|Monday, January 16, 2017

Business News

Ringgit ends lower against US dollar

KUALA LUMPUR, Jan 16: The ringgit ended lower against the US dollar today in line with its Asian peers as sentiment turned cautious ahead of comments from Federal Reserve (Fed) officials this week, dealers said. At 6 pm, the local unit was traded at 4.4640/4680 against the greenback from 4.4600/4640 on last Friday. A dealer said traders can expect ...Full Article

Malaysia’s textile sector not a ‘sunset industry’

FRANKFURT, Jan 19: Contrary to the widespread perception in Malaysia’s business circles, the country’s textile sector, which is a shadow of its past glory because of rising costs and ...Full Article

Not taking the company private – FGV

KUALA LUMPUR, Jan 16: Felda Global Ventures Holdings Bhd’s (FGV) board of directors today clarified that there has been no discussions on taking the company private. In a filing ...Full Article

Mustapa to lead Malaysian delegation to WEF    

KUALA LUMPUR, Jan 16: The Malaysian delegation to the World Economic Forum’s (WEF) annual meeting will be led by International Trade and Industry (Miti)Minister, Datuk Seri Mustapa Mohamed. The ...Full Article

IRBM collects more than RM114 bil in direct taxes for 2016

KUALA LUMPUR, Jan 16: The Inland Revenue Board of Malaysia (IRBM) collected more than RM114 billion in direct taxes for 2016, slightly lower that the RM116.8 billion in 2015. ...Full Article

Ringgit opens flat against US dollar

KUALA LUMPUR, Jan 16: The ringgit opened almost flat against the US dollar this morning on lack of demand and amid mixed performance with regional peers, dealers said. At ...Full Article

Trump says Brexit to be ‘a great thing’, wants quick trade deal with UK

LONDON, Jan 16: US President-elect Donald Trump said that Brexit would turn out to be a great thing and other countries would follow Britain out of the European Union but ...Full Article

Indonesia, Japan discuss high-speed rail project

JAKARTA, Jan 16: Indonesia and Japan have agreed to begin early discussions to build a high-speed railway between Jakarta and Surabaya. The project was among issues discussed during Japanese ...Full Article

Trump threatens BMW with border tax on cars built in Mexico

BERLIN, Jan 16: President-elect Donald Trump has warned the United States will impose a border tax of 35 per cent on cars that German car manufacturer BMW plans to ...Full Article

China’s Wanda says revenue fell in 2016

BEIJING, Jan 16: China’s conglomerate Wanda, owned by the country’s richest man, said its turnover fell by 14 per cent in 2016 despite a surge in receipts in the ...Full Article
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