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Bursa Malaysia opens higher

Bursa Malaysia opens higher

KUALA LUMPUR: Bursa Malaysia opened higher today in taking cue from the rise in stocks on Wall Street last Friday and optimism towards the possibility of positive US-China trade talks. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.51-of-a- point better at 1,783.98 from last Friday’s close of 1,783.47. The index opened […]

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

Bursa Malaysia opens higher

FBM KLCI index is anticipated to trend higher today on bargain hunting, mainly in lower-liner stocks, with investors looking for attractive and cheap stocks to nibble. KUALA LUMPUR: Bursa Malaysia opened higher today in taking cue from the rise in stocks on Wall Street last Friday and optimism towards the possibility of positive US-China trade talks. At […]

August 20, 2018 | By | Reply More
Japan firms welcome skilled foreign workers, frown at unskilled labourers

Japan firms welcome skilled foreign workers, frown at unskilled labourers

The labour market in fast-ageing Japan is its tightest in nearly 5 decades and the government has begun to allow foreigners to work in farming, car factories and convenience stores. A worker cleans windows on a commercial building at a business district in Tokyo, Japan, January 2017. (Reuters pic) TOKYO: Most Japanese companies support loosening the […]

August 20, 2018 | By | Reply More
Ringgit recovers ground against US Dollar

Ringgit recovers ground against US Dollar

The Ringgit opens higher following a week of weakening against the greenback. KUALA LUMPUR: The ringgit recovered its position in opening slightly higher against the US dollar today, following a week of weakening against the greenback due to external factors. At 9 am, the local note was traded at 4.0970/1020 versus the US dollar from last Friday’s close of 4.1050/1080. A […]

August 20, 2018 | By | Reply More
Total Access, Advanced win Thai mobile permits for US$754 million

Total Access, Advanced win Thai mobile permits for US$754 million

The permit will help Telenor ASA-backed Total Access Communication ensure continuity of service as some of the operator’s concessions expire in September. A man uses a smartphone as he rides an escalator in Bangkok, Thailand. Thai carriers spent 233 billion baht buying up airwaves in the past couple of years. (Bloomberg pic) BANGKOK: Advanced Info […]

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Saudi PIF in talks to invest in aspiring Tesla rival Lucid

Saudi PIF in talks to invest in aspiring Tesla rival Lucid

The talks between privately-held Lucid Motors and PIF underscore the latter’s appetite to invest in electric car makers to diversify Saudi’s investment portfolio. California-based Lucid Motors’ prototype of the Lucid Air luxury sedan at its unveiling in Fremont, California, US, December 2016. (Reuters pic) RIYADH: PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO […]

August 20, 2018 | By | Reply More
`Made in Cambodia’ may become new fashion label with tariffs hitting China

`Made in Cambodia’ may become new fashion label with tariffs hitting China

Fashion companies, eager to diversify their supply chains, were already expanding into production sites in Southeast Asia as alternatives to China. Then the trade war happened. The next designer handbag you buy is less likely to bear a “made in China” label. (Bloomberg Pic)   The next designer handbag you buy is less likely to […]

August 19, 2018 | By | Reply More
Tariffs will hurt US more than rest of world

Tariffs will hurt US more than rest of world

The US economy will be hit many times harder than the rest of the world by an escalating global trade war, according the the chief executive officer of AP Moller-Maersk A/S. Soren Skou, who runs the world’s biggest shipping company, said the fallout could easily end up being bigger in the US.(Bloomberg Pic)   COPENHAGEN:The […]

August 19, 2018 | By | Reply More
Female FTSE 100 bosses earn US$4 million less than men

Female FTSE 100 bosses earn US$4 million less than men

A Chartered Institute of Personnel and Development (CIPD) and High Pay Centre study suggest men earn 100% more than their female counterparts on average. (AFP pic) LONDON: Chief executive officers of the biggest London-listed businesses are earning an average of US$4 million (3 million pounds) less than their male counterparts. The figures, from a Chartered […]

August 19, 2018 | By | Reply More
US-China trade war sees unstable environment for foreign inflows

US-China trade war sees unstable environment for foreign inflows

Bank Islam chief economist says investors preferred to stay on the sidelines rather than establish a new position in equities. KUALA LUMPUR: Intensifying trade friction between China and the United States has left the local equity market sentiment cautious, creating an unstable environment for foreign fund inflows. Bank Islam chief economist Mohd Afzanizam Abdul Rashid […]

August 19, 2018 | By | Reply More