KUALA LUMPUR: The ringgit is poised to begin 2019 as one of the best performing currencies in Asia, with a few analysts forecasting the currency to breach below RM4 level at some point throughout. This is despite lower risk appetite towards the regional currencies on the back of tighter global liquidity conditions following the recent …
The massive ocean cleanup device invented by a 24-year-old is running into problems in the Great Pacific Garbage Patch
The Ocean Cleanup, founded by a 24-year-old Dutch innovator named Boyan Slat, has run into some problems during its first month deploying a massive plastic cleaning array. Slat’s 2,000-foot-long device, System 001, recently spent four weeks in the Great Pacific Garbage Patch, where the organization hopes to collect 50 tons of plastic within one year. For the most …
Indicators suggest economic growth in Feb-April 2019
KUALA LUMPUR: Malaysia’s economy is likely to grow in February to April 2019, based on the performance of economic indicators. In the Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for October 2018 report, chief statistician Datuk Sri Dr Mohd Uzir Mahidin said the change of Leading Index (LI) augmented in October 2018 registered a growth …
KL’s value proposition hard to beat
GLOBAL infrastructure and construction companies based in Kuala Lumpur are taking advantage of the city’s strategic location in the region to ride out an industry slowdown. InvestKL’s chief executive officer Datuk Zainal Amanshah said multinational corporations (MNCs) are leveraging KL to tap the enormous potential offered by Southeast Asia’s infrastructure development. Asian Development Bank estimated …
Matrade urges SMEs to capitalise on Msia’s position as trade nation
KUALA LUMPUR: Malaysia External Trade Development Corp (Matrade) wants Malaysian small and medium enterprises (SMEs) to capitalise on its position as the 15th easiest country to do business based on World Bank’s Doing Business Report 2019. Matrade chief executive officer Mohd Shahreen Zainooreen Madras said though SME represents 98 per cent of the domestic commerce …
