Ministry of International Trade and Industry Media Statement on Budget 2020

KUALA LUMPUR, Oct 14 (Bernama) — It is a great honour for me as the Minister of International Trade and Industry to be here at the tabling of Budget 2020, themed “Driving Growth and Equitable Outcomes Towards Shared Prosperity.” We take note that the IMF in July 2019 projected world growth…

AM Best Revises Outlooks to Stable for Capital Life Insurance Company Limited

SINGAPORE, Oct 14 (Bernama-BUSINESS WIRE) — AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of C- (Weak) and the Long-Term Issuer Credit Rating of “cc” of Capital Life Insurance Company Limited (CLI) (Papua New Guinea). The ratings reflect CLI’s balance sheet strength,…

Foreign firms expand in Tianjin Binhai New Area over sound investment services

TIANJIN, China, Oct 14 (Bernama-AsiaNet) — Tianjin Binhai New Area’s sound regional supporting facilities and superior investment service environment have attracted a large number of foreign-funded enterprises to settle down and develop. PPG Coatings (Tianjin) Co., Ltd. settled down in Tianjin Economic-Technological Development Area (TEDA) in 1994, and has gradually…

Budget 2020 Measures Highly Relevant To Malaysia’s Future Growth Trajectory, Says Mia

KUALA LUMPUR, Oct 11 (Bernama) — OVERALL PERCEPTIONBudget 2020 is clearly designed to grow the Malaysian economy sustainably and to future-proof key stakeholders for the digital revolution and developments.ADVOCATING DIGITAL TRANSFORMATIONBudget 2020’s measures to accelerate the digital economy are timely and aligned with MIA’s aspiration for its members to play a…

Megazone Cloud Signs Joint Venture with LG CNS

SAN JOSE, Calif., Oct 11 (Bernama-GLOBE NEWSWIRE) —Megazone Cloud, one of the largest AWS partners in the Asia Pacific region, today announced it had signed a joint venture agreement with LG CNS, a subsidiary of LG Corporation that specializes in information technology (IT) and headquartered in Korea, to help companies…

Informa Pharma Intelligence Launches New Product Citeline Engage

LONDON, Oct 11 (Bernama-GLOBE NEWSWIRE) — Informa Pharma Intelligence today announces Citeline Engage, a new solution allowing contract research organizations (CROs) and sponsors to optimize site selection and increase trial efficiencies to accelerate clinical trial timelines and enable a faster path to market for drugs. Citeline Engage is a first-to-market solution designed…

Kumpulan Perangsang Selangor Berhad’s Unit Acquires Majority Stake in Offset Carton Manufacturer for RM21.25 Million

SHAH ALAM, Oct 11 (Bernama) — Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor” or “the Group”) (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) expects to enhance its profitability on an enlarged earnings base with the recent acquisition of Taspack Industrial Sdn Bhd (“Taspack” or “the Company”). Taspack is involved in an…

Triumphant Finale for IGEM 2019

KUALA LUMPUR, Oct 11 (Bernama) — Reinforcing its position as the region’s most powerful green technology, business and innovation platform, the 10th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2019 hosted a befitting finale to celebrate its double success of surpassing this year’s targets and securing a significant number…

Commentary by KPMG in Malaysia: Budget 2020: Driving Growth and Equitable Outcomes Towards Shared Prosperity

KUALA LUMPUR, Oct 11 (Bernama) — The 2020 Budget was announced by YB Tuan Lim Guan Eng on 11 October 2019.Whilst there was significant anticipation on a possible return of Goods and Services Tax, there must have been a sense of relief from the public when it was announced that the…

Statement By Tengku Dato´ Sri Zafrul Aziz On Malaysia´s Budget 2020

KUALA LUMPUR, Oct 11 (Bernama) — This is a budget that truly reflects the government’s shared prosperity vision, carefully curated to benefit the Rakyat across all major races, and main segments like the SMEs and the B40. We laud the sharper focus on advancing the nation’s digital transformation, while also ensuring…