KUALA LUMPUR (June 22): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is looking at various ways to reduce the cost of the second line (Line 2), which currently stands at around RM32 billion, said its chief executive officer Datuk Seri Shahril Mokhtar.

"My chat revolved on how we can reduc...

MRT Corp looking at ways to reduce RM32b Line 2 cost, says CEO

KUALA LUMPUR: Asia’s underlying fundamentals remain solid with resilient growth prospects despite headwinds from the US-China trade friction and rising US interest rates, according to Maybank Kim Eng.

The US and China are expected to continue driving global growth and investment, which ...

Asia resilient amid market headwinds — Maybank Kim Eng

KUALA LUMPUR: KLCC (Holdings) Sdn Bhd (KLCCH), the parent company of KLCCP Stapled Group which comprises KLCC Real Estate Investment Trust and KLCC Property Holdings Bhd, will continue with its development projects despite the glut in commercial properties.

KLCC (Holdings) director and ...

KLCCH to go on with projects

KUALA LUMPUR (June 21): Asia's underlying fundamentals remain solid with resilient growth prospects despite headwinds from US-China trade friction and rising US interest rates, according to Maybank Kim Eng.

The United States and China are expected to continue driving global growth and i...

Asia remains resilient amid market headwinds — Maybank Kim Eng

KUALA LUMPUR (June 21): KLCC (Holdings) Sdn Bhd will proceed with its property projects as planned but is mindful about the current soft market sentiment in the commercial property sector, according to group chief executive officer Datuk Hashim Wahir.

"We have to be a responsible develo...

KLCC Holdings to proceed with projects, but mindful of 'commercial property market reality'

KUALA LUMPUR: Costlier fuel, food and non-alcoholic beverages nudged inflation up to 1.8% in May from a year earlier, but the rate is expected to ease from June owing to the zero-rated goods and services tax (GST).

The rate was higher than April’s 1.4% year-on-year (y-o-y) increase; on ...

May inflation up 1.8% y-o-y on costlier fuel

KUALA LUMPUR (June 20): MyEG Services Bhd's associate company has inked a preliminary agreement seeking to be a payment processor and payment gateway business enterprise for offshore transactions in the Philippines' Cagayan Special Economic Zone and Freeport.

The associate I-Pay MyEG Ph...

MyEG associate seeks to be payment processor in Philippines

KUALA LUMPUR: Costlier fuel, food, and non-alcoholic beverages nudged inflation up to 1.8% in May from a year earlier, but the rate is expected to ease from June onwards owing to the zero rating of the goods and services tax.

The rate was higher than April’s 1.4% y-o-y increase. On a mo...

KUALA LUMPUR (June 20): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia’s afternoon market close today. One had positive momentum while two traded with negative momentum.

The stock with positive momentum was:

Foundpac Group Bhd - up 0.5 sen at 31.5 ...

Foundpac, Hock Heng, VisDynamics

KUALA LUMPUR (June 20): The Consumer Price Index (CPI), which measures inflation, rose 1.8% year-on-year (y-o-y) in May to 121.1 from 119 previously, on costlier fuel as well food and non-alcoholic beverages.

The index for the transport group rose 3.8% in May 2018 while food and non-alc...

Malaysia's May inflation up 1.8% y-o-y

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

DNB says process relating to subscription of its shares by five mobile network operators ongoing

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

Approved logistics players to get diesel fleet cards amid subsidy rationalisation

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

No specific names discussed for Sabah PKR State Leadership Council head, says Fahmi

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

The Frontiers Of Growth : How to Govern the Bretton Woods Institutions Better

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.

Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.

Israel's Iran attack carefully calibrated after internal splits, US pressure

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday.

IMF urges Bank of Japan to tread cautiously in raising interest rates