Wed03292017

LAST_UPDATEWed, 29 Mar 2017 9am

Singapore’s Richest Move Up Four Spots In World Billionaire Ranking: Forbes

Pic: TODAY

SINGAPORE: There are currently 21 people in Singapore’s billionaires club, it was revealed in the Forbes magazine list of the world’s richest billionaires released yesterday.

Read more: Singapore’s Richest Move Up Four Spots In World Billionaire Ranking: Forbes

Malaysia's Economy Has Stabilised Amid Falling Government Revenue: Moody's

PETALING JAYA: Malaysia’s A3 issuer rating and stable outlook indicates a resilient economy against structural fiscal challenges posed by the trend deterioration in revenue, as well as signs of weakening institutional strength, according to Moody’s Investors Service.

Read more: Malaysia's Economy Has Stabilised Amid Falling Government Revenue: Moody's

Toshiba Must Jump Through Hoops To Regain Market Trust

TOKYO -- While it was inevitable given Toshiba's financial implosion, recent credit rating downgrades have made the company's fight for survival even more difficult. As new problems at U.S. nuclear unit Westinghouse Electric continue to surface, the Japanese technology giant faces perils from many directions.

Read more: Toshiba Must Jump Through Hoops To Regain Market Trust

Goldman Building Robo-Adviser To Give Investment Advice To The Masses

Pic: ReutersGoldman Sachs Group Inc, known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank's website.

Read more: Goldman Building Robo-Adviser To Give Investment Advice To The Masses

Bitcoin Steadies After Biggest Three-Day Tumble In Over Two Years

Pic: ReutersLONDON: Bitcoin regained its footing on Monday, having suffered its heftiest falls since early 2015 between Thursday and Saturday as investors sold the digital currency on worries about its future.

Read more: Bitcoin Steadies After Biggest Three-Day Tumble In Over Two Years

Axiata Analysing All Potential Impact On Idea-Vodafone India Merger

KUALA LUMPUR -- Axiata Group Bhd is analysing all potential impact on it arising from the proposed merger of Idea Cellular Ltd with Vodafone India.

Read more: Axiata Analysing All Potential Impact On Idea-Vodafone India Merger

PNB Committed To Declare Competitive Dividends This Year

Tan Sri Abdul Wahid Omar. Photo: Mole

KUALA LUMPUR -- Permodalan Nasional Bhd (PNB) is committed to declare competitive dividend payout on its investment products this year in line with the corporate sector's positive forecast.

Read more: PNB Committed To Declare Competitive Dividends This Year

BNM: Malaysia Needs To Produce More Fintech Solutions Companies

KUALA LUMPUR -- Malaysia needs to produce more companies to provide financial technology (fintech) solutions that are not only available locally but also in other emerging markets, particularly within the Association of South-East Asian Nations, said Bank Negara Malaysia (BNM).

Read more: BNM: Malaysia Needs To Produce More Fintech Solutions Companies

Airbus Forecast 15,000 Planes In Asia Pacific

KUALA LUMPUR -- France-based aircraft manufacturer, Airbus, has forecast that demand for new planes in Asia Pacific would increase to 15,000 from the current 6,000 in the next 20 years.

Read more: Airbus Forecast 15,000 Planes In Asia Pacific

MAS Directs SGX To Enhance Recovery Processes Following Trading Disruption Last Year

Photo: Today Online

SINGAPORE -- The Monetary Authority of Singapore (MAS) has directed the Singapore Exchange (SGX) to implement measures to enhance its recovery processes and operational resilience.

Read more: MAS Directs SGX To Enhance Recovery Processes Following Trading Disruption Last Year