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WASHINGTON: JPMorgan Chase chief Jamie Dimon insisted that his bank is solid and that there was no need for rules to block the derivatives trading that dealt it a shock US$2bil loss last month.
KUALA LUMPUR: As expected, the oil palm grower members of the Roundtable on Sustainable Palm Oil (RSPO) have failed in their attempt to block the adoption of the newly revised RSPO principles and criteria (P&C) for the production of certified sustainable palm oil (CSPO) at the grouping’s extraordinary general assembly (EGA) here yesterday.
KUALA LUMPUR: The idea that Malaysia is shielded from contagion risks arising from the distressed Western economies is a myth, according to banking executives.
THE immediate impact of the US tapering off bond purchases, commonly referred to as quantitative easing (QE), has dented overall market confidence but the impact on property market is “negligible”, says Jones Lang LaSalle head of residential project sales David Neubronner.
HONG KONG: Casino operator Genting Singapore PLC and Chinese property developer Landing International Development Ltd said on Friday they would jointly develop a US$2.2bil casino resort in South Korea.
PETALING JAYA: Hotel occupancy rates in Malaysia are expected to see steady growth this year, despite a short-term impact from China tourists due to the tragedy surrounding Malaysia Airlines flight MH370, according to industry observers.