Saturday, December 22nd, 2018


Political stumbles, savvy activists knock Canada's oil sector to its knees

WINNIPEG, Dec 22 — A decade ago, Canada's oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring…

Third straight rout end worst week for Dow, Nasdaq since 2008 crisis

NEW YORK, Dec 22 — Wall Street ended its worst week in a decade with more bruising losses yesterday, and with the tech-rich Nasdaq entering a bear market amid worries about trade wars and a possible US government shutdown. The Nasdaq and Dow…

7 sen income distribution for ASB, 3.25 sen for ASN

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB) has declared an income distribution of 6.5 sen a unit and bonus of 0.50 sen for Amanah Saham Bumiputera ( ASB) for financial year ending Dec 31, 2018 (FY18). For FY17, ASB made a distribution payout of 7.25 sen per unit comprising a dividend of seven sen a […]

Affordability tops housing issues in 2018

KUALA LUMPUR: The year 2018 has been a year of consolidation for the property industry as both the Pakatan Harapan-led government and property developers grappled with ways to offer affordable houses to resolve the housing woes especially of the Bottom 40 (B40) of the population. Lawyer, Chris Tan Chur Pim of Chur Associates, said the […]

CPTPP may cause devastating socio-economic effects

KUALA LUMPUR: Malaysia will likely face devastating socio-economic consequences if it chooses to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Hence, Bantah TPPA/CPTPP coordinator, Mohd Effuan Aswadi Abdul Wahab, said Malaysia should not ratify the trade deal as it may lose its essential policies flexibility, shaped by the multi-ethnic society. “Malaysia has […]

China denies ‘slanderous’ economic espionage charges

BEIJING: China’s Foreign Ministry said yesterday it resolutely opposed “slanderous” accusations from the United States and other allies criticising China for economic espionage, urging Washington to withdraw its accusations. The United States should also withdraw charges against two Chinese citizens, the ministry said, adding that China had never participated in or supported any stealing of […]

HSBC gets regulatory nod to sell Malaysia insurance unit stake to FWD

HONG KONG: HSBC Holdings’ Asia Pacific insurance unit has received regulatory approval to divest its 49 per cent stake in the Malaysian life insurance joint venture to Hong Kong-based FWD Group, owned by tycoon Richard Li. The deal to sell the stake in HSBC Amanah Takaful Malaysia Bhd has got the approval from the Malaysian […]

Dollar rebounds from post-Fed losses as US shutdown looms

NEW YORK, Dec 21 — The dollar gained today, reversing most of its losses after the Federal Reserve flagged fewer interest rate hikes earlier this week, as investors sought the currency’s safety amid persistent equity market volatility and a…

Massive changes occurring in transportation

KUALA LUMPUR: The local public transportation sector has undergone a massive change in 2018 and this is further augmented by the new government as it is identified as one of the key targeted areas for ‘refurbishment’. A number of mega transportation projects initiated by the previous government have either been postponed or reevaluated after the […]