My Sinchew/ Business

China's Xi attempts to reassure on Asian investment, economy

China's President Xi Jinping said Saturday that Beijing's new Asian investment schemes do not aim to displace existing regional programmes, after US scepticism about the Beijing-backed AIIB bank.

Ringgit likely to be volatile next week

The ringgit is expected to be volatile against the US dollar next week amid the upbeat outlook for Malaysia's economic fundamentals versus favourable sentiment skewed towards US economy.

US Q4 economic growth slows

U.S. economic growth decelerated in the fourth quarter of 2014 and is likely to slow further in the first quarter of 2015 despite robust consumer spending, the U.S. Commerce Department said Friday.

CI to trade higher next week

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade higher next week, tracking reduced geopolitical tensions and broad commodities strength driven by US dollar retreat and positive external factors.

AirAsia X confident of turnaround this year

Long-haul budget carrier AirAsia X Bhd is optimistic of making a turnaround this year with the implementation of a capacity management and restructuring exercise.

Pikom sees short-term GST impact on ICT sector

The National ICT Association of Malaysia (Pikom) believes Malaysia's information and communications technology (ICT) sector is still poised to generate RM95 billion in revenue by 2017 despite the initial slowdown due to the market's reaction to the Goods and Services Tax (GST).

ADB projects 8.3% growth for Myanmar

The Asian Development Bank (ADB) forecasts Myanmar will see gross domestic product (GDP) growth of 8.3 percent in the fiscal year 2015-2016.

Jan unemployment rate higher at 3.1%

Malaysia's unemployment rate in January 2015 rose marginally to 3.1 per cent from three per cent the previous month, the Statistics Department said.

ADB ready to collaborate with China-led AIIB

The Asian Development Bank (ADB) is ready to collaborate with China-led Asian Infrastructure Investment Bank (AIIB) to finance infrastructure development in the region.

Spending of IT enterprises at RM40.6bn

American technology research company, Gartner Inc, projects the spending of Information Technology (IT) enterprises in Malaysia to be at US$12.6 billion (RM40.6 billion) in 2015.