Global economic news continues to be largely positive. The Japanese economy is growing although weak inflation is still a problem. News from the EU points to a continent poised for additional growth while the UK has yet to experience the much-predicted post-Brexit recession. While Canada’s month GDP figure was […]
The credit markets – often an early harbinger of a recession – are in solid shape. Overall, there is little financial stress:
This week’s big news was the administration’s tax cut proposals, which would lower the top individual rate, cut the corporate tax rate to 20% and eliminate the estate tax. The markets interpreted this development positively bidding up equities and selling treasuries. Standard economic theory states lower taxes are inherently […]
IT is puzzling that a little known property company called Paragon Adventure Sdn Bhd is forking out RM145.7mil for a 51% stake in ceramic products company Goh Ban Huat Bhd (GBH).
PETALING JAYA: China’s Dr Li Chunrong (pic) takes over as the first non-Malaysian to head Proton Holdings Bhd’s manufacturing arm on Monday, with a promise to draw up a recovery roadmap for the company within 10 weeks.
Li Chunrong, the newly appointed chief executive officer (CEO) of Proton manufacturing arm Perusahaan Otomobil Nasional Sdn Bhd (PONSB), will unveil a transformative plan encompassing eight topics to improve the operations of the company.
KUALA LUMPUR: Dayang Enterprise Holdings Bhd has bagged a maintenance, construction and modification (MCM) services contract from Petronas Carigali Sdn Bhd.
NEW YORK: The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains.
KUALA LUMPUR: Malaysian palm oil futures fell on Friday, tracking losses in overnight soyoil prices on the Chicago Board of Trade (CBOT).
BEIJING: Communist Party members should study contemporary capitalism but must never deviate from Marxism, Chinese President Xi Jinping said, offering a clear signal there will be no weakening of party control weeks ahead of a key Congress opening.
SEPANG, Malaysia: Malaysia would not want to host Formula One after this year’s final grand prix there even if it was offered to the country for free, Sepang circuit chief executive Razlan Razali said on Friday. It is a bad investment.
NEW YORK: Oil prices closed up on Friday after a rally in prices on geopolitical instability in Iraqi Kurdistan helped Brent make its strongest third-quarter price performance since 2004.