|Thursday, February 23, 2017

Business News

Foreign investment is not leaving China: Commerce minister

BEIJING, Feb 22: China’s commerce minister on Tuesday sought to assuage concerns that foreign investment is leaving the country, saying claims to that effect were “biased.” In comments made to reporters, Gao Hucheng didn’t elaborate on the ministry’s views though data over the past few months have shown a pick up in fund outflows. “In recent years some products ...Full Article

M’sia should aim for top 20 ranking in Global Innovation Index

KUALA LUMPUR, Feb 21: Malaysia should set a target to raise its ranking in the Global Innovation Index from 35th place in 2016 to be among the top 20, ...Full Article

Malindo Air launches KL-Jeddah route

KUALA LUMPUR, Feb 21: Malindo Air has launched a new service from here to Jeddah, Saudi Arabia, with a one-hour stop-over in Ahmedabad, India. In a statement today, Malindo ...Full Article

KL remains top choice for commercial investment, development

KUALA LUMPUR, Feb 21: Kuala Lumpur remains the top choice for commercial investment or development, followed by Selangor, (23 per cent), Penang (17 per cent), Johor (20 per cent) ...Full Article

Ringgit opens slightly lower against US dollar

KUALA LUMPUR, Feb 21: The ringgit opened slightly lower against the US dollar, in early trade, dampened by persistent interest for the greenback on expectation the US Federal Reserve ...Full Article

Toshiba seeking US$8.8 billion for majority stake in chip unit: source

TOKYO, Feb 21: Toshiba Corp wants to raise at least 1 trillion yen (US$8.8 billion) from the sale of a majority stake in its flash memory chip business as ...Full Article

Asian stocks steady, euro pressured by French election worries

HONG KONG, Feb 21: Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while ...Full Article

Uber hires ex-US Attorney General Holder to probe sexual harassment

REUTERS, Feb 21: Uber Technologies Inc has hired former U.S. Attorney General Eric Holder to conduct a review of sexual harassment claims at the ride-hailing service made by a ...Full Article

Carbon tax regime timely, could boost Singapore’s economy: Stakeholders

SINGAPORE, Feb 21: Reactions to the announcement of an upcoming carbon tax system for Singapore have been generally positive, with stakeholders and observers calling the move timely and one ...Full Article

MAS to offer 25 pct discount for China flights

KUALA LUMPUR, Feb 20: Malaysia Airlines Bhd (MAS) is offering 25 per cent discount for economy flights to Chinese cities of Nanjing, Haikou, Fuzhou and Wuhan for bookings made ...Full Article
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