PETALING JAYA: The retail sector is entering a consolidation phase with retailers re-strategising in order to adapt to new challenges, the Association of Complexes Management Malaysia said. Also known as Persatuan Pengurusan Kompleks Malaysia, its president Tan Sri Eddy Chen said the recent revision of the Overnight Policy Rate by 25 basis point is decidedly […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia and the National Bank of Cambodia will explore a plan to set up a link between the national automated teller machine (ATM) networks in both countries. In a joint statement issued on Friday following a bilateral meeting in Siem Reap, they said such a link would facilitate efficient cross-border ATM […]
Read MorePETALING JAYA: Cryptocurrency exchanges are hogging the news. A few weeks ago, two large exchanges operating in Malaysia saw their local accounts frozen pending an investigation by the tax authorities. Both exchanges have said that they are unable to process deposits and withdrawals in Malaysia following a move by the Inland Revenue Board (IRB) to […]
Read MoreMALAYSIA’S economy will see positive growth in the next few years but the fate of global economies remain volatile, says IQI global chief economist Shan Saeed. Speaking at the StarProperty.my forum last Saturday, he said being part of the One Belt One Road initiative would help in staying relevant. “China and Asean countries will remain […]
Read MoreKUALA LUMPUR: Malaysia has the opportunities to further develop its maritime economy, with the support of numerous shipyards, ports and terminals, in addition to a prime geographic location. Nazery Khalid, honorary secretary of the Association of Marine Industries Malaysia and head of planning and development, Boustead Heavy Industries Corp , said there were still opportunities for maritime […]
Read MoreKUALA LUMPUR: Malaysia’s economy is vibrant and stable, with a sufficient foreign currency reserve, said Chinese Ambassador Bai Tian. The increasingly stronger Ringgit and a 14.8% growth of foreign trade in 2017, he said, resulted in different international finance agencies adjusting the forecast of Malaysia’s growth rate as China believe in its potential. Speaking at […]
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