January 2012

  • perod
31 Jan 2012 - 4:49pm
KUALA LUMPUR: Second national car-maker Perodua, which produces affordable compact cars for the masses, has asked Bank Negara Malaysia to ease up on tight loan conditions for the hire purchase of cars imposed effective this year, saying they are affecting car sales. Its Managing Director Datuk Aminar Rashid Salleh said on Tuesday that registration...
  • nega
30 Jan 2012 - 5:21pm
KUALA LUMPUR: Licensed onshore banks are now allowed to trade in foreign currencies against another foreign currency with a resident effective tomorrow, Bank Negara Malaysia announced Monday. The central bank also announced that beginning tomorrow, licensed onshore banks are permitted to offer ringgit-denominated interest rate derivatives to a non...
  • cina
30 Jan 2012 - 2:17pm
BEIJING: Chinese Premier Wen Jiabao said government debt was overall safe and controllable and key projects would continue to receive funding to avoid systemic risks, state media said Monday.   An explosion in lending in recent years has fuelled concerns that local governments, which borrowed heavily to build roads, bridges and luxury...
  • fran
27 Jan 2012 - 4:38pm
CANNES: Knocked sideways a decade ago by online piracy, the record industry had a spring in its step in the run-up to the MIDEM trade fair this weekend, buoyed by figures suggesting legal downloading has taken off for good.   "As we enter 2012, there are good reasons for optimism in the world of digital music," Frances Moore, head of the...
  • stap
26 Jan 2012 - 4:26pm
KUALA LUMPUR: Malaysia's investment opportunities and economic lures were among the main highlights in a presentation by Minister of International Trade and Industry Datuk Seri Mustapa Mohamed at a roundtable meeting on Wednesday in Zurich. The event jointly hosted by the Malaysian Investment Development Authority (MIDA) and the Switzerland-Asian...
  • tsu
25 Jan 2012 - 6:06pm
TOKYO: Japan announced its first annual trade deficit for more than 30 years on Wednesday after the March quake-tsunami and strong yen hit exports in 2011, while high fuel costs pushed up import bills.   The first calendar-year deficit in goods since 1980 came to 2.49 trillion yen ($32 billion), the finance ministry said.   ...
  • toyo
25 Jan 2012 - 5:07pm
TOKYO: Toyota Motor confirmed Wednesday that its world group sales fell below the eight million mark in 2011, losing the firm its number one spot in the global car-makers' league.   Total sales were 7.95 million units worldwide, down six per cent, Toyota said, after supply chains were disrupted by the earthquake and tsunami in Japan, as well...
  • Tun Dr Mahathir Mohamad
25 Jan 2012 - 12:14pm
Is it true that taking race into account in business through the NEP policy hinders economic growth?  The world recognises that development in multi-racial Malaysia is faster and higher than in other developing countries which do not have race issues to deal with. It is certainly possible that if ethnic problems did not haunt Malaysia...
  • nal
25 Jan 2012 - 3:53am
DAVOS: Business leaders are gloomy about prospects for the world economy, according to a major survey of international chief executives released on the eve of the Davos forum.   A survey of 1,258 bosses by accountancy firm PricewaterhouseCoopers, timed to coincide with the World Economic Forum of the global business elite, found 48 per cent...
  • wood
20 Jan 2012 - 6:06pm
MELBOURNE: Private equity groups are looking overseas for new sources of funding as Australian superannuation funds scale back their investment in the sector. The Australian Private Equity and Venture Capital Association (AVCAL) is working to attract Asian investors as part of a push to help mid-tier funds facing hard times, its chief executive...