Saturday, January 5th, 2019

 

Johor state govt confident of achieving RM8b investment target

KULAI, Jan 5 — The Johor state government is confident of achieving its target of attracting RM8 billion worth of investments this year despite global economic uncertainties. State International Trade, Investment and Utilities Committee chairman,…


Companies Commission of Malaysia: RM900,000 grant to help entrepreneurs in Kelantan

KOTA BARU, Jan 5 — The Companies Commission of Malaysia (CCM) has allocated RM900,000 in grants to help entrepreneurs, especially youths wanting to start their business, in Kelantan. Kelantan CCM director Ab Razak Isa said 300 traders who passed…


Powell tells markets Fed is flexible and aware of risks

ATLANTA, Jan 5 — Federal Reserve Chairman Jerome Powell yesterday sought to ease market concerns that the US central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy…


Ringgit likely to trade in cautious mode next week

KUALA LUMPUR, Jan 5 — The ringgit is expected to face a challenging upcoming week as the market uncertainty over trade tensions and a slowdown in the global economy encourage investors to remain risk-off. FXTM Research Global Head of Currency…


US-China talks on bilateral trade to highlight equity market next week

KUALA LUMPUR, Jan 5 — The discussion between the US and China with respect to their bilateral trade would likely be the highlight for the equity market next week, says an economist. It could also be a source of market instability, said Bank Islam…


Trump says confident in US trade deal with China

WASHINGTON, Jan 5 — President Donald Trump said yesterday he is confident Washington and Beijing will reach a deal to bring to a close the months-long trade dispute that has roiled global financial markets. “I think we will make a deal with…


Global stocks soar on dovish Fed, strong US jobs data

NEW YORK, Jan 5 — Global stocks shot higher yesterday following a strong US jobs report and dovish comments from Federal Reserve Chair Jerome Powell on the prospects for higher interest rates. Those back-to-back market-friendly developments helped…


New Petrobras boss in search of ‘efficiency’ in free-market

RIO DE JANEIRO: The new boss of Brazilian state-owned oil giant Petrobras said that he wanted to draw a line under the company’s graft-mired past and offer ‘a new dawn.’ “Monopolies restrict liberty,” Roberto Castello Branco told a crowd of officials and Petrobras executives on the day he took up his functions. Petrobras a couple […]


Google shifted US$23 bln to tax haven Bermuda in 2017 – Filing

AMSTERDAM: Google moved 19.9 billion euros (US$22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, according to documents filed at the Dutch Chamber of Commerce. The amount channelled through Google Netherlands Holdings BV was around 4 billion euros more […]


About 1.34 mln ha oil palm plantations are MSPO-certified

  KUALA LUMPUR: Some 23 per cent or 1.34 million hectares out of 5.8 million hectares of oil palm plantations in the country have been certified under Malaysian Sustainable Palm Oil (MSPO) as of November 2018. In addition, a total of 119 refineries or 26 per cent of the total 454 refineries have obtained the […]