Tag Archives: investment

Tuesday, 28 March 2017 NEW YORK: Shares of Snap Inc jumped nearly 5% on Monday after several of the Snapchat owner’s IPO underwriters handed it badly needed “buy” ratings.  Snap’s initial public offering on 1 March was the largest by a technology firm in 3 years but trading has been …

Monday, 20 March 2017 SHANGHAI:  Baidu Inc said it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as competition heats up in the fast-growing electric vehicles market. Baidu is expanding into areas outside its core search …

Friday, 17 March 2017 KUALA LUMPUR: Malaysia Digital Economy Corporation (MDEC) recorded new investments totalling RM16.3 billion last year, up from the RM4.57 billion in 2015. Chief Executive Officer Datuk Yasmin Mahmood said of this sum, RM6.43 billion was from new investors, for a record-breaking second consecutive year. The RM9.84 …

Thursday, 2 March 2017 PUTRAJAYA: InvestKL expects to attract at least 10 multinational corporations (MNCs) to set up their regional establishments in greater Kuala Lumpur this year, amid an anticipated challenging global economy. InvestKL chief executive officer Datuk Zainal Amanshah said the target, albeit lower than the target set last …

Monday, 27 February 2017 HONG KONG: Asian stocks look set to edge lower for a second day on Monday as weak cues from U.S. share markets and declining European government bond yields on political worries push investors to take profits after a recent rally. Markets are holding in recent broad …

Monday, 6 February 2017 KUALA LUMPUR: CIMB-Principal Asset Management Bhd expects to raise RM300mil in sales from its newly-launched CIMB-Principal Preferred Securities Fund (PSF) this year. Chief executive officer Munirah Khairuddin said the preferred securities potentially offered attractive yields, especially in an environment with low interest rates and heightened volatility. …

Saturday, 4 February 2017 PUTRAJAYA: Lembaga Tabung Haji will allocate RM2 billion for real estate investments in UK and Australia for the next 3 years. Group managing director/chief executive officer Datuk Seri Johan Abdullah said this investment strategy would ensure Tabung Haji of recurring income in the future. “We haven’t …

Saturday, 7 January 2017 KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$94.6 billion (equivalent to RM424.2 billion) as at 30 December 2016 compared with US$95.3 billion (RM409.1 billion) as at end-2015. BNM said the reserves level as at 30 December 2016 had taken into account the adjustment …

Tuesday, 27 December 2016 BEIJING: China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan (US$161.19bil) in 2016 and foreign direct investment into China will total 785 billion yuan. The government will “promote the healthy and orderly development of outbound investment and cooperation” in 2017. China’s ODI …

Wednesday, 16 November 2016 TOKYO: Datuk Seri Najib Tun Razak has urged Japan to continue investing in Malaysia’s growth and development. Addressing key Japanese captains of industry at a lunch meeting here, the Prime Minister said Malaysia was moving towards a high-income nation category and this has opened up lots …