Rab, Sep

Our ringgit notes signature will soon be changed when Tan Sri Zeti confirmed that she will vacate her position until her contract expires in April 2016. Speculations among rumour mongers had it touted that she was under immense pressure to release her position much earlier when major national economic issues and in particular the Ringgit Malaysia hits to its lowest level since 1998.

Speculations may also go as wild as the shortcomings in her leadership to the government linked investment company 1MDB IPO failed listing until it was propagandised by local and foreign medias as ‘debt-laden’ and Zeti is seen not done enough to remedy the situation. Should one thing leads to another and rumours may turned out to be true, it is best that Tan Sri Zeti just complete her another 2 months in the office.

Tan Sri Zeti has recently determined that a certain criteria must be met for the new governor in succeeding her position. These criterias were defined by the Bank Negara governance committee as stated in the Central Bank of Malaysia Act 2009 and she specifically emphasized that the candidate should not be from any political linked such as a senator, assemblyman or member of parliament and

SAN FRANCISCO : Crude oil prices are likely to stabilise at the current US$30-40 a barrel and as such there is no need to make any more budget adjustments, Prime Minister Datuk Seri Najib Razak said. 

But should prices dip below US$30, then the government may re-look at its fiscal position, Najib told reporters covering his US trip to California. 

Najib had in January recalibrated the 2016 Budget, taking into account the sharp drop of world oil prices. 

As such, the government revised the

Malaysian Prime Minister Datuk Seri Najib Tun Razak has been accorded the honour to address the US-ASEAN Leaders' Summit in Sunnylands, California, during the opening ceremony on Monday (Tuesday in Malaysia).

Malaysian Ambassador to the United States Datuk Dr Awang Adek Hussin said Wednesday (Thursday in Malaysia) that Kuala Lumpur was given the honour due to its role as the coordinating country for US-ASEAN relations for the 2015-2018 period.

United States President Barack Obama was also

AUCKLAND : Businesses in Malaysia, including small and medium scale enterprises, are looking forward to greater market access opportunities under the just-signed Trans-Pacific Partnership Agreement, Minister of International and Industry Datuk Seri Mustapa Mohamed said here Thursday.

He said the textile, electrical and electronics, palm oil and rubber industries were also among sectors that were keen to exploit opportunities arising from an expanded market and lower tariffs under the new

SAN FRANCISCO : Finisar Corporation, a leading US technology company, is very upbeat on Malaysia and will invest a further RM400 million to expand its Malaysian operations in Perak. 

Finisar, which has invested US$160 million in Perak so far, may not be a household name but the company’s contribution to Perak’s economy is enormous.

It is the biggest employer among multinational firms operating in Perak with 7,000 workers. 

And it contributes 25 per cent of Perak’s manufacturing GDP and five

KUALA LUMPUR : The Employees Provident Fund (EPF) is set to launch its pioneer fully shariah-compliant fund in January 2017 as an option for contributors interested in converting their savings to full shariah compliance status.

Deputy Chief Executive Officer (Investment) Datuk Mohamad Nasir Ab Latif said the initial fund size would be between RM100 billion and RM120 billion.

"The fund is going to be on a first come, first served basis as I don't think we can accommodate everyone.

"We are

KUALA LUMPUR : The Trans-Pacific Partnership Agreement (TPPA) took five years and 19 rounds of negotiations before it was concluded on Oct 5, 2015.

The deal is aimed at freer trade by reducing tariffs, improving markets access and setting common ground for labour and environmental standards and intellectual property protections.

The twelve countries namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States and Vietnam represent 40 per cent

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