Sunday, December 10th, 2017


Winklevoss sees bitcoin surging as much as 20 times higher

PORTLAND, Dec 10 — Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an…

Malaysia Top 10 Business News Weekly (3-9 Dec 17)

Global equities Top 10 Finance and Bursa news

Sabah & Sarawak KKB Engineering secures RM16.8 mln contract, orders KKB Engineering Bhd has secured a combined contract and orders of RM16.8 million from Hock Peng Realty Sdn Bhd, LP Capital Construction Sdn Bhd and MKM Wira (M) Sdn Bhd. In a filing to Bursa on Monday, the HPRSB’s contract is for the supply, fabrication, […]

Bitcoin looks like bubble, New Zealand’s central banker warns

WELLINGTON, Dec 10 — Bitcoin’s spectacular gains look like a speculative bubble and the cryptocurrency is too unstable to be useful in the future, New Zealand’s central banker said. “It looks remarkably like a bubble forming to me,”…

Digital gamechangers in finance, insurance

Malaysia is on the cusp of innovation in economic and financial sector development. This was evident during the weekend of November 24 to 26, 2017 during the Karnival Kewangan Sarawak. An effort by Bank Negara Malaysia, the carnival serves as a spot for financial and non-financial services both public and private to meet and peddle […]

Equities Weekly: Subdued equity markets performances after a week of gains

Equity market performances were subdued over the week ended December 1, 2017, with the MSCI AC World Index falling a slight 0.55 per cent. Amid optimism over tax reform and positive economic data, the US equity market, as represented by the S&P 500 Index, rose 0.95 per cent over last week and was the best […]