|Thursday, February 23, 2017

Business News

US stocks mixed after five-day streak of record highs

NEW YORKk, Feb 17: Wall Street stocks finished mixed on Thursday (Feb 16) as a five-day streak of record highs finally began to show signs of fatigue. The Dow Jones Industrial eked out another record close, but the S&P 500 and Nasdaq both declined, ending a stretch in which all three major indices closed at records. Stocks have been ...Full Article

New US home construction slows in January

WASHINGTON, Feb 17: Construction begun on new housing fell slightly in January, driven by sharp declines in building in the US West and Midwest, the Commerce Department reported on ...Full Article

US jobless claims edge upward in mid-February

WASHINGTON, Feb 17: New US claims for jobless benefits edged up in the second week of February but continued their record streak of low levels, the Labour Department reported ...Full Article

Najib urges M’sian construction firms to become global giants

KUALA LUMPUR, Feb 17: Malaysian construction firms must work towards becoming regional and global construction and engineering giants, said Prime Minister Datuk Seri Najib Tun Razak. Najib said this ...Full Article

11 TPP members to meet in May to decide on its future

KUALA LUMPUR, Feb 16: Eleven Trans-Pacific Partnership (TPP) members are expected to decide on the future of the pact in May this year during the Asia-Pacific Economic Cooperation (APEC) ...Full Article

Consortium wins joint development partner contract for KL-Singapore high-speed rail

SINGAPORE, Feb 16: A three-party consortium has won the joint development partner contract for the Kuala-Lumpur-Singapore high-speed rail (HSR) project, Singapore’s Land Transport Authority (LTA) and Malaysia’s MyHSR Corp ...Full Article

M’sian property sector to see 10 pct growth in transactions

KUALA LUMPUR, Feb 16: Malaysia’s property sector will see a 10 per cent growth in transaction volume over the course of 24 months, says international property consultant, Rahim and ...Full Article

AirAsia looking for 10 pct passenger growth in 2017

NEW DELHI, Feb 16: AirAsia Bhd expects more than 10 per cent growth in passengers this year as it continues to expand network and fleet. The budget carrier will ...Full Article

Domestic banking system remains well-capitalised – BNM

KUALA LUMPUR, Feb 16: The domestic banking system remains well-capitalised, with ample liquidity to support the financing needs of businesses and households, Bank Negara Malaysia (BNM) said today. It ...Full Article

Ringgit began to stabilise towards end 4Q2016 – Bank Negara

KUALA LUMPUR, Feb 16: The ringgit, along with regional currencies, began to stabilise towards the end of the fourth quarter 2016 and amidst higher stability in global financial markets, ...Full Article
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