Recent Articles

Kenanga appointed underwriter of Nova Wellness IPO

Kenanga appointed underwriter of Nova Wellness IPO

KUALA LUMPUR: Nova Wellness Group Bhd, which is involved in the nutraceutical industry in Malaysia, has signed an official underwriting agreement recently with Kenanga Investment Bank Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities). Kenanga Investment will act as the company’s principal adviser, underwriter and […]

June 21, 2018 | By | Reply More
Macquarie expects shift to index warrants to continue amid market volatility

Macquarie expects shift to index warrants to continue amid market volatility

PETALING JAYA: Macquarie Malaysia expects the shift to index warrants to continue as volatility in the market increases. This is especially for investors looking to profit from any short-term falls in prices, as put warrants are one of the few ways that Malaysian investors can profit from falls in the stock market, according to head […]

June 21, 2018 | By | Reply More
Mavcom focused on passenger/consumer protection

Mavcom focused on passenger/consumer protection

KUALA LUMPUR: In the face of criticisms against the Malaysian Aviation Commission (Mavcom), its executive chairman says the airline and airport industry regulator is more focused on passenger/consumer protection. Tan Sri Abdullah Ahmad, a retired Air Force general, said that since its formation two years ago, Mavcom had received over 3,900 public complaints and managed […]

June 21, 2018 | By | Reply More
Chanel steps out of fashion shadows to show off surging sales

Chanel steps out of fashion shadows to show off surging sales

Chanel posted revenues of $9.62 billion for 2017, an 11% rise from a year earlier at constant currencies, helped like its peers by a strong performance in Asia Pacific especially, where sales grew 16.5%. Chanel logo is seen on the company’s store in Monte Carlo, Monaco, December 9, 2017. (Reuters pic) PARIS: French fashion group […]

June 21, 2018 | By | Reply More
Petronas committed to helping Sarawak become major oil industry player

Petronas committed to helping Sarawak become major oil industry player

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is committed to supporting Sarawak’s aspiration to become a major player in the petroleum industry and has so far invested RM183 billion in the upstream sector in the state alone via production sharing contracts (PSCs). According to infographics released to Bernama, the national oil company, since 1976 and up […]

June 21, 2018 | By | Reply More
Saudi Arabia wins MSCI upgrade; what do investors think?

Saudi Arabia wins MSCI upgrade; what do investors think?

Investors expect a pick up in liquidity and improvements in corporate governance after MSCI Inc. included the Middle East’s biggest stock market in its emerging-market index. The Saudi Stock Exchange, also known as the Tadawul, in Riyadh. (Bloomberg pic) DUBAI: Investors expect a pick up in liquidity and improvements in corporate governance after MSCI Inc. […]

June 21, 2018 | By | Reply More
Eurozone yields hover near lows on market worries over politics

Eurozone yields hover near lows on market worries over politics

Yields on government bonds in Germany, France, and Spain were only marginally higher. Most eurozone government bond yields were unchanged to slightly higher. (Reuters pic) LONDON: Eurozone bond yields hovered near recent lows despite a heavy slate of bond auctions due later on Thursday, with concerns over a global trade conflict keeping investors interested in […]

June 21, 2018 | By | Reply More
Abraaj sells Latin America, Africa businesses to Colony Capital

Abraaj sells Latin America, Africa businesses to Colony Capital

Abraaj Group agreed to sell its Latin America, Sub-Saharan Africa, North Africa, and Turkey Funds management business to Colony Capital Inc. Arif Naqvi is the founder of Abraaj Group. (Reuters pic) DUBAI: Dubai-based Abraaj Group agreed to sell its Latin America, Sub-Saharan Africa, North Africa, and Turkey Funds management business to US investment management firm […]

June 21, 2018 | By | Reply More
Pound falls to seven-month low before Bank of England meeting

Pound falls to seven-month low before Bank of England meeting

The meeting is likely to indicate if interest rates will be raised this year. The pound is at its lowest point in seven months. (Reuters pic) LONDON: The pound sank to a seven-month low on Thursday before a Bank of England monetary policy meeting where officials could indicate if interest rates will be raised this […]

June 21, 2018 | By | Reply More
Hungarian forint approaches all-time low, bond auction eyed

Hungarian forint approaches all-time low, bond auction eyed

The forint approached its all-time low hit in early 2015. The value of the forint has fallen sharply. (Reuters pic) BUDAPEST: The Hungarian forint fell to a new three-and-a-half year low versus the euro on Thursday, underperforming compared to its regional peers, as the impact of the central bank’s message on Tuesday flagging an eventual end […]

June 21, 2018 | By | Reply More