TEMPO.CO, Sarawak – The Indonesian Ambassador to Malaysia Rusdi Kirana is committed to opening more doors for cooperation between the two neighbors. To date, Malaysia has been the bigger investor to Indonesia. “In my capacity as ambassador, I want to say that Indonesia and Malaysia are neighbors. That is our nature. There is no need for bickering, and if […]
Read MoreKUALA LUMPUR: The Malaysian capital market grew by 12.6 per cent to RM3.2 trillion last year, with double digit growth across all segments, says the Securities Commission Malaysia. The equity market capitalisation and Islamic capital market grew by 14.4 per cent and 11.9 per cent respectively, to both end at RM1.9 trillion each. The bond […]
Read MorePETALING JAYA: Malaysia’s retail industry is expected to record a stronger sales growth this year, especially after the conclusion of the 14th general election. According to Retail Group Malaysia, the retail sector’s total sales is projected to grow by 4.7% or RM104.4bil this year, as compared to the 2% growth seen in 2017. It said […]
Read MoreMALAYSIA will not abolish interest charges imposed on credit cards used in retail shopping, Deputy Finance Minister Datuk Othman Aziz said. Abolishing interest on credit card usage does not necessarily benefit the Malaysian economy. Instead, it could encourage excessive spending and a general lack of discipline among credit card holders, he said in reply to […]
Read MoreKUALA LUMPUR: The e-commerce sector has recorded significant growth in 2016 and contributed RM74.6bil, or 6.1% to the gross domestic product (GDP) from RM68.3bil, or 5.9% in 2015. Deputy Minister of International Trade and Industry, Datuk Seri Ahmad Maslan, said the government had set up a National E-Commerce Strategic Plan 2016-2020 to ensure the sector […]
Read MoreMANILA, Philippines — Kuala Lumpur-based CIMB Group became the first bank from Southeast Asia to tap the platform of the financial technology arm of PLDT Inc. for its digital-only strategy in the Philippines. Malaysia’s second largest lender has partnered with FINTQ for its lending business. Through the partnership with the unit of PLDT and Voyager […]
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