Sunday, May 7th, 2017

 

UK businesses must hire more British workers, May’s Tories say

LONDON, May 7 — Businesses based in the UK must hire more British workers, Home Secretary Amber Rudd said as she warned that companies will not be able to rely on workers from the European Union after Brexit. The government will push…


China reserves rise a third month on tighter capital control

BEIJING, May 7 — China’s foreign-exchange reserves rose for a third month in April, beating estimates, as tighter capital controls kept money from flowing out of the country and the yuan was stable. Reserves climbed US$20.45 billion (RM88.7…


Record high exports in March proves govt resolve in promoting Malaysian products, Ahmad Maslan says

PONTIAN, May 7 — The record high exports in March, which breached the RM80 billion mark, the highest since independence, proves the government’s resolve in promoting Malaysian products abroad, Deputy International Trade and Industry Minister…


China’s April forex reserves rise, beating market expectations

BEIJING, May 7 — China’s foreign exchange reserves rose in April for a third straight month, beating market expectations, as capital controls and a pause in the dollar’s rally helped staunch capital outflows. The April rise is reassuring…


Canada’s Trudeau mulls coal ban in response to US lumber tariffs

OTTAWA, May 7 — Canadian Prime Minister Justin Trudeau told the leader of timber-rich British Columbia that he would consider her request to ban thermal coal shipments in retaliation for new US tariffs on softwood slumber. In a letter to BC…


Zcash, the virtual money making its mark

NEW YORK, May 7 — Zcash, the latest virtual currency, has been a smash success since its launch seven months ago, drawing in new users with promises of unrivalled privacy protection. But the new virtual money could face a tough battle…


Warren Buffett says coal won’t make a comeback

NEW YORK, May 7 — Billionaire investor Warren Buffett yesterday said he doubted coal could make a comeback, dismissing a push by US President Donald Trump to revive the declining American industry. “If you are tied to coal, you’ve got…


China construction firms: Friend or foe?

The practice of economic reform for more than 30 years in China has given rise to wealthy investors and companies, ever ready for good investments overseas. Today, China has grown to become one of the world’s major growth engines and Asia’s leading economic powerhouse with outbound investments growing to great heights. In 2016, Ernst & […]


The week at a glance 7 May 2017

Sabah & Sarawak Muhibbah bags second win of the year Muhibbah Engineering Malaysia Bhd (Muhibbah) has bagged its second win of the year with an RM584.4 million contract from the Bintulu Port Authority. The announcement of the win was made via a filing on Bursa Malaysia where the company detailed that the contract was received […]


BPA Malaysia weekly bond market report 7 May 2017

The highlight of the week was the Federal Open Market Committee (FOMC)  meeting, which was concluded on Wednesday. As widely expected, US  policymakers held the target range for the federal funds rate unchanged at 0.75 to  one per cent. According to the FOMC statement, US policymakers viewed that the  slowdown in growth for the first […]