Author Archive: The Sun Daily

rss feed

Author's Website

Bursa M'sia opens higher

Bursa M'sia opens higher

KUALA LUMPUR: Bursa Malaysia opened higher this morning after taking a breather on last Friday on profit-taking. At 9.06 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) traded at 1,890, up 2.31 points from last Friday’s 1,887.75. The index opened 2.71 points higher at 1,890.46. On the broader market, losers led gainers 102 against […]

April 23, 2018 | By | Reply More
IMF unveils new corruption policy for member states

IMF unveils new corruption policy for member states

WASHINGTON: The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday. The stricter new policy also aims to tackle how rich countries contribute to corruption in the developing world by failing to prevent bribery and money laundering or by allowing […]

April 23, 2018 | By | Reply More
AirAsia to step up flights within Sabah and Sarawak to grow domestic operations

AirAsia to step up flights within Sabah and Sarawak to grow domestic operations

SEPANG: Low-cost carrier AirAsia Bhd sees room for expanding its domestic operations, which contribute about 40% to its revenue currently, with intercity flights within Sabah and Sarawak. The airline’s CEO Riad Asmat (pix), who recently took over the reins of the Malaysian unit, told SunBiz in an exclusive interview that the airline has a strong […]

April 22, 2018 | By | Reply More
IMF lauds Japan's preference for TPP over bilateral deals

IMF lauds Japan's preference for TPP over bilateral deals

WASHINGTON: A multilateral framework like the Trans-Pacific Partnership (TPP) pact works better in fixing trade imbalances than a bilateral deal, International Monetary Fund (IMF) deputy managing director Mitsuhiro Furusawa said in an endorsement of Japan’s calls for Washington to rejoin TPP. Japan and the United States are at loggerheads on how to frame trade talks, […]

April 22, 2018 | By | Reply More
China will welcome US treasury secretary visit to talk trade

China will welcome US treasury secretary visit to talk trade

BEIJING: China said today it would welcome a visit from US Treasury Secretary Steven Mnuchin, who said he was considering a trip to the Chinese capital to hold talks on the trade dispute seen as a threat to the global economy. Tensions between the world’s two largest economies have cast a shadow over the gathering […]

April 22, 2018 | By | Reply More
AirAsia rides on big data analytics

AirAsia rides on big data analytics

SEPANG: The airline that made flying more affordable for Malaysians almost 22 years ago is now looking to up its game by using big data analytics to mine data on 80 million unique passengers at its disposal, to personalise and anticipate travelling patterns for marketing purposes. “We have a database of about 80 million unique […]

April 22, 2018 | By | Reply More
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