No decision has been made on a proposal by Gold Coast KTMG Development, a company with Malaysian owners, to develop a new city near Sittwe, capital of Rakhine State, says a senior minister in the state government. “We have not decided on it and there have been no detailed discussions other than the presentation of […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today, in line with most emerging Asian currencies, as investors shifted their attention towards the safe-haven currencies, said a dealer. At 9.20am, the local currency stood at 4.1410/1430 versus the greenback compared to 4.1390/1420 at yesterday’s close. The greenback according to him has continued its […]
Read MorePETALING JAYA: Bank Negara is expected to maintain the benchmark interest rate at 3.00% at its Monetary Policy Committee (MPC) meeting today although there is mounting pressure for a further rate cut later this year. According to economists, the central bank would maintain the existing key benchmark rate for now, but would need to assess the […]
Read MorePETALING JAYA: Banks are not restricting lending activities amid concerns that lenders have been reluctant or stringent in their financing. While emphasising on the importance of financing to different customer groups, commercial banks said the disbursement of loans were in line with responsible lending guidelines and balanced against their risk metrics. House buyers, according to […]
Read MoreKUALA LUMPUR: The affirmation of Malaysia’s credit rating by Standard and Poor’s (S&P) last week demonstrates its confidence in Malaysia’s positive economic outlook, strong institutional profile, sound economic fundamentals and prudent debt management. In a statement yesterday, the Ministry of Finance (MoF) welcomed S&P Global Ratings’ affirmation of Malaysia’s issuer credit rating at A- with […]
Read MoreTHAI-BASED queuing system company QueQ is expanding its footprint to Malaysia following its recent US$2.8mil (RM11.6mil) Series A funding from True Incube and Bon Angels Venture Partner of South Korea. The startup helps eliminate the hassle of queuing for businesses and consumers by introducing a seamless virtual queuing system. As businesses become more aware of […]
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Thailand
