KUALA LUMPUR -- The implementation of the Malaysia-Australia Free Trade Agreement (MAFTA) which came effect on Jan 1 2013 is expected to widen and deepen bilateral trade engagement. Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said under the MAFTA, Australian exporters to Malaysia enjoy significantly reduced tariffs for goods, reaching up to 99 per cent of product coverage by 2020....
I’ve made no secret of the fact that I’m leery of the notion that cars in Malaysia should be made cheaper. The negative externalities arising from fossil fuel use, which would be exacerbated by cheaper cars, would be a social and public cost that wouldn’t be accounted for in the retail price of cars.
KUALA LUMPUR: Khazanah Nasional is looking at a timeframe of three to five years for the turnaround of loss-making Malaysia Airlines (MAS).Khazanah managing director Tan Sri Azman Mokhtar said Friday the national carrier was not out of the woods yet although things are moving in the right direction....
PARIS: France's Socialist government launched a major effort to reform its debt-ridden pension system on Friday, with a report outlining tough measures that are likely to face fierce opposition.Under pressure from Brussels, France is looking to plug holes that will see its generous state pension scheme fall more than 20 billion euros into the red by 2020....
KUALA LUMPUR: The Mass Rapid Transit (MRT) underground work package from Semantan to Maluri has attained a 30 per cent completion rate.MMC-Gamuda KVMRT (T) Sdn. Bhd. project director Satpal S. Bhogal said the work progress includes 9.5km of tunnelling and seven underground stations."We are on track for completion within the timeframe....
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) will issue a fresh opening date for the new low-cost airport, KLIA2, after receiving the date from the airport's terminal builder, a joint-venture of UEM Group and Bina Puri.
The airport is about 90 per cent complete currently, with the main terminal building having the most work to be completed.
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KUALA LUMPUR: The High Court here has ordered Perwaja Steel Sdn. Bhd. to pay RM146.139 million to Petronas over a default in payment for the supply of dry gas in Kemaman.Judge P. Nallini, who allowed Petronas' application for summary judgment in chambers, also ordered Perwaja to pay post judgment interest of four per cent per annum until date of settlement, and costs of RM20,000....
LONDON: Britain's markets watchdog is holding talks with relevant parties over allegations of foreign exchange market manipulation by banks, a spokesman said on Thursday."The Financial Conduct Authority is aware of these allegations and has been speaking to the relevant parties. However, we can't comment further at this time," an FCA spokesman told AFP....
KUALA LUMPUR: Malaysia will introduce a multiple entry visa for up to five years to qualified foreign business investors and fund managers to visit the country.Prime Minister Datuk Seri Najib Tun Razak, in making the announcement in his keynote address at Invest Malaysia 2013 here Thursday, said the decision was aimed at attracting...
KUALA LUMPUR -– Exports of Malaysian food products to Japan are projected to increase five to 10 per cent this year from an export value of US$173 million last year. Malaysia External Trade Development Corporation (Matrade) senior director Datuk Dzulkifli Mahmud said the Japanese economy under Prime Minister Shinzo Abe, geared towards turning around the country from its economic malaise, will spur demand for products from Malaysia....
