Sunday, September 30th, 2018

 

SEC: Elon Musk to resign as chair of Tesla board, fined US$20m

WASHINGTON, Sept 30 — Elon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla’s chairman of the board and pay a US$20 million (RM82.7 million) fine, US securities regulators said yesterday. “The…


Canada, US make progress in bid to save Nafta, no deal yet, sources say

OTTAWA, Sept 30 — Canada and the United States yesterday narrowed their differences in last-ditch talks to save Nafta but there is no guarantee an agreement will be forged, two Ottawa sources said. The two nations are trying to find a way to…


Tracing the broadband map

In an era where staying connected online is a key priority for consumers and businesses, it is important for the government to ensure that progress is made in enhancing Malaysia’s broadband connectivity. And taking up the mantle is newly minted Communications and Multimedia Minister Gobind Singh Deo, who has been aggressive in his efforts to […]


Market still top-ish

The market pulled back on weaker ringgit and the rise in interest rates by the Federal Reserve. Markets performances were mixed globally. Rebounds in commodities prices especially crude oil and crude palm oil help lifted some market confidence. The FBM KLCI declined one per cent in a week to close 1,793.15 points last Friday. Trading […]


Crude Palm Oil Weekly Report – September 29th, 2018

Malaysia palm oil futures (FCPO) edged higher on Friday, on the back of stronger crude oil price and a stronger ringgit, recovered from losses a sharp decline of price from last two week trading sessions due to buildup of inventories in Indonesia and Malaysia. FCPO settled higher at 2,170, an increase of 1.43 per cent […]


Demand supports Thailand’s rice exports and earnings

Rising international demand will likely see Thailand come close to equalling last year’s record for rice exports, with strong sales supporting higher rural incomes and contributing to broader economic growth, though success could bring its own challenges. In mid-August the Ministry of Commerce’s Department of Foreign Trade (DFT) announced that it expected outbound rice shipments […]