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Drivers unlikely to enjoy much savings at pumps despite lower oil prices: Analysts

Drivers unlikely to enjoy much savings at pumps despite lower oil prices: Analysts

SINGAPORE: Crude oil prices have fallen to their lowest in more than a decade, but this does not mean that motorists will see any significant decrease in pump prices — although households could enjoy some relief in their utilities bills in coming months. This is because other factors such as petrol duties and various business […]

January 18, 2016 | By | Reply More
Singapore’s exports contract 7.2% in December

Singapore’s exports contract 7.2% in December

SINGAPORE: Non-oil domestic exports (NODX) in Singapore slumped further last month, hurt by a sharp decline in non-electronic exports, International Enterprise (IE) Singapore said on Monday (Jan 18). On a year-on-year basis, NODX fell 7.2 per cent in December, after registering a 3.4 per cent decrease the previous month, according to the agency, which drives […]

January 18, 2016 | By | Reply More
Oil slides to lowest since 2003 as Iran sanctions lifted

Oil slides to lowest since 2003 as Iran sanctions lifted

TOKYO: Brent and U.S. crude futures fell to the lowest since 2003 in Asian trading on Monday as the market braced for a jump in Iranian oil exports following the lifting of the sanctions at the weekend. Iran is ready to increase its crude exports by 500,000 barrels a day, the deputy oil minister said […]

January 18, 2016 | By | Reply More
Asian shares near 2011 low as oil woes deepen

Asian shares near 2011 low as oil woes deepen

TOKYO: Asian shares are set to slide to near their 2011 troughs on Monday following weak U.S. economic data and falls in oil prices that showed no sign of abating, stoking further worries about a global economic downturn. The Nikkei futures’ Friday close suggests Japan’s Nikkei is likely to fall more than two percent, below […]

January 17, 2016 | By | Reply More
China launches AIIB bank despite opposition from United States

China launches AIIB bank despite opposition from United States

BEIJING: The Asian Infrastructure Investment Bank (AIIB) was launched at a ceremony in Beijing on Saturday (Jan 16) despite opposition from Washington. Allies of the United States, including Australia, Britain, Germany, South Korea and the Philippines, have agreed to join the 57-member-strong bank. The AIIB aims to be a new multilateral financial institution designed to […]

January 17, 2016 | By | Reply More
Scan Associates shareholders reject directors’ fees

Scan Associates shareholders reject directors’ fees

PETALING JAYA: Shareholders of Scan Associates Bhd, which are embroiled in a boardroom tussle, rejected the payment of directors’ fees amounting RM156,000 for the financial year ended June 30, 2015 (FY15) at its adjourned AGM last Friday. Other resolutions were passed, including the election of the company’s co-founder and former CEO Datuk Norbik Bashah Idris. […]

January 17, 2016 | By | Reply More
The conundrum of the revised Open AP system

The conundrum of the revised Open AP system

PETALING JAYA: Now that the government has decided to continue with – and improve – the Open Approved Permit (AP) system for used-car imports, car manufacturers in the country are waiting eagerly to see how the new version will fit in with existing automotive policies, especially the National Automotive Policy 2014 (NAP 2014). Original equipment […]

January 17, 2016 | By | Reply More
Brahim’s aims to expand overseas business through SATS, Tabung Haji

Brahim’s aims to expand overseas business through SATS, Tabung Haji

KUALA LUMPUR: Brahim’s Holdings Bhd (BHB) aims to grow its business overseas by leveraging on its presence in China, Australia and Japan via SATS Investments Pte Ltd and Lembaga Tabung Haji (TH). “SATS is one of the major players in airline catering. They’ve got presence in 43 airline kitchens all over the world. Besides that, […]

January 17, 2016 | By | Reply More
APs a ‘cash cow’ to the holders

APs a ‘cash cow’ to the holders

PETALING JAYA: It is an open secret that the Open Approved Permits (APs) to import foreign vehicles into the country are “cash cows” to the permit holders. The lack of transparency and accountability on how the AP holders are selected has led to a system that is open to abuse. The controversy related to the […]

January 17, 2016 | By | Reply More
D&O set to post strong earnings: PublicInvest

D&O set to post strong earnings: PublicInvest

PETALING JAYA: D&O Green Technologies Bhd is expected to achieve strong earnings this financial year ending Dec 31, 2016 (FY16), riding on its continuous capacity expansion and the strong US dollar. PublicInvest Research, which has a fair value of 47 sen on the stock, expects the group to achieve strong double-digit earnings growth over the […]

January 17, 2016 | By | Reply More