Mon06252018

LAST_UPDATEMon, 25 Jun 2018 9am

Indonesia's Growing Thirst For Coffee Drains Premium Bean Supplies

Pic: ReutersPANGALENGAN, INDONESIA/NEW YORK: For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favoured by connoisseurs. Most locals, however, preferred tea.

Read more: Indonesia's Growing Thirst For Coffee Drains Premium Bean Supplies

Asian Shares Flirt With Six-Month Lows As Signs Of Tariff Effects Appear

TOKYO: Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output.

Read more: Asian Shares Flirt With Six-Month Lows As Signs Of Tariff Effects Appear

Sunway To Work With New Govt To Build Affordable Houses

Sarena Cheah.

KUALA LUMPUR – Sunway Bhd is looking forward to working with the new government to develop more affordable housing projects, while urging it to introduce incentives to help the developers.

Read more: Sunway To Work With New Govt To Build Affordable Houses

Persistent Selling Drags Bursa Malaysia Lower

KUALA LUMPUR -- Bursa Malaysia extended its downtrend today but closed off its intra-day low, primarily hit by continued foreign selling from the emerging markets.

Read more: Persistent Selling Drags Bursa Malaysia Lower

Investors Urged To Focus On Region’s Long-Term Growth Prospects

Datuk John Chong.

KUALA LUMPUR – Investors are urged to look beyond the short-term noise in the market and focus on Asia’s long-term growth prospects, which are still expected to outshine developed economies, said Maybank Kim Eng Chief Executive Officer Datuk John Chong.

Read more: Investors Urged To Focus On Region’s Long-Term Growth Prospects

Petronas Committed To Helping Sarawak Become Major Oil Industry Player

KUALA LUMPUR -- Petronas is committed to support Sarawak's aspiration to become a major player in the petroleum industry and has so far invested RM183 billion in the upstream sector in the state alone via production sharing contracts (PSCs).

Read more: Petronas Committed To Helping Sarawak Become Major Oil Industry Player

Panama Papers: Company Can't Identify 70 Percent Of Clients

Mossack Fonsecas

PANAMA CITY--Recent developments in the Panama Papers investigation reveal that the main company behind the international tax scandal was unable to identify over 70 percent of its clients.

Read more: Panama Papers: Company Can't Identify 70 Percent Of Clients

BNM International Reserves At US$107.9 Billion As At June 14

KUALA LUMPUR: Bank Negara Malaysia's (BNM) international reserves amounted to US$107.9 billion as at June 14, 2018 compared with US$108.5 billion as at May 31.

Read more: BNM International Reserves At US$107.9 Billion As At June 14

Court Decides Tomorrow Whether Petronas Can Proceed With Legal Challenge Against Sarawak

PUTRAJAYA  -- Petroliam National Berhad (Petronas) will know tomorrow if it can commence proceedings in the Federal Court against the Sarawak government pertaining to the regulatory authority over upstream oil and gas activities in Sarawak.

Read more: Court Decides Tomorrow Whether Petronas Can Proceed With Legal Challenge Against Sarawak

Toyota, Pressed To Innovate, Is Cutting Marketing Costs To Fuel Research

Pic: ReutersBEIJING: Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said.

Read more: Toyota, Pressed To Innovate, Is Cutting Marketing Costs To Fuel Research