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China pours $67b into financial system before holiday

China pours $67b into financial system before holiday

January 26, 2016 SHANGHAI: China’s central bank said Tuesday it was injecting 440 billion yuan ($67 billion) into the money market, seeking to ease tight liquidity ahead of the Lunar New Year holiday when demand for funds surges. The injection through the regular open market operations of the People’s Bank of China (PBoC) was the […]

January 26, 2016 | By | Reply More
BOJ does not signal monetary easing in advance: Amari

BOJ does not signal monetary easing in advance: Amari

TOKYO: Japanese Economy Minister Akira Amari said on Tuesday (Jan 26) that the Bank of Japan (BOJ) does not signal in advance whether it will ease monetary policy, when asked about the chance of additional easing this week. Amari contrasted the BOJ with the European Central Bank, saying he did not think the BOJ would […]

January 26, 2016 | By | Reply More
A majestic feel at Quill

A majestic feel at Quill

TWO larger-than-life 30ft tall terracotta generals guard the main entrance while 60 warriors stand tall and proud, prepared to face any oncoming threat … Sounds very much like the apt description of the eighth wonder of the world in Xi’an, China, except that this is exactly the scene here in the heart of Kuala Lumpur […]

January 26, 2016 | By | Reply More
Celcom banks on  quality service

Celcom banks on quality service

KUALA LUMPUR: Celcom Axiata Bhd is confident it can leverage on its improved information technology (IT) infrastructure to cater for the new digital generation and see high growth in data traffic on its network this year. With recent product launches, the company has seen encouraging results for the last quarter. Celcom chief executive officer Datuk […]

January 26, 2016 | By | Reply More
US crude below US$30 as prices extend losses

US crude below US$30 as prices extend losses

SINGAPORE: US crude fell back below US$30 a barrel as world oil prices extended their losses in Asia Tuesday after worries about the global supply glut returned to the fore. After plunging to 12-year lows, prices soared late last week on hopes that plans for further economic stimulus measures in the eurozone and Japan would […]

January 26, 2016 | By | Reply More
Singapore comes out tops in APAC for talent competitiveness: Study

Singapore comes out tops in APAC for talent competitiveness: Study

SINGAPORE: For the third year running, Singapore was ranked first in the Asia Pacific in a global index on talent competitiveness, trumping New Zealand and Australia.  The annual Global Talent Competitiveness Index (GTCI), published by business school INSEAD with human resources firm Adecco and the Human Capital Leadership Institute (HCLI), also placed the Republic second […]

January 26, 2016 | By | Reply More
Oil extends slide to retest US$30 as Iraq pumps more crude

Oil extends slide to retest US$30 as Iraq pumps more crude

SEOUL: Crude futures extended falls on Tuesday to retest the US$30 a barrel level, as the market was spooked by news that Iraq’s output hit a record high and after Saudi Arabia pledged to maintain energy investment. Global benchmark Brent crude lost 37 cents to US$30.13 a barrel by 0129 GMT after hitting a session […]

January 26, 2016 | By | Reply More
SK Telecom, Samsung to provide free smartphone rentals for tourists: Report

SK Telecom, Samsung to provide free smartphone rentals for tourists: Report

SEOUL: South Korean communications giant SK Telecom on Tuesday (Jan 26) announced it would launch a free smartphone rental service for foreign tourists to South Korea, Yonhap News Agency reported.  SK Telecom will partner Samsung and the Korea Tourism Organization (KTO) under the “Enjoy Mobile Korea” programme to provide “the rental service to around 250 […]

January 26, 2016 | By | Reply More
KL shares open mixed in early trade

KL shares open mixed in early trade

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged down this morning on selective trading as traders remained on sidelines. At 9.15am, the key index stood at 1,621.97, down 3.24 points from Friday's 1,625.21 points. The index opened 2.08 points higher at 1,627.29 at 9am. The market was closed yesterday for the Thaipusam […]

January 26, 2016 | By | Reply More
Ringgit opens at 4.28 against USD

Ringgit opens at 4.28 against USD

KUALA LUMPUR: The ringgit opened higher against US dollar today, tracking the performance of regional peers, dealers said. At 9.01am, the local unit was traded at 4.2850/2920 from 4.2950/2040 against the greenback on Friday. The foreign exchange market was closed yesterday for the Thaipusam public holiday. An analyst noted that investors were waiting for the […]

January 26, 2016 | By | Reply More