Wed02212018

LAST_UPDATEWed, 21 Feb 2018 12am

Heineken's FY17 PBT Increases 4.6pc To RM363m

KUALA LUMPUR: Heineken Malaysia Bhd’s profit before tax in the financial year ended December 31, 2017 (FY) increased 4.6 per cent to RM363 million from RM347 million, driven by volume growth led by Tiger and complemented by other core brands and favourable mix.

Read more: Heineken's FY17 PBT Increases 4.6pc To RM363m

Qualcomm Meets Broadcom To Discuss $121 Billion Acquisition Offer

Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector’s largest ever acquisition.

Read more: Qualcomm Meets Broadcom To Discuss $121 Billion Acquisition Offer

Bonds Plunge, Global Stocks Surge On Spike In US CPI Data

Pic: Reuters

NEW YORK: Treasury prices plunged yesterday after a spike in US consumer prices in January raised expectations the Federal Reserve may quicken the pace of interest rate hikes, while global stocks rallied as investors took inflation in stride.

Read more: Bonds Plunge, Global Stocks Surge On Spike In US CPI Data

Houses In Malaysia Remain Unaffordable, Says BNM

KUALA LUMPUR – Malaysia faces a shortage of affordable houses for the masses, Bank Negara Malaysia (BNM) warned in a report that also disclosed data showing houses in the country were ”seriously unaffordable" in 2016 by international standards.

Read more: Houses In Malaysia Remain Unaffordable, Says BNM

BNM To Introduce Policies To Preserve Economic, Financial Stability

KUALA LUMPUR: Malaysia will continue to introduce new policies, as new risks from external spillovers emerge, in order to preserve macroeconomic and financial stability, says Bank Negara Malaysia (BNM).

Read more: BNM To Introduce Policies To Preserve Economic, Financial Stability

SGB Anticipated Revenue Increase From Malaysia Transformers' Plant

Pic: NST

KUALA LUMPUR: SGB MY Sdn Bhd, a unit under Germany-based SGB SMIT Group, is expecting the venture into aluminium oval transformers in Malaysia to contribute positive revenue growth by the end of this year.

Read more: SGB Anticipated Revenue Increase From Malaysia Transformers' Plant

Malaysia’s GDP Records Growth Of 5.9 Pct In 2017

KUALA LUMPUR: The Malaysian economy expanded 5.9 per cent in 2017 with private sector demand continuing to be the primary driver of growth while the outlook for 2018 remained favourable, supported by domestic demand, said Bank Negara Malaysia (BNM).

Read more: Malaysia’s GDP Records Growth Of 5.9 Pct In 2017

Japan To Open Space Biz Website Matching Startups To Investors

Masaji Matsuyama

TOKYO -- The Japanese government will open a website to support the matchmaking of startups that have business ideas in the space field, with investors and others, Japan's Jiji Press reported.

Read more: Japan To Open Space Biz Website Matching Startups To Investors

OPR Adjustment Reflects Normalisation And Not Tightening - BNM

KUALA LUMPUR – The Overnight Policy Rate (OPR) adjustment reflects a normalisation of key interest rates and is not a tightening of monetary conditions, says Bank Negara Malaysia.

Read more: OPR Adjustment Reflects Normalisation And Not Tightening - BNM

Physical Oil Market Sends Warning To OPEC: Rout Might Not Be Over

Pic: ReutersLONDON: As OPEC watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing worrying signals that the decline might be far from over.

Read more: Physical Oil Market Sends Warning To OPEC: Rout Might Not Be Over