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Corporate News 1d ago

Thai bank CEO takes voluntary personal leave

KUALA LUMPUR: CIMB Group Holdings Bhd said the head of its banking unit in Thailand, Kittiphun Anutarasoti, has taken voluntary personal leave from all his positions in the group due to personal reasons.

Corporate News 11h ago

Garuda Indonesia, Lion Air to explore JV for aircraft maintenance

JAKARTA: The engineering arms of Indonesia's two largest airlines, Garuda Indonesia and Lion Air, have agreed to explore setting up joint ventures to maintain aircraft, engines, components and tire retread, showed a document seen by Reuters.

The agreement between Garuda's GMF AeroAsia and Lion's Batam Aero Technic, is due to be formally signed on Thursday evening.
Plantations 9h ago

Palm oil must seek new demand ahead of EU curbs, says Sime

KUALA LUMPUR: Palm oil industry needs to find new sources of demand to offset potential losses from the European Union’s move to ban palm-based biodiesel, according to Mohd Haris Mohd Arshad, Chief Operating Officer for downstream business at Sime Darby Plantation.

Oil & Gas 12h ago

Oil prices edge down as US fuel stockpiles grow more than expected

SYDNEY: U.S. oil prices inched down on Thursday, with traders worried about the strength of demand in the United States after gasoline stockpiles there grew last week by far more than analysts had expected.

U.S. West Texas Intermediate (WTI) crude futures were at $52.20 per barrel at 0022 GMT, down 11 cents, or 0.2 percent, from their last settlement. WTI futures closed up 0.4 percent on Wednesday.
Property 14 Jan 2019

W Hotel near Petronas Twin Towers for sale for RM360mil

PETALING JAYA: W Hotel joins a list of other hotels for sale, with owner Tropicana Corp Bhd believed to be asking RM360mil for it, according to sources. This translates to RM2.4mil a room, which two out of three sources said is “a bit high”. The hotel started accepting guests in the second half of last year.

At night, the facade of the W Kuala Lumpur lights up in pink and purple. — WONG LI ZA/The Star"
Business News 15h ago

Setting new standards for travelling

Ice Holidays Sdn Bhd is a leading Business-to-Business (B2B) travel wholesaler in Malaysia. Their “B2B Travel Wholesale” business model is unique as they offer their partners ready-made products and packages, with advertisements and promotions support. Managing director Mita Lim Swee Kok shares more about the company in today’s business context:

Ice Holidays Sdn Bhd managing director Mita Lim Swee Kok.
Corporate News 7h ago

Govt to prioritise completing report to turnaround Felda

KUALA LUMPUR: The Ministry of Economic Affairs (MEA) has outlined several priorities for 2019 and it includes completion of the White Paper on the Federal Land Development Authority's (Felda) turnaround plan.

Corporate News 7h ago

Affin Hwang Investment eyes RM50m securities lending for 2019

KUALA LUMPUR: Affin Hwang Investment Bank Bhd is eyeing to achieve RM50 million in securities lending book size this year following the official launch of the Retail Securities Borrowing and Lending (Retail SBL) programme.

 Affin Hwang Capital group managing director Datuk Maimoonah Hussain and Bursa Malaysia CEO Datuk Seri Tajuddin Atan at the fficial launch of the Retail Securities Borrowing and Lending (Retail SBL) programme on Jan 17, 2019.
Economy 6h ago

Korn Ferry sees 3.6% rise in real wages in 2019

KUALA LUMPUR: Real wages in Malaysia are expected to grow by 3.6 per cent in 2019, a slight increase from 3.5 per cent predicted last year, adjusted for an inflation rate of 1.4 per cent, according to the Korn Ferry 2019 Salary Forecast.

Bonuses for the construction sector are expected to be amongst the highest in 2019 at 2.8 months.