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Bursa Malaysia closes marginally higher

Bursa Malaysia closes marginally higher

KUALA LUMPUR: Bursa Malaysia ended marginally higher amid mixed Asian markets, thanks to the continued foreign fund inflows and improving crude oil prices. A dealer said the local market mood remained upbeat, judging from the net foreign buying worth RM229.6 million yesterday, which was also the largest inflow in a day for this month. At […]

August 9, 2018 | By | Reply More
Vietnam to limit new foreign bank licenses to encourage local acquisitions

Vietnam to limit new foreign bank licenses to encourage local acquisitions

Vietnam has so far licensed around ten wholly-foreign-owned banks, such as HSBC Vietnam, Standard Chartered Vietnam, Hong Leong Vietnam, CIMB Vietnam. People ride motorcycles past a branch of VietinBank in Hanoi. (Reuters pic) HANOI: Vietnam said on Thursday it will limit or possibly stop issuing new licenses for foreign banks to set up in the […]

August 9, 2018 | By | Reply More
Geely mulls US$1.9 billion revival for Lotus Cars

Geely mulls US$1.9 billion revival for Lotus Cars

The investment plan is part of billionaire Li Shufu’s vision to take Geely to the forefront of the auto industry rivalling Toyota Motor Corp and Volkswagen AG.   Finished Lotus sports cars sit on the inspection line at the Group Lotus Plc automobile factory in Hethel, near Norwich, UK, August 2017. (Bloomberg pic) BEIJING: The […]

August 9, 2018 | By | Reply More
Steady loan growth in secondhand car market

Steady loan growth in secondhand car market

<p>KUALA LUMPUR: Loan provider for the secondhand car market ELK-Desa Resources Bhd sees steady performance ahead that will continue to yield dividend of more than 5 per cent to shareholders.</p> © New Straits Times Press (M) Bhd

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Indonesia coffee supplies seen falling in Sept, Vietnam tepid

Indonesia coffee supplies seen falling in Sept, Vietnam tepid

Robusta beans in Indonesia’s Lampung province were traded at a premium while London prices declined. A barista brews locally gown coffee at Jack Runner Roastery and cafe in Bandung, West Java, Indonesia, May 2018. (Reuters pic) HANOI/BANDAR LAMPUNG: Coffee supply in Indonesia is expected to dip in September from a month earlier as the peak harvest […]

August 9, 2018 | By | Reply More
Boost e-wallet app wants 2,000 merchants in Sabah

Boost e-wallet app wants 2,000 merchants in Sabah

<p>KOTA KINABALU: The electronic wallet application, Boost, is aiming to have 2,000 merchants in Sabah.</p> © New Straits Times Press (M) Bhd

August 9, 2018 | By | Reply More
Dagang Net allocates RM2m for automotive insurance repair database

Dagang Net allocates RM2m for automotive insurance repair database

<p>KUALA LUMPUR: Dagang NeXchange Bhd’s (DNeX) wholly-owned subsidiary Dagang Net Technology Sdn Bhd, is allocating RM2 million to build comprehensive motor parts and a database system for pricing and repair schedule for the vehicle insurance repair segment.</p> © New Straits Times Press (M) Bhd

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Chinese owner of Lotus Cars considers to invest £1.5 bil to revive the brand

Chinese owner of Lotus Cars considers to invest £1.5 bil to revive the brand

<p>The Chinese owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter.</p> © New Straits Times Press (M) Bhd

August 9, 2018 | By | Reply More
Glove maker, PKNP to build RM1.5b integrated city in Bidor

Glove maker, PKNP to build RM1.5b integrated city in Bidor

<p>IPOH: Glove maker Kossan Rubber Industries Bhd and the Perak State Development Corporation (PKNP) will build a RM1.5 billion integrated city in Bidor.</p> © New Straits Times Press (M) Bhd

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Adidas gets World Cup boost despite Nike dominance on field

Adidas gets World Cup boost despite Nike dominance on field

Adidas World Cup shirt sales topped the 8 million sold in connection with the tournament in Brazil four years ago, even though the two teams that faced off in the World Cup final were wearing Nike uniforms. A customized official match ball for a world cup match is being prepared during a visit of the […]

August 9, 2018 | By | Reply More