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Bison Consolidated in segment with less competition: Maybank IB Research

Bison Consolidated in segment with less competition: Maybank IB Research

KUALA LUMPUR: Maybank IB Research is keeeping its buy call on Bison Consolidated Bhd with a target price of RM2.25 as the firm has seen 1QFY17 revenue grow and is a player in the convenience retail channel space where there is less competition. The research house said that Bison’s 1QFY17 was within expectations and it […]

March 29, 2017 | By | Reply More
Malaysia to establish more trade ties with UK post-Brexit

Malaysia to establish more trade ties with UK post-Brexit

KUALA LUMPUR: Malaysia is open to the possibility of establishing more trade ties with the UK post-brexit, said International Trade and Industry Minister II Datuk Seri Ong Ka Chuan. “We hope we can work with the UK to achieve some trade integration, whether Malaysia-UK direct or through the Commonwealth platform,” he told reporters at the […]

March 29, 2017 | By | Reply More
Ringgit trading slumps 70% as investors stay away

Ringgit trading slumps 70% as investors stay away

Officials are looking at easing rules on short-selling of government debt after the crackdown saw global funds withdraw more than RM35 billion out of Malaysian sovereign bonds in four months through February. KUALA LUMPUR: Malaysia is succeeding in snuffing out currency speculation — now it has to deal with the fallout. Offshore trading in ringgit […]

March 29, 2017 | By | Reply More
Toshiba's Westinghouse to file for Chapter 11: Japan govt

Toshiba's Westinghouse to file for Chapter 11: Japan govt

TOKYO: Toshiba Corp’s troubled U.S. nuclear unit Westinghouse intends to file for Chapter 11 protection from creditors, Japan’s government said on Wednesday, as the conglomerate seeks to limit losses that have plunged it into crisis. Yoshihide Suga, the government’s chief spokesman, told a regular news briefing he was aware that Pittsburgh-based Westinghouse plans a bankruptcy […]

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US firms upbeat on Malaysia prospects

US firms upbeat on Malaysia prospects

KUALA LUMPUR: AMERICAN corporates are upbeat about their future investments in Malaysia, especially with the digital economy agenda, which they believe will lift the Malaysian economy to new heights. The current investment environment looked good, backed by a solid economy, said the US-Asean Business Council. “The digital economy will accelerate the growth of investments further […]

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AirAsia expected to successfully navigate challenging times

AirAsia expected to successfully navigate challenging times

AffinHwang Capital upgrades AirAsia to a ‘buy’ recommendation based on its prospects, including the upcoming sale of its leasing unit for possibly RM4.4 billion. KUALA LUMPUR: AffinHwang Capital is confident about the prospects of AirAsia, despite an expected “challenging” year for the industry. It has upgraded AirAsia to a “buy” recommendation, according to a report […]

March 29, 2017 | By | Reply More
Ringgit opens weaker against US dollar

Ringgit opens weaker against US dollar

KUALA LUMPUR: The ringgit opened weaker against the US dollar today on mild profit-taking and lack of demand for the local note. At 9.28 am, the ringgit was quoted at 4.4170/4220 versus the greenback against 4.4120/4150 on Tuesday. A dealer said some traders took profit, as technically, the local unit had gained sharply recently. “The […]

March 29, 2017 | By | Reply More
Bursa Malaysia opens higher

Bursa Malaysia opens higher

KUALA LUMPUR: Bursa Malaysia opened higher today on strong buying support, in line with the regional markets as the rally on Wall Street overnight improved investor sentiment and risk appetite. At 9.13am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,758.97, up 4.55 points from 1,754.42 on Tuesday’s close. Earlier, the index opened […]

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4.67m passengers passed through Changi Airport in February

4.67m passengers passed through Changi Airport in February

SINGAPORE: Changi Airport handled 4.67 million passengers in February this year, 1.5 per cent more than the same time last year, the Changi Airport Group (CAG) said in its press release on Wednesday (Mar 29). Passenger traffic for the month remained stable compared to a year ago, which saw travel boosted by the Chinese New […]

March 29, 2017 | By | Reply More
Aramco tax cut lifts company’s value by $1 trillion, analyst estimates

Aramco tax cut lifts company’s value by $1 trillion, analyst estimates

That is good news for the Saudi government, which hopes to raise money to cover a $79 billion budget deficit and invest in new industries as it tries to diversify the economy in an era of low oil prices. JEDDAH: Saudi Arabia’s decision to cut tax paid by national oil giant Saudi Aramco has increased […]

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