KUALA LUMPUR: The Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd joint venture (SDPLOG) announced that it has secured preliminary commitments of 50 per cent for the first close of its inaugural industrial development fund at US$250 million. Read full story
SINGAPORE: Oil prices dropped more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China’s lockdowns continued. Read full story
KUALA LUMPUR: Touch ‘n Go Group (TNG) via Touch ‘n Go eWallet has been selected to participate in ePemula, an initiative by the Ministry of Finance to promote cashless spending among the youths by lightening their burden and encourages offline businesses to go cashless. Read full story
KUALA LUMPUR: Exports of Malaysian palm oil products for April 1-10 fell 26.8% to 271,201 tonnes from 370,492 tonnes shipped during March 1-10, according to independent inspection company AmSpec Agri Malaysia on Monday. Read full story
MOSCOW: Russia’s central bank unexpectedly cut its key interest rate, the most in nearly two decades, offering relief to the recession-bound economy in a sign of confidence it can start to reverse some of the steep monetary tightening delivered after the invasion of Ukraine. Read full story
MOST major banks have only one mandate – to achieve price stability so that economic growth can be achieved, and financial stability is contained. Read full story
Since the onset of the Covid-19 pandemic, more people are longing for work-life balance. Read full story
MORE restructuring of highway operators is likely following the proposed takeover of four highway concessionaires linked to Gamuda Bhd by Amanat Lebuhraya Rakyat Bhd (ALR). Read full story
Unsold residential units at the highest since 2018. Read full story
The government is giving the takeover of four highways its seal of approval with changes made to the terms of the deal. Read full story
WHEN we discuss technology in business, “fintech”, short for financial technology, is one that is in vogue today. Every country in the world aspiring to push its economy forward is seeking to embrace fintech in as many aspects as possible. Read full story
IN 2009, the government spent about RM23.5bil on fuel and energy subsidies. Read full story