Sunday, August 6th, 2017

 

This week at a glance (6 Aug 2017)

Global equities Top 10 Finance and Bursa news

Sabah & Sarawak Sabah’s WMG to launch RM1.3 billion new projects post-listing Sabah-based property developer WMG Holdings Bhd is set to expand its land bank and launch more development projects in Sabah upon its successful listing on the Main Market of Bursa Malaysia via a reverse take-over of Tekala Corporation Bhd. Currently, WMG has a […]


Warren Buffett’s Worst Stocks of 2017 so far

Image source: The Motley Fool. Warren Buffett would be the first to admit that not every stock pick he makes is successful. Although most of the holdings in Buffett’s Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B)portfolio have done pretty well this year, there are several stocks that haven’t. Verizon Communications (NYSE: VZ), General Electric Company (NYSE: GE), International Business Machines (NYSE: IBM), United Parcel Service (NYSE: UPS), and Phillips 66 (NYSE: PSX)currently rank as Buffett’s worst stocks of 2017 so far. Here’s why. Verizon: Biggest loss but smallest stake Verizon has been Warren Buffett’s worst stock by far in 2017. Shares of theRead More


UK prepared to pay €40b Brexit bill, says report

LONDON, Aug 6 — Britain is prepared to pay up to €40 billion (approx. RM200 billion) to the European Union to settle its accounts when it leaves the bloc, the Sunday Telegraph newspaper reported. It is the first time the British side has put…


Social media: Feeding the frenzy

With a whopping 80.2 per cent of Malaysian internet users proclaiming themselves to being ‘hooked’ on social media, there is little wonder as to why corporations, businesses and even government agencies scramble to establish a presence within social media spheres. On average, our self-proclaimed social media addicts have a total of four social media accounts […]


Myanmar steps up reforms to entice investors

A combination of market reform and a rebound in foreign investment is expected to underpin stronger growth in Myanmar’s economy this year and into 2018. The process of opening up the economy to private sector and overseas involvement took a key step forward in mid-June, with the Ministry of Commerce announcing further liberalisation of trade […]