Mon02192018

LAST_UPDATEMon, 19 Feb 2018 9am

Petros Inks First Deal

Pic: TBP

MUSCAT, Oman: Petroleum Sarawak Berhad (Petros) – Sarawak’s wholly-owned oil and gas company – has signed its first deal.

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Fears Of Global Crackdown Fail To Dampen Cryptocurrency Interest

Pic: ReutersMIAMI: Worries about a crackdown by global regulators on cryptocurrency trading could slow the pace of bitcoin’s rise but should not threaten its existence, investors and market participants at a cryptocurrency conference said on Thursday.

Read more: Fears Of Global Crackdown Fail To Dampen Cryptocurrency Interest

IBM Returns To Growth After Six Years, But Dour Forecast Hits Shares

International Business Machines Corp’s (IBM.N) revenue rose for the first time in 23 quarters, beating analysts’ estimates, but the company warned that a higher tax rate this year would eat into its profit.

Read more: IBM Returns To Growth After Six Years, But Dour Forecast Hits Shares

IBM's Sales Grew For The First Time In 5 Years

After reporting sales declines for 22 consecutive quarters (about five and a half years), Big Blue finally posted revenue growth -- by a very slim margin. Sales grew 1% last quarter.

Read more: IBM's Sales Grew For The First Time In 5 Years

Asia Stocks Near Record Highs, U.S. Funding Woes Weigh On Dollar

TOKYO: Asia stocks edged higher on Friday and were within reach of record highs, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

Read more: Asia Stocks Near Record Highs, U.S. Funding Woes Weigh On Dollar

Australia And Japan Committed To Signing Asia Pacific Trade Pact By March, Turnbull Says

Pic: ReutersTOKYO: Australia and Japan are committed to signing an Asia Pacific trade deal by March with countries in the region ready to forge a pact to replace the derailed Trans Pacific Partnership (TPP), Australian Prime Minister Malcolm Turnbull said on Thursday.

Read more: Australia And Japan Committed To Signing Asia Pacific Trade Pact By March, Turnbull Says

MITI To Announce NAP Review In Mid-2018: Mustapa

Pic: NST (International Trade and Industry Minister Datuk Seri Mustapa Mohamed says the increase in the EEV penetration was attributed to the support and participation of government institutions, automotive original equipment manufacturers (OEMs) and vendors as well as the public.)

KUALA LUMPUR: A review of the National Automotive Policy (NAP) will be announced in mid-2018, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Read more: MITI To Announce NAP Review In Mid-2018: Mustapa

MARC Affirms AAIS Rating On TNB Western Energy RM4b Sukuk With Stable Outlook

Pic: NST (MARC says the rating and outlook are equalised with Tenaga Nasional Bhd’s (TNB) corporate credit rating of AAA/stable and taking into consideration the post-completion rolling guarantee provided by the parent company to fund shortfalls in the finance service account (FSA) for the tenure of the sukuk.)

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed AAAIS rating on TNB Western Energy Bhd’s sukuk of up to RM4 billion with a stable outlook.

Read more: MARC Affirms AAIS Rating On TNB Western Energy RM4b Sukuk With Stable Outlook

Govt Wants Labuan IBFC To Trigger Local Economy

Pic: BernamaLABUAN: The federal government strives to turn the Labuan International Business and Financial Centre (IBFC) into a business and financial hub that can help trigger more meaningful economic activities on the island, Datuk Seri Najib Tun Razak said.

Read more: Govt Wants Labuan IBFC To Trigger Local Economy

Apple To Pay $38bn On Foreign Cash Pile

Apple will pay about $38bn (£27.3bn) in tax on the roughly $250bn cash pile it holds outside the US following recent changes to American tax rules.

Read more: Apple To Pay $38bn On Foreign Cash Pile