Thursday, March 23rd, 2017

 

Aeon Credit, Axiata,TM, Utusan, PLB, Scomi, Systech, Mitrajaya, Mexter, Gamuda, Berjaya Land, Hiap Teck Venture, ML Global, Iris, Integrated Logistics and Jaycorp

Aeon Credit, Axiata,TM, Utusan, PLB, Scomi, Systech, Mitrajaya, Mexter, Gamuda, Berjaya Land, Hiap Teck Venture, ML Global, Iris, Integrated Logistics and Jaycorp

KUALA LUMPUR (March 23): Based on corporate announcements on Bursa Malaysia and news flow today, companies that may be in focus on Friday (March 24) could include the following: Aeon Credit Service (M) Bhd, Axiata Group Bhd, Telekom Malaysia Bhd, Utusan Melayu Malaysia Bhd, PLB Engineering Bhd, Scomi Group Bhd, Systech Bhd, Mitrajaya Holdings Bhd, Mexter Technology Bhd, Gamuda Bhd, Berjaya Land Bhd, Hiap Teck Venture Bhd, ML Global Bhd, Iris Corp Bhd, Integrated Logistics Bhd and Jaycorp Bhd.

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Cuscapi prices private placement shares at ‘big’ discount

Cuscapi prices private placement shares at 'big' discount

KUALA LUMPUR (March 23): Loss-making software solutions firm Cuscapi Bhd has fixed the price for the first tranche of its private placement exercise at 22.3 sen per share, which is 9.2 sen or 28.5% below its closing price of 31.5 sen today.

In a filing to Bursa Malaysia today, the cash-strapped firm said the price for the private placement shares represents a discount of 2.39 sen or 9.68% to its five-day volume weighted average market price up to March 22.

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Dollar steady as US healthcare vote looms

NEW YORK, March 23 — The dollar hovered near a four-month low against the Japanese yen today ahead of a vote on Republican healthcare plans seen as a litmus test of US President Donald Trump’s ability to legislate in Congress and deliver on…


Westinghouse bankruptcy may limit Toshiba’s looming losses

Westinghouse bankruptcy may limit Toshiba's looming losses

(March 23): Toshiba Corp, reeling from an impending multibillion-dollar writedown in its Westinghouse Electric unit, has been battered to the point where a possible bankruptcy of the nuclear equipment business is being cheered by investors.

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2017 monetary policies to focus on domestic growth, price stability, says BNM

2017 monetary policies to focus on domestic growth, price stability, says BNM

KUALA LUMPUR (March 23): Bank Negara Malaysia expects monetary policies in 2017 to focus on domestic growth and price stability, on the back of higher inflation, volatile capital flows and lingering constraints in the economic and financial environment.

“The global economy is anticipated to improve gradually in 2017,” the central bank said in its Annual Report 2016, though it acknowledged higher trade protectionism and geopolitical developments globally as potential setbacks.

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Wall St rises as bank stocks jump; healthcare vote eyed

Wall St rises as bank stocks jump; healthcare vote eyed

(March 23): US stocks were higher in late morning trading on Thursday as investors snapped up beaten-down bank stocks, but remained cautious ahead of a vote on a healthcare bill that is seen as President Donald Trump’s first policy test.

Trump was set to make a final push to secure the votes to begin dismantling Obamacare in the House of Representatives, with signs that enough Republicans might defect to jeopardize one of his top legislative priorities.

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China debt risks go global amid record junk sales abroad

(March 23): China’s riskiest corporate borrowers are raising an unprecedented amount of debt overseas, leaving global investors to shoulder more credit risks after onshore defaults quadrupled in 2016.

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Tata Consultancy says plans to step up local hiring in US

Tata Consultancy says plans to step up local hiring in US

BOAO, China (March 23): India’s top software services exporter Tata Consultancy Services will step up local hiring in the United States and has no plans to cut investments there as it continues to expect robust growth from its biggest overseas market.

“In the last four or five years, we have been recruiting heavily in the US,” Girish Ramachandran, head of Asia Pacific region of TCS, told Reuters in an interview on the sidelines of the Boao Forum for Asia in China’s Hainan province.

“We are planning to increase the number of recruitments we have in these markets.”


Oil falls amid surging US supplies, concern about Opec accord

NEW YORK, March 23 — Oil slipped as US crude supplies rose to a record and concern lingered about whether OPEC and its allies will curb output enough to drain a global glut. Futures dropped as much as 1 per cent in New York, erasing early…


British retail sales suffer biggest squeeze in nearly 7 years as inflation bites

British retail sales suffer biggest squeeze in nearly 7 years as inflation bites

LONDON (March 23): British retail sales shrank at the fastest rate in nearly seven years during the past three months, despite a pickup in February, adding to signs that a major driver of Britain’s economy is faltering after last year’s Brexit vote.

Major clothing retailer Next underlined the shift, saying it was “extremely cautious” about its prospects, partly due to higher inflation, after reporting its first fall in profits since 2009.

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