to the 200 top-performing public companies of the 2019 Forbes Asia’s Best Under A Billion list. Elsoft Research Bhd , Pentamaster Corp Bhd and Vitrox Corp Bhd have been recognised as among the leading public companies in the Asia-Pacific with an annual revenue of between US$5mil and US$1bil. The three companies beat […]

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Malaysia among top 10 in cross-border capital for commercial property investments in Asia-Pacific

KUALA LUMPUR: Malaysia saw an 18% year-on-year increase in cross-border capital for commercial property investments in the first quarter (Q1) of 2019, placing it in the top 10 countries in Asia Pacific, according to independent global property consultancy Knight Frank’s 2019 edition of its flagship report, Active Capital. Knight Frank Malaysia executive director of capital markets […]

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