Business

Najib's approval rating hinges on Budget 2015
Thursday, October 9, 2014

The Barisan Nasional government’s approval rate under Prime Minister Datuk Seri Najib Razak hinges on the ‘goodies’ and feel good provisions to be spelled out under Budget 2015. While critics suggest that Najib’s approval rating has been on a slide due to a host of public grievances including rising cost of living, political analysts and consumer associations say Budget 2015 would be the deciding factor....

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Sime Darby to acquire PNG palm oil leader
Thursday, October 9, 2014

Malaysian palm-oil giant Sime Darby said Thursday it had made an offer to acquire Papua New Guinea's UK-listed New Britain Palm Oil (NBPOL) in a $1.7 billion deal. The acquisition would give Sime Darby, the world's largest listed palm oil producer by acreage, control of one of the world's biggest producers of sustainably produced palm oil. ...

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Malaysia's economy set to outpace IMF projection
Thursday, October 9, 2014

PUTRAJAYA -- October 9, 2014: Malaysia's economic growth next year is expected to outpace the International Monetary Fund's (IMF) revised global economic growth of 3.8 per cent. According to Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar, Malaysia has been boosting its domestic consumption and investment and at the current momentum, the economy should be able to continue growing by between five and six per cent over the next couple of years....

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Najib: 1MDB has total assets worth RM44.67 billion
Thursday, October 9, 2014

KUALA LUMPUR -- 1Malaysia Development Bhd (1MDB) has accumulated assets amounting to RM44.67 billion until March 31 last year, said Prime Minister Datuk Seri Najib Tun Razak.

He said the agency was tasked with raising funds by bringing in foreign direct investments for national projects and issuing bonds, apart from securing loans from domestic and international financial institutions. ...

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MAS signs agreement with France's TGVAIR
Thursday, October 9, 2014

KUALA LUMPUR -- October 9, 2014: Malaysia Airlines today announced a bimodal agreement with TGVAIR, a high-speed rail network that is operated by SNCF, France's national state-owned railway company.
 
The agreement would allow MAS to commercialise a journey from start to finish, including a TGV journey between a province's train station and Charles de Gaulle (CDG) airport TGV station as well as a connecting flight on MAS at the same airport, MAS said in a statement....

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Budget 2015 to continue improving Malaysia's economic fundamentals
Thursday, October 9, 2014

The 2015 Budget to be unveiled tomorrow by Prime Minister Datuk Seri Najib Tun Razak will extend fiscal consolidation efforts to put the economy on a firmer financial footing while focusing on implementing the Goods and Services Tax (GST) in April next year.Analysts believe that the delivery of a fiscally-disciplined budget – this being the last Budget under the 10th Malaysia Plan (10MP) -- would sustain growth and pull Malaysia away from any ratings downgrade....

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IMF sees lower global growth, Eurozone stagnation risk
Wednesday, October 8, 2014

WASHINGTON -- October 7, 2014: The International Monetary Fund today warned of stagnation in advanced economies as it trimmed its growth forecast for the whole world.
 
The global economy faces an increase in risks this year from the Russia-Ukraine crisis and strife in the Middle East, and the wider economic threat if the Ebola outbreak in West Africa is not contained.
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Celcom wants indepth programme for data in coming budget
Tuesday, October 7, 2014

KUALA LUMPUR -- October 7, 2014: Celcom Axiata hopes the 2015 Budget will spell out an indepth programme for data and Internet growth for the benefit of both providers and users.
 
In hoping for this, Chief Executive Officer Datuk Shazalli Ramly said Celcom strives to build a larger network as consumers demand better Internet network quality.
 
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Navy boat found, all seven crew safe (Updated)
Monday, October 6, 2014

KUALA LUMPUR -- October 6, 2014: The Royal Malaysian Navy (RMN)'s combat boat CB90 which went missing off Pulau Mengalum in Sabah yesterday has been found with all seven crew members safe.RMN chief Tan Sri Abdul Aziz Jaafar, who disclosed the development in his Twitter account, confirmed that the commander Lieutenant Azri Bakar had made a call via radio to inform that all the men were safe....

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Serious racism issues in South Korea
Monday, October 6, 2014

SEOUL -- October 6, 2014: The UN's top expert on racism outlined today serious problems faced by migrant workers and foreign marriage partners in South Korea, ranging from discriminatory exploitation and maltreatment to racist verbal abuse.
 
Following a week-long mission to Asia's fourth largest economy, during which requested meetings with ministers failed to materialise,...

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