Sunday, October 30th, 2016

 

Easing cash crunch spurs Saudi banks as stocks extend win streak

DUBAI, Oct 30 — Saudi Arabian stocks rose the most among Gulf equities, poised to extend their longest winning streak in more than two years on investor optimism the outlook for the kingdom’s banks is improving. Four of the five biggest… Source: The Malay Mail Online


Risking Beijing’s ire, Germany gets tough on Chinese takeovers

FRANKFURT, Oct 30 — Alarmed by a raft of Chinese takeovers, Germany is putting the brakes on the Asian giant’s shopping spree as it sends out the message that not everything is for sale — at the risk of antagonising Beijing. The more… Source: The Malay Mail Online


EU and Canada to sign trade deal after Belgian drama

BRUSSELS, Oct 30 — After a chaotic drama in which a small Belgian region threatened to sink a giant trade deal seven years in the making, the European Union and Canada will finally sign on the dotted line today. Canadian Prime Minister Justin… Source: The Malay Mail Online


Opec splits prevent deal with other producers to curb supply

VIENNA, Oct 30 — Opec’s internal disagreements over how to implement oil-supply cuts agreed last month prevented a deal to secure the cooperation of other major suppliers. More than 18 hours of talks over two days in Vienna yielded little… Source: The Malay Mail Online


Budget 2017 easing the burdens of B40, M40

  Like any ordinary Malaysian citizen, Michael was waiting anxiously for the annual budget announcement at 4pm on October 21. The 35-year old businessman, who operates a small and medium sized plantation company, plans to expand his business by exporting its products to generate more income in the current challenging economic environment. His wife, Brenda, […] Source: Borneo Post Online


The week at a glance 30 October 2016

Sabah & Sarawak HSL still a good proxy to booming construction sector in East Malaysia Hock Seng Lee Bhd (HSL) has been viewed by AmInvestment Bank Bhd (AmInvestment Bank) to be a good proxy to the booming construction sector in East Malaysia. According to AmInvestment Bank, this is backed by massive infrastructure developments such as […] Source: Borneo Post Online


Market to remain directionless

The market started on a bullish note last week after the tabling of the budget but failed to rally as global market performances were mixed and ringgit weakened against the US dollar. Trading volume remained low and this indicates that market participants are staying in the sidelines. The reason could probably be the US presidential […] Source: Borneo Post Online


Bursa Malaysia likely to trade sideways

KUALA LUMPUR: Bursa Malaysia is likely to continue to trade sideways, with the benchmark index expected to be trapped between 1,660 and 1,680 points due to the weak market sentiment, said Affin Hwang Investment Bank. Its president/head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the market will be concerned over the better […] Source: Borneo Post Online


Crude Palm Oil Weekly Report – October 29, 2016

Malaysian palm oil futures securing their third weekly gain and closed at 2,789, supported by bullish sentiment and strong fundamentals while market staying on the sidelines ahead of cargo surveyor export report. Crude palm oil futures (FCPO) benchmark January 2016 contract settled at 2,788 on Friday, up 64 points or 2.3 per cent from 2,724 […] Source: Borneo Post Online


Thailand’s rail network set for expansion thanks to regional partners

Thailand’s rail transport sector is set to expand over the next decade, with construction on a new high-speed railway line to begin as early as next year while upgrades to the country’s mass rapid transit system are already under way. Upon completion, these projects – conducted in partnership with China and Japan – are set […] Source: Borneo Post Online