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Property 01 Jul 2019 | 12:00 AM

IJM Land revising plan for The Light City

GEORGE TOWN: IJM Land Bhd is expected to start the construction work for its RM4bil The Light City project by the second quarter of next year.

Business 02 Jul 2019 | 5:06 AM

Australia's central bank cuts rates to 1%, likely not done yet

SYDNEY: Australia's central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.

Business 03 Jul 2019 | 12:00 AM

CPO futures extend gains in anticipation of lower production

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended gains to close higher, amid expectation of lower production in the coming weeks, a dealer said.

Business 04 Jul 2019 | 12:00 AM

Centurium Capital raises US$2bil from Singapore's Temasek and others

HONG KONG: China’s Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than US$2bil in its debut fund, giving the private equity firm more firepower to cut deals involving the world’s second largest economy.

Business 05 Jul 2019 | 12:00 AM

Draghi should replace Lagarde at the IMF

Christine Lagarde’s nomination as president of the European Central Bank (ECB) takes Mario Draghi a step closer to the end of his term. The Italian academic will step down in October after eight momentous years, during which he made the ECB the most important institution in the monetary union.That doesn’t mean, however, that he should retire from front-line policymaking. A job swap with Lagarde, which would see Draghi become the managing director of the International Monetary Fund (IMF), would be a boon for the global economy.

Business 05 Jul 2019 | 12:21 AM Premium

Lagarde’s first job as ECB boss: sway Germany

Draghi’s successor faces critical decisions about policies that have been unpopular in Germany

Business 06 Jul 2019 | 12:00 AM

Envoy: M’sia needs competitive edge to attract FDIs

GEORGE TOWN: Malaysia will have to ensure that the business environment in the country is competitive enough to attract foreign direct investments (FDIs) that are moving away from China.

Business 08 Jul 2019 | 12:00 AM

France: Europe needs to find candidate to head IMF

AIX-EN-PROVENCE, France: European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French Finance Minister Bruno Le Maire said.

Business 10 Jul 2019 | 12:00 AM

Hong Kong’s penny stock enigma remains unsolved

Two years after Hong Kong’s securities regulator vowed to nip irregularities in the bud, flash crashes are still plaguing the world’s fourth-largest stock market.

Business 10 Jul 2019 | 12:00 AM

Trade war turning out to be a boon for Bangladesh

DHAKA: For the first time in 30 years, Newage Group, a Bangladesh-based garment manufacturer, is sensing an opportunity to sell in the US. And it has President Donald Trump’s battle with China to thank.