KUALA LUMPUR: The rising gig economy and an ageing population are expected to cause a decline in the percentage of workers who contribute to the Employees Provident Fund (EPF), according to its chief executive officer (CEO) Tunku Ali-zakri Alias.

“There might actually come a point in ti...

EPF may cease to exist in our lifetime — CEO

KUALA LUMPUR: While expectations were high after the 14th general election on May 9, 2018, Prime Minister Tun Dr Mahathir Mohamad highlighted that most of the administration’s efforts for the past year have been to “plug the almost bottomless pit created by the 1Malaysia Development Bhd (1MDB)” s...

Developing the nation while plugging 1MDB’s bottomless pit

With the implementation of reforms to ensure a clean government, Finance Minister Lim Guan Eng is "100% confident" that the Pakatan Harapan government will do better than the former Barisan Nasional (BN) administration.

Guan Eng '100% confident' Pakatan Harapan govt will do better than BN

KUALA LUMPUR: 'Ambition. Purpose. Clarity.' This is the theme and likely the very things that Malaysia’s investing fraternity will be looking out for at the largest capital market event in the country that will start today, the first time the annual event is being held under the Pakatan Harapan g...

Five issues equity investors want to know

KUALA LUMPUR (July 2): Newly appointed Permodalan Nasional Bhd (PNB) chairman Tan Sri Dr Zeti Akhtar Aziz says she will continue to serve as a member of the Council of Eminent Persons (CEP).

"We're halfway through (our work). It's been about 50 days already," she told reporters after at...

Zeti looking forward to working with PNB, to remain in CEP

KUALA LUMPUR: The economy expanded in the first quarter of 2018 (1Q18) by 5.4% year-on-year (y-o-y) — the weakest in five quarters and marginally below the market consensus forecast of 5.5%. But economists are unperturbed by the lower growth rate as it still remained above 5%.

“You cann...

GDP growth down to 5.4% in 1Q

KUALA LUMPUR (May 17): Bank Negara Malaysia (BNM) said five foreign insurers in Malaysia are at a “significant stage” of discussion with domestic investors to take up at least 30% stakes in their businesses. This is in relation to the country's new rules on foreign insurer ownership.

BN...

Five foreign insurers at 'significant stage' of discussion to secure Malaysian participation

KUALA LUMPUR: China’s Hengan International Group Co Ltd’s unconditional mandatory takeover offer for the remaining shares it doesn’t own in Wang-Zheng Bhd has been rejected by the latter’s shareholders.

At an offer price of RM1.14 per share, Hengan only obtained acceptances for 3,000 sh...

Shareholders reject Hengan’s takeover offer for Wang-Zheng

This article first appeared in The Edge Financial Daily, on December 29, 2016.

 

KUALA LUMPUR: Kuantan Flour Mills Bhd (KFM) saw its share price more than double yesterday on renewed hopes of a regularisation plan from the Practice Note 17 (PN17) company...

Kuantan Flour Mills shares surge after MoU with Lotus Essential

This article first appeared in The Edge Financial Daily, on October 21, 2016.

 

KUALA LUMPUR: The Selangor state government, which has trimmed its direct investment target for its manufacturing sector by 25% year-on-year to RM6 billion this year amid the...

‘Selangor on track towards achieving 2016’s RM6b investment target’

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.

Apple intensifies talks with OpenAI for iPhone generative AI features

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Global stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Wong Ee Lin & Samantha Ho

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Wong Ee Lin & Samantha Ho

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