Saturday, December 16th, 2017

 

Next Week Stocks in Focus (18 Dec 2017)

KUALA LUMPUR (Dec 15): Based on corporate announcements and news flow today, stocks in focus on Monday (Dec 18) may include: Eco World International Bhd,…


PM Najib receives Bahrain’s highest award

MANAMA (Dec 16): Prime Minister Datuk Seri Najib Tun Razak has been conferred Bahrain’s highest award. Najib received King Hamad Order for Development from the Bahrain…


Bursa may take a breather next week

KUALA LUMPUR, Dec 16 — Bursa Malaysia is still within the uptrend channel but after the steep rally over the past few trading days, stocks on the local front may take a breather next week, said Hong Leong Investment Bank (HLIB). Any pullback…


Ringgit to trade between 4.06-4.10 against US dollar next week

KUALA LUMPUR, Dec 16 — The ringgit is likely to remain muted against the US dollar next week, as the foreign exchange market is expected to be subdued as it entered the holiday season. OANDA Head of Trading Asia-Pacific Stephen Innes said the…


Bursa Malaysia introduces two new trading features

KUALA LUMPUR: Bursa Malaysia Securities Bhd has introduced two new trading features which provide alternatives for participants to efficiently execute a greater variety of trading strategies. In a statement yesterday, it said, the first was the good-till-cancel feature where a new order validity would remain in the order book until it expired after 30 calendar […]


PSC equalisation creates level playing field for airlines — IATA

KUALA LUMPUR: The equalisation of passenger service charges (PSC) at the Kuala Lumpur International Airport (KLIA) and klia2 will establish a level playing field for the airlines operating in Malaysia, said the International Air Transport Association (IATA). In a statement yesterday, IATA Regional vice-president for Asia Pacific, Conrad Clifford, said the association applauded the Malaysian […]


ECO World buys 70 per cent of UK firm Be Living for RM356 mln

KUALA LUMPUR: Eco World International Bhd is acquiring a 70 per cent stake in UK-based Be Living Holdings Ltd for RM356 million. The acquisition would be carried out in two stages, with the first to be concluded by the first quarter of 2018, it said. With the acquisition, Eco World said it planned to jointly […]


Aston Martin owners rev up for 2018 exit with Lazard hire

LONDON, Dec 16 — Aston Martin’s owners have hired Lazard to prepare for a stock market listing or sale of the British sportscar maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters. Italian private…


Four explosive claims against Uber in ex-employee’s letter

SAN FRANCISCO, Dec 16 — A salacious letter alleging questionable and deceptive business practices by Uber Technologies Inc was released to the public yesterday as part of Alphabet Inc’s lawsuit over trade-secret theft.  The letter, written…


Healthcare draws election-year worry, but 2016 repeat not seen

NEW YORK, Dec 16 — With another election year looming, investors in the healthcare sector are wary the coming months could reopen wounds suffered during the 2016 US presidential race. Healthcare becoming as a hot an issue in the 2018 midterm…