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2016 will be tough for Malaysian market, says Eastspring Investments

2016 will be tough for Malaysian market, says Eastspring Investments

KUALA LUMPUR: The Malaysian market is expected to remain tough next year as corporate earnings remain weak, said Eastspring Investments Bhd general manager of investment services Yvonne Tan. “Corporate earnings forecast in the beginning of the year were about high single-digit growth. As of now, market is actually looking at a negative growth of 3%. […]

December 27, 2015 | By | Reply More
Bursa Malaysia likely to continue upward momentum

Bursa Malaysia likely to continue upward momentum

KUALA LUMPUR: Bursa Malaysia is likely to continue its upward momentum next week, with bargain hunting expected to push up the local index. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said investors are expected to begin their pre-new year shopping in the last week of 2015. “December and […]

December 26, 2015 | By | Reply More
Ringgit likely to trade higher next week

Ringgit likely to trade higher next week

KUALA LUMPUR: The ringgit will likely trade higher against the greenback next week on expectations of higher commodities prices after the Brent crude oil price edged up from its 11-year lows on Wednesday. A dealer said commodities prices were due for a bounce soon given the unexpected decline in US inventories, indicating potential for exports […]

December 26, 2015 | By | Reply More
Vietnam's 2015 inflation at record low of 0.63%

Vietnam's 2015 inflation at record low of 0.63%

HANOI: Vietnam saw record low inflation of 0.63% in 2015 but the rate could rise to 5% next year on anticipated increases in electricity, education and healthcare prices, the government said yesterday. The inflation average was the lowest since Vietnam started calculating it in 2006, which the General Statistics Officeattributed to falling oil prices globally. […]

December 24, 2015 | By | Reply More
Malaysia an important hub to Dell

Malaysia an important hub to Dell

CYBERJAYA: Dell, which has identified cyber security and data analytics as its growth areas, sees Malaysia as an important hub that serves the US computer technology giant’s regional and global functions. On Dec 10, 2015, the company celebrated its 20 years in the country with more than 4,000 team members across Dell Malaysia’s three sites […]

December 24, 2015 | By | Reply More
Hyatt Hotels attacked with payment-card stealing malware

Hyatt Hotels attacked with payment-card stealing malware

BOSTON: Hyatt Hotels Corp said on Wednesday that its payment processing system was infected with credit card-stealing malware in an attack discovered three weeks ago, the latest in a series of breaches at hospitality firms. Company spokeswoman Stephanie Sheppard said in an email late on Wednesday that the attack was discovered on Nov 30. She […]

December 24, 2015 | By | Reply More
Rave Ventures' scheme accelerates growth of start-ups

Rave Ventures' scheme accelerates growth of start-ups

KUALA LUMPUR: The New Entrepreneurs Foundation’s (myNEF) unit Rave Ventures Sdn Bhd is looking to raise RM50 million to RM100 million in the next five to 10 years for its business coaching and mentoring programme, called Rave Accelerator. The 12-week accelerator programme, which consists of a network of experienced entrepreneurs and industry members, hopes to […]

December 24, 2015 | By | Reply More
MIDF Research remains 'neutral' on local auto sector

MIDF Research remains 'neutral' on local auto sector

PETALING JAYA: MIDF Research is maintaining its “neutral” call on the local auto industry given the persistently weak ringgit and a muted demand outlook. Malaysia’s total industry volume (TIV) for November rose 1.4% year-on-year (y-o-y) to 56,092 units, in which the industry recorded its fourth consecutive month of TIV growth. However, MIDF Research analyst Hafriz […]

December 24, 2015 | By | Reply More
Idea Cellular launches
4G services, steals
march on Reliance Jio

Idea Cellular launches 4G services, steals march on Reliance Jio

MUMBAI: Idea Cellular Ltd, India’s third-biggest mobile phone operator, launched high-speed fourth-generation (4G) mobile phone services across the country’s south on Wednesday, beating rival Reliance Jio. Idea follows Bharti Airtel and Vodafone in offering high-speed services in parts of India, starting with a handful of southern towns. It said all towns and cities in Andhra […]

December 24, 2015 | By | Reply More
Brazil watchdog
reviewing proposed
Raizen-Wilmar venture

Brazil watchdog reviewing proposed Raizen-Wilmar venture

SAO PAULO: Brazilian anti-trust watchdog Cade is reviewing a proposed tie-up between sugar and ethanol producer Raizen Energia SA and trader Wilmar International Ltd, as prices for the commodity recover amid tightening global supply. The proposed joint venture aims to export a type of Brazilian sugar known as VHP, a filing by Cade in the […]

December 24, 2015 | By | Reply More