Tue10212014

LAST_UPDATETue, 21 Oct 2014 7am

11th Malaysia Plan To Be Tabled In May Next Year

Pic: NSTKUALA LUMPUR: The 11th Malaysia Plan (2016-2020), which charts the country’s economic and social direction, will be tabled in Parliament in May next year.

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Jakarta To Boost Palm Oil Output

Pic: BloombergTHE Indonesian Palm Oil Association expects the country’s palm oil production to rise to 33 million tonnes next year on the back of favourable government policies.

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Xiaomi Excels In Indonesia Debut

Pic: www.wowkeren.comJAKARTA: Xiaomi’s plan for world domination of the smartphone market expanded with its first foray in Indonesia, after a few thousand units of the budget handset were sold online in a matter of minutes last Thursday.

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Malaysia Targets Us$15,000 Per Capita A Year From 2019

Second Finance Minister Datuk Seri Ahmad Husni HanadzlahMARAN: Malaysia's per capita income is expected to increase to USD15,000 (RM48,352) a year by 2019, a year ahead of the target to achieve a high-income country status in 2020.

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Greek PM Cuts Taxes As Economy Picks Up

Greece’s Prime Minister Antonis Samaras delivers a speech at the opening of the annual Thessaloniki International Trade Fair in northern Greece September 7, 2014. Greece expects its economy to grow in the third quarter of this year. Pic: ReutersATHENS: Greek Prime Minister Antonis Samaras announced cuts yesterday to unpopular taxes introduced at the height of Greece’s debt crisis, in a bid to show that over four years of austerity are finally nearing an end.

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US Data Breach Scare Fuels Israeli Market

Shares of an Israeli cyber-security giant Check Point Software Technologies Ltd have bounced higher with each successive data breach scare that’s hit corporate America in recent weeks. Pic: ReutersNEW YORK: With each successive data breach scare that’s hit corporate America in recent weeks, from JPMorgan Chase & Co to Apple Inc and then Home Depot Inc, the shares of an Israeli cyber-security giant have bounced higher.

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CIMB Signs Agreement To Sell Rights In Petroleum Hub

CIMBKUALA LUMPUR -- CIMB Bank Bhd has signed a Heads of Agreement with a consortium led by the Emirates National Oil Company (ENOC) to sell its rights in the Asia Petroleum Hub project.

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Ringgit Downtrend May Continue

RinggitKUALA LUMPUR--The ringgit is likely to weaken further against the US dollar next week as investors were expected to remain cautious over the economic uncertainty and political tension in Ukraine, a dealer said.

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Digital Economy In Good Position - MDeC

MDECPETALING JAYA: Malaysia’s digital economy is in a good position with the information communication technology sector contributing 12 per cent of the national gross domestic product (GDP).

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Shell Hopes Govt Can Enhance Competitiveness Within O&G Sector

royal-dutch-shell-plc-logoMIRI: Shell hopes the Malaysian government can enhance competitiveness of the oil and gas sector by looking into reducing costs.

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