RSSCategory: News

Mozambique’s ruby mining: from “Wild West” to big business

Mozambique’s ruby mining: from “Wild West” to big business

Montepuez, home to the world’s biggest known ruby deposit, is seeing a crackdown by the authorities with thousands of local diggers and traders arrested. An artisanal miner displays rubies he found sifting through gravel from Gemfields’ mine near Montepuez in Mozambique. (Bloomberg pic) MAPUTO: Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old […]

August 13, 2018 | By | Reply More
Petronas acquires 30% interest in Senegal exploration block

Petronas acquires 30% interest in Senegal exploration block

PETALING JAYA: Petroliam Nasional Bhd (Petronas) through its subsidiary PC Senegal Ltd, recently signed a Farm-in Agreement with TOTAL E&P Senegal SAS, a subsidiary of TOTAL, for a 30% participating interest in the Rufisque Offshore Profond block, marking its entry into Senegal. TOTAL will maintain operatorship with 60% equity alongside Société Nationale des Pétroles du […]

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China shouldn’t rapidly push internationalized yuan, Zhou Says

China shouldn’t rapidly push internationalized yuan, Zhou Says

Promoting the yuan’s global role requires freer use of the currency and exchange rate reform, which may need trade-offs with other priorities. Key speakers at day two of the Institute of International Finance G20 Conference. (Bloomberg pic) BEIJING: The internationalization of the yuan has happened “earlier than expected,” but China should be keeping a low […]

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BEA falls most in three years after cut from Hang Seng Index

BEA falls most in three years after cut from Hang Seng Index

BEA fell as much as 7.8%, making it the worst performer on the Hong Kong benchmark, while China Merchants Port dropped as much as 5.7%, the most in nine months. Bank of East Asia, China Merchants Port to be removed from Hang Seng Index. (Bloomberg pic) HONG KONG: Bank of East Asia Ltd. slumped the […]

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Lira extends slide as Erdogan says Turkey in an economic war

Lira extends slide as Erdogan says Turkey in an economic war

The lira tumbled as much as 11% against the dollar in thin trading in Asia, before trimming losses as the central bank moved to boost lenders’ access to the lira and foreign exchange liquidity. An employee holds a wad of 200 Turkish lira banknotes in a currency exchange in Istanbul, Turkey, on Friday, May 18, […]

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Oil holds steady as Iran supply fears offset jitters over Turkey

Oil holds steady as Iran supply fears offset jitters over Turkey

Global production has been a focal point in the oil market in recent months as investors weigh the outlook for supply declines. WTI holds above US$67 a barrel despite US oil rig count gain last week. (Bloomberg pic) SINGAPORE: Oil traded near US$68 a barrel after Iran ruling out talks with the US heightened concerns […]

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Emerging market selloff hits China as stocks, yuan resume slide

Emerging market selloff hits China as stocks, yuan resume slide

China traders grapple the wildest equity swings in more than two years, with sentiment shifting daily as investors consider whether support measures would be enough to offset risks to economic growth. Shanghai stocks remain stuck below key 2,800-point line. (Bloomberg pic) HONG KONG: Chinese financial markets fell as investors dumped emerging-market assets worldwide. The Shanghai […]

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PropertyGuru Allows Greater Home Affordability

PropertyGuru Allows Greater Home Affordability

PropertyGuru launches the Mortgage Pre-Qualifier, a PropTech innovation that provides property seekers with a qualified mortgage check at the highest predictive ability of how much mortgage a bank is willing to approve. It is a Southeast Asia-first innovation developed in partnership with real estate fintech platform, MHub, and powered by CTOS, Malaysia’s leading credit reporting […]

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First 4K UHD Broadcast in Malaysia

First 4K UHD Broadcast in Malaysia

Football fans can now watch their favorite Premier League matches live in 4k Ultra High Definition (UHD). The broadcast by Astro is the first in Malaysia. Lee Choong Khay, Chief of Sports at Astro says, “We will embrace the latest technology, 4K UHD to enhance our customers’ viewing experience. We are pleased to partner with […]

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Health Cloud Platform Revenue Soars

Health Cloud Platform Revenue Soars

UCrest Berhad’s Q4 FY2018 financial result shows that it has achieved another record high quarter. The Company has been achieving record highs in the past five consecutive quarters in revenue and profits. The Company achieved revenue of RM16.9M of and a profit of slightly above RM4.0M for the quarter ending May 31, 2018, which is […]

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