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Corporate News 12 Oct 2016 | 12:00 AM

Would rent-to-own be the solution to housing affordability woes?

IT comes as no surprise that housing woes are among the key talking points in the country. Malaysians have in recent times said just how expensive it is to buy a house, and data would show that house affordability in Malaysia has reached severe levels.

Economy 12 Oct 2016 | 12:00 AM

Pos M’sia plans to provide logistics services to Alibaba

KUALA LUMPUR: Pos Malaysia Bhd is seeking a more direct role in providing logistics services to Chinese e-commerce giant Alibaba Group Holding Ltd, tapping a boom in online retailing.

Property 12 Oct 2016 | 12:00 AM

Industry players propose more houses for the people to rent

PETALING JAYA: With the housing market at the crossroads, where house prices have been moderating but remain severely unaffordable, there is a strong consensus to push for a well-functioning rental market in the country as a policy priority.

Banking 12 Oct 2016 | 12:00 AM

Status quo seen for S’pore

SINGAPORE: Singapore’s central bank will probably refrain from easing policy when it meets this week, saving its ammunition for next year as the city-state’s economic outlook deteriorates.

Business 11 Oct 2016 | 3:56 PM

Edible bird’s nest export up 80% in 2015

PUTRAJAYA: Export of edible bird’s nest increased by 80% from 145.1 tonnes in 2014 to 262.8 tonnes in 2015, said Agriculture and Agro-Based Industry Minister Datuk Seri Ahmad Shabery Cheek.

Business 11 Oct 2016 | 3:44 PM

Singapore’s Raffles Hotel to shut for renovation

SINGAPORE: Singapore’s historic Raffles Hotel said Tuesday it would shut for several months from the end of next year for renovations to the popular tourist landmark.

Banking 11 Oct 2016 | 5:23 AM

Well-functioning rental market crucial, says BNM housing workshop

KUALA LUMPUR: Developing broader alternatives to home ownership, including a well-functioning rental market, should be pursued as a policy priority, according to Bank Negara Malaysia (BNM) workshop.

Corporate News 11 Oct 2016 | 4:14 AM

Pos Malaysia plans to provide logistics services to Alibaba

KUALA LUMPUR: Malaysia’s biggest postal company is seeking a more direct role in providing logistics services to Chinese e-commerce giant Alibaba Group Holding Ltd., tapping a boom in online retailing.

Corporate News 11 Oct 2016 | 4:01 AM

Iskandar Waterfront weighs Malaysian IPO revival next year

KUALA LUMPUR: Malaysian developer Iskandar Waterfront Holdings Sdn Bhd is considering reviving an initial public offering as early as 2017 as it steps up the construction of projects including one linked to embattled state fund 1Malaysia Development Bhd.

Markets 11 Oct 2016 | 12:11 AM

Wall Street rises with oil on prospect of OPEC deal

NEW YORK: Stocks rose with oil amid optimism major crude producers will work to cut output and ease a supply glut. Mexico’s peso jumped on speculation Republican candidate Donald Trump’s performance in the second U.S. presidential debate wasn’t strong enough to boost his chances of winning.