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NEWS that American banking group Citigroup Inc is closing down its consumer banking business in 13 markets, including Malaysia, does not come as a surprise and has ignited fresh concerns that competition in the banking space can only get more heated.
IPOH: Ramadan bazaar traders are concerned that they would be ordered to close their stalls with the increasing number of Covid-19 cases in the city.
MELAKA: Melaka's pioneer mega Ramadan bazaar in Jalan Hang Tuah goes "empty" for the second time, with almost no takers this year.
Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers.
YANGON: Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers.
(Corrects to 86,000 kyats in paragraph 25)
PETALING JAYA: Vignesh Sundaresan, a Singapore-based blockchain entrepreneur, created enough buzz last week for the art world to take notice of him when he paid a whopping US$69mil (RM286.11mil) in cryptocurrency for a piece of digital art.
PETALING JAYA: Ta Ann Holdings Bhd is reaping the fruits of the rise in crude palm oil prices (CPO)
WASHINGTON: Big U.S. banks will have to resume holding an extra layer of loss-absorbing capital against U.S. Treasuries and central bank deposits from next month after the Federal Reserve said on Friday it would not extend a temporary pandemic regulatory break due to expire this month.