Thu09212017

LAST_UPDATEThu, 21 Sep 2017 10am

JPMorgan's Dimon Says Bitcoin 'Is A Fraud'

Pic: ReutersNEW YORK: Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co, said on Tuesday.

Read more: JPMorgan's Dimon Says Bitcoin 'Is A Fraud'

RBI Looking Into Cryptocurrencies, 'Not Comfortable' With Bitcoin

Pic: ReutersMUMBAI: The Reserve Bank of India (RBI) has a group looking into cryptocurrencies as legal tender, a senior official said on Wednesday, but emphasised the central bank’s discomfort with bitcoin which has recently come under intense global regulatory scrutiny.

Read more: RBI Looking Into Cryptocurrencies, 'Not Comfortable' With Bitcoin

WhatsApp Co-Founder Brian Acton To Leave Company

Pic: ReutersBrian Acton, co-founder of WhatsApp, now owned by Facebook Inc, will leave the messaging service company to start a new foundation, he said in a Facebook post on Tuesday.

Read more: WhatsApp Co-Founder Brian Acton To Leave Company

PNB Hopes To See Boost In Unit Holders Following Nods From Selangor, Penang Muftis

Pic: UtusanKUALA LUMPUR: Permodalan Nasional Bhd (PNB) hopes to increase the number of unit holders from the current 13 million following the backing of the Selangor and Penang muftis who have issued a ‘harus’, or permissible status, for investments in the fund's products – Amanah Saham Bumiputera and Amanah Saham Nasional.

Read more: PNB Hopes To See Boost In Unit Holders Following Nods From Selangor, Penang Muftis

Robust Productivity Initiatives Equip Malaysia To Face Industry 4.0

PUTRAJAYA: Robust productivity initiatives will equip Malaysians to face Industry 4.0, said Malaysia Productivity Corporation (MPC) Chairman, Tan Sri Azman Hashim.

Read more: Robust Productivity Initiatives Equip Malaysia To Face Industry 4.0

Boeing Says Signs Deal To Sell 8 787s, 8 737s To Malaysia

Pic: Reuters

SINGAPORE: Boeing (BA.N) has signed a memorandum of understanding to sell 16 aircraft to Malaysia Airlines, eight widebody 787 Dreamliners and eight narrowbody 737 MAXs, the company said on Wednesday.

Read more: Boeing Says Signs Deal To Sell 8 787s, 8 737s To Malaysia

Asian Shares Lifted To 10-Year High Cheered By Record Highs On Wall St.

TOKYO: Asian shares inched up to a 10-year high on Wednesday, cheered by record highs on Wall Street, while the dollar’s rise against the yen helped boost Japanese shares.

Read more: Asian Shares Lifted To 10-Year High Cheered By Record Highs On Wall St.

Axiata Unit Buys Stake In Sri Lanka Finance Firm For RM29.48 Mln

KUALA LUMPUR – Axiata Group Bhd’s 83.32 per cent-owned subsidiary, Dialog Axiata Plc, has acquired an 80.34 per cent stake in Colombo Trust Finance PLC (CTF) from Cargills Bank Ltd for RM29.48 million.

Read more: Axiata Unit Buys Stake In Sri Lanka Finance Firm For RM29.48 Mln

Felcra To Venture Into Corn Cultivation To Reduce Import

 

MELAKA -- Felcra Berhad will implement a special corn crop project to feed livestock to reduce the country's dependence on imports now valued at about RM3 billion a year.

Read more: Felcra To Venture Into Corn Cultivation To Reduce Import

HSR A Transformational Investment, Says US Engineering Firm

KUALA LUMPUR -- High-speed Rail (HSR) is a transformational investment, acting as a catalyst for commercial and economic development, a US-based engineering firm representative said.

Read more: HSR A Transformational Investment, Says US Engineering Firm