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LAST_UPDATEThu, 20 Jul 2017 10pm

Naza Italia To Open Ferrari City Showroom In September

KUALA LUMPUR – Naza Italia, the sole official importer and distributor of Ferrari in Malaysia will be opening the Ferrari City Showroom at the Naza Platinum Park by end of September this year.

Read more: Naza Italia To Open Ferrari City Showroom In September

Affin Holdings Reorganisation To Benefit Shareholders

THE reorganisation of Affin Holdings Bhd (AHB) under Affin Bank Bhd will draw synergistic benefits for shareholders, says Armed Forces Fund Board (LTAT), which owns the largest stake, or 35.42 per cent, in AHB.

Read more: Affin Holdings Reorganisation To Benefit Shareholders

NAZA KIA Optimistic Of Achieving 2017 Sales Target

KUALA LUMPUR -- Naza Kia Malaysia Sdn Bhd, the official distributor of Kia vehicles in Malaysia, is on track to achieve its 2017 sales target of 5,100 vehicles after having sold 4,378 Kia models last year.

Read more: NAZA KIA Optimistic Of Achieving 2017 Sales Target

BNM Releases Strategy Paper On VBI

KUALA LUMPUR – Bank Negara Malaysia (BNM), in collaboration with the Islamic finance industry, has released a strategy paper on Value-based Intermediation (VBI) to articulate strategies to strengthen the roles and impact of Islamic banking institutions (IBIs) towards a sustainable financial ecosystem.

Read more: BNM Releases Strategy Paper On VBI

CIMB Group Holdings Gets Neutral Call

KUALA LUMPUR: CIMB Group Holdings Bhd received a neutral call with a target price of RM6.40 from PublicInvest Research as the Group's Thai unit's 1HFY17 net profit improved year-on-year (YoY) on the back of lower operating expenses and provisions.

Read more: CIMB Group Holdings Gets Neutral Call

Australia Economy Back In The Groove As Full-Time Work Rebounds

Pic: Reuters

SYDNEY: Australia's labor market strengthened for a fourth month in June led by a remarkable comeback in full-time jobs - an upbeat outcome that could bring nearer the day when the country's central bank starts considering a rate hike.

Read more: Australia Economy Back In The Groove As Full-Time Work Rebounds

Oil Stable After Large Fall In US Fuel Stocks

Pic: Reuters

SINGAPORE: Oil prices held steady on Thursday following solid gains the previous day when falling U.S. fuel inventories lifted the market.

Read more: Oil Stable After Large Fall In US Fuel Stocks

M'sia Targets Philippines To Import More Palm Oil, Rubber

Pic: Reuters

KUALA LUMPUR: The Philippines is expected to buy more palm oil from Malaysia as exporters ramp up promotional activities with the Philippines International Trade Corp.

Read more: M'sia Targets Philippines To Import More Palm Oil, Rubber

Japan's June Export Growth Points To Sustained Economy Recovery

Pic: Reuters

TOKYO: Japan's exports rose for a seventh straight month in June led by shipments of cars and electronics, an indication external demand continues to support a gradual economic recovery and backing the central bank's upbeat economic view.

Read more: Japan's June Export Growth Points To Sustained Economy Recovery

Brazil Expects To Raise $3.2 Billion This Year From Tax Hikes: Sources

Pic: Reuters

BRASILIA: Brazil is likely to announce higher taxes on gasoline on Thursday to help meet this year's budget target during a slow economic recovery, a government source said.

Read more: Brazil Expects To Raise $3.2 Billion This Year From Tax Hikes: Sources