Tuesday, April 25, 2017
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Malaysian finance/business

A couple of days ago, I received a phone call from an officer at a local bank regarding my application for a banking facility. Apart from wanting to know some basic personal and employment details, the officer enquired: "May...
Update (31 October 2014): This site now seems to be accessible via Digi. Several Digi users have complained to me they are unable to access this site for some reason since yesterday morning. They have no problems accessing other...
A man was shot dead by a security guard at the AmBank branch at Jalan Sungai Dua in Gelugor, Penang during an attempted robbery this morning, according to a police personnel at the scene. Plain-clothes and uniformed police personnel...
This is yet another deserted mall in Penang. This place in Bayan Baru used to be bustling with eateries. No longer. Fewer people can afford to eat out? A glut in property? Blog visitor Michael writes: It is because ‘development’ in...
Work on the tunnel has not even begun but already the wheeling and dealing behind the scenes is taking place in earnest. Ewein Bhd is holding an EGM today to discuss its diversification into property development. Ahead of the...
Despite a host of concerns and objections raised by civil society groups and fisherfolk in the state, the Penang State Planning Committee has "endorsed" E & O's controversial masterplan for Phase 2 of the Seri Tanjung Pinang land reclamation...
Property magnates are profiting from a spate of lucrative land reclamation projects around the country - but in Penang, a body representing the concerns of fisherfolk are concerned about the effects of land reclamation, pollution, siltation and erosion in...
Penang tunnel consortium member Zenith Construction Sdn Bhd could be exploring a joint-venture opportunity with an obscure firm, ETI Tech Corp Bhd, reports a business weekly. "We have not ascertained the form the venture will take, but it is...
Something strange is happening at 1MDB that has left many analysts stumped. 1MDB has managed to secure a six-month extension on a loan repayment of RM6.1bn that had fallen due. That was the second time it had sought an...
The wide distribution of shadow banking package by non-banking financial institutions has encouraged the build-up of household debt from 67 per cent of GDP in 2007 to 87 per cent in 2013. The attached piece was first published...
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