Latest
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Economy
Ho Chi Minh City moves towards net zero
HANOI: Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, prioritising the use of high technology and reducing emissions towards net-zero emissions by 2050.
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Corporate News
Rockwell Automation banks on China’s transition
Beijing: US-based industrial automation company Rockwell Automation is eyeing opportunities arising from China’s digital and green transformation, a senior executive says.
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Forex
Ringgit to strengthen from RM4.78 level if risk sentiment improves
KUALA LUMPUR: The ringgit is likely to trade in the same range of around RM4.78 against the US dollar this week, as the situation in the Middle East will continue to be under scrutiny by investors, says an analyst.
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Economy
Visits to all Asean member nations show region matters to India
INDIA’s External Affairs Minister S. Jaishankar re-emphasised the importance of India’s Asean partnership with a visit to Singapore, the Philippines and Malaysia in March.
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Corporate News
IJM Land unveils new township in Nibong Tebal with GDV of RM630mil
NIBONG TEBAL: IJM Land Bhd is introducing a new development called IJM Bayouri, a 28.3ha township in Jawi, here, which has a gross development value (GDV) of about RM630mil.
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Corporate News
Kimlun on solid ground with precast concrete
PETALING JAYA: Analysts are upbeat over Kimlun Corp Bhd’s outlook for this year, underpinned by the rollout of public infrastructure projects.
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Advertising & Media
Ad agencies gain better access to legal advice
PETALING JAYA: Members of the Association of Accredited Advertising Agents Malaysia (4As) will have access to free legal advice through an alliance with several leading local legal firms.
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Star Biz7
Designer dines
FOR a slice of New York City (NYC) without the jet lag, make your reservations at Coach’s first ever restaurant, found right here in South-East Asia. The Coach Restaurant and Coach Coffee Shop recently opened its doors at Grand Indonesia Mall in the bustling capital of Jakarta, promising diners a culinary treat that quintessentially reflects Coach and its NYC roots.
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Markets
Bursa Malaysia likely to be on consolidation mode this week
KUALA LUMPUR: Bursa Malaysia is expected to be on consolidation mode this week amid increasing market risks, elevated volatility in global markets, and escalating geopolitical tensions.
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Corporate News
Muhibbah on track for new Cambodia deal
PETALING JAYA: CGS International Research (CGSI Research) expects a favourable outcome from Muhibbah Engineering (M) Bhd’s Phnom Penh airport concession in Cambodia, which would likely include compensation and a new operating agreement for the new airport in Kandal.
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Advertising & Media
Privacy-centric advertising practices
PETALING JAYA: Since the beginning of this year, Google has limited third-party cookies for its Chrome web browser users, marking a first step towards eventually abandoning the files that have raised privacy concerns for some time.
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Property
REITs to see more competition for mall visitors
PETALING JAYA: The implied target yields for Malaysian real estate investment trusts (REITs) are expected to remain stable for this year based on the assumption that Bank Negara’s overnight policy rate (OPR) remains at 3%.
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Corporate News
Focus on pharma manufacturers
PETALING JAYA: Fresh from divesting a majority stake in oil and gas (O&G) company Icon Offshore Bhd, government-linked private equity firm Ekuiti Nasional Bhd (Ekuinas) is eyeing to invest in some key companies in the pharma manufacturing and industrial machinery sectors in the current quarter.
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Nation
DNB denies claims of impropriety over 5G rollout
KUALA LUMPUR: Digital Nasional Bhd (DNB) strongly denies allegations of not being transparent in its internal operations and rejects the insinuation of any impropriety in the governance and procurement practices.
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Property
US existing-home sales decline as rates keep buyers sidelined
Sales of previously-owned homes in the United States fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
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Business
Batik, chips and tech in the fabric of society
Flying into Jakarta this week reminds me of the exotic blend between the ancient and the new that is Indonesia.
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Economy
Making the Malaysian startup pitch
An entrepreneur-turned-minister is leading the efforts to overhaul the Malaysian startup scene.
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Economy
Transformative blueprint for Malaysia
The Kuala Lumpur 20 (KL20) blueprint is set to be unveiled in the week ahead. Comprising more than 20 transformative reforms to jumpstart Malaysia’s business ecosystem, the blueprint is expected to make the country an attractive place for startups and venture capitalists.
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Corporate News
The pros and cons of earned wage access
The earned wage access (EWA) debate continues to rage on, despite the fact that most Malaysians have yet to hear of such a scheme, with it being the relatively new kid on the financial inclusion agenda block.