KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) is confident that the construction industry is still on track to achieve its 1.7% growth forecast for 2019, underpinned by ongoing jobs that will keep contractors busy until the end of the year. President Foo Chek Lee said the growth could be accelerated if local construction firms […]
Read MoreMALAYSIA’S agricultural sector received a boost in June, after the country started shipping whole frozen durian to China. With the upgrade protocol of the free trade area between China and the Association of Southeast Asian Nations (Asean), Malaysian officials are confident that Malaysia will have greater access to the Chinese market. Trade between Malaysia and […]
Read MoreTOKYO: Japan Airlines Co. said it’s not planning to take a stake in Malaysia Airlines Bhd., pushing back against a report that it put in a bid for a strategic holding in the carrier. The Japanese company is waiting for approval to begin a tie-up with Malaysia Airlines rather than taking a stake in the […]
Read MoreKUALA LUMPUR: The World Bank Doing Business 2020 Report has ranked Malaysia in 12th position amongst 190 economies worldwide, a further improvement from the 15th spot the previous year, says the International Trade and Industry Ministry. Minister Datuk Darell Leiking said the improved ranking was due to the public and private sector members’ collaboration and […]
Read MorePETALING JAYA: The World Bank Group’s present definition of government’s debts that only includes direct debts borrowings is inadequate, Finance Minister Lim Guan Eng says. In a statement issued on Wednesday, he said government guarantees or liabilities that have been committed or crystalised due to default by the principal borrowers, are not covered. “This does […]
Read MoreSINGAPORE: Asia is bracing for the latest U.S. Treasury report on foreign currency manipulators, coming in the middle of a trade war that shows no sign of ending. The twice-yearly report is due in coming weeks and will likely see the return of Singapore, Malaysia and Vietnam on the watchlist. The three Southeast Asian nations […]
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