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ON Oct 31 last year, the World Bank released its latest “Doing Business in 2019” report, placing Malaysia on a high ranking of 15 among 190 countries. The most important point was the significant jump of nine spots from the 24th position in 2018.
TOKYO: Japan’s Toshiba Corp said it will pay more than US$800mil to an unidentified overseas “buyer” to exit its US liquefied natural gas (LNG) business as part of a five-year plan to shed money-losing assets.
KUALA LUMPUR: Bank Negara recently raided eight money changing and remittance business premises operating without a licence granted under section 7(1) of Money Services Business Act 2011 (MSBA), which is an offence under section 4(1) of MSBA.
KUALA LUMPUR: Greater concerns over the weak economic landscape has dragged down optimism among corporate and Small and Medium Enterprises (SMEs) to the lowest level since the inception of the RAM Business Confidence Index (RAM BCI) survey two years ago.
TOKYO: Nomura Holdings Inc aims to increase its share of business arranging foreign exchange hedging, acquisition finance and other deal-related services for corporate clients in the United States, the CEO of Japan’s biggest investment bank said.
BIO Osmo Bhd is undertaking a corporate exercise as it sells its loss-making bottled drinking water business and later injecting the Impiana Group’s local hotel assets into the group.
KUALA LUMPUR: The domestic business sentiment is expected to continue declining from October to December amid slower national economic growth and external vulnerabilities.