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Malaysia power shift hits China infrastructure drive

Malaysia power shift hits China infrastructure drive

KUALA LUMPUR: Malaysia was once a loyal partner in China’s globe-spanning infrastructure drive but a new government is now pledging to review Beijing-backed projects, threatening key links in the much-vaunted initiative. Kuala Lumpur’s previous regime, led by scandal-mired Datuk Seri Najib Abdul Razak, had warm ties with China and signed a string of deals for […]

June 17, 2018 | By | Reply More
Bursa trading velocity profoundly low during World Cup

Bursa trading velocity profoundly low during World Cup

PETALING JAYA: The trading velocity in Malaysia during the 2018 World Cup is expected to be subdued not just because of this event but also due to the festive season, according to MIDF Research. “We do not expect the World Cup event to change the fundamentals of all stocks under our coverage. Hence, we maintain […]

June 17, 2018 | By | Reply More
Orkid Cosmetics set to bloom

Orkid Cosmetics set to bloom

PETALING JAYA: Orkid Cosmetics plans to raise RM250,000-RM500,000 in its pre-seed round this year to scale up the one-year-old business, including bringing in more products and entering two to three new markets in India, the UK and the US. Founder Raeesa Syahirah said it is in talks with a few angel investors to grow the […]

June 17, 2018 | By | Reply More
Orkid Cosmetics in talks with angel investors, eyes foreign markets

Orkid Cosmetics in talks with angel investors, eyes foreign markets

PETALING JAYA: Orkid Cosmetics plans to raise RM250,000-RM500,000 in its pre-seed round this year to scale up the one-year-old business, including bringing in more products and entering two to three new markets in India, the UK and the US. Founder Raeesa Syahirah (pix) said it is in talks with a few angel investors to grow […]

June 17, 2018 | By | Reply More
eBay’s new platform a hit with local businesses

eBay’s new platform a hit with local businesses

KUALA LUMPUR: Global e-commerce platform, eBay, which launched its “Go Global with eBay” initiative almost a year ago, has managed to attract more than 3,500 Malaysian businesses. Head of Seller Growth (SEA Cross Border Trade) Wong Mei Inn said eBay was focused on offering localised seller support to catalyse the growth of cross-border trade in […]

June 17, 2018 | By | Reply More
Local transport sector faces headwinds

Local transport sector faces headwinds

PETALING JAYA: AmInvestment Bank, which is neutral on the transportation sector over the next 12 months, is mindful of various headwinds in the sector such as the increased regulatory risk on the back of the change in the political landscape following the 14th general election (GE14), potential dial-back of certain major initiatives by the preceding […]

June 17, 2018 | By | Reply More
Russia, Saudi Arabia want Opec to increase output

Russia, Saudi Arabia want Opec to increase output

MOSCOW: Russia and Saudi Arabia will ask Organisation of the Petroleum Exporting Countries (Opec) to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday. Opec and Russia decided together in 2016 to cut their supply in order to push prices up following […]

June 17, 2018 | By | Reply More
Boeing, others assessing impact of US-China tariffs

Boeing, others assessing impact of US-China tariffs

NEW YORK: US trade groups and some large companies such as Boeing said Friday they were beginning to evaluate how new tariffs in the US-China trade spat could affect their operations. “We are assessing the impact these tariffs and any reciprocal action could have on our supply chain and commercial business,” said Boeing spokesman Charles […]

June 16, 2018 | By | Reply More
US farmers stressed, angry at trade wars

US farmers stressed, angry at trade wars

NEW YORK: US farmers find themselves in the crosshairs of a trade war with China and others launched by President Donald Trump, who was elected with the support of many in rural America. On Friday, Trump announced long-threatened trade tariffs on tens of billions of dollars worth of Chinese goods, sparking an immediate retaliation from […]

June 16, 2018 | By | Reply More
Global stocks pressured by US, China tariff announcements

Global stocks pressured by US, China tariff announcements

NEW YORK: Revived trade war fears weighed on US and European bourses Friday following tit-for-tat tariff announcements by the United States and China. US President Donald Trump announced 25% tariffs on tens of billions in Chinese imports, sparking immediate retaliation from Beijing and bringing the world’s two largest economies to the brink of an all-out […]

June 16, 2018 | By | Reply More