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SINGAPORE: Singapore’s economic growth slumped in the final months of 2019 as trade-reliant sectors struggled to gain traction despite an easing of US-China tensions.
HONG KONG (Bloomberg): Billionaire Jack Ma’s Ant Financial has applied for a digital banking license in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.
SHAH ALAM: Gamuda Bhd intends to grow overseas contribution to its construction business to 50% within the next three years from 20% currently, underpinned by projects in Australia, Taiwan and Singapore.
KOTA KEMUNING: Gamuda Bhd, which is building the proposed Komtar-Bayan Lepas Light Rail Transit (LRT) project in Penang, expects the first package to be awarded by the middle of 2020.
KUALA LUMPUR: AMMB Holdings Bhd (Ambank Group) is expecting to hit its annual loans growth of 4%-5% for 2019 as it is seeing an increase in disbursements in loans soon.
SINGAPORE: An over-supply of apartments threatens to push down Singapore property prices, the city-state’s central bank said.
SINGAPORE: Initial public offering (IPO) activity across South-east Asia has remained resilient this year despite economic headwinds and tensions around the United-States-China trade war and Brexit.
BUKIT MERTAJAM: Chin Well Holdings Bhd is expanding to ship more threaded rods to the US, which will emerge in 2020 as a key market for the group.Group executive director Tsai Chia-ling (pic) told StarBiz that the group would be able to ship 600 tonnes of threaded rods per month compared to 200 in early 2020.
RHB Banking Group is strengthening its collaboration with the Lao government as it intensifies cross-border efforts to assist SMEs in building and expanding their businesses regionally.