Business

MIER wants government to be fully prepared
Wednesday, January 28, 2015

KUALA LUMPUR -- January 28, 2015: The Malaysian Institute of Economic Research (MIER) would like the government to arm itself with all available measures to deal with the looming difficult times.
 
According to its executive director Dr Zakariah Abdul Rashid, the measures should include an effective implementation of supply-side structural reforms and removing further barriers to trade and investment....

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Dubai overtakes Heathrow as top airport
Tuesday, January 27, 2015

DUBAI -- January 27, 2015: Dubai International has overtaken London's Heathrow Airport to become the world's top hub in international travel after handling 70.47 million passengers last year, its authority said today.
 
Traffic at the airport increased 6.1 per cent last year, Dubai Airports said, and it expects the number of travellers passing through the hub to surge in 2015 to 79 million....

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Diversification will cushion impact of oil prices
Sunday, January 25, 2015

KUALA LUMPUR - January 25, 2015: Malaysia's diversified economy provides a significant cushion so that the magnitude of the impact from lower oil prices is relatively limited, said the World Bank.Senior country economist for Malaysia, Dr Frederico Gil Sander, said the impact of weakening oil prices would also be offset by the implementation of the Goods and Services Tax and raising revenue from other taxes that were not related to oil and gas (O&G)....

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LRT3 to proceed as planned
Friday, January 23, 2015

KUALA LUMPUR -- January 23, 2015: In our report yesterday on the LRT3, it was erroneously mentioned that work on the line was unlikely to happen next year due to the economic situation.Recent official statements in fact said the project will proceed as planned....

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LRT3 to open for public scrutiny next month
Thursday, January 15, 2015

KUALA LUMPUR -- January 22, 2015: The plan for the third line of the light rail transit system will be open for public response in February for the following three months.Sources from Prasarana told The Mole that they were hoping for work on the Bandar Utama-Johan Setia (Klang) line to start next year.  ...

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Government has put only RM1mil in 1MDB
Thursday, January 22, 2015

KUALA LUMPUR – January 22, 2015: Many people do not realise that the government's commitment for its wholly-owned strategic development company 1Malaysia Development Bhd (1MDB) was only RM1 million in terms of shares, but today it has assets worth RM50 billion.Speaking at TV3's programme 'Soal Jawab' last night, Prime Minister Datuk Seri Najib Razak said although it was true that the company has substantial debts, its assets were far better than liabilities....

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Unemployment rate in M'sia not alarming
Tuesday, January 20, 2015

KUALA LUMPUR – January 21, 2015: The unemployment rate in Malaysia is not expected to show a big difference in the next few years despite the United Nation’s warning of growing inequality and joblessness in the world by 2019.  Department of Statistics manpower and social statistics division director Riyanti Saari...

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MAS using paperless system at KLIA
Wednesday, January 21, 2015

SEPANG -- January 21, 2015: Effective the beginning of the year, Malaysia Airlines has been using the Softcopy General Declaration (GD) system at the Kuala Lumpur International Airport in collaboration with the Immigration Department.
 
To streamline the process, Malaysia Airports Holdings Berhad (MAHB) has provided the infrastructure to support and instal immigration crew counters at KLIA with the system to move towards a paperless solution, MAS said in a statement....

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Tok Pa: "Irresponsible to say economy in crisis"
Wednesday, January 21, 2015

DAVOS (Switzerland) -- January 21, 2015: The claim by the opposition that the Malaysian economy is in crisis is absurd and irresponsible, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.He said the baseless accusation made by the opposition, which compared the country's current economic situation to the likes of the 1997/1998 economic financial crisis, was not based on facts and in-depth research....

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MASkargo to use cloud system
Tuesday, January 20, 2015

KUALA LUMPUR -- January 20, 2015: Malaysia Airlines Kargo (MASkargo) will use the cloud-based Unisys Logistics Management System (LMS) from Unisys Corporation to manage its domestic and international cargo services.
 
In a statement today, Unisys said under the contract with Malaysian Airline System, Unisys will replace MASkargo's current in-house mainframe-based system with the LMS service....

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