KUALA LUMPUR: Malaysia needs to increase its productivity if it is to achieve its goal to become a high-income nation in the next decade, said International Monetary Fund (IMF) managing director Christine Lagarde. She said despite the economic success over the past 20 years, Malaysia’s productivity did not grow as much as the country […]
Read MoreKUALA LUMPUR: Malaysia’s asset management industry which has grown rapidly over the last decades has shown signs of a slowdown amid fundamental shifts which are expected to alter the business landscape, said Securities Commission Malaysia (SC) chairman, Datuk Syed Zaid Albar. He said over the past 20 years, the industry had been recording strong growth […]
Read MorePETALING JAYA: Following a meeting with the Domestic Trade and Consumer Affairs Ministry, industry players have agreed to not increase cement prices. Minister Datuk Seri Saifuddin Nasution Ismail told reporters that the decision was reached following a meeting between the minister and key industry players on Tuesday. “They stated several grounds to justify an increase […]
Read MorePETALING JAYA: Total vehicle sales jumped more than 40% to 60,780 units last month compared with 42,977 units a year earlier, as demand for cars was spurred by promotional campaigns in conjunction with the Hari Raya festive season. In a statement today, the Malaysian Automotive Association (MAA) said sales volume in May was 22% or […]
Read MoreTOKYO: Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday. Apple’s request was a result of the extended Sino-U.S. trade dispute, […]
Read MorePETALING JAYA: Property developers have overpriced their units to help buyers obtain extra cash, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) said. Buyers secure a loan based on the inflated price in the sale and purchase agreement with extra cash at hand in what is termed as a “cash-back” […]
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