Saturday, September 15th, 2018


Brexit buoyancy bypasses Brussels ― EU still unsure of deal

BRUSSELS, Sept 15 ― A view among investors that a Brexit deal is more likely has pushed the pound higher this month, perplexing European Union officials and diplomats involved in the talks who say key stumbling blocks remain. A stream of headlines…

Wall Street ends near flat, but financials climb with yields

NEW YORK, Sept 15 ― US stocks ended little changed yesterday as financials rose with bond yields, while news that President Donald Trump instructed aides to proceed with tariffs on about US$200 billion (RM827 billion) of Chinese products limited…

G20 trade ministers say WTO reform 'urgent' as new Trump tariffs loom

MAR DEL PLATA, Sept 15 ― Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organization, a joint statement issued from the summit said yesterday. With US President…

Alibaba to expand Taobao Maker Festival to other countries

HANGZHOU: E-commerce giant Alibaba Group plans to expand its Taobao Maker Festival to other markets in the future, said its chief marketing officer Chris Tung. Without elaborating on the timeline for expansion, he said Taobao is already available in the global Chinese community residing in several countries like Malaysia, Taiwan, Australia, New Zealand and Singapore. […]

Analysts: Business as usual at FGV despite management change

KUCHING: Analysts are neutral on stocks of FGV Holdings Bhd (FGV) in spite of the suspension its group president/chief executive officer effective September 13, pending further notification by its board of directors. Researchers with MIDF Amanah Investment Bank Bhd (MIDF Research) gathered that the move was following the Notice of Inquiry which was issued to […]

Petronas opens new R&T centre in LatAm

CONTAGEM, Minas Gerais, Brazil: Petroliam Nasional Bhd (Petronas) through its subsidiary Petronas Lubricants International (PLI), opened its Research and Technology (R&T) Centre in Latin America, the largest facility dedicated to the development of fluid technology to meet the region’s automotive and industrial sector’s growing needs. The R&T facility located at the Petronas Lubricants Brazil’s blending […]

AirAsia BIG launches BIG Xchange, the world’s first airline points exchange platform

SEPANG: AirAsia BIG Loyalty yesterday launched BIG Xchange, the world’s first airline points exchange platform, for BIG Members to convert between BIG Points and partner points seamlessly and instantly. From Sept 25 onwards, BIG Members will be able to link their loyalty point accounts with participating partners to their BIG Loyalty account via BIG Xchange […]

How China’s plan to develop rental housing backfired

BEIJING/HANGZHOU, China: When President Xi Jinping of China vowed to increase the supply of rental housing last year, millions of young Chinese expected to find homes they would finally be able to afford. But the government’s initiative has had an unintended effect: A surge of property investors into the rental market that has dramatically pushed […]

AirAsia wins Business Traveller Asia Pacific’s Best Low-Cost Airline again

KUCHING: AirAsia has been named Best Low-Cost Airline by travel magazine Business Traveller Asia Pacific for the seventh year in a row. The award was presented at the annual Business Traveller Asia Pacific Travel Awards luncheon held at Island Shangri-La in Hong Kong on Thursday. AirAsia has won the accolade in every edition of the […]

Japan govt more bullish on capex, eyes on US-China trade row

TOKYO: Japan upgraded its assessment of capital expenditure (capex) for the first time in nine months as companies ramp up spending on equipment and software to better cope with growing labour shortages. The government left unchanged its overall assessment that the economy is recovering at a moderate pace in its monthly report for September, released […]