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Online shopping offers to grab

Online shopping offers to grab

PETALING JAYA: Online purchasers are in for a whale of a time as Alibaba’s Tmall recently announced its Chinese New Year promotions and initiatives for Malaysian consumers. There will be over one million discounts and offers for products purchased online via Tmall.com and Taobao.com. The “mega bargains” will be available between Jan 24 and 28. […]

January 18, 2018 | By | Reply More
Stalwarts for a better world

Stalwarts for a better world

WHILE Heineken’s global sustainability strategy (Brewing a Better World or BaBW) seems largely centred on mitigating the impact of its operations on the natural environment, in truth, there is another purpose for its efforts in protecting water resources, reducing carbon emissions and sourcing sustainably. In addition to its bid to become the Greenest Brewer in […]

January 18, 2018 | By | Reply More
Khazanah raises US$320.8 million from issuance of exchangeable sukuk

Khazanah raises US$320.8 million from issuance of exchangeable sukuk

KUALA LUMPUR: Khazanah Nasional Bhd has priced exchangeable sukuk of US$320.8 million (RM1.27 billion), which will be issued via a Labuan-incorporated independent special purpose vehicle, Cindai Capital Ltd. The sukuk is exchangeable into H-shares of CITIC Securities Co Ltd, China’s largest securities brokerage firm. The exchangeable sukuk, with a tenure of five years and an […]

January 18, 2018 | By | Reply More
Jan 18: Ringgit opens weaker against US dollar

Jan 18: Ringgit opens weaker against US dollar

KUALA LUMPUR: The ringgit depreciated against the US dollar in early trade today on a lack of buying momentum. At 9am, the ringgit stood at 3.9625/9655 against the greenback from Wednesday’s close of 3.9520/9560. Meanwhile, the local note traded mixed against a basket of other major currencies. It strengthened against the euro to 4.8303/8351 from […]

January 18, 2018 | By | Reply More
Jan 18: Bursa Malaysia opens higher

Jan 18: Bursa Malaysia opens higher

KUALA LUMPUR: Bursa Malaysia extended yesterday’s gains to open higher today on continued buying interest in selected heavyweights and in line with most regional markets, dealers said. At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,828.64, up 0.01 of-a-point, from yesterday’s close of 1,828.63.It opened 2.61 points higher at 1,824.55. […]

January 18, 2018 | By | Reply More
Fed policymakers see strong US growth, disagree on rate hikes

Fed policymakers see strong US growth, disagree on rate hikes

PALM BEACH: The US economy should grow at a good clip this year, boosted by tax cuts, two Fed officials said on Wednesday, though they disagreed on how close the economy is to overheating and the need for rate hikes this year. “2018 is going to be a good year,” Dallas Federal Reserve Bank President […]

January 17, 2018 | By | Reply More
Apple plans new US campus, to pay US$38 billion in foreign cash taxes

Apple plans new US campus, to pay US$38 billion in foreign cash taxes

SAN FRANCISCO: Apple Inc will open a new campus as part of a 5-year, US$30 billion US investment plan and will make about US$38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by US President Donald Trump. The […]

January 17, 2018 | By | Reply More
Trump considers big ‘fine’ over China intellectual property theft

Trump considers big ‘fine’ over China intellectual property theft

US President Donald Trump speaks during an interview with Reuters at the White House in Washington, US, January 17, 2018. REUTERS/Kevin Lamarque WASHINGTON: President Donald Trump said on Wednesday the United States was considering a big “fine” as part of a probe into China’s alleged theft of intellectual property, the clearest indication yet that his […]

January 17, 2018 | By | Reply More
Regulatory fears hammer bitcoin below US$10,000, half its peak

Regulatory fears hammer bitcoin below US$10,000, half its peak

LONDON/TOKYO: Bitcoin fell as much as 20% on Wednesday, piercing below US$10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation. The world’s biggest and best-known cryptocurrency at one point lost 30% of its value since Tuesday. Bitcoin, despite some stabilization […]

January 17, 2018 | By | Reply More
FTC investigating Broadcom for antitrust practices

FTC investigating Broadcom for antitrust practices

NEW YORK: The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday. The company was recently issued subpoenas that seek an extensive amount of information, according to the Wall Street Journal, which was the first to report the probe on Wednesday. […]

January 17, 2018 | By | Reply More