Recent Articles

Fajarbaru eyes ECRL sub-contract jobs

Fajarbaru eyes ECRL sub-contract jobs

KUALA LIPIS, PAHANG: Fajarbaru Builder Group Bhd, which is undertaking railway rehabilitation works for Keretapi Tanah Melayu Bhd (KTMB) along the Mentakab and Gua Musang stretch, hopes to win sub-contract jobs from the East Coast Rail Link (ECRL) project. “The machinery we received today have a shelf life of at least 20 years, which means […]

August 18, 2017 | By | Reply More
'2017  growth  outlook  likely to be   revised higher'

'2017 growth outlook likely to be revised higher'

KUALA LUMPUR: Malaysia’s economic growth projection for this year will likely be revised upwards, given the solid expansion in the second quarter, said economists.

August 18, 2017 | By | Reply More
Fitch Ratings affirms 'A-' rating for Malaysia with stable outlook

Fitch Ratings affirms 'A-' rating for Malaysia with stable outlook

KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign and local-currency issuer default rating (IDRs) at ‘A-‘ with stable outlook. In a statement today, the credit ratings agency said, Malaysia’s rating was supported by strong gross domestic product (GDP) growth compared with the median of ‘A’ category peers, sustained current account surpluses and the country’s […]

August 18, 2017 | By | Reply More
Fitch affirms ‘A-‘ rating for Malaysia with stable outlook

Fitch affirms ‘A-‘ rating for Malaysia with stable outlook

Ratings agency says Malaysian banks’ assets quality and capitalisation levels remain reasonably healthy. KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign and local currency issuer default rating (IDRs) at “A-” with stable outlook. In a statement, the credit ratings agency said Malaysia’s rating was supported by strong gross domestic product (GDP) growth compared with […]

August 18, 2017 | By | Reply More
YouTube TV expands to 14 new markets, partners with Sinclair stations

YouTube TV expands to 14 new markets, partners with Sinclair stations

YouTube said it now leads its live TV streaming competitors in carrying the most local broadcast stations in the markets where YouTube TV is available. NEW YORK: Alphabet Inc’s Google has expanded its YouTube TV streaming service into 14 new U.S. markets to reach half of American households, with an additional 17 markets to launch […]

August 17, 2017 | By | Reply More
Hyundai plans long-range premium electric car in strategic shift

Hyundai plans long-range premium electric car in strategic shift

Toyota is now also working on longer distance, fast-charging electric vehicles, local media have reported. SEOUL: Hyundai Motor Co said on Thursday it was placing electric vehicles at the center of its product strategy – one that includes plans for a premium long-distance electric car as it seeks to catch up to Tesla and other […]

August 17, 2017 | By | Reply More
Buyout firms readying sale of $1 billion Indonesia tower operator STP

Buyout firms readying sale of $1 billion Indonesia tower operator STP

STP is Indonesia’s third biggest independent telecoms tower operator and has a market value of 7.40 trillion rupiah ($553 million). SINGAPORE/JAKARTA: Buyout firms Carlyle and Southern Capital Group are in talks to sell their majority stake in Solusi Tunas Pratama in a deal that could value the Indonesian telecoms tower operator at about $1 billion, […]

August 17, 2017 | By | Reply More
Alibaba beats on earnings as e-commerce remains core revenue driver

Alibaba beats on earnings as e-commerce remains core revenue driver

Alibaba’s revenue rose to 50.1 billion yuan ($7.51 billion)for the three months ended June 30, compared with analysts’ average estimate of 47.7 billion yuan BEIJING: Alibaba, China’s top e-commerce firm, beat analyst estimates with a 56% rise in first-quarter revenue, driven by strong online sales. Thursday’s results show that Alibaba Group Holding Ltd, one of […]

August 17, 2017 | By | Reply More
E-commerce marketplace Shopee to monetise platform, starting with paid ads

E-commerce marketplace Shopee to monetise platform, starting with paid ads

KUALA LUMPUR: E-commerce marketplace Shopee, which plans to start monetising its platform by introducing paid ads this year, wants to be the “Alibaba of Southeast Asia” and become Southeast Asia’s mobile commerce destination of choice. Although it is focusing on growing rather than monetising now, Shopee regional managing director Ian Ho (pix) said the company […]

August 17, 2017 | By | Reply More
Fitch affirms Malaysia at 'A-' with stable outlook

Fitch affirms Malaysia at 'A-' with stable outlook

PETALING JAYA: Fitch Ratings has affirmed Malaysia’s long-term foreign- and local-currency issuer default ratings (IDRs) at ‘A-’ with a stable outlook, supported by strong gross domestic product (GDP) growth. The rating agency said in a statement yesterday that Malaysia’s GDP growth is strong compared with the median of ‘A’ category peers. The rating is also […]

August 17, 2017 | By | Reply More