18 Zulkaedah 1433
KUALA LUMPUR, Oct 3, 2012- Malaysia will be consolidating and capitalising on its comparative edge in Islamic finance to intensify financial integration and connectivity with international economies, mainly to support expansion of trade and investment activities.
Deputy Finance Minister, Datuk Dr Awang Adek Hussin, said Islamic finance has proven to be a potent tool for the nation to achieve more inclusive, well-rounded and sustainable economic development.
He said Islamic finance started as a strategy for greater financial inclusion in reaching out to the underserved segment of the Muslims and has progressed into a competitive form of financial intermediation for retail customers, businesses and the government.
More information: BERNAMA
Wednesday, October 3, 2012
2013 Budget: Middle-income Group Not Sidelined
18 Zulkaedah 1433
KUALA LUMPUR, Oct 3, 2012- The government would not sideline the middle-income group in the 2013 Budget, said Prime Minister Datuk Seri Najib Tun Razak.
He said various incentives were given out to assist this group, including one percentage point income tax reduction for those in the RM2,500-RM50,000 income bracket.
"We also provide housing programmes for the middle-income group. We give them other facilities too that benefit them like the My First Home scheme.
More information: BERNAMA
KUALA LUMPUR, Oct 3, 2012- The government would not sideline the middle-income group in the 2013 Budget, said Prime Minister Datuk Seri Najib Tun Razak.
He said various incentives were given out to assist this group, including one percentage point income tax reduction for those in the RM2,500-RM50,000 income bracket.
"We also provide housing programmes for the middle-income group. We give them other facilities too that benefit them like the My First Home scheme.
More information: BERNAMA
Saturday, September 15, 2012
Syed Mokhtar Firms Make RM347m. Offer for Tradewinds
29 Syawal 1433
Read more: Syed Mokhtar firms make RM347m offer for Tradewinds http://www.btimes.com.my/Current_News/BTIMES/articles/20120914230940/Article/index_html#ixzz26g007KEl
KUALA LUMPUR: Hotel and property specialist Tradewinds Corp Bhd (TCB) has received a RM347 million takeover offer from its largest shareholder Perspective Lane (M) Sdn Bhd and two sister companies.
Perspective Lane, Kelana Ventures Sdn Bhd and Seaport Terminal (Johore) Sdn Bhd, all controlled by Tan Sri Syed Mokhtar AlBukhary, plan to privatise TCB via a selective capital reduction (SCR) and repayment exercise.
TCB yesterday said Perspective Lane will cancel one TCB share held by other shareholders not linked to it and the other two offerors.
They will pay RM1.10 for every cancelled share, TCB said in a statement to Bursa Malaysia yesterday.
The SCR of 347 million shares will reduce TCB's issued and paid-up capital from 1.11 billion shares to 759.03 million shares.
TCB yesterday said Perspective Lane will cancel one TCB share held by other shareholders not linked to it and the other two offerors.
They will pay RM1.10 for every cancelled share, TCB said in a statement to Bursa Malaysia yesterday.
The SCR of 347 million shares will reduce TCB's issued and paid-up capital from 1.11 billion shares to 759.03 million shares.
Read more: Syed Mokhtar firms make RM347m offer for Tradewinds http://www.btimes.com.my/Current_News/BTIMES/articles/20120914230940/Article/index_html#ixzz26g007KEl
Legoland Malaysia, Local Attraction Of International Standard
29 Syawal 1433
JOHOR BAHARU, Sept 15, 2012 First in Asia, Legoland Malaysia got a hot reception from visitors on its opening day today with some 4,000 visitors registered up to 12 pm.
Visitors thronged the main entrance of the park as early as 9 am and about 10,000 patrons are expected to visit the theme park on the first day of its opening to the public.
While waiting for the main entrance to open, the visitors are feted with an amazing performance by the Legoland orchestra, Billund Marching Band, which was specially flown in from Denmark, as well as a dance show by the crew of Legoland Malaysia.
All the visitors are excited with the public opening of the Legoland theme park and some have already made plans to revisit it.
More information : BERNAMA
JOHOR BAHARU, Sept 15, 2012 First in Asia, Legoland Malaysia got a hot reception from visitors on its opening day today with some 4,000 visitors registered up to 12 pm.
Visitors thronged the main entrance of the park as early as 9 am and about 10,000 patrons are expected to visit the theme park on the first day of its opening to the public.
While waiting for the main entrance to open, the visitors are feted with an amazing performance by the Legoland orchestra, Billund Marching Band, which was specially flown in from Denmark, as well as a dance show by the crew of Legoland Malaysia.
All the visitors are excited with the public opening of the Legoland theme park and some have already made plans to revisit it.
More information : BERNAMA
Wednesday, August 29, 2012
TM's Profit Almost Triples
12 Syawal 1433
STRONG BROADBAND TAKE-UP RATE: Company nets RM348.5m in second quarter
TELEKOM Malaysia Bhd (TM), the country's largest fixed-line phone company, almost tripled its second quarter net profit to RM348.5 million, partly helped by a strong broadband take-up rate.
The company also recorded a 8.6 per cent growth in revenue to RM2.43 billion, versus RM2.23 billion in the same period last year.
During the quarter ended June 30, 2012, the company also added 37,000 new broadband customers to 2.01 million, mainly driven by growth in its Unifi customer base.
To date, TM has more than 420,000 Unifi customers. The company had earlier forecast to hit 400,000 subscribers by year-end.
More information: Btimes
STRONG BROADBAND TAKE-UP RATE: Company nets RM348.5m in second quarter
TELEKOM Malaysia Bhd (TM), the country's largest fixed-line phone company, almost tripled its second quarter net profit to RM348.5 million, partly helped by a strong broadband take-up rate.
The company also recorded a 8.6 per cent growth in revenue to RM2.43 billion, versus RM2.23 billion in the same period last year.
During the quarter ended June 30, 2012, the company also added 37,000 new broadband customers to 2.01 million, mainly driven by growth in its Unifi customer base.
To date, TM has more than 420,000 Unifi customers. The company had earlier forecast to hit 400,000 subscribers by year-end.
More information: Btimes
Global Investor Confidence Index Falls In August 2012
12 Syawal 1433
SINGAPORE, Aug 29, 2012- Global Investor Confidence Index (ICI) fell in August 2012 on a month-to-month basis, according to State Street Global Markets, the investment research and trading arm of State Street Corporation.
The global ICI fell from July's revised reading of 94.3 to 90.9 in August.
Driving the decline was a sharp deterioration in risk appetite among North American investors: the North American ICI declined 8.7 points from July's revised level of 93.1 to settle at 84.4.
The European ICI was close to unchanged, ticking down half-a-point from 101.7 to 101.2.
Among Asian investors, risk appetite improved for the fourth successive month, and the Asian ICI rose 2.9 points from a revised level of 90.6 to finish at 93.5.
The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul O'Connell of State Street Associates.
It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
More information :BERNAMA
SINGAPORE, Aug 29, 2012- Global Investor Confidence Index (ICI) fell in August 2012 on a month-to-month basis, according to State Street Global Markets, the investment research and trading arm of State Street Corporation.
The global ICI fell from July's revised reading of 94.3 to 90.9 in August.
Driving the decline was a sharp deterioration in risk appetite among North American investors: the North American ICI declined 8.7 points from July's revised level of 93.1 to settle at 84.4.
The European ICI was close to unchanged, ticking down half-a-point from 101.7 to 101.2.
Among Asian investors, risk appetite improved for the fourth successive month, and the Asian ICI rose 2.9 points from a revised level of 90.6 to finish at 93.5.
The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul O'Connell of State Street Associates.
It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
More information :BERNAMA
Wednesday, August 8, 2012
Malaysian Economy To Perform Well Relative To Other Asian Nations
20 Ramadhan 1433
SINGAPORE, Aug 9,2012 - The Malaysian economy is poised to continue well relative to other Asian nations as it is supported by strong private consumption growth, says Anthony Yau, Head of Asian Emerging Markets at State Street Global Advisors.
He said the country's economy compared favourably to other Asian nations in terms of Gross Domestic Product (GDP) growth.
"Private consumption has been the primary driver here as it is among the strongest in the region and continues to be supported by widespread pay raises for civil servants heading into the elections," he told Bernama.
More information: BERNAMA
SINGAPORE, Aug 9,2012 - The Malaysian economy is poised to continue well relative to other Asian nations as it is supported by strong private consumption growth, says Anthony Yau, Head of Asian Emerging Markets at State Street Global Advisors.
He said the country's economy compared favourably to other Asian nations in terms of Gross Domestic Product (GDP) growth.
"Private consumption has been the primary driver here as it is among the strongest in the region and continues to be supported by widespread pay raises for civil servants heading into the elections," he told Bernama.
More information: BERNAMA
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