Recent Articles

Iron law of history blunts China tariffs folly: David Fickling

Iron law of history blunts China tariffs folly: David Fickling

America has far more to gain in the long term by trading with a more prosperous China than one that’s been stunted by an ill-advised attempt to freeze its economy in the past. (Bloomberg pic) WASHINGTON: Who invented modern steel? It’s a 160-year-old controversy that’s still going strong – and the answer, in a way, […]

June 17, 2018 | By | Reply More
Easy money era endures even as central banks unwind stimulus

Easy money era endures even as central banks unwind stimulus

European Central Bank President Mario Draghi said a decision to halt bond purchases by December would still leave significant monetary stimulus beyond then, especially as euro-zone rates won’t go up before the summer of 2019. (Bloomberg pic) HONG KONG: Don’t declare the end of easy money just yet. Major central banks took significant steps last […]

June 17, 2018 | By | Reply More
Ringgit likely to slip further against US dollar

Ringgit likely to slip further against US dollar

PETALING JAYA: It is highly likely that ringgit, which was trending at RM3.9845 to the US dollar last Thursday, to weaken further against the greenback and trade at below RM4.00 in anticipation of more rate increases in the US this year. FXTM global head of currency strategy & market research Jameel Ahmad told SunBiz that […]

June 17, 2018 | By | Reply More
New cryptocurrency player SIM Chain draws US$30m from China investors since June 4 launch

New cryptocurrency player SIM Chain draws US$30m from China investors since June 4 launch

KUALA LUMPUR: New cryptocurrency firm SIM Chain International has garnered US$30 million (RM120 million) in cryptocurrency investment from 100 mainland China business partners in two weeks since the company was established on June 4, 2018. SIM Chain is a subsidiary of Koperasi Blue Ocean 1 Nation Kuala Lumpur Bhd, whose principal activities include movie production, […]

June 17, 2018 | By | Reply More
Malaysia power shift hits China infrastructure drive

Malaysia power shift hits China infrastructure drive

KUALA LUMPUR: Malaysia was once a loyal partner in China’s globe-spanning infrastructure drive but a new government is now pledging to review Beijing-backed projects, threatening key links in the much-vaunted initiative. Kuala Lumpur’s previous regime, led by scandal-mired Datuk Seri Najib Abdul Razak, had warm ties with China and signed a string of deals for […]

June 17, 2018 | By | Reply More
Tesla: Loving Nation now wants to be a pioneer in electric planes

Tesla: Loving Nation now wants to be a pioneer in electric planes

Wideroe sees no major technological barriers ahead and plans to launch its first commercial aircraft propelled by some form of electric power within the next 10 years. The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in Cardiff, California. (Reuters pic) OSLO: Home to some of the busiest flight routes […]

June 17, 2018 | By | Reply More
Bursa trading velocity profoundly low during World Cup

Bursa trading velocity profoundly low during World Cup

PETALING JAYA: The trading velocity in Malaysia during the 2018 World Cup is expected to be subdued not just because of this event but also due to the festive season, according to MIDF Research. “We do not expect the World Cup event to change the fundamentals of all stocks under our coverage. Hence, we maintain […]

June 17, 2018 | By | Reply More
Orkid Cosmetics in talks with angel investors, eyes foreign markets

Orkid Cosmetics in talks with angel investors, eyes foreign markets

PETALING JAYA: Orkid Cosmetics plans to raise RM250,000-RM500,000 in its pre-seed round this year to scale up the one-year-old business, including bringing in more products and entering two to three new markets in India, the UK and the US. Founder Raeesa Syahirah (pix) said it is in talks with a few angel investors to grow […]

June 17, 2018 | By | Reply More
Orkid Cosmetics set to bloom

Orkid Cosmetics set to bloom

PETALING JAYA: Orkid Cosmetics plans to raise RM250,000-RM500,000 in its pre-seed round this year to scale up the one-year-old business, including bringing in more products and entering two to three new markets in India, the UK and the US. Founder Raeesa Syahirah said it is in talks with a few angel investors to grow the […]

June 17, 2018 | By | Reply More
eBay’s new platform a hit with local businesses

eBay’s new platform a hit with local businesses

KUALA LUMPUR: Global e-commerce platform, eBay, which launched its “Go Global with eBay” initiative almost a year ago, has managed to attract more than 3,500 Malaysian businesses. Head of Seller Growth (SEA Cross Border Trade) Wong Mei Inn said eBay was focused on offering localised seller support to catalyse the growth of cross-border trade in […]

June 17, 2018 | By | Reply More