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India’s CBI Issues Arrest Warrant Against AK, Claims The Hindustan Times

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By Francis Fernandez Kuala Lumpur : India’powerful CBI on Monday sought an arrest warrant against two Malaysia-based accused in the Aircel-Maxis case involving ex-telecom minister Dayanidhi Maran and his brother Kalanithi Maran. The probe agency moved the application before special judge OP Saini stating that the summons issued to Malaysian businessman T Ananda Krishnan and Malaysian national Augustus Ralph Marshall could not be served, the Hindustan Times reported. The case has to do with India’s Prevention Of Money Laundering Act. Tags: kuala lumpur, malaysia


The Broken Promise of the Rio Olympics

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From: ALEX CUADROS The Rio de Janeiro you see advertised in videos promoting the Olympics is the iconic one everyone knows: Ipanema, Sugarloaf Mountain, the statue of Christ the Redeemer. But that’s just a tiny slice of this sprawling metropolis of 12 million people, most of whom live miles from the beach. You can see the other Rio, their Rio, as you drive into town from the international airport, past the walls enclosing the freeway: a sea of red cinderblock shacks stacked precariously atop one another, with narrow roads snakingRead More


Aircel-Maxis Case: India Seeks Arrest Warrants Against Malaysian Firms, Individuals

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The Central Bureau of Investigation moved a special CBI court to issue arrest warrants against Malaysia-based companies and individuals summoned as accused in the Aircel-Maxis deal case. The CBI told the court that several attempts were made to serve summons to the companies in Malaysia but none of the accused have appeared since 2014. We have followed the procedure under India’s Bilateral treaty with Malaysia to serve summons to the accused. However, the summonses are lying on Malaysia’s Attorney General’s table. They haven’t reached the accused yet. Anand Grover, SeniorRead More


Australia’s Crescent launches islamic fund in Malaysia

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By Bernardo Vizcaino | SYDNEY Aug 1 (Reuters) – Australian fund manager Crescent Wealth said on Monday it had launched an Islamic property fund in Malaysia alongside KAF Investment Funds Berhad, aiming to tap one of the largest markets for sharia-compliant financial products. The launch comes as Islamic finance is making inroads in non-traditional markets such as Australia, where the government recently proposed removing tax barriers to such asset-backed financing arrangements. Crescent Wealth, established in 2011, opened an office in Malaysia last year seeking to widen its customer base andRead More


Small Business In China Struggles. Stock Market Down

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China’s official factory gauge unexpectedly fell below the dividing line between improvement and deterioration, signaling a debt-fueled growth rebound may be losing steam. Key Points Manufacturing purchasing managers index fell to 49.9 last month, below June’s 50, which was also the median estimate in a Bloomberg survey of economists Non-manufacturing PMI was at 53.9 compared with 53.7 in June As in June, drag on manufacturing index comes from medium and small enterprises Numbers below 50 indicate conditions are getting worse By contrast, manufacturing PMI from Caixin Media and Markit EconomicsRead More


FELDA Active Ahead Of Indon “Bumper” deal

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By Francis Fernandez Kuala Lumpur : FELDA Global Ventures (FGV), the common investors only indirect exposure to the Federal Land Development Authority (Felda) activities are active on Bursa Malaysia today. FGV is the 21st most active stock on the exchange. The shares are up three sen to RM1.88 a share. Earlier in the morning , MyStock 118 reported that Felda’s investment unit will ink an agreement this week to acquire a large portion of Indonesian planter Eagle High Plantations Tbk. The agreement runs close to an earlier planned foray byRead More


Execlusive : Bitcoin Trading Volume Spikes In Malaysia

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By Francis Fernandez Kuala Lumpur : It seems, Malaysians are having a seismic shift on where to place their eggs. And it seems, they have found a new basket, where they feel is safe enough to place some of their eggs in. Mystock 118 can now reveal the said basket is called Bitcoin, the world’s most accepted digital currency. Trading volumes of Bitcoin in Malaysia have jumped, as shown in the above chart from coin.dance. The increased demand for bitcoins in Malaysia is no surprise – countries with weakening economiesRead More


This is it, It’s Either All Or Nothing At All For Tadmax

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By Francis Fernandez Kuala Lumpur :This is it for MyStock 118’s next big thing. The stock must perform this week, or its not going to fly at all. So what will it be? Will Tadmax road like a lion, or will it just wither away like a sheep? Mystock118 is supremely confident that Tadmax will deliver and deliver big this week. Part of that confidence stems from Datuk Anuar Adam ‘s intention to deal in the securities of Tadmax. The way, Mystock 118 view things is either the former armyRead More


The Numbers Game For Stocks Starts Today

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By Rodrigo Campos | NEW YORK (Reuters) – Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data. Investors will be looking for signs of economic strength to reinforce the positive direction hit Friday, when the S&P 500 hit an intraday record high. Data estimates for next week show the manufacturing and services sectors are expected to have expanded in July while the economy is seen havingRead More


FELDA To Ink “Bumper” Indonesia Deal This Week.

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By Francis Fernandez Kuala Lumpur: The word “BUMPER” looks like it’s written all over this deal. Mystock118 was told that the Federal Land Development Authority (Felda)’s investment unit will ink an agreement this week to acquire a large portion of Indonesian planter Eagle High Plantations Tbk. The agreement runs close to an earlier planned foray by Felda Global Ventures Holdings Bhd (FGV) to buy a 37 per cent stake in Eagle High from Rajawali Group. Rajawali is controlled by the golf loving billionaire Tan Sri Peter Sondakh. A year ago,Read More