August, 2017


Euro dips on ECB bets, election poll knocks kiwi lower

NEW YORK, Aug 31 — The euro slipped against the dollar today after sources told Reuters that a growing number of European Central Bank policymakers were concerned by the strength of the euro and may go slower tightening monetary policy as a…

Wall Street higher as data points to strengthening economy

NEW YORK, Aug 31 — Wall Street was higher in late morning trading yesterday as upbeat data pointed to strength in the economy. The Commerce Department said consumer spending, which accounts for more than two-thirds of US economic activity,…

Campbell drops after bleak outlook follows blow from Buffett

NEW YORK, Aug 31 — Campbell Soup Co shares plummeted after the packaged-food company posted disappointing earnings and delivered a weaker-than-expected forecast, bringing more evidence that an industrywide slump is here to stay. The tepid…

Facebook Watch steps up competition with YouTube for ad dollars

SAN FRANCISCO, Aug 31 — Facebook Inc launched its Watch video service to US users today with plans to allow people to submit shows, as the No. 1 social media network takes on Alphabet Inc’s YouTube to boost advertising revenue. The move…

Moody’s affirms Axiata’s BAA2 rating with stable outlook

KUALA LUMPUR, Aug 31 — Moody’s Investors Service Inc has reaffirmed Axiata Group Bhd’s Baa2 rating on its sukuk notes on the back of senior unsecured debt issued by Axiata SPV1 (Labuan) Ltd and MTN programme established by Axiata SPV2 Bhd,…

China company scraps deal for Hollywood’s Millennium Films

SHANGHAI, Aug 31 — Recon Wenyuan Cable Co, a wire and cable company controlled by Chinese businessman Tony Xia, has scrapped plans to buy US-based Millennium Films amid a Chinese government campaign to discourage some overseas purchases….

Pound losses accelerate after Brexit talks end in stalemate

LONDON, Aug 31 — The pound fell to a one-week low after Brexit negotiations between the UK and the European Union ended in acrimony. Sterling’s losses contributed to the currency’s biggest monthly decline since October after Michel…

AJ Biologics Malaysia to help Pakistan province fight dengue

PETALING JAYA: AJ Biologics Malaysia, a member of the Aljomaih Group based in Saudi Arabia, is collaborating with the government of Kybher Pakhtunkwa, Pakistan, to help manage and contain the current dengue outbreak within the North Western Pakistani province.

Khyber Pakhtunkhwa is one of the four administrative provinces of Pakistan.

AJ Biologics is the flagship investment of AJ Pharma Holding.

The agreement will see the Khyber Pakhtunkhwa government invest in a Dengue Advisory Board that uses AJ Biologics’ expertise and capabilities to create a programme that focuses on containment, education, treatment protocols and training to combat the country’s current dengue outbreak. This is a critical effort in addressing the situation which has recorded more than 1,000 dengue cases and killed five people in the past two weeks.

AJ Biologics, through the advisory board, will develop training programmes that will include understanding modes of dengue transmission, identifying the clinical manifestations of the four different dengue serotypes, as well as providing accurate diagnosis and subsequent clinical management of the disease.

The board will comprise AJ Vaccine Group chairman Dr Tabassum Khan, AJ Biologics COO Jerome Cabannes, Dr Mobashir Ahmed Bhatti, RMP consultant and clinical/preventive nutritional medicine member of the National Commission for Human Development, Pakistan, and two Malaysian independent researchers with globally renowned credentials in dengue management and emerging diseases.

The MoU was signed by Farah Hamid, Secretary for Industries, Commerce & Technical Education, Government of Khyber Pakhtunkhwa, and Cabannes.

Speaking at the signing ceremony, Farah said, “Dengue is a relatively new occurrence in KP (Khyber Pakhtunkhwa) and the recent outbreak in the region is something we had not anticipated. The KP government has focused a lot of resources in public education and raising awareness on the disease. The partnership with AJB (AJ Biologics) is a strategic investment on our part to amplify our existing efforts by improving our medical and technical knowledge in managing the disease.”

Speaking on behalf of AJ Biologics, Dr Tabassum Khan said, “Malaysia has one of the best dengue surveillance capabilities in Southeast Asia and we have also been very successful in combatting and containing the repeated outbreaks that the country has experienced. Therefore, we are pleased to offer AJB’s experience and expertise to healthcare professionals in Pakistan, as we look at the prevention and complete eradication of dengue.”

Malaysians on the advisory board will conduct a site visit and fact-finding mission to Pakistan to come up with recommendations. The agreement with the Khyber Pakhtunkhwa government includes a tuberculosis screening programme to prevent and manage the disease, which is prevalent in the Indian subcontinent.

Bursa Malaysia closed on Monday

PETALING JAYA: Bursa Malaysia Bhd and its subsidiaries will be closed on Monday in conjunction with a special public holiday as announced by Prime Minister Datuk Seri Najib Abdul Razak at the close of the 2017 KL SEA Games.

The announcement was made after Malaysia achieved its best showing ever, bagging 145 gold, 92 silver and 86 bronze medals.

Operations will resume on Tuesday, Sept 5.

Aston Martin says Brexit non-tariff trade barriers the biggest worry

TOKYO, Aug 31 — The head of luxury British carmaker Aston Martin said today that non-tariff barriers to trade, which could slow down the export of the firm’s top-end models, were his biggest concern about Brexit. Chief Executive Andy Palmer,…