Sunday, December 23rd, 2018


Co-opbank Pertama targets RM1b share capital by 2020

BUKIT MERTAJAM, Dec 23 — Co-opbank Pertama (CBP) aims to increase its share capital to RM1 billion from the current RM800 million by 2020. Its Chairman, Kamari Zaman Juhari said the current total paid-up share capital of the co-op bank was raised…

Ghosn's detention extended by 10 days through Jan 1

TOKYO, Dec 23 — Former Nissan boss Carlos Ghosn will be spending Christmas and the beginning of 2019 behind bars after a Tokyo court today extended his detention through to January 1. “Today, a decision was made to detain (Ghosn). The full term…

US share buybacks at records despite congressional griping

NEW YORK, Dec 23 — US corporate share repurchases keep setting new records, a trend some experts expect to persist despite bipartisan unease on Capitol Hill and a weaker economic outlook that could crimp profits. Fuelled with windfalls from the…

Anglo American restarts iron ore mine in Brazil

RIO DE JANEIRO, Dec 23 — Mining giant Anglo American restarted an iron ore mine in Brazil that had been closed for eight months to replace and inspect a leaking pipeline, the company said. The stoppage of the big Minas-Rio mine in Minas Gerais…

FBM KLCI at resistance level of a downward trend correction

The FBM KLCI bucked the bearish global markets indices last week. The index rebounded after falling to its lowest level in nearly two years last Monday on bargain hunting. The benchmark FBM KLCI eventually fell 1.1 per cent in a week to 1,661.96 points last Friday. Trading volume was slightly higher last week than the […]

E-Commerce Rewind 2018:

Most visited e-commerce platforms on desktop and mobile web in Malaysia and Southeast Asia in 2018 The year 2018 has been an important year for e-commerce. According to the Minister of International Trade and Industry, Darrell Leiking, e-commerce contributed a total of RM86.5 billion in gross domestic product (GDP) in 2017 with annual growth at […]

Crude Palm Oil Weekly Report – December 22, 2018

The Malaysian palm oil futures (FCPO) failed to maintain its previous rally, in line for a second day of losses, weighed down by US soybean oil and profit booking. On Friday, FCPO increased 4.26 per cent to 2,156 as compared with last Friday’s closing price at 2,068, a total of 88 points. Average trading volume […]

Myanmar to boost skills-based education through private investment

As part of efforts to meet changing labour market requirements brought about by the Fourth Industrial Revolution (4IR), Myanmar is harnessing private sector investment to develop its vocational and technical education system. Speaking at this year’s World Economic Forum on Asean summit on September 12 in Hanoi, Vietnam, State Counsellor Daw Aung San Suu Kyi […]