Recent Articles

Asian shares off to cautious start; China shares, ECB eyed

Asian shares off to cautious start; China shares, ECB eyed

TOKYO: Asian shares were on edge on Monday after a sharp fall in Chinese markets in the previous session, while the euro hovered near seven-month low as the currency braced for the European Central Bank’s monetary easing later this week. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent as South Korean stocks […]

November 30, 2015 | By | Reply More
Mini-vans the next big thing as China eases one-child policy

Mini-vans the next big thing as China eases one-child policy

GUANGZHOU, China: Automakers are betting that Chinese families will embrace the mini-van, hoping the larger, unsexy sibling of the bestselling SUV will become the next big thing just as Beijing relaxes the one-child policy. Mini-vans, or multi-purpose vehicles (MPVs), were front and centre at the Guangzhou auto show, where Volkswagen AG presented a supersized version […]

November 29, 2015 | By | Reply More
Emerging market funds seek escape from traditional indexes

Emerging market funds seek escape from traditional indexes

LONDON: Emerging market fund managers are seeking to escape from the straitjacket of traditional benchmark indexes in favor of a more flexible approach to capture the diverging performances of different countries and sectors. The dilemma for such investors is illustrated by MSCI’s widely used emerging equity benchmark. So far this year, this index is down […]

November 29, 2015 | By | Reply More
Saudi developer secures funds to complete world's tallest tower

Saudi developer secures funds to complete world's tallest tower

RIYADH: The Saudi developer behind plans for the world’s tallest building said on Sunday (Nov 29) it had secured financing to complete the record-breaking project. Kingdom Holding Co, chaired by billionaire Saudi Prince Alwaleed bin Talal, said its affiliate Jeddah Economic Company had reached a more than US$2 billion financing deal with Saudi Arabia’s Alinma […]

November 29, 2015 | By | Reply More
InvestKL to improve business ‘ecosystem’

InvestKL to improve business ‘ecosystem’

KUALA LUMPUR: InvestKL wants to provide a better ecosystem for foreign investors in Malaysia, as part of its continuous efforts to improve the ease of doing business here, said its CEO, Datuk Zainal Amanshah. “We are trying to make the ecosystem in terms of immigration, the logistics and the ports even smoother. We also engage […]

November 29, 2015 | By | Reply More
Affin’s Q3 net profit down 24% on higher impairment allowances

Affin’s Q3 net profit down 24% on higher impairment allowances

PETALING JAYA: Affin Holdings Bhd saw its net profit for the third quarter ended Sept 30, 2015 (Q3FY15) drop 23.6% to RM102.4 million, compared with RM134 million in the previous corresponding quarter due to higher allowances for impairments.Revenue for the quarter fell 8% to RM459.8 million, against RM498.7 million a year ago. Its allowances for […]

November 29, 2015 | By | Reply More
Berjaya Assets Q1 net profit jumps 62%

Berjaya Assets Q1 net profit jumps 62%

PETALING JAYA: Berjaya Assets Bhd’s (BAssets) net profit for the first quarter ended Sept 30, 2015, soared 62.7% to RM11.6 million, from RM7.14 million in the previous corresponding quarter, mainly due to higher revenue from property development and the investment business segment. It said that the gaming business segment operated by Natural Avenue Sdn Bhd […]

November 29, 2015 | By | Reply More
AmBank: Weaknesses in reporting system led to RM53.7 million penalty

AmBank: Weaknesses in reporting system led to RM53.7 million penalty

PETALING JAYA: AMMB Holdings Bhd (AmBank Group) said a RM53.7 million fine by Bank Negara Malaysia (BNM) announced last week was the result of weaknesses in its reporting systems and processes in place “at the time”, as well as inadequate skills on the part of some of its staff. The banking group did not elaborate […]

November 29, 2015 | By | Reply More
1MDB: We broke even on investments in Edra

1MDB: We broke even on investments in Edra

PETALING JAYA: 1Malaysia Development Bhd (1MDB) said it has broken even on its investments in Edra Energy Global after it was sold to China General Nuclear Power Corporation (CGN). The sovereign fund said it will receive RM9.83 billion from the deal while CGN will take on Edra’s RM7.43 billion debt. “Accordingly through cash receipts and […]

November 29, 2015 | By | Reply More
Baby boon: mini-vans the next big thing as China eases one-child policy

Baby boon: mini-vans the next big thing as China eases one-child policy

GUANGZHOU, China: Automakers are betting that Chinese families will embrace the mini-van, hoping the larger, unsexy sibling of the bestselling SUV will become the next big thing just as Beijing relaxes the one-child policy. Mini-vans, or multi-purpose vehicles (MPVs), were front and center at the Guangzhou auto show, where Volkswagen AG presented a supersized version […]

November 29, 2015 | By | Reply More