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Is there a trade-off between corruption and ease of doing business?

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.


Toshiba to take more than US$800mil loss to exit US LNG business

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.


Malaysia moves up World Bank business index

PETALING JAYA: Malaysia moved up nine places to secure a global ranking of 15 in the World Bank’s business index after carrying out six business reforms in the past year.


Eight money changing, remittance business premises raided

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.


Business confidence in H1 falls, says RAM survey

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.


Nomura aims for increased deal-related business in US push

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.


Hubline expanding dry bulk shipping business

KUCHING: Hubline Bhd is investing in more barges to expand its dry bulk shipping business.

Business Premium

Bio Osmo set to make a comeback with hotel business

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.


MIER: Decline seen in Malaysian business sentiment

KUALA LUMPUR: The domestic business sentiment is expected to continue declining from October to December amid slower national economic growth and external vulnerabilities.


Maybank completes transfer of CFS business

PETALING JAYA: Malayan Banking Bhd (Maybank) has successfully completed the transfer of its community financial services (CFS) business to its Singapore-incorporated subsidiary, Maybank Singapore Ltd (MSL).