Mon02202017

LAST_UPDATEMon, 20 Feb 2017 12am

Sunsuria Banks On Sunsuria City, Upcoming Forum Two In Setia Alam

KUALA LUMPUR: Property developer Sunsuria Bhd is optimistic despite expecting some spillover challenges from last year.

Read more: Sunsuria Banks On Sunsuria City, Upcoming Forum Two In Setia Alam

Bilateral Trade Deals 'More Realistic' Option: Mustapa

KUALA LUMPUR: In the absence of the Trans Pacific Partnership Agreement, bilateral trade agreements with trading partners would be a ‘doable and more realistic’ option for Malaysia.

Read more: Bilateral Trade Deals 'More Realistic' Option: Mustapa

Austria Sues Airbus, Eurofighter Consortium Over Suspected Fraud

Austria filed a lawsuit on Thursday against Airbus (AIR.PA) and the Eurofighter consortium, alleging them of wilful deception and fraud linked to a 2 billion euro ($2.1 billion) order for Eurofighter jets in 2003, the defense ministry said.

Read more: Austria Sues Airbus, Eurofighter Consortium Over Suspected Fraud

Oil Prices Steady Despite Record U.S. Inventories

Oil prices steadied on Thursday as record crude and gasoline inventories in the United States dragged on prices, though OPEC supply cuts helped to support the market.

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AsiaBio Petroleum Explores Toll Blending In East Malaysia

Petaling Jaya, Malaysia – AsiaBio Petroleum SdnBhd (ABP), a wholly-owned subsidiary company of Asia Bioenergy Technologies Berhad (ABT) announced today that the Company entered into a tripartite technology collaboration with ACME Chemicals (Malaysia) SdnBhd (ACME), (a specialty chemical company with in-house expertise and formulation capabilities) and Sejahtera BumisamaSdnBhd (a Sabah-based, Petronas-registered company licensed to supply products and services to exploration and oil and gas companies in Malaysia) (Bumisama).

Read more: AsiaBio Petroleum Explores Toll Blending In East Malaysia

Domestic Banks Stand To Gain From PR1MA Flexible Scheme

KUCHING: Analysts anticipate minimal earnings impact from Perbadanan PR1MA recently introducing a special end-financing scheme called the Skim Pembiayaan Fleksible (SPEF) created exclusively for PR1MA homebuyers.

Read more: Domestic Banks Stand To Gain From PR1MA Flexible Scheme

Sarawak Inks MoA With China Firm For Steel Industry

LUNDU: Sarawak has signed a Memorandum of Agreement (MoA) with a China-based company to invest USD3 billion (RM13 billion) in the steel industry in Samalaju Industrial Park, says Minister of Industrial Development Datuk Amar Awang Tengah Ali Hasan.

Read more: Sarawak Inks MoA With China Firm For Steel Industry

Dollar Retreats From One-Month Peak Tied To Upbeat U.S. Data

Pic: Reuters

NEW YORK: The dollar was flat on Wednesday as investors took profits after reaching a one-month high early in the session versus a group of currencies as U.S. data showed robust growth in retail sales and consumer prices in January.

Read more: Dollar Retreats From One-Month Peak Tied To Upbeat U.S. Data

Proposed Border Tax Could Harm U.S.-Mexico Energy Trade: Official

Pic: Reuters

MEXICO CITY: A border tax floated by aides to U.S. President Donald Trump is "not a good idea" for bilateral energy trade, a senior Mexican official said on Wednesday, also confirming that Mexico's second-ever deepwater oil auction would happen this year.

Read more: Proposed Border Tax Could Harm U.S.-Mexico Energy Trade: Official

Apple, Banks Push Wall Street To All-Time High

Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.

Read more: Apple, Banks Push Wall Street To All-Time High