|Wednesday, January 18, 2017

Business News

Gold up RM1.42 at RM166.90 per gramme at 5 pm

KUALA LUMPUR, JAN 12: The physical price of gold as at 5 pm stood at RM166.90 per gramme, up RM1.42 from RM165.48 at 5 PM yesterday. — Bernama
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India provides US$6.1 million aid for Nepal’s irrigation projects

KATHMANDU, Jan 12: India has provided an additional grant assistance of about US$6.196 million for irrigation and river embankment projects in southern Nepal. Indian Ambassador to Nepal Ranjit Rae handed over ...Full Article

Maybank’s Indonesian unit propose to dispose equity interest to RCM

KUALA LUMPUR, Jan 12: Malayan Banking Bhd’s (Maybank) unit, PT Bank Maybank Indonesia TBK (Maybank Indonesia), is proposing to dispose 68.55 per cent of its equity interest in PT Wahana Ottomitra ...Full Article

Prestariang, Alibaba.com ink MOU to set up educloud

KUALA LUMPUR, Jan 12: Prestariang Bhd has partnered Alibaba.com Singapore E-Commerce Pte Ltd to create EduCloud, an integrated education platform (IEP), to drive an innovation ecosystem for the education sector. In ...Full Article

Mercedes-Benz hits records sales with 11,779 units in 2016

KUALA LUMPUR, Jan 12: Mercedes-Benz Malaysia (MBM) posted an all-time record sales of 11,779 units in 2016, up nine per cent from 10,845 units sold in the previous year. MBM President ...Full Article

Gold futures higher at midday

KUALA LUMPUR, Jan 12: Gold futures contract on Bursa Malaysia Derivatives was higher at midday with only two contract months traded.  January 2017 added 11 ticks to RM171.3, February 2017 ...Full Article

Airbus increases prices of aircraft by one pct in 2017

KUALA LUMPUR, Jan 12: Airbus has increased the average list prices of its aircraft by one percent across the product line, effective Jan 1, 2017. In a statement, it said the ...Full Article

US stocks gain despite Trump hit to pharma

NEW YORK, Jan 12: US stocks finished higher on Wednesday (Jan 11) following a volatile session, with strong gains by energy shares offsetting the hit to the pharmaceutical sector following ...Full Article

Trump warns US firms moving jobs offshore, singling out pharma

NEW YORK, Jan 12: President-elect Donald Trump on Wednesday (Jan 11) attacked US companies who ship jobs offshore, singling out the pharmaceutical industry for high drug prices and for manufacturing ...Full Article

Trump says his sons will oversee business while he is president

WASHINGTON, Jan 12: U.S. President-elect Donald Trump said on Wednesday he is separating himself from his global business empire by transferring his assets into a trust and putting his two ...Full Article
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