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M’sian firm first to make investment in NextGlass Korea

M’sian firm first to make investment in NextGlass Korea

KL Management Services to invest USD20 million in the production of innovative glass panels using revolutionary patented technology. SEPANG: KL Management Systems (KLM), a chartered accountant firm, has made a name for itself by becoming the first Malaysian entity to invest in NextGlass Co Ltd, a Korean company that holds the revolutionary patented technology to […]

August 17, 2015 | By | Reply More
IndiGo confirms record order of 250 Airbus A320neos

IndiGo confirms record order of 250 Airbus A320neos

August 17, 2015 PARIS: Indian airline IndiGo has confirmed an order for 250 A320neo planes, Airbus announced Monday, the aviation giant’s largest ever contract by number. The order is worth some $26.5 billion (24 billion euros) at catalogue prices, and brings to 530 the number of A320 and A320neo medium-haul planes owned by the low-cost […]

August 17, 2015 | By | Reply More
Ibrahim Ali pelawa  Melayu kecewa sertai Perkasa

Ibrahim Ali pelawa Melayu kecewa sertai Perkasa

Orang Melayu sudah hilang kepercayaan kepada UMNO serta Pas dan nasib semakin terumbang-ambing dan tidak menentu manakala perpecahan makin parah. PETALING JAYA: Datuk Ibrahim Ali memperlawa orang Melayu dan Islam yang kecewa serta memilih untuk tidak berparti supaya menyertai pertubuhan bukan kerajaan (NGO). Perkasa. Katanya, Perkasa boleh dijadikan tempat mencari ketenangan di samping sama-sama mengembeling […]

August 17, 2015 | By | Reply More
Asia steady as yuan calms, dollar firm on upbeat data

Asia steady as yuan calms, dollar firm on upbeat data

TOKYO: Asian stocks were little changed on Monday as investors’ nerves continued to settle after China’s surprise yuan devaluation last week, while the dollar held modest gains against the euro after upbeat US economic data. MSCI’s broadest index of Asia-Pacific shares outside Japan were virtually unchanged in early trade. The index lost 2.6 percent last […]

August 17, 2015 | By | Reply More
China retreats to financial shadows to boost economic growth

China retreats to financial shadows to boost economic growth

SHANGHAI: On a sweltering day in August, the towering ferris wheel and massive roller coaster of China’s Jiyanghu Ecological Park, a two-hour train ride from Shanghai, stand eerily silent. Down a shady lane buzzing with cicadas, a security guard stands inside the near-deserted park’s administration building, its foyer featuring a reflecting pool and a two-storey-high […]

August 17, 2015 | By | Reply More
Japan economy shrinks in second-quarter in setback for ‘Abenomics’

Japan economy shrinks in second-quarter in setback for ‘Abenomics’

TOKYO: Japan’s economy shrank at an annualized pace of 1.6 percent in April-June as exports slumped and consumers cut back spending, a bad omen for Prime Minister Shinzo Abe’s policy drive to lift the economy out of decades of deflation. China’s economic slowdown and its impact on its Asian neighbors have also heightened the chance […]

August 17, 2015 | By | Reply More
China yuan to move both ways, more ‘adjustments’ unlikely

China yuan to move both ways, more ‘adjustments’ unlikely

August 16, 2015 SHANGHAI: China’s move to weaken the yuan last week could head off further similar “adjustments”, and the yuan is likely to move in both directions as the economy stabilizes, Ma Jun, chief economist at the central bank said on Sunday. The People’s Bank of China (PBOC) shocked global markets by devaluing the […]

August 16, 2015 | By | Reply More
China Minsheng Investment aims to double planned SEA investment

China Minsheng Investment aims to double planned SEA investment

SINGAPORE: China Minsheng Investment Corp (CMI), the country’s biggest private investment group, and partners aim to double planned investment in Southeast Asian infrastructure to $10 billion, a senior executive said on Friday. Beijing-based CMI said in March it and 10 partners would invest $5 billion to develop an industrial park in Indonesia. It is now […]

August 16, 2015 | By | Reply More
Ringgit volatility tests foreign bond investors’ faith in M’sia

Ringgit volatility tests foreign bond investors’ faith in M’sia

They sold some assets in July as the ringgit’s losses mounted, cutting holdings to 206.8 billion ringgit ($50.7 billion), the lowest since August 2012. SINGAPORE: Foreign investors in Malaysia’s bond markets have stayed put through months of economic and political uncertainty but a sudden spurt in currency volatility appears to be testing that allegiance. Foreign […]

August 16, 2015 | By | Reply More
Argentine’s Scioli defends central bank currency controls

Argentine’s Scioli defends central bank currency controls

August 16, 2015 BUENOS AIRES: Argentine ruling party presidential candidate Daniel Scioli defended the central bank’s control of the exchange rate on Saturday, saying it was necessary to avoid foreign exchange volatility. Scioli’s comments came two days after his main rival said he would allow the peso to float freely and would welcome the resignation […]

August 16, 2015 | By | Reply More