Items filtered by date: July 2018

OCBC Bank (Malaysia) Berhad (OCBC Bank) has been adjudged Malaysia’s SME Bank of the Year by Asian Banking & Finance for attending to the needs of small and medium sized companies holistically, particularly in the digital space.

Speaking after the awards ceremony at Shangri-la Hotel in Singapore, Tim Charlton, Publisher & Editor-in-Chief of Asian Banking and Finance, said for 2017, OCBC Bank performed admirably both in Malaysia and across the region, bagging also the top award for Indonesia.

Published in GENERAL
Tuesday, 17 July 2018 13:46

Malaysia Airports Inks MoU with MIDA

Malaysia Airports Holdings Berhad (MAHB) inked a memorandum of understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to further collaborate in the promotion and facilitation of activities relating to the KLIA Aeropolis and Subang Aerotech Park development.
The signing agreement between YM Raja Azmi Raja Nazuddin, the acting Group Chief Executive Officer of Malaysia Airports and Datuk N. Rajendran, Deputy CEO of MIDA took place at the MIDA HQ.

The main objective of the MoU is to explore potential areas of collaboration between Malaysia Airports and MIDA to facilitate foreign direct investments into Malaysia via promotion and implementation of investments that would achieve value accretion to the national economy – focusing on the KLIA Aeropolis, a flagship airport city development within the 100-square kilometer of KLIA land in Sepang, Selangor, and the implementation of the Subang Airport Regeneration Initiative.

Published in GENERAL
Tuesday, 17 July 2018 13:45

Melaka Gateway Project is On Track

Concessionaire of Melaka Gateway, KAJ Development Sdn Bhd (KAJD) is requesting for a meeting with key stakeholders such as the Ministry of Transport and port regulator Port Klang Authority (PKA) to present the latest updates on Melaka Gateway.

The RM43 billion Melaka Gateway project consists of three manmade islands and one natural island that includes the Melaka International Cruise Terminal, developed in partnership with US-based Royal Caribbean Cruises Ltd (RCL) on its first island. Work on the Cruise Terminal reclamation and jetty is also halfway done and is currently earmarked for completion by Q3, 2019.

Published in GENERAL

Sime Darby Auto Connexion (SDAC), the sole distributor of Ford in Malaysia will introduce a new experiential Ford Pop-Up store at Subang Parade, Subang Jaya, Selangor on July 20 before embarking on a tour across Peninsular Malaysia.

The Ford Pop-Up store is designed to offer consumers a unique opportunity to experience the Ranger in a different environment beyond the traditional dealership.

Published in GENERAL

Bursa Malaysia’s annual charity run, the Bursa Bull Charge will hit the streets of Kuala Lumpur’s central business district on 27 September 2018. Running its fifth edition this year, the Bursa Bull Charge is expected to attract more than 2,000 runners from across corporate Malaysia to participate in the premier capital market charity run in support of a beneficial cause.

The Bursa Bull Charge is celebrating its fifth anniversary with a more expressive run to reflect Bursa Malaysia’s alignment with the United Nations’ Sustainable Development Goals (SDGs), as part of the Exchange’s commitment towards promoting sustainability across the wider capital market.

Published in GENERAL

PRICEWORTH International Bhd continues to see improved log harvests, with a year-on-year jump of 247 percent in June due to operations in two additional compartments in Forest Management Unit 5 (FMU5).

Priceworth in an announcement to Bursa Malaysia reported log production of 33,861 cubic metres for the month of June 2018, compared to 9,732 cubic metres in June last year.

Published in CORPORATE

The EU-Malaysia Chamber of Commerce and Industry (EUMCCI) held its annual trade & investment forum aimed to address key issues of EU-Malaysia trade and investment with the Malaysian government.

The highlight of the forum is the launch of the EUMCCI Trade Issues and Recommendations 2018 position paper.

Published in GENERAL

Do higher rates augur trouble for global markets?

1. April Market Review

Markets generally moved higher in April as investors repriced the strength of a late-cycle US economy.

Published in FEATURES

Rising inflationary pressures

We expect the Fed will hike rates in June and one or two times in the second half of 2018. However, a temporary move above 2% in the core PCE deflator is unlikely to trigger a switch to a more aggressive pace of rate hikes.

Published in FEATURES
Friday, 13 July 2018 16:12

MINI Malaysia Introduces the New MINI

MINI Malaysia, the sophisticated compact premium automotive brand in the country reveals the New MINI for the local market.

“The New MINI represents the latest and finest of the technological and design excellence of a car brand that has had an iconic and illustrious appeal that has been transcending generations since 1959.

Published in GENERAL
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