12 August 2020, Wednesday | 09:15pm


Markets show ‘IMF is wrong’ on growth

SINGAPORE: The International Monetary Fund may be mistaken in cutting its economic forecasts, according to Evercore ISI.

The IMF on Tuesday lowered its global growth outlook to 3.3% for 2019 from a forecast of 3.5% in January.

Visa ranks Malaysia at 19th in govt e-payments adoption

KUALA LUMPUR: A study by global digital payments service provider, Visa Inc, has placed Malaysia at the 19th position among 73 countries in government e-payments adoption.

Higher demand for narrow body aircraft to boost CTRM's performance

MELAKA: DRB-HICOM Bhd’s aerospace and defence development arm, Composites Technology Research Malaysia (CTRM), will continue to grow at a robust rate due to higher demand for

PETRONAS well-positioned to meet rising demand for LNG

KUALA LUMPUR (April 5): Petroliam Nasional Bhd (Petronas) president and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said the group is well-positioned to provide clean ene

More airlines expected to fly to Seletar Airport

PETALING JAYA: The approval for Firefly to resume flying to Singapore but to Seletar Airport instead of Changi Airport effective late April will pave the way for other airlines to fly to Seletar, according to MIDF Research.

Airbus enters new era with change of CEO

PARIS, April 10 — European aerospace giant Airbus today welcomes new CEO Guillaume Faury, whose inbox includes Brexit, US President Donald Trump’s trade threats and corruption investigations.

British supermarket giant Tesco posts rising profit

LONDON: British supermarket king Tesco on Wednesday registered a nine-percent increase in annual net profits, helped by cost-cutting and its acquisition of wholesaler Booker.

We’re not even close to the next great recession

WHAT’S all the fuss about?

Maybe the world economy isn’t in such terrible shape after all. New projections from the International Monetary Fund, published Tuesday, show that expansion still has some legs. Growth will be a not-too-shabby 3.3 percent this year.

Government to inject RM6.23b into FELDA

KUALA LUMPUR: The government has agreed to allocate RM6.23 billion into the Federal Land Development Authority (Felda) in stages through grants, loans and government guarantees as needed to sustain the authority’s future.

ECRL deal including palm oil purchase from Malaysia a positive move

KUALA LUMPUR: The inclusion of palm oil purchase by China in the East Coast Rail Link (ECRL) potential revival deal is positive as it could allow Malaysia to potentially lock in higher palm oil export volumes to the republic over the next few years, said CIMB Research.