Mon10232017

LAST_UPDATEFri, 27 Oct 2017 9am

Disney Shares Drop As Investors Weigh Risks Of New Streaming Plans

Pic: ReutersWalt Disney Co's plan to launch its own digital movie and sports services means the world's largest entertainment company must learn how to attract streaming video subscribers and keep them hooked in a highly competitive market.

Read more: Disney Shares Drop As Investors Weigh Risks Of New Streaming Plans

Oil Prices Edge Higher After U.S. Stockpile Fall

Pic: Reuters

TOKYO: Oil futures rose in early Asian trading on Thursday, adding to gains from the previous session after official figures showed U.S. crude inventories fell more than expected.

Read more: Oil Prices Edge Higher After U.S. Stockpile Fall

Asia Stocks Steady, Treasury Prices Off Highs As Risk Aversion Settles

Pic: Reuters

TOKYO: Asian stocks steadied and U.S. Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle.

Read more: Asia Stocks Steady, Treasury Prices Off Highs As Risk Aversion Settles

AirAsia’s Kuching-Langkawi Route Officially Launched

KUCHING: AirAsia, the world’s best low-cost airline, yesterday launched its inaugural flight from Kuching to Langkawi which will operate four times weekly on Monday, Wednesday, Friday and Sunday.

Read more: AirAsia’s Kuching-Langkawi Route Officially Launched

Malaysia Remains Regional Hub Of Choice For F&B Companies - Nogeh

Datuk Nogeh Gumbek.KUALA LUMPUR -- Malaysia has remained the choice city for food and beverage (F&B) companies in the area of regional resource management, said Deputy Agriculture and Agro-Based Industry Minister, Datuk Nogeh Gumbek.

Read more: Malaysia Remains Regional Hub Of Choice For F&B Companies - Nogeh

Ringgit Derivative Products In Offshore Market Against Malaysia's Policy - BNM

KUALA LUMPUR -- The recent introduction of ringgit futures at the Singapore Stock Exchange (SGX) and the Intercontinental Exchange (ICE) or ICE Futures Singapore is inconsistent with Malaysia’s foreign exchange administration (FEA) policy and rules, said Bank Negara Malaysia (BNM).

Read more: Ringgit Derivative Products In Offshore Market Against Malaysia's Policy - BNM

Felda Represents M'sian Govt's Interest In EHP Acquisition

BANGI -- The Federal Land Development Authority (Felda) is an intermediary for the Malaysian government in the acquisition of Indonesian oil palm planter, PT Eagle High Plantations Tbk (EHP).

Read more: Felda Represents M'sian Govt's Interest In EHP Acquisition

IMF: Thai Economy Should Grow 3.5 Pct In 2017

BANGKOK -- The International Monetary Fund (IMF) has projected that the Thai economy should grow by 3.5 per cent year-on-year on average this year, which is much higher than its 1.5 per cent expansion on average over the past six to seven years, Thai News Agency (TNA) reported.

Read more: IMF: Thai Economy Should Grow 3.5 Pct In 2017

EPF Has No Plan To Sell Stake In PLUS

KAJANG: The Employees Provident Fund (EPF), has no plan to dispose of its 49 per cent stake in highway operator, PLUS Malaysia Bhd, as the investment in the company was reaping good returns for the pension fund.

Read more: EPF Has No Plan To Sell Stake In PLUS

Mazda To Launch World's Most Fuel-Efficient Engine In 2019

Mazda Motor President Masamichi Kogai speaks at a news conference in Tokyo, Japan August 8, 2017. Picture by Reuters.KIM KYUNG-HOON

TOKYO: Japanese automaker Mazda Motor Corp. said Tuesday it will commercialise a next-generation gasoline engine in 2019 that will be between 20 and 30 per cent more fuel efficient than existing models, making it the world's least gas-eating engine, Japan's Jiji Press reported.

Read more: Mazda To Launch World's Most Fuel-Efficient Engine In 2019