My Sinchew/ Business

Top one percent control a third of China's wealth - report

The top one percent of households in Communist-ruled China control more than one third of the country's wealth, while the bottom 25 percent control just one hundredth, official media said, citing an academic report.

CI to move between 1,860 and 1,880 next week

The FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to move between 1,860 and 1,880 points next week as the improving global economic conditions are unlikely to lift investor confidence.

May unemployment remains at 2.9%

Malaysia's unemployment rate remained unchanged at 2.9 per cent for May 2014 from April.

MAS should acquire AirAsia to resolve financial woes: former MD

Former Malaysian Airline System Bhd (MAS) Managing Director, Tan Sri Abdul Aziz Abdul Rahman has suggested that the ailing carrier acquire profit-making AirAsia Bhd as a strategy to resolve its financial woes and return to profitability in the long term.

GST to generate additional RM3bn revenue in first year

The government expects to earn an additional revenue of RM3 billion in the first year the Goods and Services Tax (GST) introduction starting April next year, Deputy Finance Minister Datuk Ahmad Maslan said.

Asia's rising economies urged to curb income inequality

As rapid economic growth improves average income level in Asian economies, most emerging economies in the region have seen a staggering rise in income inequality and prompting analysts to urge concrete steps to address the issue.

Japan runs record trade deficit Jan-June

Japan logged a customs-cleared trade deficit of 7,598.4 billion yen (about US$74.9 billion) in January-June, a record deficit for the six-month period.

Double disaster will not have long-term impact on MAS, economy: economist

Despite being struck by two tragedies within a short span of time, Malaysia Airlines will continue to survive in the longer term, says Head of Investment Strategy and Chief Economist, AMP Capital Investors, Dr Shane Oliver.

No merger with RHB, MBSB if there are unfavorable risks: Nazir

CIMB Group Chief Executive Datuk Seri Nazir Razak said that there will be no merger between the bank, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) if there are any possible unfavourable risks.

AEC to boost Asean bargaining power: economist

A world-class economist, Richard Duncan, who formerly worked for the US-based World Bank and chief economist at Singapore's Blackhorse Asset Management, foresees that the formation of the Asean Economic Community (AEC) by the end of 2015 should boost the bargaining power of Asean member countries, including Thailand, Thai News Agency (TNA) reported.