Sat11252017

LAST_UPDATESat, 25 Nov 2017 3pm

Backroom Battle Imperils $230 Million Cryptocurrency Venture

Pic: ReutersZUG, SWITZERLAND/NEW YORK: Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful “initial coin offering,” in which new digital currency is parceled out to buyers. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector.

Read more: Backroom Battle Imperils $230 Million Cryptocurrency Venture

U.S. Diesel Margins To Drive Refiner Profits For Third Quarter And Beyond

NEW YORK: U.S. refiners are set to blow past quarterly earnings expectations after margins surged to a two-year peak on the back of a crippling hurricane season that squeezed already tight gasoline and diesel supplies.

Read more: U.S. Diesel Margins To Drive Refiner Profits For Third Quarter And Beyond

China Third-Quarter GDP Growth Likely To Cool As Property, Debt Curbs Bite

Pic: Reuters

BEIJING: China is expected on Thursday to post a modest slowdown in third quarter economic growth from the previous quarter as the government’s efforts to rein in the property market and debt risks weigh on activity in the world’s second-largest economy.

Read more: China Third-Quarter GDP Growth Likely To Cool As Property, Debt Curbs Bite

MAS CEO Bellew To Rejoin RyanAir

Peter Bellew.

KUALA LUMPUR – Malaysia Airlines (MAS) Chief Executive Officer (CEO), Peter Bellew, said there was no interference from anybody in discharging his duties at the company but he was going to Ryanair Holdings plc as the love for his home country, Ireland, was pulling him back.

Read more: MAS CEO Bellew To Rejoin RyanAir

Petronas Calls For LNG Producer-Consumer Collaboration

KUALA LUMPUR –  Petroliam Nasional Bhd (PETRONAS), currently the world’s third-largest liquefied natural gas (LNG) producer, has urged LNG producers and consumers to collaborate towards encouraging growth and sustainability of the industry.

Read more: Petronas Calls For LNG Producer-Consumer Collaboration

Khazanah Meddling Led To Bellew Exit?

KUALA LUMPUR: Khazanah Nasional Bhd, as the sole shareholder of Malaysia Airlines Bhd (MAB), should take the blame for the sudden exit of its chief executive officer Peter Bellew, sources said.

Read more: Khazanah Meddling Led To Bellew Exit?

SAINS Fined RM220,000 For Violating Water Service Terms

SEREMBAN - The Syarikat Air Negeri Sembilan (SAINS) was fined RM220,000 by the Sessions Court here today for two counts of failing to comply with the standard terms and conditions set  in the individual licence.

Read more: SAINS Fined RM220,000 For Violating Water Service Terms

Malaysia Airlines Takes Notes Of RyanAir's Announcement On Bellew

Peter Bellew.

KUALA LUMPUR – Malaysia Airlines is taking note of the unexpected announcement by RyanAir Holdings PLC to the London Stock Exchange regarding its Chief Executive Officer, Peter Bellew.

Read more: Malaysia Airlines Takes Notes Of RyanAir's Announcement On Bellew

Labuan IBFC To Attract More Investments From China

KUALA LUMPUR -- The Labuan International Business and Financial Centre (Labuan IBFC) hopes to attract more investments from China under the One Belt One Road (OBOR) initiative.

Read more: Labuan IBFC To Attract More Investments From China

AirAsia Group CEO Fernandes Wins Major Business Leadership Award

Tan Sri Tony Fernandes.

KUALA LUMPUR -- AirAsia Founder/Group Chief Executive Officer (CEO), Tan Sri Tony Fernandes, will be honoured with the Asia House Asian Business Leaders Award for 2017 in recognition of his contributions to Asia’s economic landscape.

Read more: AirAsia Group CEO Fernandes Wins Major Business Leadership Award