Recent Articles

Win or lose, Bank of America vote shows new shareholder muscle

Win or lose, Bank of America vote shows new shareholder muscle

BOSTON/NEW YORK: A group of shareholders is looking to strip Bank of America Corp Chief Executive Brian Moynihan of his chairman title on Tuesday in an investor vote and whether they fail or succeed, they have notched a victory just by getting the bank to hold a special meeting on the matter. Tuesday’s vote is […]

September 22, 2015 | By | Reply More
Safeguards for investors to be strengthened: MAS

Safeguards for investors to be strengthened: MAS

SINGAPORE: The Monetary Authority of Singapore (MAS) will strengthen its regulatory framework for safeguarding investors’ interests, following feedback from a consultation paper published last year. The changes will affect the Securities and Futures Act (SFA), and the proposed amendments will be tabled in Parliament next year, MAS said in a news release on Tuesday (Sep […]

September 22, 2015 | By | Reply More
SME Scorecard to measure credit risk for women-led SMEs in emerging markets

SME Scorecard to measure credit risk for women-led SMEs in emerging markets

New York, Sept. 22: With an eye on helping to close the lending gap for small, women-owned businesses in emerging markets, S&P Capital IQ, a well-known company in financial data, research and analytics, yesterday announced the launch of an SME (small and medium enterprises) Scorecard, designed to provide a consistent and transparent lending framework for […]

September 22, 2015 | By | Reply More
Temasek Holdings to invest S$91m in new venture capital fund

Temasek Holdings to invest S$91m in new venture capital fund

SINGAPORE: Singapore state investment firm Temasek Holdings has committed a total of US$65 million (S$91 million) along with other investors in a venture capital fund being raised by Singapore-based Jungle Ventures, which will put money into about 20 technology startups. The new fund expects to close at US$100 million in funding in three months. Other […]

September 22, 2015 | By | Reply More
Don't blame 1MDB for slumping Malaysia Ringgit, says the state fund

Don't blame 1MDB for slumping Malaysia Ringgit, says the state fund

KUALA LUMPUR: The fall of the Ringgit is not tied to the performance of 1MDB, the state fund said on Tuesday (Sep 22), addressing statements made publicly by the head of Malaysia’s central bank a day earlier. “All issues pertaining to 1MDB should be resolved. It is only then we can see the ringgit rebound,” […]

September 22, 2015 | By | Reply More
Laugh for a good cause

Laugh for a good cause

BACK by popular demand is Malaysia’s much-loved comedian and philanthropist Allan Perera, who will be performing with more giggles, for charity, in a show sponsored by Brickfields Asia College (BAC). The charity event will be staged at PJ Live Arts in Jaya One from Oct 6 to 11. GET HAPPYEach performance will run for a […]

September 22, 2015 | By | Reply More
Boost to Cradle’s co-investment fund

Boost to Cradle’s co-investment fund

KUALA LUMPUR: CRADLE Fund Sdn Bhd, an agency under the Finance Ministry, has raised a total of RM107.2 million for its co-investment fund following the inclusion of four more partners. The four partners — Senior Marketing System Asia Pte Ltd, East Ventures SEA 2, MOC Capital Bhd and Qeerad Holdings Sdn Bhd — collectively bring […]

September 22, 2015 | By | Reply More
Areva, EDF seek investment from Mitsubishi Heavy: Nikkei

Areva, EDF seek investment from Mitsubishi Heavy: Nikkei

TOKYO: French nuclear giant Areva and power utility EDF have asked Japan’s Mitsubishi Heavy Industries to invest in Areva’s reactor subsidiary, the Nikkei business daily reported on Tuesday. EDF agreed in July to buy between 51 percent and 75 percent of Areva’s reactor arm Areva NP, a deal seen crucial for France which generates three […]

September 22, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against a rejuvenated US dollar today, said a dealer. At 9.28am, the local unit was quoted at 4.2815/2875 against the US dollar from yesterday’s close of 4.2650/2720. The dealer said the greenback strengthened on divergence of policies among central banks. “The greenback rose on the view of the US […]

September 22, 2015 | By | Reply More
Bursa Malaysia opens on firm note

Bursa Malaysia opens on firm note

KUALA LUMPUR: Bursa Malaysia opened on a firm note today on bargain hunting after yesterday’s losses. The gains were, however, short-lived as the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased by 1.67 points to 1,637.8 at 9.21am, after opening 1.11 points better at 1,640.58. Gainers outpaced losers by 178 to 107 while 155 counters […]

September 22, 2015 | By | Reply More