Wed03292017

LAST_UPDATEWed, 29 Mar 2017 9am

Malaysia Marks First E-Hub For Alibaba Outside Of China

Pic: MY Stock

KUCHING: Alibaba Group yesterday announced the establishment of an e-hub under the Electronic World Trade Platform (eWTP) initiative together with the Malaysia Digital Economy Corporation (MDEC), the country’s digital economy development agency, and other parties.

Read more: Malaysia Marks First E-Hub For Alibaba Outside Of China

New Car Models Cushion Thailand's Total Vehicle Sale

BANGKOK -- The Federation of Thai Industries (FDI) reports that the country's total sale of vehicles rose 19.9 per cent year-on-year in February 2017 and 19.5 per cent from a month earlier, thanks to the introduction of new car models since the beginning of this year, reports Thai News Agency (TNA) .

Read more: New Car Models Cushion Thailand's Total Vehicle Sale

Iskandar Malaysia Attracts Rm32.15 Bln In Investments For 2016

JOHOR BAHRU -- Iskandar Malaysia attracted a total investment of RM32.15 billion in 2016, surpassing its annual target of RM25 billion.

Read more: Iskandar Malaysia Attracts Rm32.15 Bln In Investments For 2016

CPO Closes Higher On The Possibility Of El Nino

KUALA LUMPUR -- Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on speculation that the El Nino weather will affect output later this year.

Read more: CPO Closes Higher On The Possibility Of El Nino

Appointing Right Leaders Crucial To Ensure Continuous Transformation Process

Tan Sri Abdul Wahid Omar

KUALA LUMPUR -- Appointing the right leader is crucial to ensure a continuous transformation process in companies and institutions, said Permodalan Nasional Bhd's Chairman, Tan Sri Abdul Wahid Omar.

Read more: Appointing Right Leaders Crucial To Ensure Continuous Transformation Process

Alibaba Set To Transform KLIA Aeropolis Into Efulfillment Hub

KUALA LUMPUR -- China's Alibaba Group is set to transform up to 45 hectares at KLIA Aeropolis into an eFulfillment hub, an e-commerce and logistics hub to facilitate faster clearance of imports and exports.

Read more: Alibaba Set To Transform KLIA Aeropolis Into Efulfillment Hub

Airbnb Embarks On China Push With More Staff, Local Name

Pic: ReutersU.S. short-term rental giant Airbnb Inc will triple its China staff this year as it targets the country's millennial consumers, its chief executive said on Wednesday, even as the Silicon Valley firm faces competition from local rivals.

Read more: Airbnb Embarks On China Push With More Staff, Local Name

Malaysian Businesses To Benefit From EU-FTA, Says Envoy

KUALA LUMPUR: Malaysian businesses will benefit from the Malaysia-European Union (EU) Free Trade Agreement (FTA) which is expected to be finalised by year-end, says Spain's Ambassador to Malaysia, Carlos Dominguez.

Read more: Malaysian Businesses To Benefit From EU-FTA, Says Envoy

Saudi Aramco's US$7 Billion Investment Proves Malaysia Not On Verge Of Bankruptcy, Says Najib

Pic: ReutersKUALA LUMPUR: Saudi Aramco's US$7 billion investment in the Petronas Pengerang Integrated Complex in Johor, is a major testament that Malaysia is not on the verge of bankruptcy.

Read more: Saudi Aramco's US$7 Billion Investment Proves Malaysia Not On Verge Of Bankruptcy, Says Najib

Lazada M'sia Celebrates 5th Anniversary, 2nd Year Of Triple-Digit Growth

KUALA LUMPUR: Lazada Malaysia is confident of achieving triple-digit growth this year, driven by an increase in the number of registered users, and an expanding variety of exclusive products.

Read more: Lazada M'sia Celebrates 5th Anniversary, 2nd Year Of Triple-Digit Growth