Sat07302016

LAST_UPDATESat, 30 Jul 2016 3pm

HLB Maintains 'Buy' Call On Maybank

HLIB also said improving domestic operations and expanding regional footprint, the establishment of new divisions to better address competition, customer-centric which gained traction, bode for the bank. Hong Leong Investment Bank (HLIB) Research has maintained a "buy" call on Malayan Banking Bhd (Maybank) at a target price of RM9.33 after the largest bank in Malaysia reported a higher revenue of RM1.18 billion for the first quarter ended March 31, 2016 from RM9.18 billion reported in the corresponding quarter.

Read more: HLB Maintains 'Buy' Call On Maybank

IMF Turns Back On Europeans In Greece Bailout

WASHINGTON — The “breakthrough” deal announced Wednesday to resume handing out bailout money to Greece sounded like old times: the International Monetary Fund working with European countries again as official lenders to Athens.

Read more: IMF Turns Back On Europeans In Greece Bailout

New Credit Card Scrutiny Sends Indonesians Back To Cash

JAKARTA: Indonesia’s plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows.

Read more: New Credit Card Scrutiny Sends Indonesians Back To Cash

AirAsia Has Had $1bn Takeover Offer For Leasing Unit

SINGAPORE: Asia’s largest budget airline AirAsia Bhd has received a $1 billion offer for its aircraft leasing unit, Bloomberg News quoted Chief Executive Tony Fernandes as saying.

Read more: AirAsia Has Had $1bn Takeover Offer For Leasing Unit

Stay Or Go? Brexit Activists Battle It Out

LONDON: Politicians and world leaders have dominated the headlines in the campaign for Britain’s EU referendum, but a passionate battle for the country’s future is also being fought by activists on the streets.

Read more: Stay Or Go? Brexit Activists Battle It Out

Japan Weak Retail Sales Bolsters Tax Hike Delay Plan

Pic: ReutersTOKYO: Japanese retail sales fell in April for the second consecutive month, bolstering the argument that a nationwide sales tax increase scheduled for April next year should be delayed.

Read more: Japan Weak Retail Sales Bolsters Tax Hike Delay Plan

Asia Shares Slip, Dollar Firm After Yellen's Hike Remarks

Pic: ReutersTOKYO: Asian shares edged down on Monday and the dollar marked fresh highs after Federal Reserve chief Janet Yellen suggested that an interest rate hike could be around the corner.

Read more: Asia Shares Slip, Dollar Firm After Yellen's Hike Remarks

China Bets On Duty-Free Paradise To Keep Luxury Spenders At Home

Pic: ReutersSANYA, CHINA: China's efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan that it hopes will satisfy a lust for luxury.

Read more: China Bets On Duty-Free Paradise To Keep Luxury Spenders At Home

Tax Evasion Crackdown Pushing Indonesians Back To Cash From Credit Cards

Pic: ReutersJAKARTA: Indonesia's plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows.

Read more: Tax Evasion Crackdown Pushing Indonesians Back To Cash From Credit Cards

Boeing Mulls Larger Engine For Biggest 737 MAX - Sources

Pic: ReutersPARIS/NEW YORK: Boeing is considering a plan to put a larger engine on its biggest narrowbody airliner in an effort to blunt the runaway success of a rival Airbus jet that outsells it by four to one, industry sources said.

Read more: Boeing Mulls Larger Engine For Biggest 737 MAX - Sources