Category: Business

KUALA LUMPUR, Ralph Lauren Corporation (Ralph Lauren) has issued a statement addressing recent media reports in Indonesia relating to disputes between PT Manggala Putra Perkasa and other parties in the country. In a statement, Ralph Lauren clarified that PT Manggala Putra Perkasa, operating under the name ‘Polo Ralph Lauren Indonesia’, is not affiliated with or related to Ralph Lauren in any way and that these disputes do not involve Ralph Lauren. The company currently does not directly operate any stores in Indonesia, nor has it authorised or entered into an agreement with any partner or distributor to operate any ‘Polo

KUALA LUMPUR, Tanjung Bruas Port Sdn Bhd (TBPSB) has no plans to turn Tanjung Bruas Port (TBP) into a sea air cargo hub at this time, according to the Ministry of Transport (MoT). In a written response published on the Parliament website on Tuesday, the MoT stated that TBPSB, the port operator at TBP, does not handle any import or export cargoes via airports (Kuala Lumpur International Airport, Subang, and Senai). “As the main gateway for import and export to Melaka, TBP has great potential to expand and become a main multi-purpose port for Melaka, Negeri Sembilan, and northern Johor,”

KUALA LUMPUR, Sarawak has attracted RM4.2 billion in approved investments in the first quarter of 2024 (1Q 2024), a key part of national growth story following the launch of the New Industrial Master Plan (NIMP) 2030. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said this ranks the state at fourth place in terms of value of investment flow. He said the key achievements since NIMP 2030’s launch almost a year ago include approved investments valued at RM329.5 billon recorded by Malaysia in 2023, potentially creating almost 130,000 jobs. ‘(We also achieved) approved investments of RM83.7 billion

KUALA LUMPUR, The aerotrain service at the Kuala Lumpur International Airport (KLIA) is expected to be operational in the first quarter of 2025, according to the Transport Ministry (MOT). This is in line with the aerotrain replacement plan at Terminal 1, KLIA, scheduled to be completed by Jan 31, 2025, it said. “MOT and Malaysia Airports Holding Bhd (MAHB) are committed to ensuring that the aerotrain replacement plan runs according to the set timeline,” MOT said on the Parliament website on Tuesday in response to Mohd Nazri Abu Hassan (Perikatan Nasional-Merbok) on the status of the KLIA aerotrain replacement including

KUALA LUMPUR, Malaysia’s banking sector is likely to stand firm against economic headwinds with the sector’s asset quality closely correlated to employment given its large share of household loans, according to the latest SandP Global Ratings midyear outlook 2024 report ‘Searching for calmer waters’ released today. In a country-by-country report on global banks, the credit ratings provider said ‘high household leverage poses some risk’ although stable employment and adequate household financial assets are mitigating factors. It also said banks have material exposure to the real estate sector and construction, at about eight per cent of total loans. ‘Oversupply in the