Tue05302017

LAST_UPDATEMon, 29 May 2017 11pm

CIMB Bags Five Awards At MEEA 2017

Pic: theSun

PETALING JAYA: CIMB Bank Bhd garnered five awards at the Malaysian e-Payments Excellence Awards (MEEA) 2017, an event that recognises the outstanding achievements of banks, businesses and government agencies that have contributed significantly towards growth of e-payments in Malaysia.

Read more: CIMB Bags Five Awards At MEEA 2017

2nd Africa-India Summit: Africa-India Trade Will Double To US$100b - AfDB

President Akinwumi Adesina.

ADDIS ABABA -- Africa-India trade rose five-fold in the last decade and is forecast to double to 100 billion USD by 2018, African Development Bank (AfDB) President Akinwumi Adesina said.

Read more: 2nd Africa-India Summit: Africa-India Trade Will Double To US$100b - AfDB

South Africa Still Number One FDI Recipient In Africa

PRETORIA -- South Africa continues to be the largest recipient of Foreign Direct Investment (FDI) on the African continent, Brand South Africa said.

Read more: South Africa Still Number One FDI Recipient In Africa

Sony Chief Promises Profitability, But Is Short On Specifics

TOKYO — Sony’s leader promised a comeback for the Japanese electronics and entertainment company having its best profitability in two decades.

Read more: Sony Chief Promises Profitability, But Is Short On Specifics

Saudi Arabia Pledges $20 Billion To Blackstone For American Infrastructure

The firm at the center of the deal, the Blackstone Group (BX), has a close connection to President Trump. Blackstone CEO Steve Schwarzman advises the president on policy issues ranging from trade to infrastructure.

Read more: Saudi Arabia Pledges $20 Billion To Blackstone For American Infrastructure

Cathay Pacific Airways To Cut Additional 200 Jobs On Top Of The 600 Announced

Pic: ReutersHONG KONG: Hong Kong's flagship carrier Cathay Pacific Airways Ltd plans to cut an additional 200 jobs on top of the 600 already announced as it seeks to return to profitability, the South China Morning Post reported on Tuesday.

Read more: Cathay Pacific Airways To Cut Additional 200 Jobs On Top Of The 600 Announced

Trump Budget Would Cut Oil Stockpile, Open Arctic Refuge To Drilling

Pic: Reuters

WASHINGTON: U.S. President Donald Trump's White House would sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of a plan to balance the budget over the next 10 years, documents released by the administration on Monday showed.

Read more: Trump Budget Would Cut Oil Stockpile, Open Arctic Refuge To Drilling

Sterling Retreats After Manchester Blast, Stocks Steady

An ambulance drives away from the Manchester Arena, where U.S. singer Ariana Grande had been performing, in Manchester. REUTERS/Andrew Yates

SINGAPORE: Sterling extended losses after British police said they were treating an explosion in Manchester as a possible terrorist attack, while the euro retained gains made on comments by German Chancellor Angela Merkel that the common currency was "too weak."

Read more: Sterling Retreats After Manchester Blast, Stocks Steady

Pound Falls Versus Yen After Manchester Blast

TOKYO: The British pound sagged against the yen on Tuesday (May 23) after a blast at a concert in the city of Manchester killed at least 19 people.

Read more: Pound Falls Versus Yen After Manchester Blast

Nazir Razak Leaving EPF Panel, Tenure Ends This Month

KUALA LUMPUR: Datuk Seri Nazir Razak has opted not to be renewed as an Employees Provident Fund (EPF) panel member when his tenure ends this month.

Read more: Nazir Razak Leaving EPF Panel, Tenure Ends This Month