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Malaysian association among exhibitors at Giftionery Taipei 2018

Malaysian association among exhibitors at Giftionery Taipei 2018

TAIPEI: Taiwan’s largest gift fair Giftionery Taipei 2018 concluded its four-day exhibition at the Taipei World Trade Center today. Organised by the Taiwan External Trade Development Council, the 72nd edition of Giftionery Taipei is a three-in-one expo, which also incorporated the Taiwan Houseware & Home Decor Show 2018 as well as Taiwan Souvenir 2018. More […]

April 22, 2018 | By | Reply More
Research firms positive on IHH’s bid for India’s Fortis

Research firms positive on IHH’s bid for India’s Fortis

PETALING JAYA: Research firms are positive over IHH Healthcare Bhd’s bid for India’s Fortis Healthcare Ltd, as it will further strengthen its presence in the region, which is already represented with the Continental Hospitals and Global Hospitals chain. In a note last Friday, PublicInvest said it is confident over IHH’s deep experience in improving profitability […]

April 22, 2018 | By | Reply More
Foreign inflows into Bursa Malaysia hit one-year high: Najib

Foreign inflows into Bursa Malaysia hit one-year high: Najib

KUALA LUMPUR: Foreign fund inflows into Bursa Malaysia as of last Thursday hit the highest in one year at RM429.80 million, according to caretaker Prime Minister Datuk Seri Najib Abdul Razak. He said under the Barisan Nasional’s (BN) leadership, the record was successfully achieved despite the dissemination of fake news on the country’s economy. “The […]

April 21, 2018 | By | Reply More
General Electric shares rise despite 1Q loss on hefty legal charge

General Electric shares rise despite 1Q loss on hefty legal charge

NEW YORK: Slumping industrial conglomerate General Electric won a reprieve on Wall Street Friday after reporting strong results in some divisions even as it suffered a quarterly loss due to a hefty legal charge. GE, which has been hurt by weakness in its power and oil and gas businesses, reported a first-quarter loss of US$1.2 […]

April 21, 2018 | By | Reply More
Pound slides as UK rate hike prospect dims; US stocks fall

Pound slides as UK rate hike prospect dims; US stocks fall

NEW YORK: Worries about higher US interest rates and Apple’s prospects weighed on Wall Street equities Friday, while the British pound retreated following dovish comments from the head of the Bank of England. US stocks ended decisively lower as the yield on the 10-year US Treasury rose ever closer to 3.0%, reigniting fears that Federal […]

April 21, 2018 | By | Reply More
US-China trade tension dominates IMF gathering

US-China trade tension dominates IMF gathering

WASHINGTON: Trade tensions between the United States and China, which threaten to spill over into the global economy, are dominating a gathering of world finance officials even as the Group of 20 avoided the topic on Friday. Official after official has called for disputes to be resolved through dialogue rather than unilateral tariffs, and warned […]

April 21, 2018 | By | Reply More
Bursa Malaysia to trend higher next week

Bursa Malaysia to trend higher next week

KUALA LUMPUR: Bursa Malaysia is expected to trend higher next week with the composite index likely to breach the 1,900 level amid volatile trading, said Inter-Pacific Securities Sdn Bhd Head of Research, Pong Teng Siew. However, he noted that the global economic outlook or external factors would still set the direction for the local bourse. […]

April 21, 2018 | By | Reply More
Ringgit to maintain rangebound trading next week

Ringgit to maintain rangebound trading next week

KUALA LUMPUR: The ringgit is expected to trade similarly to this week’s narrow range pattern of between 3.88 and 3.91 against the US dollar next week, said a dealer. Oanda Head of Trading in Asia-Pacific, Stephen Innes, said some investors would likely hold on their buying interest for the local note ahead of the general […]

April 21, 2018 | By | Reply More
OSK establishes MTN programme

OSK establishes MTN programme

PETALING JAYA: OSK Holdings Bhd has established a medium term note (MTN) programme, which together with the sukuk programme that was initially lodged on March 9, 2018, will have a combined limit of up to RM1.8 billion nominal value in aggregate. In a filing with Bursa Malaysia, OSK said its wholly owned subsidiary OSK I […]

April 20, 2018 | By | Reply More
Bursa Malaysia closes lower

Bursa Malaysia closes lower

KUALA LUMPUR: Bursa Malaysia ended lower today on continued selling pressures across-the-board after its all-time high-performance yesterday, due to the rise in US Treasury note yield by 2.9%. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,887.75, down 7.43 points from Thursday’s 1,895.18. It opened marginally higher by 0.37 of-a-point to 1,895.55 and […]

April 20, 2018 | By | Reply More