Fri07282017

LAST_UPDATEFri, 28 Jul 2017 2pm

Singapore Slings? Taking On Alibaba, Amazon Launches Prime Now In The City State

Pic: ReutersSINGAPORE: Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding.

Read more: Singapore Slings? Taking On Alibaba, Amazon Launches Prime Now In The City State

Dollar Licks Its Wounds At 13-Month Low After Fed Seen As Dovish

Pic: Reuters

TOKYO: The dollar licked its wounds at 13-month lows against a basket of currencies on Thursday after the U.S. Federal Reserve's policy statement was perceived to be slightly on the dovish side.

Read more: Dollar Licks Its Wounds At 13-Month Low After Fed Seen As Dovish

Asia Shares Hit 2008 Highs, Dollar In Decline On Fed Inflation View

Pic: Reuters

SYDNEY: Stocks, bonds and commodities were all on a roll in Asia on Thursday as bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer.

Read more: Asia Shares Hit 2008 Highs, Dollar In Decline On Fed Inflation View

Malaysia On Track In Terms Of Fiscal Consolidation, Says Mustapa

KUALA LUMPUR: The International Monetary Fund's (IMF) upward revision of Malaysia's 2017 GDP forecast to 4.8 per cent shows that the nation is on track in terms of fiscal consolidation.

Read more: Malaysia On Track In Terms Of Fiscal Consolidation, Says Mustapa

Energy Firms Boost European Shares As Earnings Roll In, Banks Weigh

Pic: Reuters

LONDON: Supportive crude prices and strong results from energy firms Subsea 7 and Tullow Oil helped European shares inch higher on Wednesday, while banks weighed on index-level gains as investors awaited a Fed policy decision and UK GDP figures.

Read more: Energy Firms Boost European Shares As Earnings Roll In, Banks Weigh

Mah Sing Backs Govt's Move To Iron Out Affordable Housing Issues

KUALA LUMPUR: Mah Sing Group welcomes any effort from the government in relation to the ongoing issues on affordable housing in Malaysia.

Read more: Mah Sing Backs Govt's Move To Iron Out Affordable Housing Issues

Top Glove Invests RM75 Mln On Condom Production

KUALA LUMPUR -- Top Glove Corp Bhd has allocated an initial investment of RM75 million for the first phase of the company's condom production starting August 2018. 

Read more: Top Glove Invests RM75 Mln On Condom Production

Three Chambers Disagree On Labuan Port Tender

Pic: BernamaLABUAN: Three chambers of commerce here are against the Labuan Port Authority’s (LPA) decision to tender the terminal management and operations, describing it as a ‘hasty’.

Read more: Three Chambers Disagree On Labuan Port Tender

Top Glove Tries Out Condom Business, Spends RM75mln For 1st Phase Manufacturing Facility

Top Glove chairman Tan Sri Dr Lim Wee Chai said the condom market has huge potential with healthy demand globally.KUALA LUMPUR: Top Glove Corp Bhd is diversifying into condom business with an initial capital expenditure of RM75 million for its first phase of the manufacturing facility by August next year.

Read more: Top Glove Tries Out Condom Business, Spends RM75mln For 1st Phase Manufacturing Facility

JAL To Tie Up With Vietnamese Budget Carrier

HANOI -- Japan Airlines (JAL) and Vietnamese budget carrier Vietjet Air said Tuesday they have formed a comprehensive business alliance, planning to operate code-share flights and allow their mileage program members to earn miles on flights by both airlines, Japan's Jiji Press reported.

Read more: JAL To Tie Up With Vietnamese Budget Carrier