Saturday, July 6th, 2019

 

France: Europe needs to find candidate to head IMF

AIX-EN-PROVENCE, July 6 — European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French Finance Minister Bruno Le Maire said today. European leaders nominated…


Mohamad Rafie appointed as NS Corp chairman

SEREMBAN, July 6 — Negri Sembilan executive council member Dr Mohamad Rafie Ab Malek has been appointed as the Negri Sembilan Corporation (NS Corp) chairman. The appointment was consented by Yang Dipertuan Besar Negri Sembilan Tuanku Muhriz Ibni…


The Edge Singapore called out by two ministries for inaccurate data on jobless graduates

SINGAPORE, July 6 — An article by business weekly The Edge Singapore stating that only “…41.6 per cent of degree holders between the ages of 20 and 29” were employed in Singapore has prompted two government ministries to issue a…


Singapore’s big telcos face rude awakening, as the little guys get the last laugh

SINGAPORE, July 6 — Back in 2016, the three major Singapore telcos — Singtel, StarHub and M1 — held various meetings with investors and shareholders, reassuring them that a fourth telco would not be a threat to their businesses. They told the…


Khazanah to expand investment exposure in the US

KUALA LUMPUR, July 6 — Khazanah Nasional Bhd is expanding its exposure in the United States (US) and looking to invest mainly in technology firms utilising data analytics. Deputy managing director and head of investments, Tengku Datuk Seri Azmil…


Matrade: Paris Air Show gives Malaysia’s aerospace industry a big boost

FRANKFURT, July 6 — Malaysia’s participation in the Paris Air Show recently has given a strong boost to the country’s aerospace industry, judging by the number of business-to-business meetings and the prospective business orders…


Turkey fires central bank governor as policy differences deepen

ANKARA, July 6 — Turkey today fired its central bank governor and replaced him with the bank’s deputy governor, a presidential decree published on the official gazette showed. Murat Cetinkaya, who had been serving as the governor since April…


Bullish sentiment to lift ringgit firmer against US dollar next week

KUALA LUMPUR, July 6 — Bullish sentiment for the ringgit will likely push the local currency to perform better against the US dollar next week, trading at the level of between 4.1150 and 4.1450. SPI Asset Management head of trading and market…


Bursa Malaysia poised to breach 1,700-psychological level next week

KUALA LUMPUR, July 6 — Bursa Malaysia is likely to stage a strong rebound with the key index breaching the 1,700-psychological level next week amid positive market posture, after a long spell of downtrend seen in recent days dragged by…


IMF reaches agreement with Argentina that will release US$5.4b loan tranche

WASHINGTON, July 6 — The International Monetary Fund yesterday reached an agreement with Argentina that will allow release of the next US$5.4 billion (RM22.3 billion) disbursement under the loan program intended to help stabilize the South…