NEW DELHI: India’s trade ministry has recommended raising the tax on refined palmoil imports from Malaysia by 5% to curb cheaper purchases of the tropical oil, showed a government document. The ministry has recommended raising the import tax for six months, said the document seen by Reuters. India currently imposes a 40% import tax on […]
Read MoreGEORGE TOWN: Malaysian investors should have an investment portfolio comprising 70% bonds and 30% equities. Affin Hwang Asset Management managing director Teng Chee Wai told StarBiz that Malaysian bond market was still healthy. He spoke at the Affin Hwang Asset Management Investment Forum 2019: Wealth & Beyond. “Our bonds are among the single A-rated bonds […]
Read MorePETALING JAYA: Malaysia will continue to be a business-friendly country and woo more foreign investors into the country even beyond the US-China trade war, Deputy International Trade and Industry Minister Dr Ong Kian Ming said. He said the government would ensure that Malaysia would continue to offer good investment environment and facilities, coupled with high-skilled […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose nearly 2% in the second half of Tuesday’s trading session, supported by gains in soyoil on the U.S. Chicago Board of Trade and stronger export data from cargo surveyors. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 1% at 2,177 […]
Read MoreMALAYSIA’S construction sector may see short-term weakness given macroeconomic uncertainties, but will get a boost from completed transport infrastructure projects in the long run, said Fitch Solutions Macro Research in an Aug 19 report. Fitch Solutions lowered its forecasts for both the residential and non-residential buildings sectors. The report noted weak supply side data, with a decreasing […]
Read MoreSINGAPORE – Omnichannel logistics and channel management solutions firm UrbanFox is expanding to Vietnam and Malaysia with support from Enterprise Singapore, it said on Tuesday (Aug 20). UrbanFox – whose parent company is Keppel Logistics – worked with Keppel Land to establish online-to-offline (O2O) capabilities at Estella Place shopping mall in Ho Chi Minh City, […]
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