KUALA LUMPUR: OCBC Bank has upgraded Malaysia’s gross domestic product (GDP) growth to 4.8% for 2017 from 4.2% earlier and on the back of growing global trade in the second half. In a note, OCBC said although the year began with concerns about the rise of protectionist politics in the developed world to impede global […]
Read MoreMalindo Air, a Malaysian low-cost carrier, will launch daily flights from Kuala Lumpur to Phnom Penh beginning on August 1, the airline announced on its website yesterday. Eric Delobel, CEO of Cambodia Airports, which operates the Kingdom’s three international airports, said with Malindo’s launch of service Cambodia was on track to have a total of […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures charted their first rise in three sessions on Thursday, tracking gains in the performance of rival edible oils on the Chicago Board of Trade (CBOT) and China’s Dalian Commodity Exchange. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 1.2 percent at 2,469 ringgit ($575.26) a tonne […]
Read MoreKUALA LUMPUR: PublicInvest Research has maintained its “outperform” call on Century Logistics Holdings with a higher target price of RM1.58 as it believes the company deserved more attractive valuation. “We think the company deserves more attractive valuation, driven by the sooner-than-expected roll-out of parcel delivery business. “Hence, We peg a higher price earnings ratio (PER) of 21 times (from […]
Read MoreBANGKOK: Thai energy company PTT is investigating a shutdown at a natural gas field in the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand, it said. PTT said Sunday it is also carrying out relief measures to power plants and gas stations after the JDA’s A-18 block stopped operating on Saturday. Operations have […]
Read MoreTHE grocery business the world over has been given a wake-up call after American e-commerce and cloud computing giant Amazon made a bid to buy organic supermarket chain Whole Foods Market Inc in the United States. The deal signifies that the sale of groceries online is going to be big. So, what is the scene […]
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