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Fintech shows the way forward

THE Perdana Leadership Foundation’s CEO Forum 2019 was held on April 4 with the theme: “Accelerating the Fourth Industrial Revolution in Malaysia.”

Mukesh Ambani’s bet on India’s middle-class pays off

MUMBAI: Billionaire Mukesh Ambani’s debt-fuelled bet on the rise of the Indian consumer is starting to pay off, with his retail and telecommunications businesses contributing an increasing share of revenue and profit to his US$87bil empire.

Amazon prepares to close Chinese e-commerce store

Singapore: In a rare retreat for Amazon.com Inc, the e-commerce giant plans to shut down its Chinese marketplace business in July as it shifts its focus to offering mainland consumers overseas products rather than goods from local sellers.

RHB eyes 1 million mobile app users by year-end

KUALA LUMPUR: RHB Banking Group is looking to increase its active mobile banking users to one million by year-end following the launch of its new RHB Mobile Banking Application.

Selling pressure eases

PETALING JAYA: Selling pressure on the ringgit would intensify should Malaysian government bonds be removed from an important global bond index, with a potential capital exodus of almost RM20bil to RM30bil out of the domestic capital market.

Market shaken: A trader counts ringgit and US dollar notes at a money exchange outlet. The weaker ringgit triggered a sea of red in the country’s stock exchange, which was shaken by concerns about potential capital flight worth billions of ringgit.

Palm oil issue not affecting trade with EU, says Matrade

KUALA LUMPUR: The trade issue between Malaysia and the European Union (EU) over palm oil will not affect other forms of exports to the EU, says the Malaysia External Trade Development Corp (Matrade).