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Tag Archives: business

Alibaba injects US$1 billion to increase stake in Lazada

Thursday, 29 June 2017   KUALA LUMPUR: Alibaba Group Holding Limited will invest approximately US$1 billion to increase its stake to approximately 83% in Lazada Group, the leading e-commerce platform in Southeast Asia. In a statement today, Alibaba said the transaction demonstrated the continued success of Lazada’s business and Alibaba’s …

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Increased awareness in business zakat obligation

Monday, 8 May 2017 PUTRAJAYA: Muslims in Malaysia are now more aware of their religious obligation in paying business zakat (tithe), said Federal Territories Islamic Religious Council Zakat Collection Centre (PPZ-MAIWP) chief executive officer, Mohd Rais Alias. This was evident as the Federal Territories business zakat collection had been increasing …

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Despite global economic issues, many sectors in Malaysia record positive growth

Saturday, 11 February 2017 PETALING JAYA: Various sectors in Malaysia recorded positive growth despite global economic uncertainties, raking in billions of ringgit in revenue in the final quarter of last year. The services sector amassed RM368 billion in the fourth quarter of last year, followed by manufacturing (RM61.5 billion), and …

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