HEADLINES :



June 05, 2020 Business
Kuala Lumpur: In a bid to drive the country’s economic recovery via digitalisation of businesses, the government will establish the Penjana Nasional Fund, with an allocation totalling RM1.2 billion. .
June 05, 2020 Business
Kuala Lumpur: Rimbunan Sawit Bhd (RSB) wholly-owned subsidiary, Woodijaya Sdn Bhd on Thursday signed a Sale and Purchase Agreement (SSA) with Muzana Plantation JV Sdn Bhd to dispose of a parcel of land located at between Sungai Bakong and Sungai Baram, Baram, Sarawak for RM53 million.
June 05, 2020 Business
Kuala Lumpur: Berjaya Corporation Bhd (BCorp) is seeking shareholder ratification of the disposal of its trust beneficial interest in Four Seasons Hotel & Hotel Residences Kyoto in Japan to Godo Kaisha Tigre for Japanese yen 50.79 billion (about RM2.06 billion).
June 05, 2020 Business
Kuala Lumpur: The Covid-19 pandemic, which has caused major disruptions to the global supply chain, has dragged Malaysia to record a trade deficit of RM3.5 billion in April 2020, after 269 consecutive months of surplus on account of higher contraction in exports compared to imports.
June 05, 2020 Business
SINGAPORE: Facebook Inc messaging platform WhatsApp and PayPal Holdings Inc on Wednesday said they have invested in payment, food delivery and ride-hailing app operator Gojek as part of the Indonesian firm’s ongoing fundraising round.
June 05, 2020 Business
Kuala Lumpur: The Malaysian Communications and Multimedia Commission’s (MCMC) award cancellation to five telcos could derail the previous vision to establish a consortium to manage the national 5G deployment, said Kenanga Research.
June 04, 2020 Business
RAWANG: Perodua closed the month of May with 7,886 cars sold, bringing its year-to-date (YTD) sales total to 52,920 units. Against an estimated YTD total industry volume of 129,401 units, this nets Perodua a 41 per cent YTD market share.
June 04, 2020 Business
Kuala Lumpur: Face-to-face exhibitions have the potential to reconnect, restart and rebuild communities and economies amid the Covid-19 crisis, according to the Malaysian Association of Convention and Exhibition Organisers and Suppliers (Maceos).
June 04, 2020 Business
FRANKFURT AM MAIN: German airline giant Lufthansa said Wednesday it will undergo “far-reaching” restructuring as it  posted a first-quarter net loss of 2.1 billion euros ($2.3 billion) on Wednesday, hammered by the coronavirus pandemic.
June 04, 2020 Business
PARIS: France on Tuesday denounced as “blackmail” an ultimatum from low-cost carrier Ryanair for its French employees to choose between a five-year pay cut or a number of redundancies in an escalating labour dispute.
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