Influx Of Chinese Investors Interested In Malaysian Properties
There is an influx of Chinese investors interested in the Malaysian property market, says London-based global property consultancy agency, Knight Frank LLP. Asia Pacific Research Head, Nicholas Holt said this year was one of the busiest with a lot of Chinese investors aggressively discussing with the agency. “There are a lot of China-based manufacturers, as well as other sectors that have set foot in Malaysia, and most are very positive in doing business in Malaysia”.
Maybank IB Research maintains positive outlook for construction sector
Maybank IB Research is maintaining a positive outlook for the construction sector, backed by potential flow of job awards, which is expected to pick up again in the second half of 2017 and into 2018. Based on historical trends, infrastructure job awards would pick up in the second half, expecting the major packages of the Klang Valley Light Railway Transit 3 to kick off first. The tabling of 2018 Budget on Oct 27, 2017 is a key event to reaffirm infrastructure development with financing from direct government development expenditure and off the government’s balance sheet.
Branding Association Eyes 600 Participants for Entrepreneurs’ Conference 2017
The Branding Association of Malaysia is targeting 600 participants, including local businessmen and entrepreneurs for the Brand Entrepreneurs’ Conference 2017, to be held on August 7. President Datuk Eric Chong said this year’s conference would attract more young entrepreneurs and businessmen as it would focus on business digitalisation, among others. Organised by the association in collaboration with the Malaysia External Development Corporation (MATRADE), the conference would be supported by the Ministry of International Trade and Industry. Themed, ‘Sailing in Uncharted Waters – Opportunities & Threats in This Ever Changing World’, the conference aimed to inspire the local business community by giving them the opportunity to learn from and interact with upcoming business leaders and successful local entrepreneurs.
Singapore to help workers land jobs in five growth sectors
Singapore’s government has identified five industries as potentially major sources of job openings in the years ahead. Manpower Minister Lim Swee Say said more would be done to help jobseekers land these positions. The five industries are financial services, professional services, healthcare, wholesale trade and infocomm and media.
Volvo Cars profit rises, plans tech-sharing Geely venture
Sweden’s Volvo Cars sold more vehicles in Europe and China in the first half that helped drive up earnings 21 per cent. The company said it would set up a joint venture with its Chinese parent to share technology with other brands in the Geely group.
Volvo Car Group, one of Sweden’s biggest companies by revenue, posted operating earnings of 6.8 billion Swedish crowns (RM3.5 billion) for the six months to June 30, against 5.6 billion crowns in the same period last year. The company aims to reach sales of 800,000 cars within the next few years.