Feisal shared that Malaysia — which has a population of over 30 million — won’t be affected by consolidation in the banking sector and opined that escalating costs have hindered the small players in the sector from innovating. - A + A KUALA LUMPUR (Aug 15): A consolidation among the banking sector in the country makes a lot of sense in order to push for greater innovation in the sector, according to Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir. At the virtual Bursa Malaysia-Maybank Virtual Series on Monday (Aug 15), Feisal was asked to share his views on the topic of consolidation among the banks in the country. Feisal shared that the country — which has a population of over 30 million — won’t be affected by consolidation in the sector and opined that escalating costs have hindered the small players in the sector from innovating. “When you look at the industry itself, compliance costs are getting huge and then you’ve got capital … [Read more...] about Consolidation among banks makes sense to push for greater innovation in the sector, says Khazanah MD
When leasing a car makes sense
Share to Twitter Share to Linkedin Hyundai has found success in electric vehicles in recent years, which now make up 14 percent of the brand’s U.S. sales in a market where EV share is around 4 percent. But the automaker’s real success story is found in its SUV product line, which included just two models 5 years ago. Now the company offers seven SUVs, and those models deliver 77 percent of Hyundai’s U.S. sales volume (versus 46 percent in 2018). These models are the driving force behind Hyundai’s growing U.S. market share, which now sits at 5 percent and continues to rise. Hyundai’s expanded SUV strategy was well under way when the company introduced its three-row Palisade SUV in 2019 as a 2020 model. The Palisade was quickly embraced by consumers, with high satisfaction scores and 70% of Palisade sales ringing in above $45,000 — confirming most buyers are going for the higher trim, highly equipped models. Its 291 horsepower V6, refined driving dynamics, and … [Read more...] about Updated 2023 Hyundai Palisade Leads Hyundai’s SUV Strategy
New York (CNN Business) The American economy didn't get the memo that it's supposed to already be in a recession. The brutal GDP report released on July 28, showing the economy had contracted for a second quarter in a row, led some to insist the much-feared recession had already arrived. The good, the bad and the unknown of the inflation news And in some ways that makes sense: Since 1948, every period of back-to-back quarters of negative growth coincided with a recession. But the recession-is-already-here argument has been severely undermined since that GDP report came out. A series of events in the past 10 days suggest those recession calls are, at a minimum, premature. Yes, the economy is cooling off after last year's gangbusters growth. But no, it does not appear to be suffering the kind of downfall that would qualify as a recession. Read More Consider the following developments: The economy added more than … [Read more...] about American recession fears collide with reality
Visibility is critical for career success. However, when many professionals get serious about being more visible, they focus solely on the relationship they have with their bosses, which is a big mistake . advertisement advertisement Your boss is one person in the hemisphere of stakeholders. While they do have some control over your career opportunities and growth, they are not the end-all be-all. Should you nurture this relationship? Absolutely! But if you are only focused on being visible and “seen” by your boss, your strategy will fall short. Your boss has their own priorities; while a good boss will want to see their employee excel, they are also likely focused on their own agenda. I’ve seen it time and time again where a boss moves on to a new role, new company, or (gasp) is fired, and all their direct reports are nervous because they don’t really have close connections with other people in the organization. Essentially, you don’t want to be in … [Read more...] about Why a ‘skip-level meeting’ is key to building your career
This article first appeared in The Edge Malaysia Weekly, on August 8, 2022 - August 14, 2022. - A + A THE recent increase in water tariffs for non-domestic users this year will only partially defray burgeoning operational costs and capital expenditures (capex), says Pengurusan Air Selangor Sdn Bhd (Air Selangor), which insists a further tariff review is essential to its long-term sustainability. The sole water operator for Selangor, Kuala Lumpur and Putrajaya says it is crucial for water tariffs to be periodically reviewed by Suruhanjaya Perkhidmatan Air Negara (SPAN) and set at a level that can sustain its operations over the long term. “As a water operator, Air Selangor needs stable and consistent capex investments to develop new water treatment plants to meet increasing demand, lay new pipes and replace old and ageing pipes. “Air Selangor’s financial sustainability remains highly dependent on water tariffs. The current tariffs are insufficient for us … [Read more...] about To sustain its operations, Air Selangor insists periodical tariff reviews needed
THE DOLLAR’S DEMISE? … WSJ : Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia. The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, the people said. The Saudis are angry over the U.S.’s lack of support for their intervention in the Yemen civil war, and over the Biden administration’s attempt to strike a deal with Iran over its nuclear program. Saudi officials have said they were shocked by the precipitous U.S. withdrawal from Afghanistan last year. EXAMINER : In blow to Biden, Saudi … [Read more...] about Editor Daily Rundown: Will Americans Face The Dollar’s Demise?