Fri03272015

LAST_UPDATEFri, 27 Mar 2015 9am

Rupiah Weakness Puts Investments In Indonesia At Risk

JAKARTA — Fund managers and foreign investors are bailing out of Indonesian stocks as worries grow that a perfect storm of a sliding rupiah, record levels of foreign debt and rising import costs could bring some businesses to their knees.

Read more: Rupiah Weakness Puts Investments In Indonesia At Risk

Apple’s Tim Cook To Give Away Wealth, Says ‘Fortune’

Reuters picNEW YORK — Apple Inc Chief Executive Tim Cook said he planned to give away all his wealth, the Fortune magazine reported.

Read more: Apple’s Tim Cook To Give Away Wealth, Says ‘Fortune’

Ministry Of Finance Appoints CIMB As Adviser For Edra Global Sale

PETALING JAYA: CIMB Group announced yesterday that it has been appointed to act as adviser to the Ministry of Finance (MoF) for the sale of 1Malaysia Development Bhd's (1MDB) power arm, Edra Global Energy Bhd to strategic investors.

Read more: Ministry Of Finance Appoints CIMB As Adviser For Edra Global Sale

Cahaya Mata Raises Stake In Smelting Project For US$18.45m

PETALING JAYA: Cahya Mata Sarawak Bhd (CMSB) is upping its stake in the ferrosilicon and manganese alloys smelting project in Samalaju Industrial Park (SIP) by another 5% for US$18.45 million (RM67.53 million).

Read more: Cahaya Mata Raises Stake In Smelting Project For US$18.45m

Wall St Down In 4th Straight Session After Choppy Trade

NEW YORK — US stocks fell for a fourth straight session yesterday but indexes ended well off session lows with support from economic data and earnings, including Accenture's.

Read more: Wall St Down In 4th Straight Session After Choppy Trade

US Groups Raise Concerns Over Leaked TPP Dispute-Settlement Plan

WASHINGTON — A leaked secret dispute-settlement provision of a pending US trade deal with Asia is raising concerns among nonprofit groups which say it favours big companies over governments.

Read more: US Groups Raise Concerns Over Leaked TPP Dispute-Settlement Plan

Chinese Tourists To Become Biggest Spenders Globally

Chinese travelers poised to become the biggest global spenders at McArthurGlen designer outlets in Europe.

Read more: Chinese Tourists To Become Biggest Spenders Globally

Matta Carnival Rakes In Sales Of RM150 Million

MATTAKUALA LUMPUR -- The Malaysian Association of Tour & Travel Agents Fair's (Matta) 2015 carnival recorded sales of RM150 million, up five per cent compared with last year.

Read more: Matta Carnival Rakes In Sales Of RM150 Million

No Hotel Rate Hike With GST, Assures Perak Budget Hotel Body

hotelIPOH -- The Perak Budget Hotel Association has given an assurance that it will not raise hotel room rates with the implementation of the Goods and Services Tax (GST) on April 1.

Read more: No Hotel Rate Hike With GST, Assures Perak Budget Hotel Body

Corporate Wakaf To Empower Economy Of Muslims

WakafKUALA LUMPUR -- From April 1, the Badminton Association of Malaysia coaches performance will be measured by a new Key Performance Indicator (KPI) under the new restructuring programme.

Read more: Corporate Wakaf To Empower Economy Of Muslims