Fri07282017

LAST_UPDATEFri, 28 Jul 2017 2pm

Tailored Structural Reforms Key To Boost Productivity - IMF Official

KUALA LUMPUR, July 24 -- Well-sequenced and tailored structural reforms are needed in all countries to boost productivity and investment, said International Monetary Fund (IMF) Economic Counsellor Maurice Obstfeld.

Read more: Tailored Structural Reforms Key To Boost Productivity - IMF Official

Affin Islamic Contributes RM100,000 In Zakat To MAIK

KUALA LUMPUR -- Affin Islamic Bank Bhd has contributed RM100,000 in zakat to the  Kelantan Islamic Affairs and Malay Customs Council (MAIK).

Read more: Affin Islamic Contributes RM100,000 In Zakat To MAIK

PIKOM Targets RM300 Mln In GMV For #Mycybersale 2017

KUALA LUMPUR -- The National Information and Communication Technology (ICT) Association of Malaysia (Pikom) will be organising the largest annual online sale, #MYCYBERSALE 2017 with a target of RM300 million in Gross Merchandise Value (GMV).

Read more: PIKOM Targets RM300 Mln In GMV For #Mycybersale 2017

Ringgit Stabilises, Continues Uptrend - Johari

KUALA LUMPUR -- The ringgit has stabilised and rose 4.6 per cent as at July 21 against the US dollar from the beginning of this year, the Dewan Rakyat was told today.

Read more: Ringgit Stabilises, Continues Uptrend - Johari

IMF Upgrades Malaysia's Economic Growth Rate To 4.8 Pct

KUALA LUMPUR -- The International Monetary Fund (IMF) has upgraded Malaysia's economic growth rate for 2017 to 4.8 per cent from 4.5 per cent as projected in the Annual Consultation Report on Malaysia released in May this year.

Read more: IMF Upgrades Malaysia's Economic Growth Rate To 4.8 Pct

U.S. Venture Capital's Digital Coin Quandary: Cash-Rich Startups

Pic: ReutersNEW YORK: U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money.

Read more: U.S. Venture Capital's Digital Coin Quandary: Cash-Rich Startups

CIMB To Partner Alipay For Mobile Payment Platform

Pic: ReutersKUALA LUMPUR: CIMB Group Holdings Bhd, Malaysia's second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services.

Read more: CIMB To Partner Alipay For Mobile Payment Platform

South-East Asia’s Grab To Get US$2.5 Billion Extra Firepower In Battle With Uber

Pic: Reuters

SINGAPORE: South-east Asian ride-hailing service Grab expects to raise US$2.5 billion in a record round of fundraising to cement its lead over Uber Technolgies in the region and grow its payments platform.

Read more: South-East Asia’s Grab To Get US$2.5 Billion Extra Firepower In Battle With Uber

Malaysia On Upside Bias Towards Becoming High-Income Nation : Economists

KUALA LUMPUR -- Malaysia has achieved significant milestones through well laid out initiatives under the National Transformation Programme (NTP) towards becoming a high-income nation and was now on an upside bias in meeting the goal, say economists.

Read more: Malaysia On Upside Bias Towards Becoming High-Income Nation : Economists