Recent Articles

MARC: Foreign holdings of govt debt to go up

MARC: Foreign holdings of govt debt to go up

PETALING JAYA: Foreign holdings of government bonds are expected to increase towards the end of 2018 and record a net positive inflow, according to the Malaysian Rating Corp Bhd (MARC). This is on the back of expectation of an overnight policy rate (OPR) hike in early 2018; upbeat outlook of the ringgit; improvement in crude […]

January 14, 2018 | By | Reply More
November IPI up 5% year on year

November IPI up 5% year on year

KUALA LUMPUR: The Industrial Production Index (IPI) grew 5% in November 2017 compared with the same month in the previous year, supported by growth in all indices – manufacturing 6.7%, mining 0.2% and electricity 3.9%. On an annualised basis, the output of the manufacturing sector in November increased strongly by 6.7% after registering an increase […]

January 14, 2018 | By | Reply More
Malaysian businesses more confident: Survey

Malaysian businesses more confident: Survey

KUALA LUMPUR: The business confidence of large corporations and small and medium enterprises (SMEs) are positive going into 2018, even though the larger businesses look to exude more optimism than their smaller counterparts, according to the quarterly RAM Business Confidence Index. The survey took into account factors such as turnover, profitability, hiring intentions, business expansion, […]

January 14, 2018 | By | Reply More
House Republicans want answers on Apple throttling older iPhone speeds

House Republicans want answers on Apple throttling older iPhone speeds

WASHINGTON: Four U.S. House Republicans, including the chairman of the Energy and Commerce Committee, on Friday wrote Apple Inc chief executive Tim Cook asking him to answer questions about its disclosure that it slowed older iPhones with flagging batteries. The California-based company apologized over the issue on Dec. 28, cut battery replacement costs and said […]

January 14, 2018 | By | Reply More
Crowds jostle for Hong Kong flats, no end in sight to housing boom

Crowds jostle for Hong Kong flats, no end in sight to housing boom

HONG KONG: Hong Kong’s red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year on Saturday, backing expectations strong demand will further lift record prices by 5 to 20 percent over the year. The Asian financial hub has one of the most expensive housing […]

January 14, 2018 | By | Reply More
Facebook changes News Feed, investors click on ‘sad’

Facebook changes News Feed, investors click on ‘sad’

NEW YORK: Shares of Facebook Inc fell more than 4 percent on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he said would hit user engagement in the near term. Zuckerberg said late on Thursday the world’s largest social network would […]

January 14, 2018 | By | Reply More
MoneyGram shares jump on partnership with bitcoin rival Ripple

MoneyGram shares jump on partnership with bitcoin rival Ripple

NEW YORK: Shares of MoneyGram International Inc jumped 10.5 percent on Thursday, after the money-transfer company said it partnered with blockchain firm and bitcoin-rival Ripple. As part of the arrangement, MoneyGram will test the use of Ripple’s cryptocurrency, to move funds in a faster and cheaper way. Ripple, created by the founder of bitcoin exchange […]

January 14, 2018 | By | Reply More
Adidas targets U.S. market share of 15-20 percent

Adidas targets U.S. market share of 15-20 percent

Adidas targets U.S. market share of 15-20 percent Reuters FRANKFURT: German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now “significantly lower”, its chief financial officer said. “In every market we have a share of at least 15 to 20 percent,” CFO Hans Ohlmeyer told […]

January 14, 2018 | By | Reply More
Airbus fined 104 mn euros over Taiwan missile affair

Airbus fined 104 mn euros over Taiwan missile affair

AirbusPARIS: Airbus said Saturday it had been fined 104 million euros for a dispute dating from 1992 over missile sales to Taiwan by the Matra group, which was later acquired by the aerospace giant. Airbus, which this week agreed to sell China 184 A320 planes by 2020, said in a statement it had been ordered […]

January 14, 2018 | By | Reply More
Indonesia central bank warns over cryptocurrencies

Indonesia central bank warns over cryptocurrencies

JAKARTA: Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that […]

January 13, 2018 | By | Reply More