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Japanese footballer Honda founds venture fund with Will Smith

Japanese footballer Honda founds venture fund with Will Smith

The Dreamers Fund aims to invest in startups addressing social problems. Will Smith (L); Keisuke Honda (R) (Reuters pic) TOKYO: Japanese footballer Keisuke Honda is swapping football for finance, after launching a venture capital fund with Hollywood star Will Smith to invest in startups addressing social problems, the striker’s agent said Wednesday. The Dreamers Fund, […]

July 18, 2018 | By | Reply More
Cryptocurrency rally builds steam as Bitcoin surpasses US$7,500

Cryptocurrency rally builds steam as Bitcoin surpasses US$7,500

The cryptocurrency last traded above US$7,500 on June 8, before getting caught in a sector-wide sell-off that erased about US$42 billion of market value the following weekend. A bitcoin logo sits on a LL 1800W power unit supplying cryptocurrency mining machine. (Bloomberg pic) PORTLAND: Cryptocurrencies extended their rebound on Wednesday as Bitcoin traded above US$7,500 […]

July 18, 2018 | By | Reply More
Maxis Q2 earnings fall 16.4%, declares 5 sen dividend

Maxis Q2 earnings fall 16.4%, declares 5 sen dividend

PETALING JAYA: Maxis Bhd’s net profit declined 16.4% to RM478 million for the second quarter (Q2) ended June 30, 2018 compared with RM572 million in the previous corresponding period, due to lower revenue and higher operation cost. Revenue was down by 3.8% to RM2.25 billion from RM2.34 billion. The telco has proposed to declare an […]

July 18, 2018 | By | Reply More
June inflation rate moderates to 0.8%, the lowest in 40 months

June inflation rate moderates to 0.8%, the lowest in 40 months

PETALING JAYA: Malaysia’s inflation stood at 0.8% in June 2018, the lowest growth in the past 40 months following the abolishment of the Goods and Services Tax (GST) to zero rated starting June 1, according to the Department of Statistics. This coupled with discounted price by retailers and the price control scheme for 22 selected […]

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Prudential BSN Takaful aims for 1 million customer base

Prudential BSN Takaful aims for 1 million customer base

KUALA LUMPUR: Prudential BSN Takaful (PruBSN) is hoping to increase its customer base to one million with two of its new takaful packaged solutions namely the PruBSN Setia and PruBSN Impian, which provide customisable and comprehensive protection. The takaful operator’s current customer base stands at around 850,000. The targeted increase is expected to be further […]

July 18, 2018 | By | Reply More
MAA cuts TIV forecast by 0.8% to 585,000 units for 2018 on concerns over SST

MAA cuts TIV forecast by 0.8% to 585,000 units for 2018 on concerns over SST

PETALING JAYA: The Malaysian Automotive Association (MAA) has revised downwards its total industry volume (TIV) forecast by 0.8% for 2018 to 585,000 units from 590,000 units projected earlier this year, mainly due to concerns on the reintroduction of the sales and services tax (SST). MAA president Datuk Aishah Ahmad said prices of vehicles are expected […]

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Oil prices drop amid surprise jump in US stockpiles

Oil prices drop amid surprise jump in US stockpiles

Oversupply quickly returned, with a rise of more than 600,000 barrels in US crude stockpiles Oil storage tanks at sunrise with the Rocky Mountains and the Denver downtown skyline. (Reuters pic) TOKYO: Oil prices dropped on Wednesday after an industry group reported that US crude inventories rose last week, defying analyst expectations for a significant […]

July 18, 2018 | By | Reply More
Tesla bull tells Elon Musk to temper his ‘concerning’ behaviour

Tesla bull tells Elon Musk to temper his ‘concerning’ behaviour

Gene Munster, a managing partner at venture capital firm Loup Ventures, wrote an open letter to Tesla’s chief executive officer Tuesday to tell Musk that his conduct the last six month has been concerning. Tesla CEO Elon Musk attends The Boring Co. information session. (Bloomberg pic) SOUTHFIELD: One of Tesla Inc.’s biggest bulls is offering […]

July 18, 2018 | By | Reply More
Bursa Malaysia opens easier in early session

Bursa Malaysia opens easier in early session

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.00 points weaker at 1,732.28 from Tuesday’s close of 1,737.28. Bursa Malaysia. (Reuters pic) KUALA LUMPUR: Bursa Malaysia opened easier this morning in tracking regional trends and amid the momentarily muted US-China trade tussle. At 9.20 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was […]

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China bourses agree to work towards adding dual-class shares to trading link

China bourses agree to work towards adding dual-class shares to trading link

HKEX to set up a working group with the Shanghai and Shenzhen exchanges to formulate specific programmes and rules for the inclusion of dual-class shares in the trading link. The name of Hong Kong Exchanges and Clearing Limited is displayed at its entrance in Hong Kong, China, January 2018. (Reuters pic) HONG KONG: The Hong Kong […]

July 18, 2018 | By | Reply More