Millie
your market intelligence analyst
Search Results
Edit Save
11,352 results
Sundaily (Asia) 09/25/2020 06:27
ISKANDAR PUTERI: Invest Selangor Bhd, the state foreign and domestic direct investment promotion agency, is intensifying efforts to hold networking sessions with industry players to attract investors to the state. Chief executive officer Datuk Hasan Azhari Idris said in the face of the current economic uncertainties due to the COVID-19 pandemic and the subsequent movement restrictions, the agency is focusing on promoting investments among industry players in the country. “We share about the initiatives taken by the Selangor state government, especially the Selangor Business Hub (SBH), which provides a virtual networking platform for businesses to enable the business community to communicate virtually without the need for a physical presence.
Sundaily (Asia) 09/25/2020 06:23
KUALA LUMPUR: The RM10 billion PRIHATIN Supplementary Initiative Package (KITA PRIHATIN) is expected to have a positive impact on the nation’s economic growth in the fourth quarter of 2020 (Q4 2020). Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the economic stimulus packages announced by the government -- PRIHATIN, PRIHATIN SME+, PENJANA and KITA PRIHATIN, worth a total of RM305 billion -- are expected to contribute 3.7-4.0 per cent to the nation’s gross domestic product this year. The move will also place the country in a better position for economic recovery by 2021, he said. “The RM10 billion allocation is expected to result in a positive growth which will be channelled directly to the people as well as businesses. “T.
Sundaily (Asia) 09/25/2020 04:18
PETALING JAYA: Parlo Bhd has entered into an agreement with Myanmar’s Diamond Palace Group of Companies Ltd to provide employment agency related services to facilitate the supply of workers to employers. It stated that this includes services such as travel, logistic & dormitory arrangements, as well as medical examinations arrangements for migrant workers. The group anticipated a large pent-up in demand for foreign workers post-Covid-19. Worldwide, there are over 160 million million long term foreign migrant workers with an estimated 10 million workers from Myanmar. Furthermore, the two parties have also agreed to explore vocational training school, training, micro-financing and digital identity solutions for migrant workers. It elaborated
Sundaily (Asia) 09/25/2020 04:00
PETALING JAYA: After more than two decades of service to the nation, the Malaysian Rubber Export Promotion Council will now be known as the Malaysian Rubber Council (MRC). MRC, an agency under the Ministry of Plantation Industries and Commodities, has received regulatory approval for the name change following a rebranding directive announced by Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali in early August. Since its incorporation on April 14, 2000, MRC has shaped numerous initiatives to spearhead Malaysia’s success as a leading global exporter of quality and sustainably produced rubber products. The name change is more than a rebranding exercise as the MRC will now play an expanded role and drive the gr.
Sundaily (Asia) 09/25/2020 03:41
PETALING JAYA: As Malaysian businesses prepare for a post-pandemic world, financial restructuring is perceived to be a key tool to recover and improve profitability in the immediate term. In a recent live poll conducted during an EY webinar on "Turnaround and Restructuring: The Banker’s Perspective", 77% of the respondents shared that in the next 12 months, business profitability is expected to improve but unlikely to be at pre-Covid-19 pandemic levels. The poll findings also reveal that respondents recognise the need to fundamentally change their business model to reflect the current market environment (77%) and prioritise costs and revenue optimisation in order to manage business and debt obligations in the next 12 to 18 months (68%).
Sundaily (Asia) 09/25/2020 03:21
PETALING JAYA: Kenanga Investment Bank Bhd has collaborated with Merchantrade Asia Sdn Bhd to introduce Malaysia’s first stockbroker e-wallet, Kenanga Money, which will be supported by a Visa prepaid card feature. It highlighted that the move is part of its digitalisation journey and the feature marks the bank’s entry into cashless payment that would allow clients to transfer funds from their stock trading account into an e-wallet and prepaid card for retail payments, remittance and withdrawals worldwide. Kenanga highlighted that users will benefit from a multi-currency function which enables them to buy, sell and store up to 20 foreign currencies at any given time, at Merchantrade’s competitive exchange rates. Its managing director Datuk C.
Sundaily (Asia) 09/25/2020 01:19
PETALING JAYA: Malaysia continues to be included in the FTSE World Government Bond Index (WGBI) but will remain on the FTSE Russell Fixed Income Watch List for a potential downgrade. “This follows recent initiatives by Bank Negara Malaysia (BNM) to improve secondary market liquidity and to facilitate foreign exchange (FX) transactions,“ FTSE Russell said in a statement yesterday following the September 2020 fixed income review. It said Malaysia will be retained on the watch list, as of the September 2020 review, for possible reclassification from Market Accessibility Level 2 to 1. FTSE Russell acknowledged the additional initiatives instigated by BNM, over the last 12 months to improve the accessibility of the Malaysian government bond mark.
Sundaily (Asia) 09/25/2020 00:55
PETALING JAYA: MBSB Bank Bhd will be conducting a repayment assistance campaign at some of its branches for its customers who require financial relief upon the expiry of the six-month loan moratorium on Sept 30, 2020. It highlighted the campaign will allow face-to-face discussions on the payment relief options such as “payment flexibility for targeted groups” as well as “account rescheduling and restructuring”. “We strongly encourage our customers to come to our branches and talk to our representatives as we acknowledge the fact that some of them are still worried about their financial situation,” said MBSB president and CEO Datuk Seri Ahmad Zaini Othman in a statement today. “By opening our branches on these two weekends, hopefully we can
Sundaily (Asia) 09/24/2020 23:55
PETALING JAYA: Bumi Armada Bhd has secured two contracts with an estimated value of RM2.06 billion from India’s state owned oil company Oil and Natural Gas Corporation Ltd (ONGC) relating to its floating production, storage and offloading vessel (FSPO) vessel following the expiry of a previous contract. According to its Bursa announcement, the group’s joint venture company Armada D1 Pte Ltd (Singapore) has received a bareboat charter lease for its Armada Sterling FPSO vessel by the Indian oil company for a fixed duration of 10 years with an annual option to extend for an additional five years. Bumi Armada stated that the contract will be effective Sept 25, 2020 with an estimated total value of US$370 million (RM1.54 billion). Concurrently,
Sundaily (Asia) 09/24/2020 23:19
PETALING JAYA: As pandemic-induced uncertainty continues to lend gloomy economic forecasts around the world, graduating students in Malaysia are facing unprecedented challenges in securing their first job. A recent report by the Institute of Student Employers and the International Network of Employers and University Careers Services found that although the direct impact of Covid-19 has been limited in Malaysia, the economic impact has been marked with substantial job losses predicted. Recruitment has fallen this year and is expected to continue to fall next year.
Sundaily (Asia) 09/24/2020 12:44
LONDON: Oil prices held steady on Thursday as a new wave of coronavirus cases in Europe led several countries to reimpose travel restrictions, offsetting a bullish drop in U.S. crude and fuel inventories. Brent futures fell 7 cents, or 0.2%, to US$41.70 (RM173.78) a barrel by 1559 GMT, while US West Texas Intermediate (WTI) crude rose 3 cents, or 0.1%, to US$39.96 (RM166.53).
Sundaily (Asia) 09/24/2020 12:37
WASHINGTON: The global economic outlook is not quite as dark as expected even just three months ago, a top International Monetary Fund (IMF) official said on Thursday, citing better-than-anticipated economic data from China and other advanced economies. However, IMF spokesman Gerry Rice told reporters the overall global outlook remained challenging as a result of the coronavirus pandemic and its impact on many economic sectors. The situation remained "precarious" in many developing countries and emerging markets other than China, he said, noting that the IMF was also concerned about rising debt levels. The IMF is due to release its latest World Economic Outlook on Oct 13.
Sundaily (Asia) 09/24/2020 12:20
WASHINGTON: Benefit claims filed by newly unemployed people in the United States rose slightly last week to 870,000, defying hopes that the wave of layoffs cause by the coronavirus pandemic would continue to ebb. Claims filed in the week ended Sept 19 were 4,000 above the previous week's revised level, indicating that the world's largest economy is still struggling to recover from business shutdowns beginning in March to stop the spread of Covid-19. Another 630,080 people filed new claims under a special programme for those not normally eligible, only about 45,000 less than the previous week. The business shutdowns caused a surge in weekly claim filings to more than 6.8 million in late March. Though they have decreased dramatically since th.
Sundaily (Asia) 09/24/2020 12:12
BRUSSELS: The European Commission on Thursday unveiled plans to regulate cryptocurrencies, proposing rules that could limit the development of Facebook-backed Libra and similar projects. Cryptocurrencies have exploded in popularity among investors since the emergence of Bitcoin, but the general public, banks and regulators remain wary. Pressure from member states has pushed the EU executive to unveil its proposals to regulate the new sector, in the hopes of also nurturing its development. "We should embrace the digital transformation proactively, while mitigating any potential risks," said Valdis Dombrovskis, an executive vice president of the European Commission. The plans cover a wide range of so-called crypto assets and, once ratified, c.
Sundaily (Asia) 09/24/2020 11:43
LONDON: Britain's government launched scaled-back job support on Thursday for workers hit by the resurgent Covid-19 pandemic, but warned not everyone could be helped during an economic meltdown that is threatening millions of jobs. Finance minister Rishi Sunak also unveiled plans to extend loan repayments for businesses and delay ending a tax cut for the hospitality sector that has been drastically hit by coronavirus restrictions. Despite the state support, unemployment looks set to surge by the end of the year, with major employers from British Airways to Rolls-Royce and Marks & Spencer shedding jobs rapidly. "I cannot save every business, I cannot save every job," Sunak told parliament as he announced his Winter Economy Plan, which replac.
Sundaily (Asia) 09/24/2020 10:53
MR.DIY Group (M) Bhd has entered into an underwriting agreement with several banks for its initial public offering on Bursa’s Main Market comprising of 941.49 million new and ordinary shares. Under the agreement, CIMB Investment Bank, Maybank Investment Bank and RHB Investment Bank have been appointed as its joint managing underwriters and joint underwriters. Meanwhile, AmInvestment, Hong Leong Investment Bank and Kenanga Investment Bank are the group’s joint underwriters for the listing exercise. MR DIY’s CEO Adrian Ong commented that the agreement marks a major milestone towards being a public listed company,. “Tapping into the capital markets will help accelerate our growth plans, as we continue to scale our store network to capitalise on.
Sundaily (Asia) 09/24/2020 10:51
PETALING JAYA: MCT Bhd expects a record year in terms of completed project handovers, with over 3,000 units across four projects with a combined gross development value (GDV) of RM1.2 billion to be delivered to homeowners. With regard to new launches for the year, its CEO Teh Heng Chong disclosed that the group’s strategies remained focused on the affordable to mid-tier residential market in the Greater Klang Valley region with a high population catchment, good transport link and public facilities. “We intend to spread our portfolio of developments to various growth corridors, expanding from our existing base in Cyberjaya and Cybersouth,” he said in a press release. With that the group has launched two projects, Casa Bayu @ Cybersouth and P.
Sundaily (Asia) 09/24/2020 10:46
PETALING JAYA: EcoWorld Development Group Bhd recorded a lower net profit of RM13.8 million for its third quarter ended July 31, from RM50.48 million previously, after a write-down of inventories by RM65 million. Revenue for the quarter stood at RM477.87 million, down from RM521.37 million a year before. In its Bursa filing, the group said the movement control order (MCO) and the conditional and recovery MCOs continued to impact the group’s operations in the third quarter. "Physical construction works fully resumed only in mid-June 2020 due to additional safety protocols required to be implemented prior to recommencement.
Sundaily (Asia) 09/24/2020 10:44
PETALING JAYA:. Sapura Energy Bhd and its group of companies have refuted any involvement in bribery or corruption in its business dealings in Brazil and anywhere else in the world, in relation to the recent news of investigations into the group’s and Seadrill’s alleged bribery involvement relating to Petrobras contracts. In its Bursa filing, it clarified that an investigation by the Brazilian authorities in 2016 and 2017 had cleared Sapura Energy from all allegations of bribery or corruption. "The company has in the past cooperated and will continue to cooperate with any investigation or regulatory authority in relation to bribery and corruption.
Sundaily (Asia) 09/24/2020 10:38
PETALING JAYA:. Ho Wah Genting Bhd’s wholly owned subsidiary, HWGB Biotech Sdn Bhd’s joint venture partner, E-Mo Biology Inc (EBI) is collaborating with a US-based lab facility to develop and produce companion diagnostic systems. In a statement, the group said these systemsutilise ELISA (enzyme-linked immunosorbent assay) and Western Blot methodology for the detection and qualification of RNA directed RNA polymerase (RDRP) IgG and IgA antibodies in human specimen against SARS-CoV-2 antigens. Ho Wah Genting spokesman Dr Yaman Walid Kassab said the group is encouraged by the progress made with the clinical study programme undertaken in its joint venture with EBI. “The research team is working very hard to ensure positive outcomes from the clin.

Information Technologies

IT Markets

Business Issues

Companies - Public

Companies - Venture Funded

Analysts

Analyst Firms

Global Markets

Global Risk Factors

Government Agencies

Job Titles

Legal and Regulatory

Political Entities

Sources

Strategic Scenarios

Trends

Hints:

On this page, you see the results of the search you have run.  You may also view the following:

  •  Click on this drop-down menu on the right hand side of the page, to choose between the machine learning-produced Insights Reports, or the listing of concepts extracted from the results, in chart or list format. 


  •  View the number of search results returned for the search in each of your collections, and click on any of those numbers to view the entire listing of results from the chosen collection.

  •  Use the search adjustment drop-downs to change the scope, sorting, and presentation of your results.

  •  Show or hide the record’s caption (content description).

  •  Show actions that can be made with the search result record.

  •  Click on the Save button after running your search, to save it so that its results will be updated each time relevant new content is added to the designated collection. You may choose to be notified via search alerts.

Click here for more info on Search Results

Click here for more info on Machine Learning applications