Tue08222017

LAST_UPDATETue, 22 Aug 2017 7pm

Ford Says Signs MoU With Chinese Automaker To Build Electric Vehicles In China

Pic: ReutersSHANGHAI: Ford Motor Company said on Tuesday it has signed a memorandum of understanding with Chinese firm Anhui Zotye Automobile Co to explore establishing a joint venture to build electric passenger vehicles in China.

Read more: Ford Says Signs MoU With Chinese Automaker To Build Electric Vehicles In China

TPP Fate To Be Decided At APEC 2017 In Vietnam

KUALA LUMPUR: The future of the Trans Pacific Partnership grouping will be decided during the APEC leaders' summit in Vietnam in November.

Read more: TPP Fate To Be Decided At APEC 2017 In Vietnam

Hartalega To Invest RM300m-RM400m Each On Remaining Three NCG Plants

KUALA LUMPUR: Hartalega Holdings Bhd will spend between RM300 million and RM400 million capital expenditure (capex) each on the remaining three plants at its the Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang over the next three years.

Read more: Hartalega To Invest RM300m-RM400m Each On Remaining Three NCG Plants

Japan Tobacco To Buy Philippine Cigarette Maker Mighty For $936 Million

TOKYO: Japan Tobacco Inc (2914.T) said on Tuesday it would buy the Philippines' No. 2 cigarette maker Mighty Corp for about $936 million, its second large deal in Southeast Asia this month as it deepens its push into emerging markets.

Read more: Japan Tobacco To Buy Philippine Cigarette Maker Mighty For $936 Million

AirAsia To Commence Johor-Kolkata Route On Nov 28

KUALA LUMPUR – AirAsia will commence operations of the Johor Baharu-Kolkata route on Nov 28, 2017, with five times weekly direct flights.

Read more: AirAsia To Commence Johor-Kolkata Route On Nov 28

Bank Negara's International Reserves Touches Us$100 Bln (RM431 Bln) As At Aug 15, 2017

KUALA LUMPUR – Bank Negara Malaysia’s (BNM) international reserves amounted to US$100.4 billion (RM431.0 billion) as at Aug 15, 2017, compared with US$99.4 billion (RM427 billion) registered as at July 31, 2017.

Read more: Bank Negara's International Reserves Touches Us$100 Bln (RM431 Bln) As At Aug 15, 2017

Malaysia To Continue Supporting Multilateralism - Mustapa

Pic: BernamaKUALA LUMPUR: Malaysia will continue to support multilateralism despite the prevalent anti-globalisation rhetoric in some parts of the world, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Read more: Malaysia To Continue Supporting Multilateralism - Mustapa

Malaysia's July Inflation To Ease To 3.2 Pct On Lower Fuel Prices - RAM

KUALA LUMPUR -- RAM Rating Services Bhd expects Malaysia’s inflation to ease for the fourth consecutive month, falling to 3.2 per cent in July 2017 after slipping to 3.6 per cent in the preceding month.

Read more: Malaysia's July Inflation To Ease To 3.2 Pct On Lower Fuel Prices - RAM

McDonald's To Shut 169 Outlets In India Amid Dispute With Local Partner

Pic: ReutersNEW DELHI: Fast food chain McDonald's said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of workers out of jobs.

Read more: McDonald's To Shut 169 Outlets In India Amid Dispute With Local Partner

Malaysia Is IKEA's Near RM1 Billion Asean Distribution And Supply Chain Hub

KUALA LUMPUR: IKEA, the world’s largest furniture retailer headquartered in the Netherlands, has decided to establish its regional distribution and supply chain centre for Asean in Malaysia.

Read more: Malaysia Is IKEA's Near RM1 Billion Asean Distribution And Supply Chain Hub