PETALING JAYA: Rating agencies have raised their concerns over the elevated levels of Malaysia’s debt given its ratings but do acknowledge that efforts to be more transparent is a credit positive on the country’s profile. Moody’s said government debt would probably edge up to around 51% of gross domestic product (GDP) over the next two […]
Read MoreKasikornbank (KBank) has splashed US$50 million (1.65 billion baht) for an investment in Grab, Southeast Asia’s leading online- to-offline (O2O) platform, to expand its new customer base to taxi drivers. Beacon Venture Capital, an arm of KBank, has bought 0.45% of Singapore-based Grab Holdings in the company’s latest recapitalisation worth copy1 billion, said KBank president Patchara Samalapa. […]
Read MoreThe Energy Regulatory Commission (ERC) will increase the monthly electric rate for January-April 2019 to 3.64 baht per kilowatt-hour, up 1.2% from 3.60 baht in the September-December period. Power bills have been stable over the previous four periods from September 2017 to December 2018, making it the first rise in 16 months, said ERC secretary-general […]
Read MoreIn a bid to boost trade with Asean countries, the Ministry of Commerce has started work on a plan that would allow special economic zones located near the border to issue certificate of origins to traders. Technical assistance will be provided in order to build up the capacity of local commercial officials and staff at […]
Read MoreKUALA LUMPUR: Malaysia’s Budget 2019 indicates greater transparency in the country’s public accounts and a focus on inclusive growth, which if sustained, will be credit positive, says Moody’s Investors Service. “However, in the near term, a still high fiscal deficit and heightened reliance on volatile oil-related revenues will weaken Malaysia’s fiscal profile, a credit negative,” […]
Read MoreThere might be an increasing number of dates appearing on the calendar when it comes to e-commerce sales such as Black Friday and Singles’ Day, but the traditional Christmas holiday still represents the majority of online engagement, according to a new study by Meltwater. In its report ‘Ecommerce in SEA: Supercharging Holiday Sales Through Social Media’, […]
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