|Wednesday, January 18, 2017

Business News

Simpanan Shariah 2017 sees take-up of RM59 bil as of Dec 23

KUALA LUMPUR, Jan 17: The Employees Provident Fund (EPF) says as of Dec 23, 2016, RM59.03 billion of the initial RM100 billion fund allocated for the Simpanan Shariah 2017 had been taken up. In a statement today, it said 635,037 members had switched to the Simpanan Shariah, with the majority at 99.41 per cent, being Muslims. Chief Executive Officer ...Full Article

Ringgit opens lower against US dollar

KUALA LUMPUR, Jan 17: The ringgit extended losses from Monday to open lower against the US dollar today on growing concerns over expected comments from US Federal Reserve officials ...Full Article

IMF boosts US growth estimate on expected stimulus

WASHINGTON, Jan 17: The International Monetary Fund on Monday (Jan 16) boosted its estimates for US growth on expected stimulus spending by the incoming Trump administration, but kept the ...Full Article

Ford recalls 4,500 cars in South Africa after fires

PRETORIA, Jan 17: US motor giant Ford on Monday (Jan 16) recalled 4,500 1.6-litre Kuga cars in South Africa after nearly 40 incidents in which vehicles were reported to have ...Full Article

Hard Brexit fears hit pound ahead of May speech

LONDON, Jan 17: Britain’s pound fell on Monday as concern mounted that the country was heading for a “hard” Brexit from the European Union and its single market, a ...Full Article

China’s Xi says Chinese economy to keep growing steadily

BERN, Jan 17: China’s economy will remain stable and keep growing steadily while resisting protectionism, President Xi Jinping told Swiss executives on Monday. “We are confident that we will ...Full Article

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 ...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
Page 2 of 98512345...102030...Last »