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Economy 30 Aug 2017 | 6:31 AM

July producer price index up 7.1%

KUALA LUMPUR: Malaysia's producer price index (PPI) for July 2017 rose 7.1% to 106.0 versus a year earlier.

Corporate News 30 Aug 2017 | 7:19 AM

Irwan: “Wait and see” if 1MDB makes IPIC payment

PUTRAJAYA: “Wait and see” - this was Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah’s reply when asked if 1Malaysia Development Bhd (1MDB) would be settling the balance of its settlement to the International Petroleum Investment Co PJSC (IPIC) due on Thursday.

Corporate News 30 Aug 2017 | 7:34 AM

Uber officially welcomes Expedia’s Khosrowshahi as CEO

SAN FRANCISCO: Uber Technologies Inc officially welcomed its new chief executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world’s biggest ride-services company late on Tuesday.

Business 30 Aug 2017 | 7:55 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Taxation 30 Aug 2017 | 9:27 AM

Customs, IRB to do joint audit on all companies

PUTRAJAYA: The Royal Malaysian Customs Department and the Inland Revenue Board (IRB) will jointly undertake an audit on all companies in the country, in an effort to effectively plug leakages in the system which has resulted in the Government being shortchanged in revenue collection.

Business 30 Aug 2017 | 2:37 PM

S&P, Dow flat as strong data helps offset Trump’s N.Korea comments

NEW YORK: The S&P and the Dow opened little changed on Wednesday as investors focused on data that showed stronger-than-expected US economic growth, helping offset worries over President Donald Trump’s latest tweet on North Korea.

Economy 30 Aug 2017 | 2:49 PM

US economy grew 3% in second quarter: Commerce Dept

WASHINGTON: The US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday.

Business 30 Aug 2017 | 3:55 PM

Wall St gains after strong data but N.Korea worries linger (Update 1)

NEW YORK: Wall Street was higher in late morning trading on Wednesday after data showed stronger-than-expected US economic growth, but gains were limited by concerns about escalating tensions between Washington and Pyongyang.

Commodities 30 Aug 2017 | 10:38 PM

Gasoline prices hit fresh 2-year highs on Thursday(Update)

SINGAPORE: Gasoline prices hit fresh 2-year highs on Thursday as flooding from tropical storm Harvey knocked out almost a quarter of U.S. refineries, while crude oil prices fell again on the resulting drop in demand.

Taxation 31 Aug 2017 | 12:00 AM

Customs and IRB step up co-operation on tax audits

PUTRAJAYA: The Customs Department has strengthened its partnership with the Inland Revenue Board (IRB) in conducting audits on companies to reduce tax leakage and improve efficiency.