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SINGAPORE: Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business as it looks to spin off the unit, according to two people familiar with the matter.
PETALING JAYA: The health and social work services generated gross output value of RM20.2bil in 2017 compared with RM16.8bil in 2015, with the annual growth rate value of 9.5%, according to the Department of Statistics.
BEIJING: China's services sector extended its solid expansion in December, offering some cushion for the slowing economy, a private survey showed on Friday.
KUALA LUMPUR: The Securities Commission is beefing up the rules for the capital market services providers with a registration framework, enhancing supervision of trustees to further protect investors’ assets and interest.
KUALA LUMPUR: The Financial Services Professional Board (FSPB) has issued an exposure draft for continuing professional development (CPD) for the industry.
KUALA LUMPUR: The provision of services will be taxed at 6% under the reintroduced sales and services tax (SST), while the sale of goods will incur a 10% tax, said Finance Minister Lim Guan Eng.
KUALA LUMPUR: The money services business in Malaysia is expected to see about 7% growth in transaction volume, driven mainly by wholesale currency, said The Malaysian Association of Money Services Business (MAMSB).
MELBOURNE: The US-China trade battle could spill over into services as China is running out of room to retaliate on goods, according to S&P Global Ratings.
KUALA LUMPUR: Axiata Group Bhd has made two key appointments for its business services and also information security in line with its aspirations to build a leading digital company, beyond its core mobile business.
HONG KONG: Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business as it looks to spin off the unit, according to two people familiar with the matter.