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Business 06 May 2019 | 12:00 AM

Takaful industry aiming for lower income group

KUALA LUMPUR: The takaful industry is pushing for more affordable products targeting the B40 (low income) group such as Perlindungan Tenang, which is in line with the Bank Negara’s aspiration to close up the protection gap.

Business 06 May 2019 | 12:00 AM

Greater security on top of convenient digital experiences

KUALA LUMPUR: As organisations and consumers increasingly interact over digital channels, both parties must find ways to establish mutual trust.

Business 04 May 2019 | 12:00 AM

Uber’s London taxi rival will cost you peanuts

UBER Technologies Inc’s initial public offering next week will be a bittersweet moment for private equity giant Carlyle Group and its London minicab firm Addison Lee Holdings Ltd.

Business 04 May 2019 | 12:00 AM

Distressed Greeks say ‘What recovery?’ as banks seize homes

TO hear many investors tell it, Greece is in the midst of a supercharged recovery after being the euro debt crisis’ poster child and suffering under years of recession and austerity.

Business 03 May 2019 | 12:00 AM

One-off costs hit Lloyds Bank profit

LONDON: Lloyds Banking Group has given up hope of a profit-boosting rise in interest rates before 2020, Britain’s biggest mortgage lender said, after surprise one-off costs led it to miss quarterly earnings forecasts despite robust underlying profits.

Business 02 May 2019 | 8:51 AM

One-off costs hit Lloyds Bank profit as rate hike hopes fade

LONDON: Lloyds Banking Group has given up hope of a profit-boosting rise in interest rates before 2020, Britain's biggest mortgage lender said on Thursday, after surprise one-off costs led it to miss quarterly earnings forecasts despite robust underlying profits.

Business 29 Apr 2019 | 5:48 AM

IMF sees risk of 50% Iran inflation on more US sanctions

DUBAI: Tighter U.S. sanctions against Iran could fuel inflation to the highest level since 1980, according to the International Monetary Fund, as the Islamic Republic’s economy grapples with a weakening currency and tighter U.S. sanctions on oil exports.

Business 29 Apr 2019 | 12:00 AM

Sarawak timber firms hit by higher premium and payments for cess

KUCHING: Sarawak timber companies have to pay an additional 800% in rehabilitation and development cess, which has been raised to RM5 from 60 sen per cu m imposed by the state Forest Department in January this year.

Business 27 Apr 2019 | 12:00 AM

Gen Z turns to socialismto change the world

AS we move deeper into the 21st century, a new generation has emerged today to take over. It’s Generation Z, which includes persons born between 1995 and 2002 – also termed iGen by US psychologist Jean Marie Twenge, author of the bestselling: “iGen: Why Today’s Super-Connected Kids Are Growing Up Less Rebellious, More Tolerant, Less Happy – and Completely Unprepared for Adulthood – and What That Means for the Rest of Us.”

Business 26 Apr 2019 | 3:37 AM

China's Xi says Belt and Road must be green, sustainable

BEIJING: China's Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in "high quality" growth for everyone.