Saturday, June 19, 2021

Business

CPO may hit RM3,800 per tonne in Q3, Q4 2021

KUALA LUMPUR: Crude palm oil (CPO) price may hit RM3,800 per tonne in the third (Q3) and fourth quarters of 2021, leading to an average price of RM3,678 per tonne this year for the commodity, said OCBC Bank. The bank’s...

AirAsia foundation offers free delivery for East Malaysian products

KUALA LUMPUR: AirAsia Foundation is offering free nationwide delivery for East Malaysian products available at its online shop DestinationGOOD.com starting today until June 30 in support of small businesses and social enterprises. In a statement, the foundation said shoppers would...

Matrade to organise national export day via digital platform this year

KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) will organise its signature programme, the National Export Day, via digital platform this year. In a statement today, it said themed “Reignite Your Exports”, the e-National Export Day (eNED@2021) could be...

Increasing subsidies hurting country financially

KUCHING: The rise of crude oil prices has resulted in additional revenue for Malaysia but expenditure to mitigate the effects of the Covid-19 pandemic will put a strain on the country's finance, says an economist. Datuk Dr Madeline Berma pointed...

Nokia offers its technology to Malaysia’s 5g network deployment

KUALA LUMPUR: Finnish telecommunication service provider Nokia is offering its 5G technology that has been established globally to be deployed in Malaysia’s network rollout by year-end. Head of Southeast Asia Daniel Jaeger said with more than 200 5G commercial contracts...

AirAsia’s teleport to ramp up delivery, digital cargo capabilities

KUALA LUMPUR: AirAsia Digital's logistics arm, Teleport is ramping up its delivery and digital cargo capabilities in line with the significant e-commerce growth, driven by the Covid-19 pandemic. Its growth would be accelerated with the company’s first dedicated freighter, a...

Serba Dinamik board approves appointment of E&Y as independent reviewer

KUALA LUMPUR: Serba Dinamik Holdings Bhd’s board of directors has agreed in principle to appoint Ernst & Young Advisory Services Sdn Bhd (E&Y) as the independent reviewer to assess the veracity and accuracy of the issues highlighted by external...

Foxconn emerges as new substantial shareholder of DNeX

KUALA LUMPUR: Hon Hai Precision Industry Co Ltd’s subsidiary Foxconn Singapore Pte Ltd has emerged as a substantial shareholder of Dagang NeXchange Bhd (DNeX) with a 5.03 per cent stake. The Cyberjaya-headquartered technology firm said it had received an official...

BPR appeal period starts June 15

KUALA LUMPUR: Individuals whose Bantuan Prihatin Rakyat (BPR) applications had been rejected can submit their appeal starting June 15 (Tuesday) until June 30, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Tengku Zafrul said applicants can submit an appeal...

Affected M40, T20 groups eligible for financing repayment aid

KUALA LUMPUR: Individual customers and businesses whose income has been affected, including from the M40 and T20 groups, are eligible to apply for financing repayment assistance, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM). AIBIM president Datuk...

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12MP takes into account National Recovery Plan

JELI: The report on the Twelfth Malaysia Plan (12MP) will take into account all factors related to the ongoing...