Topic: Asia Pacific
Malaysia a step closer to going cashless, says Visa
KUALA LUMPUR (Sept 20): Digital payments are becoming the preferred payment method in Malaysia, with 70% of consumers preferring to visit merchant sites that accept digital payments compared to those ...
Asia Pacific pushes ahead with 5G
DEBATES are currently ongoing regarding the state of 5G technology in some countries throughout the world, yet the Asia Pacific region seems to be moving ahead with its rollout.
Oil price hike good for Malaysia, say analysts
KUALA LUMPUR: Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia’s petroleum facilities that knocked out more th...
Malaysia to benefit from oil price hike: Analysts
Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia's petroleum facilities that knocked out more than five percent ...
PetChem completes acquisition of Da Vinci Group
KUALA LUMPUR: Petronas Chemicals Group Bhd has completed the acquisition of Da Vinci Group BV after fulfilling the conditions required in the share purchase agreement to complete the acquisition of 100% of the share in Da Vinci.
Moody’s: NFPE debt constrains fiscal strength
PETALING JAYA: Debt is still an issue plaguing the nation. Malaysia’s debt of non-financial public entities (NFPEs) is estimated to be the highest in the Asia Pacific excluding China (APAC).
Bank Negara maintains OPR
PETALING JAYA: Malaysia has once again resisted an interest rate cut on the back of a resilient economy, even as key central banks in Asia Pacific have been slashing their benchmark rates recently.
IMF: Surging trade uncertainties about 10 times previous peaks
HONG KONG: Concerns about global trade have reached nearly 10 times the peaks seen in previous decades and could shave about 0.75 percentage point off world economic growth this year, according to data compiled by the International Monetary Fund (IMF).
Sime Darby Bhd's lower FY19 net profit at RM948m
KUALA LUMPUR, Aug 27 — Sime Darby Bhd’s net profit for the financial year ended June 30, 2019 (FY19) fell to RM948 million from RM1.92 billion in FY18. However, revenue improved to RM36.16 billion...
Ringgit extends downtrend against US$
KUALA LUMPUR: The ringgit extended its downtrend to open lower against the US dollar as most traders kept sideways while closely monitoring developments in the...
Ringgit remains weak against US dollar at opening
KUALA LUMPUR, Aug 27 — The ringgit extended its downtrend to open lower against the US dollar as most traders kept sideways while closely monitoring developments in the US-China trade dispute, deale...
Cyberjaya to host Kaspersky transparency centre
CYBERJAYA (Aug 15): Cyberjaya has been chosen to host cybersecurity outfit Kaspersky’s first transparency centre in the Asia Pacific region and its third transparency centre in the world.
Bursa remains in the red at midday
KUALA LUMPUR, Aug 15 — Bursa Malaysia continued to stay in the red across the board in tracking the world’s major indices at mid-day, and with heavy selling pressure in the industrial products an...
edotco Group collaborates with Intelsat
KUALA LUMPUR: Malaysian-based integrated telecommunications infrastructure services company edotco Group Sdn Bhd is collaborating with New York-listed Intelsat SA to advance connectivity capabilities across edotco’s footprint in South and South-East Asia through pioneering industry solutions.
Sime Darby acquires New Zealand's Gough Group
KUALA LUMPUR (Aug 13): Sime Darby Bhd is keen on investing in the next stage of growth to build on its newly acquired Gough Group Ltd’s leadership position in the New Zealand and Australian markets.
Sime Darby acquires New Zealand’s Gough Group
KUALA LUMPUR, Aug 13 — Sime Darby Bhd is keen on investing in the next stage of growth to build on its newly acquired Gough Group Ltd’s leadership position in the New Zealand and Australian market...
Sime Darby to acquire NZ's Caterpillar dealership
KUALA LUMPUR: Sime Darby Bhd's subsidiary Sime Darby (NZ) Holdings Ltd has entered an agreement to acquire New Zealand's Caterpillar dealership from Gough Holdings Ltd for NZ$211mil (about RM572mil).