Recent Articles

Guardians of the global economy descend on Bali divided

Guardians of the global economy descend on Bali divided

A Balinese spiritual group trains on the beach at Seminyak, on the Indonesian resort island of Bali. (Bloomberg pic) JAKARTA: A decade after the guardians of the world economy united to save it from depression, the scope for such shock-and-awe policies has all but dried up. It was ten years ago on Monday that the […]

October 8, 2018 | By | Reply More
Asian stocks to slip; Yuan dips, PBOC eases policy

Asian stocks to slip; Yuan dips, PBOC eases policy

A man looks at an electronic board displaying stock information at the Australian Securities Exchange in Sydney. (Bloomberg pic) SINGAPORE: Asian stocks looked set to kick off the week with declines and the yuan slipped as investors assessed the latest move by the People’s Bank of China to loosen monetary policy. Shares in China will […]

October 7, 2018 | By | Reply More
MRT2 – Govt cancels contract for underground portion, to call international tender

MRT2 – Govt cancels contract for underground portion, to call international tender

PETALING JAYA: The federal government will be calling for an international open tender for all unfinished underground work of the Mass Rapid Transit 2 (MRT2) project, after negotiations with existing turnkey contractor MMC-Gamuda Joint Venture to bring down total construction costs saw them agreeing on the above-ground portion but not underground segment. “As a result, […]

October 7, 2018 | By | Reply More
MRT2 – Govt cancels contract for underground portion, to call new international tender

MRT2 – Govt cancels contract for underground portion, to call new international tender

PETALING JAYA: The federal government will be calling for an international open tender for all unfinished underground work of the Mass Rapid Transit 2 (MRT2) project, after negotiations with existing turnkey contractor MMC-Gamuda Joint Venture to bring down total construction costs saw them agreeing on the above-ground portion but not underground segment. “As a result, […]

October 7, 2018 | By | Reply More
Financing, viability of new national car a drag on DRB-Hicom?

Financing, viability of new national car a drag on DRB-Hicom?

PETALING JAYA: While DRB-Hicom Bhd’s participation in the new national car development is viewed to be in line with its strategic automotive plan, analysts have concerns on the financing and viability of the project that may drag DRB-Hicom in the short term. HLIB Research is neutral on the revelation of DRB-Hicom’s 96.9%-owned Composites Technology Research […]

October 7, 2018 | By | Reply More
China slashes banks' reserve requirements as trade war crimps growth

China slashes banks' reserve requirements as trade war crimps growth

BEIJING: China’s central bank today announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States. The reserve requirement cut, the fourth by the People’s Bank […]

October 7, 2018 | By | Reply More
As US sanctions loom, Iran passes anti-terror financing rules

As US sanctions loom, Iran passes anti-terror financing rules

Iranian MPs display their disagreement over a bill to counter terrorist financing in parliament in Tehran. (AFP pic) TEHRAN: Iran’s parliament approved a bill on Sunday to bring the country’s banks in line with global standards on anti-terrorism financing and reduce their exposure as the Islamic Republic enters another new era of tough US sanctions. […]

October 7, 2018 | By | Reply More
Telco sector seen facing stiff headwinds

Telco sector seen facing stiff headwinds

PETALING JAYA: The telecommunications (telco) sector is expected to face difficult headwinds given the heightened regulatory pressure and competition that is unlikely to abate anytime soon, said PublicInvest Research analyst Eltricia Foong. “We reckon that the operating landscape for both mobile and fixed-line operators will continue to be challenging. In the past, the fixed-line broadband […]

October 7, 2018 | By | Reply More
US scrutiny of Danske scandal changes everything for investors

US scrutiny of Danske scandal changes everything for investors

A flag flies above the headquarters of Danske Bank A/S in Copenhagen. (Bloomberg pic) COPENHAGEN: The Estonian laundromat scandal has been on Danske Bank A/S investors’ radar for more than a year. But last week, everything changed. News of a US Department of Justice investigation has caused panic. The bank’s shares were dumped and some […]

October 7, 2018 | By | Reply More
Turkey will not compromise budget discipline in new inflation programme

Turkey will not compromise budget discipline in new inflation programme

Albayrak said he would announce a programme as part of the government’s “full-fledged” battle against rising consumer prices. (Bloomberg pic) ANKARA: Turkish Finance Minister Berat Albayrak said there would be no compromise in budget discipline in his programme to combat surging inflation due to be announced next week, the state-run Anadolu news agency reported on […]

October 7, 2018 | By | Reply More