RSSCategory: News

Asian markets stage rally after strong Wall St lead

Asian markets stage rally after strong Wall St lead

Asian traders are taking their lead from a strong performance on Wall Street that came after healthy earnings reports. (AFP pic) HONG KONG: Asian markets staged a much-needed rally Wednesday as investors tracked Wall Street’s best performance in more than six months thanks to a healthy round of earnings reports. Bargain-buyers took advantage of the […]

October 17, 2018 | By | Reply More
Australia says trade agreement with Indonesia on track despite Israel comments

Australia says trade agreement with Indonesia on track despite Israel comments

Australia’s prime minister, Scott Morrison, is reported to be considering moving Australia’s Israel embassy to Jerusalem. (AFP pic) SYDNEY: Australian Prime Minister Scott Morrison said on Wednesday a billion-dollar free trade agreement with Indonesia will be signed this year, despite Indonesian concern over an Australian proposal to recognise Jerusalem as the Israeli capital. Morrison said […]

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KL shares end higher in sync with regional stocks

KL shares end higher in sync with regional stocks

KUALA LUMPUR: Bursa Malaysia closed higher today, tracking gains on regional markets and ahead of the 11th Malaysia Plan (11MP) mid-term review tomorrow. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 3.75 points to 1,740.59 against Tuesday’s close of 1,736.84. The index opened 4.69 points stronger at 1,741.53 and moved between 1,737.29 and 1,742.8 […]

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Philippine watchdog fines Grab, Uber for rushed merger

Philippine watchdog fines Grab, Uber for rushed merger

(Bloomberg pic) MANILA: The Philippines’ competition watchdog fined ride-hailing firms Grab and Uber Technologies on Wednesday, saying they consummated their merger too soon and that the quality of service dipped, becoming the second regulator in the region to penalise them. Uber sold its money-losing Southeast Asian business to bigger regional rival Grab in March, prompting […]

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Don’t mention the oil price: US legal threat prompts change at OPEC

Don’t mention the oil price: US legal threat prompts change at OPEC

OPEC flag (AFP pic) LONDON/DUBAI: OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil-producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said. Proposed US legislation known as “NOPEC”, which could open […]

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LBS Bina bags two BrandLaureate awards

LBS Bina bags two BrandLaureate awards

PETALING JAYA: LBS Bina Group Bhd recently picked up the International Property Development Award, while its group managing director Tan Sri Lim Hock San was conferred the Lifetime Achievement Award at the BrandLaureate Special Edition World Award 2018. The BestBrands in International Property Development Award recognised the group for exemplifying a number of key criteria […]

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Malaysia’s biodiesel output, exports set to hit record high levels

Malaysia’s biodiesel output, exports set to hit record high levels

KUALA LUMPUR: Malaysian biodiesel production is likely to hit record levels this year and next. The 2018 exports are on track to double from 2017, pushed up as higher oil prices boost the appeal of biofuels, the head of an industry association said on Wednesday. The Southeast Asian nation is the world’s No. 2 producer […]

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Nasir Ali appointed AmanahRaya chairman

Nasir Ali appointed AmanahRaya chairman

Mohd Nasir Ali. PETALING JAYA: Amanah Raya Berhad (AmanahRaya) has announced the appointment of Mohd Nasir Ali as its new chairman, effective Oct 12, replacing Sabbaruddin Chik. Kumpulan AmanahRaya’s managing director Adenan Md Yusof was reported by Utusan Malaysia as saying that Nasir was capable of leading AmanahRaya as he was previously one of its […]

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Cambodia’s garment workers fear EU trade threat but producers optimistic

Cambodia’s garment workers fear EU trade threat but producers optimistic

Cambodian women workers leaves the factory during a lunch break in Phnom Penh (AFP pic) PHNOM PENH: A European Union decision to ramp up trade pressure on Cambodia has alarmed unions in its garment industry, a pillar of the economy that employs about 700,000 people, but a key grouping of manufacturers said the risk would […]

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Pollution charge on single-use plastics by 2021

Pollution charge on single-use plastics by 2021

KUALA LUMPUR: The government is working towards implementing a pollution charge for single-use plastics which will be imposed on fixed premises at a rate of 20 sen or higher, to be determined by state governments through local councils. They include premises such as hypermarkets, supermarkets, department stores, convenience stores, fast food restaurants, petrol station convenience […]

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