Mon02202017

LAST_UPDATEMon, 20 Feb 2017 12am

'Trump Trades' On Boost To Economic Growth Come Back With A Bang

World stocks and bond yields rose on Monday, lifted by a re-emergence of so-called "Trump trades" as investors bet that the U.S. president's tax reform plans will boost economic growth and corporate profits.

Read more: 'Trump Trades' On Boost To Economic Growth Come Back With A Bang

Oil Stable As Opec's Cuts Bite, Although Bloated Market Still Weighs

Oil prices were stable on Monday on signs that OPEC-led production cuts were reducing global overproduction, although bloated inventories and rising output elsewhere were weighing on markets.

Read more: Oil Stable As Opec's Cuts Bite, Although Bloated Market Still Weighs

Petronas May Be Able To Contribute More Than RM13b In Dividends

KUALA LUMPUR: With crude oil prices rebounding, Petroliam Nasional Berhad (Petronas) might be able pay more than RM13 billion in dividends to the government this year, said its chairman Tan Sri Mohd Sidek Hassan.

Read more: Petronas May Be Able To Contribute More Than RM13b In Dividends

Oil Prices Dip As Markets Remain Bloated Despite OPEC-Led Cuts

SINGAPORE: Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC-led crude production cuts that have been more successful than most initially expected.

Read more: Oil Prices Dip As Markets Remain Bloated Despite OPEC-Led Cuts

PTPTN Announces 4 Pct Dividend For SSPN-i, SSPN-i Plus

Pic: Astro Awani

KUALA LUMPUR: The National Higher Education Fund (PTPTN) has announced a four per cent dividend for the National Education Savings Scheme SSPN-i and SSPN-i Plus for 2016.

Read more: PTPTN Announces 4 Pct Dividend For SSPN-i, SSPN-i Plus

Oldtown Expands Into Myanmar

PETALING JAYA: Oldtown Bhd’s unit Kopitiam Asia Pacific Sdn Bhd has executed a license agreement with Nikmat Mujur Sdn Bhd and Low See Nam to operate cafe outlets in Yangon, Myanmar.

Read more: Oldtown Expands Into Myanmar

7-Eleven Appoints New Deputy CEO, Independent Director

PETALING JAYA: 7-Eleven Malaysia Holdings Bhd announced the appointment of Singaporean Hishammudin Hasan – who is a former director of business development at Berjaya Corp Bhd – as new deputy CEO last Friday. His appointment was effective Feb 10.

Read more: 7-Eleven Appoints New Deputy CEO, Independent Director

HSBC: No, We're Not Closing Malaysian Operations

PETALING JAYA: HSBC Bank Malaysia Bhd has denied rumours that it is closing down its Malaysian operations amid news that HSBC Holdings PLC is cutting around 100 senior investment banking jobs globally.

Read more: HSBC: No, We're Not Closing Malaysian Operations

SunCity In Rm2b Project Opposite Sunway Velocity

PETALING JAYA: Sunway Bhd’s wholly-owned subsidiary Sunway City Sdn Bhd (SunCity) has entered into a joint venture (JV) agreement to develop 8.45 acres of leasehold land at Jalan Peel, Cheras, Kuala Lumpur.

Read more: SunCity In Rm2b Project Opposite Sunway Velocity

Pos Malaysia: We'll Deliver E-Fulfilment By End Of June

KUALA LUMPUR: Pos Malaysia Bhd is confident of becoming a comprehensive end-to-end e-fulfilment service provider by June 30, 2017 to tap into the e-commerce boom in Malaysia.

Read more: Pos Malaysia: We'll Deliver E-Fulfilment By End Of June