Fri10312014

LAST_UPDATEFri, 31 Oct 2014 10pm

MCMC Bullish On RM600m Content Exports

Pic: New Straits TimesKUALA LUMPUR: Malaysian Communications and Multimedia Commission (MCMC) is confident of achieving its target of RM600 million in content exports by year-end.

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Alibaba To Increase IPO Size To Record US$25b

Alibaba Group Holding Ltd employees and executives use their mobile phones to take pictures as they arrive for the company's initial public offering under the ticker 'BABA' at the New York Stock Exchange in New York September 19, 2014. — Reuters pic NEW YORK: Alibaba Group Holding Ltd.’s bankers exercised an option to boost the size of its initial public offering by 15 per cent on strong demand, making it the biggest ever at US$25 billion (RM80.85 billion), a person familiar with the matter said.

Read more: Alibaba To Increase IPO Size To Record US$25b

Dollar Slips In Asia After Last Week’s Surge

The ‘Year of the Horse’ one dollar bill is displayed for the media at the Bureau of Engraving and Printing (BEP) in Washington, DC December 3, 2013. — Reuters picTOKYO: The dollar retreated in Asia today after surging last week on US Federal Reserve hints at higher-than-expected interest rates and Scotland’s decision not to break away from the United Kingdom.

Read more: Dollar Slips In Asia After Last Week’s Surge

Malaysian Bonds Rallying On Optimism Key Rate

Pic: www.rakyatnews.myKUALA LUMPUR: Malaysia’s three-year government bonds rose, pushing the yield to a five-week low, on speculation the central bank will refrain from increasing the benchmark interest rate again this year.

Read more: Malaysian Bonds Rallying On Optimism Key Rate

Higher Growth Forecast

Pic: New Straits TimesMALAYSIA has revised upwards its forecast for this year’s growth to between 5.5 and 6.0 per cent, following impressive growth in the first half of the year.

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Cargo Performance Faces Various Challenges

Pic: www.jaunted.comKUCHING: Although air freight volumes continue to show solid gains since the last 12 months, supported by economic improvements in some regions, the International Air Transport Association (IATA) has highlighted that high jet fuel prices and overall weakness in yields kept cargo financial performance from improving so far this year.

Read more: Cargo Performance Faces Various Challenges

Phillip Futures To Hold Futures Market Seminars

Pic: www.marketing-interactive.comKUCHING: Education is important to curb misconception about the Futures Market, or the Futures Exchange market says Phillip Futures Sdn Bhd (Phillip Futures), a wholly-owned subsidiary of Phillip Capital Holding Sdn Bhd.

Read more: Phillip Futures To Hold Futures Market Seminars

AirAsia Offers 1.5 Million Promo Seats For Sale From As Low As RM5

Pic: savemoney.myKUCHING: AirAsia continues with its pledge to make air travel affordable and accessible to everyone by kicking off its latest promotion, with 1.5 million seats up for grabs with base fares from as low as RM5 one way.

Read more: AirAsia Offers 1.5 Million Promo Seats For Sale From As Low As RM5

Maybank IB Research Upbeat On SCORE’s Significant Progress

Pic: berita.rtm.gov.myKUCHING: The research arm of Maybank IB Research (Maybank IB Research) has revealed that it is upbeat on significant progress in Sarawak Corridor of Renewable Energy (SCORE) as more construction works have since rolled out and more detailed development plans have been made to ensure sustainable growth.

Read more: Maybank IB Research Upbeat On SCORE’s Significant Progress

Siemens In US$7.6b Cash Deal For Dresser-Rand

The Siemens logo is seen during the IFA Electronics show in Berlin September 4, 2014. Pic: ReutersNEW YORK: Siemens AG agreed to buy Dresser- Rand Group Inc for US$7.6 billion (RM24.578 billion) including debt as Europe’s largest engineering company is expanding its business with oil- and-gas equipment in the US.

Read more: Siemens In US$7.6b Cash Deal For Dresser-Rand