RSSCategory: News

Ringgit ends higher against US dollar

Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit ended higher against the US dollar today as the effect of the Turkish lira crisis started subsiding while Brent crude oil, which rose to US$72.14 (RM295.86) per barrel, also aided sentiment for the local unit. At 6pm, the local unit appreciated to 4.0990/0200 against the greenback from 4.1050/1080 on Friday. “The […]

August 20, 2018 | By | Reply More
Bursa Malaysia ends higher

Bursa Malaysia ends higher

KUALA LUMPUR: Bursa Malaysia closed higher today on continued buying in selected heavyweights led by Petronas Chemicals, as well as mid and small-cap stocks, in sync with most regional peers, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was firmer at 1,787.58, up 4.11 points or 0.23%, from last Friday’s close […]

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Bank Negara and People’s Bank of China renew bilateral currency swap

Bank Negara and People’s Bank of China renew bilateral currency swap

The agreement was first established in 2009 and renewed in 2012 and 2015. KUALA LUMPUR: Bank Negara Malaysia (BNM) and the People’s Bank of China recently entered into an agreement to renew the bilateral currency swap arrangement with a size of RMB180 billion/RM110 billion for a further tenure of three years. The agreement was first […]

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HNA chairman’s family tightens grip after death of executive

HNA chairman’s family tightens grip after death of executive

HNA Group Co. Chairman Chen Feng promoted his son to deputy chief executive officer and appointed his nephew as chief investment officer and executive chairman of an investment unit. General views of HNA Headquarters in Beijing. (Bloomberg pic) HONG KONG: HNA Group Co. Chairman Chen Feng promoted two family members as key lieutenants this month, tightening […]

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AirAsia now flies to Amritsar

AirAsia now flies to Amritsar

AirAsia’s inaugural service to the holy city of Amritsar, India, has taken flight. Located in the north-western part of India, the city is home to Sikh’s holiest shrines, Harmandir Sahib (The Golden Temple) and historical and cultural sites including Jallianwala Bagh, Wagah Border, the War and Partition Museum and Gobindgarh Fort. Operated by AirAsia’s long-haul […]

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Mercedes-Benz Malaysia Commercial Vehicles Delivers 24 FUSO Trucks

Mercedes-Benz Malaysia Commercial Vehicles Delivers 24 FUSO Trucks

Mercedes-Benz Malaysia Commercial Vehicles (MBM CV), authorised distributor of FUSO trucks in Malaysia, together with authorised FUSO dealer, Vista Wheels Sdn Bhd, officially delivers 24 FUSOtrucks to Pentas Flora Sdn Bhd, the largest and only privately-owned oil refinery plant in Malaysia. Mercedes-Benz Malaysia, Vice President, Commercial Vehicles, Albert Yee says, “As a long-time trusted partner […]

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HSBC report points to optimism over investment in Malaysia

HSBC report points to optimism over investment in Malaysia

Overall investment into ASEAN is expected to rise amongst Singapore-based companies with Malaysia cited as becoming one of the largest beneficiaries according to an HSBC report.  Malaysia’s growing consumer market and relative ease of doing business are driving these expansion plans. Based on the report, Malaysia is also a clear favourite destination for internationally oriented Singapore-based […]

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PepsiCo to buy Israel’s SodaStream in US$3.2 billion deal

PepsiCo to buy Israel’s SodaStream in US$3.2 billion deal

SodaStream, which makes machines that turn tap water into carbonated water, will help diversify PepsiCo’s portfolio of snacks and beverages. Employees pack boxes of the SodaStream product at the factory in the West Bank Jewish settlement of Maale Adumim, January 2014. (Reuters pic) NEW YORK: PepsiCo is buying household drink-machine maker SodaStream in a US$3.2 billion […]

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Thai economy grows faster than estimated on strong exports

Thai economy grows faster than estimated on strong exports

Thailand’s recovery is continuing on the back of solid trade gains and tourism receipts, though the pace of economic expansion continues to trail behind neighbours in developing Southeast Asia. Umbrella making at the Bo Sang Craft Village as Thailand’s economic recovery continues. (Bloomberg pic) BANGKOK: Thailand’s economy grew faster in the second quarter than economists expected, […]

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Singapore startup raises US$618 million to expand datacenters

Singapore startup raises US$618 million to expand datacenters

AirTrunk’s taking advantage of a surge in cloud computing as companies that once ran in-house servers shift storage and processing off-site. The bulk of the money raised in loans will be spent expanding current facilities in Sydney and Melbourne. (Bloomberg pic) SYDNEY: Goldman Sachs-backed AirTrunk has raised A$850 million (US$618 million) to fund the expansion of its […]

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