BUSINESS News List

Moody´s sees increased fiscal challenges in Malaysia

KUALA LUMPUR, Jan 10 (Bernama) – Moody’s Investors Service sees increased fiscal challenges in Malaysia with the abolishment of the goods and services tax (GST) and introduction of the sales and services tax (SST).

MPOC lambasts WHO over negative remarks on palm oil lobbying

KUALA LUMPUR, Jan 10 (Bernama) -- The Malaysian Palm Oil Council (MPOC) has lambasted the World Health Organisation (WHO) over its claim that the palm oil industry is deploying tactics similar to those of the alcohol and tobacco industries to influence research into the health effects of its products.

Suria Capital to issue bonus shares for shareholders

KOTA KINABALU, Jan 10 (Bernama) –  Suria Capital Holdings Bhd’s shareholders have given the green light for the company to undertake a bonus issue of 58.27 million new ordinary shares on the basis of one bonus share for every five existing shares.

BCI mostly increased in Dec 2018

KUALA LUMPUR, Jan 10 (Bernama) -- The Building Material Cost Index (BCI) for all categories (without steel bars) in Peninsular Malaysia for regions A, B, C, D and E have increased between 0.1 per cent and 1.0 per cent in December 2018, says the Statistics Department.

10-12 pct pay rise for 20,000 bank staff

KUALA LUMPUR, Jan 10 (Bernama) -- Some 20,000 bank employees consisting of clerical and non-clerical categories from 20 banks will receive salary adjustment of 10 to 12 per cent, said the Malayan Commercial Banks’ Association (MCBA). 

Malaysia's December palm oil stocks up 6.92 pct

KUALA LUMPUR, Jan 10 (Bernama) -- Malaysia's total palm oil stocks in December 2018 rose to 6.92 per cent to a record high of  3.22 million tonnes from 3.01 million tonnes in November.

MIDF, Al Rajhi gets BNM's nod for merger discussions

KUALA LUMPUR, Jan 10 (Bernama) -- Malaysian Industrial Development Finance Bhd (MIDF) has received the green light from Bank Negara Malaysia (BNM) to proceed with negotiations on a proposed merger with Al Rajhi Banking & Investment Corporation (Malaysia) Bhd.