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Apr 16: Bursa Malaysia higher in early trade

Apr 16: Bursa Malaysia higher in early trade

KUALA LUMPUR: Bursa Malaysia opened slightly higher this morning on a cautious note following concerns over heightened geopolitical tensions in Syria after the local mart recorded an easier trading last week. However, the positive sentiment in the regional market at the opening today has lent some support to the local market. At 9.05 am, the […]

April 16, 2018 | By | Reply More
April 16: RM opens at 3.88 against USD

April 16: RM opens at 3.88 against USD

KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback received some boost following the launch of military strikes on Syria over the weekend. At 9.02 am, the ringgit was quoted at 3.8800/8850 compared with Friday’s close of 3.8785/8815. The US and European allies launched airstrikes against Syrian research, storage and […]

April 16, 2018 | By | Reply More
Trading opportunity for Digi with potential Shariah list reinstatement: PublicInvest

Trading opportunity for Digi with potential Shariah list reinstatement: PublicInvest

KUALA LUMPUR: PublicInvest Research said there is trading opportunity for Digi.com Bhd, which share price has fallen sharply in recent month, as the stock is expected to be reinstated to the Shariah list in the coming review. The research house said Digi was removed from the list in November 2017, following the drawdown of conventional […]

April 16, 2018 | By | Reply More
Chinese tycoon flips 007 casino for all-in bet on Korean island

Chinese tycoon flips 007 casino for all-in bet on Korean island

Yang Zhihui’s company had signed a deal to buy out its partner, Genting Singapore PLC, in the US$2.4 billion project on South Korea’s Jeju island, a holiday haven for honeymooners about the size of Maui and an hour’s flight from Seoul. Landing’s Marriott resort in Jeju. (Bloomberg pic) JEJU ISLAND: Sometimes, all you need is […]

April 15, 2018 | By | Reply More
Despite job cuts, GM won’t abandon small car market

Despite job cuts, GM won’t abandon small car market

Across the US industry, the small car market has been in steady decline since 2014, a trend driven by lower fuel prices and an improving economy. Sales of the Chevy Cruze dropped 32% in the last four years as Americans have shunned small cars in favor of SUVs, prompting General Motors to cut back on […]

April 15, 2018 | By | Reply More
In heated interview, Macron defends economic policy and style

In heated interview, Macron defends economic policy and style

In a break with the often deferential tradition of French presidential interviews, Macron takes questions from two famously combative journalists to mark his first year in office. French President Emmanuel Macron (centre) poses on the TV set before an interview with French journalists at the Theatre National de Chaillot across from the Eiffel Tower in […]

April 15, 2018 | By | Reply More
Asia’s policymakers just scored a new e-commerce growth measure

Asia’s policymakers just scored a new e-commerce growth measure

The Singapore Department of Statistics has started publishing the proportion of the city state’s retail sales that were transacted online. SINGAPORE: Policymakers in Asia grappling with how to measure the growth of e-commerce just scored one more tool in Singapore. The Singapore Department of Statistics has started publishing the proportion of the city state’s retail […]

April 15, 2018 | By | Reply More
EPF exiting healthcare provider Columbia Asia

EPF exiting healthcare provider Columbia Asia

PETALING JAYA: The Employees Provident Fund (EPF) is selling its close to 30% interest in Columbia Asia Sdn Bhd (CASB) for an undisclosed sum, according to its annual report released on Friday. The fund has reclassified the cost of investment in CASB of RM203.21 million as assets held-for-sale, with the sale to be completed this […]

April 15, 2018 | By | Reply More
Bank Negara: Foreign insurers can’t choose
alternative initiatives for divestment

Bank Negara: Foreign insurers can’t choose alternative initiatives for divestment

KUALA LUMPUR: Foreign insurers, who have repatriated about RM16.5 billion between 2008 and 2017 in the form of dividends but didn’t contribute as much as expected for the development of the domestic industry, cannot choose alternative initiatives with their promise to divest stakes, said Bank Negara Malaysia (BNM). The contributions of the foreign insurers to […]

April 15, 2018 | By | Reply More
Trade 'remedies' – the US barks, but where's the bite?

Trade 'remedies' – the US barks, but where's the bite?

WASHINGTON: US President Donald Trump’s administration claims it has doubled America’s efforts to fight unfair trade, compared to Barack Obama’s presidency. But a closer look at data from US trade officials’ efforts to counter the dumping and illegitimate subsidies accused of hurting US companies shows Team Trump’s efforts appear to be lagging.The president so far […]

April 15, 2018 | By | Reply More