Tag Archives: Business

KUALA LUMPUR, Oct 13 (Bernama) — The Malaysia Competition Commission (MyCC) today reiterated its warning that school bus operators are to independently decide on fares and not fix the structure together, as such behavior is against Section 4 of the Competition Act 2010. In a statement, Chairma …

Boeing and Garuda Indonesia announced an order today for 50 737 MAX 8s, valued at US$ 4.9 billion at current list prices. Pictured here is an illustration of a 737 MAX 8 in Garuda Indonesia’s livery. Pic: Courtesy of BoeingKUALA LUMPUR, Oct 13 (Bernama) — Boeing and Garuda Indonesia anno …

KUALA LUMPUR, Oct 10 (Bernama) — The government will introduce a new syariah-compliant investment product — Investment Account Platform (IAP) — next year, said Prime Minister Datuk Seri Najib Tun Razak. Najib, who is also Finance Minister, said IAP will provide opportunities to inv …

KUALA LUMPUR, Oct 10 (Bernama) — A total of RM2.7 billion will be spent over the next three years to build 1,000 new telecommunications towers and laying of undersea cables, said Prime Minister Datuk Seri Najib Tun Razak when presenting Budget 2015 at the Parliament today. Najib, who is also F …

KUALA LUMPUR, Oct 10 (Bernama) — The government will develop a new mechanism for providing petroleum subsidy which will be announced soon, says Prime Minister Datuk Seri Najib Tun Razak. The move is aimed at ensuring a more targeted subsidy and taking into account the rakyat’s awareness …

KUALA LUMPUR, Oct 9 (Bernama) — Malaysia Airlines (MAS) today announced a bimodal agreement with TGVAIR, a high-speed rail network that is operated by SNCF, France’s national state-owned railway company. The agreement would allow MAS to commercialise a journey from start to finish includ …

KUALA LUMPUR, Oct 7 (Bernama) — The Malaysia Competition Commission (MyCC) recently accepted undertakings in accordance with Section 43 of the Competition Act 2010 from Giga Shipping Sdn Bhd and Nexus Mega Carriers Sdn Bhd. The undertakings are in relation to exclusive agreements between the t …

KUALA LUMPUR, Oct 7 (Bernama) — Malaysian pharmaceutical companies are expected to generate sales of RM65 million at the upcoming CPhi Worldwide 2014 in Paris, France. This, according to the Malaysia External Trade Development Corporation (Matrade), is an increase of nearly 10 per cent compare …

KUALA LUMPUR, Oct 7,( Bernama) — Boeing projects air cargo traffic will grow at an annual rate of 4.7 percent over the next 20 years, with global air freight traffic expected to more than double by 2033. The company released its biennial World Air Cargo Forecast at the International Air Cargo …

KUALA LUMPUR, Oct 7 ( Bernama) — Boeing announced on Oct. 6, 2014 it will produce 777X parts at its site in St. Louis, Missouri, bringing back inside the company work that is currently performed at suppliers or performed overseas for the current 777 program. The design for these parts will be …

KUALA LUMPUR, Oct 3 (Bernama) — Boeing announced on October 2, 2014 that it will increase production on the 737 program to 52 airplanes per month in 2018 in response to strong market demand from customers worldwide. Once the increase is implemented, the 737 program is expected to build more th …

KUALA LUMPUR, Oct 2 (Bernama) — Successful implementation of the Goods and Services Tax (GST) requires five key process elements including political will and an effective consultative and communication process, the Royal Malaysian Customs Department said. The other elements are the right peopl …

KUALA LUMPUR, Oct 1 (Bernama) — The Malaysia External Trade Development Corporation (Matrade) aims to get 2,625 small and medium enterprises (SMEs) to sign up this year for its newly launched e-Trade programme with Chinese online retail giant Alibaba. The programme, open to SMEs in the manufac …

JOHOR BAHARU, Oct 1 (Bernama) — The state government is allocating RM1.3 million this year through the Johor Agriculture Department to assist rural agro-based entrepreneurs under its Projek Pembangunan Usahawan Industri Asas Tani. State Agriculture and Agro-based Industry Committee chairman Is …

KUALA LUMPUR, Oct 1 (Bernama) — The demand on leadership going forward will be immense and requires tremendous energy that needs to be sustainable, Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz said. She said leadership had become even more important in the current and future envir …