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AirAsia growing payments business as part of digital push

SINGAPORE: AirAsia Bhd  plans to expand its BigPay debit card and mobile app recently launched in Malaysia to other countries in the region and to add remittance and lending products, its group CEO said, as the budget a...

Connsumer stocks battered, Sapura Energy jumps in active trade

KUALA LUMPUR: Consumer stocks were battered on Thursday with Nestle sustaining a second day of losses on Thursday after the recent rally while Sapura Energy.  led penny oil and gas stocks higher in active trade. At 5...

Bank Negara encourages the public to monitor their credit standing

KUALA LUMPUR: Bank Negara has encouraged the public to register with the online Central Credit Reference Information System (eCCRIS) to enable them to access the personal report of their credit standing at their convenie...

Retailers see 4.7% growth for this year

KUALA LUMPUR: Malaysia’s retail sector, which grew 2% last year, is projected to 4.7%, or RM104.4bil in 2018, according to Retail Group Malaysia (RGM). “This projection is considered optimistic by members of Malaysia re...

Bank Negara adds Tu-E Capital to alert list

KUALA LUMPUR: Bank Negara Malaysia has added Tü-E Capital Bhd – which has its origins in Indonesia – to its Financial Consumer Alert list of unapproved companies and websites. “The list consists of companies and website...

Google to ban cryptocurrency, initial coin offering ads

SAN FRANCISCO: Google will ban online advertisements promoting cryptocurrencies and initial coin offerings starting in June, part of a broader crackdown on the marketing of a new breed of high-risk financial products. A...

Broadcom to end bid for Qualcomm, keeps plan to move to US

Singapore-based Broadcom Ltd is planning to scrap its bid for Qualcomm Inc , after U.S. President Donald Trump blocked the chipmaker's proposed acquisition on national security grounds earlier this week, although it will...

Ringgit higher against US$ on continued buying demand

KUALA LUMPUR: The ringgit remained higher against the US dollar early Wednesday on continued buying demand for the local note, while benefiting from the fallout arising from the sudden dismissal of US Secretary of State,...

Bank Negara issues alert about Coinzer

KUALA LUMPUR: Bank Negara Malaysia has issued an alert about the cryptocurrency platform called Coinzer as digital currencies are not legal tender in Malaysia. It said that it does not authorise or endorse Coinzer. “Th...

Malaysia less exposed to US trade war than regional peers

KUALA LUMPUR: Malaysia is less exposed to US trade risk than its regional peers amid the rising trade war rhetoric following the latest changes in US President Donald Trump’s top administration. Stephen Innes, the head ...

Proton taps into Geely’s advanced auto technology

KUALA LUMPUR: Zhejiang Geely Holdings Group's purchase of a stake in Proton Holdings Bhd is proving to be highly positive as the national car manufacturer will now be able to tap into advanced auto technology given the C...

Cash call likely for UMW

PETALING JAYA: UMW Holdings Bhd  is likely to make a cash call by selling new shares to raise funds for the takeover of MBM Resources Bhd  and an additional stake in Perusahaan Otomobil Kedua Sdn Bhd (Perodua). The ...

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