Wed12132017

LAST_UPDATETue, 12 Dec 2017 11pm

Singapore's Electric Car-Sharing Program Hits The Road

Pic: Reuters (A BlueSG electric car-sharing vehicle is parked at a charging station in a public housing estate in Singapore December 12, 2017.)

SINGAPORE - Singapore launched on Tuesday its first large-scale electric car-sharing program through which the land-scarce city-state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars.

Read more: Singapore's Electric Car-Sharing Program Hits The Road

Pos Laju To Rake In RM700 Mln Revenue In 2017

KUALA LUMPUR -- Pos Malaysia Bhd expects its courier arm, Pos Laju to contribute a revenue of about RM700 million this year and sustain a growth of 20 to 21 per cent next year.

Read more: Pos Laju To Rake In RM700 Mln Revenue In 2017

UEM Sunrise Eyeing Project In Excess Of RM700 Mln In GDV

KUALA LUMPUR –  UEM Sunrise Bhd is eyeing a project in excess of RM700 million in initial estimated Gross Development Value (GDV) following its acquisition of a 7.78 hectare piece of land for RM109.50 million, in Taman Equine, Seri Kembangan, Selangor from Kemaris Residences Sdn Bhd.

Read more: UEM Sunrise Eyeing Project In Excess Of RM700 Mln In GDV

BNM Signs MoU With MRSA On Development Of Geospatial Analytics

KUALA LUMPUR: Bank Negara Malaysia (BNM) and the Malaysian Remote Sensing Agency (MRSA) have entered into a Memorandum of Understanding (MoU) to collaborate in the development of geospatial analytics.

Read more: BNM Signs MoU With MRSA On Development Of Geospatial Analytics

Brent Crude Jumps Above $65 For 1st Time Since 2015 After North Sea Pipeline Outage

Pic: ReutersSINGAPORE: Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led production cuts.

Read more: Brent Crude Jumps Above $65 For 1st Time Since 2015 After North Sea Pipeline Outage

Global Card Payments To Rise To 483 Bln By 2022

KUALA LUMPUR -- The total number of card payments worldwide is set to reach 483 billion by 2022, an increase of 56 per cent compared with 2016, said strategic research and consulting firm, Retail Banking Research Ltd (RBR).

Read more: Global Card Payments To Rise To 483 Bln By 2022

SEC Halts Virtual Coin Offering, Issues Investor Warning

Pic: ReutersWASHINGTON: The chairman of the U.S. Securities and Exchange Commission (SEC) on Monday warned investors of the dangers of putting their money into cryptocurrencies, saying trading and public offerings in the emerging asset class may be in violation of federal securities law.

Read more: SEC Halts Virtual Coin Offering, Issues Investor Warning

Dutch Firm, Jacobs Douwe Egberts Bids RM1.47 Bil For Malaysia's Oldtown Coffee

 OldTown group managing director Lee Siew Heng says the company looks forward to drawing on JDE’s deep global expertise and building a highly successful partnership. Pic: NST

LONDON - Jacobs Douwe Egberts has offered to buy Malaysian coffee company OldTown Berhad for 1.47 billion ringgit (US$361 million) as the private company looks to further expand its global coffee empire.

Read more: Dutch Firm, Jacobs Douwe Egberts Bids RM1.47 Bil For Malaysia's Oldtown Coffee

Apple Confirms Deal To Buy Music Discovery App Shazam

Pic: Reuters

SAN FRANSICO - Apple Inc (AAPL.O) on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.-based app that lets users identify songs by pointing a smart phone at the audio source.

Read more: Apple Confirms Deal To Buy Music Discovery App Shazam

Bitcoin Futures Suggest Breakneck Rise In Price To Slow

Pic: ReutersNEW YORK/LONDON: Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market.

Read more: Bitcoin Futures Suggest Breakneck Rise In Price To Slow