Sunday, May 14th, 2017

 

India skips China’s Silk Road summit, warns of ‘unsustainable’ debt

NEW DELHI, May 14 — India has not sent an official delegation to attend the “Belt and Road Forum” in Beijing and instead criticised China’s global initiative, warning of an “unsustainable debt burden” for countries involved. Chinese…


US-China trade pact: A Trump triumph or rehashed news?

WASHINGTON, May 14 — The new trade agreement unveiled Friday between China and the United States is yet another olive branch from the Trump White House to Beijing, but some sceptics wonder how long the cooperative tone will last. One thing is…


Pakistan signs nearly US$500m in China deals at Silk Road summit

ISLAMABAD, May 14 — Pakistan signed new deals with China yesterday worth nearly US$500 million (RM2.1 billion) ahead of Beijing’s international forum on its “Silk Road” trade and infrastructure initiative for Asia, Africa and Europe, the…


G7 financial leaders reiterate FX pledges, vow more cyber cooperation

BUSBARI (Italy), May 14 — Financial leaders of seven leading world economies pledged stronger cooperation against cybercrime yesterday and not to use foreign exchange to gain competitive advantage, but stuck to their cautious wording on trade,…


US fails to reassure Europe, Japan over ‘Trumponomics’

BARI (Italy), May 14 — The United States said yesterday the world’s other rich economies were getting used to the policy plans of President Donald Trump, but Europe and Japan showed they remained worried about Washington’s shift. Officials…


Cashing in on Korean cuisine

  Some 15 years ago, Malaysians were introduced to a Korean drama series that quickly became a global sensation – Winter Sonata. This iconic series opened the doors of K-drama to the world, and Malaysia is no stranger to it! Our love for all things Korean – food, fashion, beauty, drama, music and so on […]


The week at a glance 14 May 2017

Sabah & Sarawak Labuan will still rely on Sabah after abolishment of cabotage policy The abolishment of the more than 30 year-old cabotage policy is set to benefit this duty-free-island economically, especially consumers and traders here. This is because the island has been heavily dependent, for decades, on imported food items from mainland Sabah.   […]


New revenue-sharing scheme raises incentives in Indonesia’s energy sector

A new formula for dividing revenues from Indonesia’s oil and gas fields offers a chance for greater returns in the energy sector – an opportunity that could generate more upstream investment. Introduced in mid-January, the reforms shift energy production contracts from a cost-recovery system to a gross split system using fixed shares of revenues. Under […]


Crude Palm Oil Weekly Report – May 13, 2017

Malaysian palm oil futures ended its fifth consecutive day of gains on Friday, after hitting a one-month peak, tracking weaker soyoil on the Chicago Board of Trade (CBOT) and driven by profit taking by traders ahead of the release of export data due on Monday. The benchmark palm oil futures (FCPO) contracts for July delivery […]


Bursa Malaysia to trend higher on crude oil, cpo price recovery

KUALA LUMPUR: Bursa Malaysia is likely to trend higher with the next resistance level expected at the 1,800 points level, on strong recovery in crude oil and crude palm oil (CPO) prices. Affin Hwang Investment Bank vice-president and head of Retail Research Datuk Dr Nazri Khan Adam Khan said CPO exports were expected to improve […]