Flat growth expected in Penang’s property market this year

Bernama

BUTTERWORTH: Growth of the property market in Penang is expected to remain flat this year in view of the unpredictable economic outlook and the market’s wait-and-see attitude, according to an international real estate consulting firm. Henry Butcher Malaysia (Seberang Perai) Sdn Bhd associate director Fook Tone Huat said the United States (US)-China trade war, the property […]

Turkey bank says propping up forex reserves as lira slides

AFP

ISTANBUL: Turkey’s central bank Thursday sought to reassure investors over its foreign currency reserves after the sharpest drop in the local lira since a spat with the United States triggered a currency crisis last year. The lira slid nearly 6 percent Friday, prompting President Recep Tayyip Erdogan to call for […]

London stocks rise as pound falls on Brexit chaos

AFP

LONDON: London’s stock market rose Thursday, with share prices of multinationals climbing as the pound dropped in the wake of more Brexit uncertainty. The benchmark FTSE 100 index was up 0.5 percent nearing midday in London. In the eurozone, Frankfurt’s DAX 30 index advanced 0.4 percent and the Paris CAC 40 […]

Turkey bank says propping up forex reserves as lira slides

AFP

ISTANBUL: Turkey’s central bank Thursday sought to reassure investors over its foreign currency reserves after the sharpest drop in the local lira since a spat with the United States triggered a currency crisis last year. The lira slid nearly 6 percent Friday, prompting President Recep Tayyip Erdogan to call for […]

Swedbank sacks CEO, share trading halted amid scandal

AFP

STOCKHOLM: Swedish lender Swedbank, which is embattled over allegations of money-laundering in Baltic countries, fired its CEO and suspended trading of the company’s shares on the Stockholm stock exchange Thursday. “The developments during the past days have created an enormous pressure for the bank. Therefore, the board has decided to […]

‘Private sector credit growth rebounded in February’

AFP

FRANKFURT AM MAIN: Growth in lending by banks in the eurozone to the private sector rebounded in February, according to figures released Thursday by the European Central Bank (ECB). Loans to non-financial corporations and European households rose by 3.2 percent in February after 3.0 percent in January and 3.4 percent […]

More hybrid malls to be built in Kuching

Alvin Tang

KUCHING: A new breed of shopping mall known as hybrid mall is making its presence in the city. According to C H Williams Talhar Wong & Yeo Sdn Bhd (WTWY), there is an anticipated increase in hybrid malls in the next few years. A hybrid mall, it explains, is in the […]

Van passenger hurt in crash

Connie Chieng

KUCHING: A woman was trapped in a van following an accident at 5.30am yesterday. The van was travelling from Bau to Batu Kawa when it went out of control and crashed into a barricade, trapping the woman passenger inside. Firemen had to be called to extricate the victim. Both she […]

Woman loses handphone to snatcher

News Desk

MIRI:  A woman in her late 20s was waiting at a bus stop in Pelita Commerical Centre here around 5.30pm on Wednesday when a stranger suddenly appeared and snatched her handphone worth RM1,000. She has lodged a police report on the incident at Miri central police station. According to sources, […]

MACC detains admin assistant suspected of making 32 false claims

News Desk

KUANTAN: The Pahang Malaysian Anti-Corruption Commission (MACC) yesterday detained a female administrative assistant to help in the investigations involving 32 allegations of making false claims amounting to RM209,233, since 2014. In a statement issued here yesterday, state MACC director Mohamad Fauzi Husin said the suspect, 33, was detained at the Pahang MACC […]

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