Wed03292017

LAST_UPDATEWed, 29 Mar 2017 9am

Malaysia Launches World's First Digital Free Trade Zone Outside China

KUALA LUMPUR: Prime Minister Datuk Seri Najib Abul Razak and Alibaba Group founder and executive chairman Jack Ma yesterday launched the world’s first Digital Free Trade Zone (DFTZ) outside of China, which has the potential to double the growth rate of Malaysian small and medium enterprises’ (SMEs) goods exports by 2025.

Read more: Malaysia Launches World's First Digital Free Trade Zone Outside China

FGV Seeks Overseas Partners For Downstream Expansion

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) is in talks with various parties overseas, including China National Cereals, Oils and Foodstuffs Corp (Cofco), to expand its downstream business overseas.

Read more: FGV Seeks Overseas Partners For Downstream Expansion

AMMB Dismisses Reports Of Potential Merger With RHB

KUALA LUMPUR: Reports on a potential merger between AMMB Holdings Bhd and RHB Bank have been laid to rest as just old news being recirculated.

Read more: AMMB Dismisses Reports Of Potential Merger With RHB

Berjaya Land Posts RM33.8m Net Profit In Q3

PETALING JAYA: Berjaya Land Bhd posted a net profit of RM33.8 million for the third quarter ended Jan 31, 2017 (Q3’17), from a net loss of RM21 million in the previous corresponding quarter.

Read more: Berjaya Land Posts RM33.8m Net Profit In Q3

Boustead, Technology Depository Agency To Work On National Airspace Policy, Hub

PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) will collaborate with Technology Depository Agency Bhd (TDA) for the development of the National Airspace Policy (NAP) and National Airspace Management (NASM) Centre.

Read more: Boustead, Technology Depository Agency To Work On National Airspace Policy, Hub

Burger King Says It Will Stop Serving Abused Chickens

The company said Tuesday that it plans to stop buying chickens from farms that grossly mistreat them.

Read more: Burger King Says It Will Stop Serving Abused Chickens

BNM's International Reserves Amount To US$94.9b

Pic: The Sun Daily

KUALA LUMPUR: Bank Negara Malaysia's (BNM) international reserves as at March 15, 2017 amounted to US$94.9 billion (equivalent to RM425.5 billion).

Read more: BNM's International Reserves Amount To US$94.9b

Asia Stocks Advance, Dollar, Oil Recover From Multi-Month Lows

Pic: ReutersSINGAPORE: Asian stocks rose on Thursday, taking their cues from a Wall Street bounce, while the dollar crawled up from a four-month low but remains clouded by concerns about U.S. President Donald Trump's pro-growth policies.

Read more: Asia Stocks Advance, Dollar, Oil Recover From Multi-Month Lows

Alibaba Launches Malaysian Hub For Electronic World Trade Platform – And Plans A ‘New Silk Road’

Pic: SCMP

China’s Alibaba Group is to set up a trading and logistics hub in Malaysia as part of its efforts to establish an electronic world trade platform that it hopes will help create a modern version of the ancient Silk Road trade route.

Read more: Alibaba Launches Malaysian Hub For Electronic World Trade Platform – And Plans A ‘New Silk Road’

Dollar Limps Up From Four-Month Low Vs. Yen, Trump's Healthcare Bill In Focus

Pic: Reuters

TOKYO: The dollar nudged up from four-month lows against the yen early on Thursday, although U.S. President Donald Trump's struggle to push through a healthcare bill could weigh on any recovery in the greenback.

Read more: Dollar Limps Up From Four-Month Low Vs. Yen, Trump's Healthcare Bill In Focus