Sun02012015

LAST_UPDATESat, 31 Jan 2015 9pm

Panasonic Exits Production Of TV Sets In China, Says Source

Exhibitors prepare the Panasonic exhibit space at the International Consumer Electronics show in Las Vegas, Nevada January 5, 2015. Panasonic is believed to have stopped making TV sets in China. Photo: ReutersTOKYO: Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said today, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure.

Read more: Panasonic Exits Production Of TV Sets In China, Says Source

Fake Goods Row: Alibaba’s Ma Meets Top China Regulator

Jack Ma, Alibaba Group chairman, at the session 'An Insight, An Idea with Jack Ma' in the Swiss mountain resort of Davos January 23, 2015. Photo: ReutersBEIJING: Alibaba founder Jack Ma has met with the head of a powerful Chinese regulator, days after authorities accused the e-commerce giant of allowing “illegal” actions on its multi-billion-dollar online shopping platform.

Read more: Fake Goods Row: Alibaba’s Ma Meets Top China Regulator

Malaysia's 1MDB May Look At Property Sales To Cut Huge Debt Burden

 1Malaysia Development Bhd (1MDB), a state firm, may look at selling some property assets as part of its new CEO's plan to overhaul the company and slash its huge debt load, people familiar with the matter said.

Read more: Malaysia's 1MDB May Look At Property Sales To Cut Huge Debt Burden

Malaysia’s US$115b Reserves Usable And Unencumbered, Says Bank Negara

Bank NegaraKUALA LUMPUR - Malaysia's reserves remained usable and unencumbered, as at end-December 2014, based on the detailed breakdown of international reserves under the International Monetary Fund's Special Data Dissemination Standard (SDDS) format.

Read more: Malaysia’s US$115b Reserves Usable And Unencumbered, Says Bank Negara

US$214m Quarterly Profit Surprise From Amazon

Pic: AFPNEW YORK — Amazon surprised the market yesterday with a quarterly profit far better than anticipated for the online giant known for investing for the long term.

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Najib Wins Hearts Of Investors In Dual Mission To Promote M’sia And Asean At WEF

Pic: Bernama / The Borneo PostDAVOS, SWITZERLAND: Despite having his trip cut short, Prime Minister Datuk Seri Najib Tun Razak succeeded in his dual mission to promote both Malaysia and Asean as preferred investment destinations.

Read more: Najib Wins Hearts Of Investors In Dual Mission To Promote M’sia And Asean At WEF

Bursa Malaysia Registers Strong Earnings For 4Q14

Pic: www.baincardin.comKUCHING: Bursa Malaysia Bhd’s (Bursa Malaysia) earnings for the fourth quarter of 2014 (4Q14) jumped 57 per cent year-on-year (y-o-y) to RM53.14 million compared with RM33.84 million in 4Q13.

Read more: Bursa Malaysia Registers Strong Earnings For 4Q14

Fed Chief Yellen Reported To Be Upbeat On US Economy

Pic: ReutersWASHINGTON — Federal Reserve Chair Janet Yellen yesterday offered an upbeat assessment on the US economy in a meeting with Senate Democrats, even as she noted risks from overseas, according to media reports.

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Tripda Raises RM40m Series A Funding

Pic: The SunPETALING JAYA: Tripda, the global carpooling community that made its Malaysian debut in September 2014, has yesterday announced an US$11 million (RM39.8 million) Series A funding round by Rocket Internet and other investors.

Read more: Tripda Raises RM40m Series A Funding

US Companies Not Expected To See Profit Growth In 1st Quarter

Pic: Reuters picNEW YORK — Falling oil prices, a soaring dollar and concern about weaker global demand have increasingly pessimistic analysts predicting Standard & Poor's 500 companies will see no earnings growth at all in the first quarter of 2015.

Read more: US Companies Not Expected To See Profit Growth In 1st Quarter