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Global volatility to put ringgit under pressure next year, says World Bank

KUALA LUMPUR: The ringgit will remain under pressure next year as volatility and uncertainty in the global financial markets continue to impact capital flows. According to the World Bank, the level of uncertainty and volatility would likely trend higher next year on several counts.

Bank Negara spends US$1.9bil defending the ringgit

PETALING JAYA: Bank Negara’s foreign exchange reserves fell by US$1.9bil (RM8.4bil) to US$96.4bil from US$98.3bil as the central bank used its reserves to stem the slide of the ringgit in recent weeks.

Fiscal deficit on track to meet 3.1% of GDP target this year

PETALING JAYA: The fiscal deficit of the federal government looks set to meet its rationalisation target of 3.1% to gross domestic product (GDP) this year, according to Minister in the Prime Minister’s Department Datuk Abdul Rahman Dahlan.

Malaysia Rail shares transferred to MoF Inc last month

KUALA LUMPUR: The shares of Malaysia Rail Line Sdn Bhd (MRLSB) have been transferred to the Minister of Finance (Inc) and Federal Lands Commissioner on Oct 12, 2016, Minister in the Prime Minister’s Department, Datuk Abdul Rahman Dahlan said.

Ekuinas to list Al-Ikhsan in three to five years

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas), which acquired a 35% stake in Al-Ikhsan Sports Sdn Bhd earlier this year, plans to list the local sportswear retailer on Bursa Malaysia within the next three to five years.

More firms urged to adopt flexible work arrangements

KUALA LUMPUR: The Government wants more companies to adopt flexible work arrangements (FWA) to optimise their productivity and performance.

HBA wants the BTS model for affordable houses

SHOULDN’T buyers of affordable houses be given more protection? Do they have lawyers to advise them? And act for them in court against dishonest developers? Are they expected to spend a lot of money pursuing their interests and entitlement?

Malaysia eyes 5% of global software testing market by 2020

KUALA LUMPUR: Malaysia aims to capture at least 5% of the US$90bil (RM367.6bil) global software testing market by 2020, says Minister in the Prime Minister’s Department Datuk Abdul Rahman Dahlan.

MRCB’s Salim honoured as Property Icon of the Year

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) group managing director Tan Sri Mohamad Salim Fateh Din has been named Property Icon of the Year at the Pangkor Dialogue Awards 2016.

Malaysia and Singapore sign iconic high-speed rail MOU

PUTRAJAYA: Malaysia and Singapore have signed a Memorandum of Understanding on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project, signifying both countries’ commitment towards this iconic project.