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Sunday, 13 March 2016
SINGAPORE (March 13): Myanmar has four currency rates, no credit rating, and a shiny new stock exchange that doesn’t yet trade. Those are some pieces of the financial puzzle that Aung San Suu Kyi’s National League for Democracy inherited when it took ...
Sunday, 13 March 2016
HELSINKI (March 13): Finland had its credit grade cut to AA+ by Fitch Ratings, which cited a limited potential for a pickup in economic growth. “Economic performance remains weak,” Fitch said in a statement Friday announcing the reduction to the second- ...
Sunday, 13 March 2016
KUALA LUMPUR (March 13): The Malaysian Government said its commitment to the rule of law and human rights had provided "democratic space for its citizens." In a statement late yesterday, the Foreign Affairs Ministry said such commitment came with the ...
Sunday, 13 March 2016
(March 13): A line of severe thunderstorms hit Louisiana on Saturday, adding more rain to flooded rivers across the lower Mississippi Valley after days of downpours, meteorologists said. Drenching rains this week have killed three people in Louisiana and ...
Sunday, 13 March 2016
NEW YORK (March 13): Oil rose up to 2 percent on Friday, with U.S. crude gaining for a fourth straight week, after the world's energy watchdog said the market may have hit bottom, although Goldman Sachs said the 50 percent rally in under two months was " ...
Sunday, 13 March 2016
KUALA LUMPUR (March 13): A top Malaysian finance ministry official is set to be appointed central bank governor to replace Zeti Akhtar Aziz next week, the Wall Street Journal reported, citing unidentified sources. Mohd Irwan Serigar Abdullah will replace ...
Saturday, 12 March 2016
KUALA LUMPUR (March 12): The Edge weekly in its latest edition reported that late last month at a closed-door press briefing to discuss Petroliam Nasional Bhd’s (Petronas) financials, president and CEO Datuk Wan Zulkiflee Wan Ariffin talked about the need ...
Saturday, 12 March 2016
This article first appeared in Forum, The Edge Malaysia Weekly, on March 7 - 14, 2016. The start of 2016 has been a turbulent time in the world’s equity markets. The world’s economies have been far less volatile. Once again, economics and markets seem to ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): Based on corporate announcements and news flow today, companies that may be in focus next Monday (March 14) could include the following: Felda Global Ventures (FGV), Hibiscus Petroleum, Chemical Co, Key Alliance Group (KAG), BHS ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): The Federal Government has agreed to terminate former Prime Minister Tun Mahathir Mohamad’s appointment as advisor to the national oil firm Petroliam Nasional Bhd (Petronas). The announcement came at the heel of his move of ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): Outgoing Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz said she has submitted the central bank's recommendation on her potential successor to Prime Minister Datuk Seri Najib Razak. Zeti also said she and BNM ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): Multi-Usage Holdings Bhd has been advised to lodge reports with the relevant regulatory authorities and take legal action against the “certain directors” allegedly misappropriating funds and conducting dodgy practices at the ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): Bumi Armada Bhd has issued a retaliatory termination notice of contract to Australia-based Woodside Energy Julimar Pty Ltd for the charter of the Armada Claire floating production storage and offloading (FPSO) unit. In a filing ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): The Armed Forces Fund Board (LTAT) will be paying 12% dividend and bonus for the financial year ended Dec 31, 2015 (FY15), equivalent to RM693.8 million. In a statement today, LTAT said the dividend and bonus comprise of 6% ...
Monday, 14 March 2016
Discussing the quality of the voice technology in Amazon's Echo device, and should customers trust the technology to manage their finances, with Edmund Lee, Re/code managing editor.
Friday, 11 March 2016
KUALA LUMPUR (March 11): MISC Berhad (MISC) will merge its chemical fleet with AET Tanker Holdings Sdn Bhd’s (AET) clean petroleum products (CPP) fleet in a synergic move to offer customers additional capacity and flexibility. MISC, one of the world’s ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): Berjaya Auto Bhd (BAuto) saw its third quarter ended Jan 31, 2016 (3QFY16) net profit fell by 11.6% to RM41.13 million or 3.6 sen per share, from RM46.52 million or 4.1 sen per share a year ago, mainly due to margin contraction. ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): The Employees Provident Fund Board has ceased to be a substantial shareholder in Only World Group Holdings Bhd (OWG), after disposing 171,000 shares, reducing its shareholding in the company to 4.96%. In a filing with Bursa ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): TAS Offshore Bhd said it has received a notice from QMS1 Offshore Services Ltd to cancel contracts to build two units of anchor handling tug supply (AHTS) vessels. In a filing with Bursa Malaysia today, TAS said its wholly-owned ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): Compugates Holdings Bhd has decided to abort its proposed rights issue with warrants, due to unfavourable market conditions. In a filing with Bursa Malaysia, M&A Securities Sdn Bhd on behalf of the company, said its board had ...
Friday, 11 March 2016
KUALA LUMPUR (March 11): The Pahang state government has granted Ultimate Ivory Sdn Bhd, a wholly-owned subsidiary of BHS Industries Bhd, a 26-acre plot of land in Pekan to develop the first phase of the Pekan Green Technology Park. In a filing with Bursa ...

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