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Asian stocks sink but Shanghai up after sharp losses

Asian stocks sink but Shanghai up after sharp losses

HONG KONG: Most Asian markets retreated Wednesday (Jan 6) but Shanghai ticked higher after losing more than 7 per cent in the first two days of a volatile week for global investors. The gains in China come as reports say authorities have spent huge sums of cash on shoring up equities to prevent a repeat […]

January 6, 2016 | By | Reply More
Asia stocks buffeted by China worries, North Korea nuclear test

Asia stocks buffeted by China worries, North Korea nuclear test

TOKYO: Asian shares fell on Wednesday and most emerging currencies retreated as China allowed the yuan to weaken further, stoking fears about its slowing economy, while a North Korean nuclear test heightened geopolitical tensions. Souring sentiment toward riskier assets in turn lifted safe-havens such as the Japanese yen and US Treasuries. MSCI’s broadest index of […]

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Tiger Synergy signs MoU to acquire Synergy Engineering Sdn Bhd

Tiger Synergy signs MoU to acquire Synergy Engineering Sdn Bhd

KUALA LUMPUR: Property developer Tiger Synergy Bhd has signed into a memorandum of understanding (MoU) to fully acquire BPE Synergy Engineering Sdn Bhd, via a share swap totalling RM16 million of purchase consideration. The share swap is expected to be completed within the first half of 2016 and entails a profit guarantee of at least […]

January 6, 2016 | By | Reply More
Asia stocks buffeted by China worries, North Korea nuclear test

Asia stocks buffeted by China worries, North Korea nuclear test

TOKYO: Asian shares fell on Wednesday and most emerging currencies retreated as China allowed the yuan to weaken further, stoking fears about its slowing economy, while a North Korean nuclear test heightened geopolitical tensions. Souring sentiment toward riskier assets in turn lifted safe-havens such as the Japanese yen and U.S. Treasuries. MSCI’s broadest index of […]

January 6, 2016 | By | Reply More
Singapore companies need more help to cope with challenging environment: SBF

Singapore companies need more help to cope with challenging environment: SBF

SINGAPORE: More steps need to be taken to help local businesses cope with a more challenging environment, as firms grapple with issues like rising costs, a shrinking workforce and foreign manpower curbs, the Singapore Business Federation (SBF) said. In a “position paper” released on Wednesday (Jan 6), the SBF called on the Government to help […]

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Oil prices up in Asia ahead of US crude inventories report

Oil prices up in Asia ahead of US crude inventories report

January 6, 2016 SINGAPORE: Oil prices edged higher in Asia Wednesday, ahead of the release of a US stockpiles report, with investors also keeping an eye on a worsening diplomatic row between Iran and Saudi Arabia. The US Department of Energy will release later Wednesday its weekly inventory of commercial crude, with analysts surveyed by […]

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Samsung urges US court to overturn $120 million patent verdict for Apple

Samsung urges US court to overturn $120 million patent verdict for Apple

WASHINGTON: Samsung Electronics Co Ltd urged a US appeals court on Tuesday to find that a jury in 2014 should not have made the South Korean company pay nearly $120 million to Apple Inc for infringing three patents. Apple’s “quick links” patent, which accounts for more than $98 million of the damages award, was the […]

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Iran-Saudi crisis punches another hole in OPEC unity

Iran-Saudi crisis punches another hole in OPEC unity

PARIS: Escalating diplomatic tensions between Iran and Saudi Arabia have added fresh strains on OPEC’s unity as the cartel grapples with a common response to rock-bottom oil prices, experts said. While it produces a third of the world’s oil, the group has struggled with crude values that have tumbled some 60 percent since mid-2014, falling […]

January 6, 2016 | By | Reply More
Asia stocks fall on China yuan, economy worries

Asia stocks fall on China yuan, economy worries

TOKYO: Asian stocks fell on Wednesday as Beijing continued guiding the yuan lower and a survey pointed to weakness in China’s services sector, while the Japanese yen drew support from risk aversion. Talk of a possible nuclear test in North Korea further soured sentiment in Asia. South Korea’s KOSPI and the won both lost about […]

January 6, 2016 | By | Reply More
Business ethics

Business ethics

PETRONAS has been recognised by global corruption watchdog Transparency International for its organisational transparency, anti-corruption programmes and country-by-country reporting. The Malaysian oil and gas company ranks fifth in the overall index for corporate reporting among companies in emerging markets. Its continuous efforts to drive integrity and good corporate governance has been demonstrated through various programmes […]

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