Fri07282017

LAST_UPDATEFri, 28 Jul 2017 2pm

ASEAN To Benefit From B&R Initiative : UOB

KUALA LUMPUR – ASEAN is expected to benefit from the pick-up in activities along China's Belt and Road (B&R) corridor, due to geographic proximity, historical relations with China, access to resources and emerging market status.

Read more: ASEAN To Benefit From B&R Initiative : UOB

Petronas Cancels Pacific Northwest LNG Project In Canada

pix Reuters

A controversial liquefied natural gas (LNG) project planned for Canada's west coast has been cancelled.

Read more: Petronas Cancels Pacific Northwest LNG Project In Canada

Sasbadi Enters SPA With Law En Tzer; Maybank Issues Inaugural RMB Bonds

KUALA LUMPUR: Sasbadi Holdings Bhd has entered into a sale and purchase agreement (SPA) with Law En Tzer to acquire the remaining 30 per cent of the issued share capital of Sanjung Unggul Sdn Bhd for a cash purchase consideration of RM9.4 million.

Read more: Sasbadi Enters SPA With Law En Tzer; Maybank Issues Inaugural RMB Bonds

Asia Stocks Inch Up, Dollar Steadies As Investors Await Fed Clues

Pic: Reuters

TOKYO: Asian stocks edged up early on Wednesday after Wall Street indexes notched record highs, while the dollar was steady as investors awaited the Federal Reserve's policy decision later in the day for more clues on its tightening plans.

Read more: Asia Stocks Inch Up, Dollar Steadies As Investors Await Fed Clues

Wall Street Regulator Says Digital Coin Offerings May Require Oversight

Pic: ReutersWall Street's main regulator said on Tuesday that initial coin offerings (ICOs), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales.

Read more: Wall Street Regulator Says Digital Coin Offerings May Require Oversight

Petronas Scraps US$29 Billion Western Canada LNG Project

Pic: ReutersCALGARY, ALBERTA: Malaysian state-owned energy company Petronas will not proceed with a proposed C$36 billion ($29 billion) liquefied natural gas (LNG) project in western Canada due to weak global prices, dealing a blow to Canada's ambitions to become a global LNG player.

Read more: Petronas Scraps US$29 Billion Western Canada LNG Project

Apple CEO Promised To Build 3 'Big' Plants In U.S., Trump Tells WSJ

Pic: ReutersApple Inc Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States, the Wall Street Journal quoted U.S. President Donald Trump as saying.

Read more: Apple CEO Promised To Build 3 'Big' Plants In U.S., Trump Tells WSJ

IMF Upgrades Malaysia’s Economic Growth Rate To 4.8 Per Cent

KUALA LUMPUR: The International Monetary Fund (IMF) has upgraded Malaysia’s economic growth rate for 2017 to 4.8 per cent from 4.5 per cent as projected in the Annual Consultation Report on Malaysia released in May this year.

Read more: IMF Upgrades Malaysia’s Economic Growth Rate To 4.8 Per Cent

Michael Kors To Buy Luxury Shoemaker Jimmy Choo For $1.2 Billion

LONDON: Michael Kors has agreed to take over luxury retailer Jimmy Choo for 896 million pounds ($1.17 billion), it said on Tuesday.

Read more: Michael Kors To Buy Luxury Shoemaker Jimmy Choo For $1.2 Billion

BNM Governor: Adoption Of Globalisation & Tech Key To Moving Forward

KUALA LUMPUR: Embracing globalisation and technology are unavoidable in moving forward, but the adoption of these must be accompanied by the capacity to deal with any negative spillover effects of these two for meaningful progress and growth.

Read more: BNM Governor: Adoption Of Globalisation & Tech Key To Moving Forward