Category: Finance

KUALA LUMPUR, Feb 27 — The Malaysian government today announced that two Abu Dhabi companies have agreed to settle legal proceedings involving 1Malaysia Development Berhad (1MDB) by paying US$1.8 billion (RM8 billion) to Malaysia. The Finance Ministry said its Minister of Finance (Incorporated) (MoF Inc) and 1MDB have reached a settlement regarding their dispute with […]

PETALING JAYA: The International Petroleum Investment Company (IPIC) and Aabar Investments PJS (Aabar PJS) have agreed to pay US$1.8bil (RM8.06bil) to the Minister of Finance (Incorporated) and 1Malaysia Development Berhad (1MDB). “The Finance Ministry is pleased to announce that the Minister of Finance (Incorporated) and 1Malaysia Development Berhad have reached a settlement regarding their dispute […]

This edition launches our 2023 Quarterly Roundtable Series, which will appear in print, online and on video. The series is sponsored by iSynergy, a digital marketing agency based in Canfield that provides branding, web design, content marketing and search engine marketing services. Participants in the Business Technology Roundtable, held Feb. 7 at the Courtyard by Marriott in […]

New Delhi [India], February 27 (ANI): Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday announced the appointment of Shailesh Pathak as its secretary general. Pathak will take over the position starting March 2023. Also Read | #WATCH | Aam Aadmi Party Workers Protest Against the Arrest of Delhi Deputy CM […]

By Gloria Methri Today AI-Powered Decisioning Blue Motor Finance FinTech FinTech lender Blue has announced a new partnership with Zinia, the Decision Intelligence company, to supercharge AI-driven decisions across the business. Blue is a technology-focused lender delivering innovative motor finance solutions to more than 260,000 customers. Leveraging Zinia’s Decision Intelligence AI platform, Blue will enhance […]

Small finance banks (SFBs) continue to offer the highest interest rates, ranging from 8 per cent to 9 per cent on fixed deposits (FDs) to general citizens. Do remember that deposits under the small finance banks are also covered by the insurance of Deposit Insurance and Credit Guarantee Corporation (DICGC). Simply put, your FDs of […]

Small and medium-sized business operators looking to procure solar energy solutions can acquire a medium-term loan from the National Export-Import (Exim) Bank of Jamaica to finance this undertaking. Borrowers can secure between a minimum of $5 million to a maximum $50 million at an interest rate of 7.5 per cent. The bank has already earmarked […]

Liquid staking protocol Lido Finance has pushed the big red button in order to activate a protocol safety feature called “Staking Rate Limit” after more than 150,000 Ether was staked with the protocol in a single day. Lido is a liquid staking solution for digital assets, in this case allowing users to stake Ether (ETH) […]

Opinion With the new car market in turmoil, drivers are increasingly investing in used buys, says Paul Horrell Turn on Javascript to see all the available pictures. For almost three years it’s been omni-turmoil. You know the causes, but indulge me with the drama of spelling them out. A pandemic, chaos in supply chains, a […]

While workers’ pay packets are growing at the fastest pace in a decade, profits are still rising even faster, according to official data. Key points: Profits grew 10.6 per cent in the December quarter, versus a 2.6 per cent rise in total wages and salaries Wage and salary increases slowed down later in 2022 The […]