Sun06252017

LAST_UPDATEFri, 30 Jun 2017 8am

Investor-friendly BN Government To Continue Welcoming FDI - Najib

Pic: Bernama

KUALA LUMPUR: The Barisan Nasional will remain an investor-friendly government, making Malaysia an attractive destination for foreign direct investments (FDI) from around the world, Prime Minister Datuk Seri Najib Tun Razak said today.

Read more: Investor-friendly BN Government To Continue Welcoming FDI - Najib

Wealthy Chinese Rise To 1.6 Million In Past Decade, Up Nearly Nine Times - Survey

Pic: ReutersThe number of high net worth individuals (HNWIs) in China has risen nearly 9 times since a decade ago, a private survey released on Tuesday showed, as strong growth in the world's second-largest economy has spurred wealth creation.

Read more: Wealthy Chinese Rise To 1.6 Million In Past Decade, Up Nearly Nine Times - Survey

Weak First Quarter For Sapura Energy; HLIB Issues 'Sell' Call

Pic: NST

KUALA LUMPUR: Sapura Energy Bhd’s first quarter (1QFY18) results are below Hong Leong Investment Bank Bhd (HLIB) and street estimates.

Read more: Weak First Quarter For Sapura Energy; HLIB Issues 'Sell' Call

India's Tata Group Teams Up With Lockheed Martin To Make Latest F-16s

F-16 fighter aircraft.

NEW DELHI -- India's Tata Group and American defence and aerospace company, Lockheed Martin, have signed an agreement to produce F-16 fighter aircraft in India, hoping to grab potential big Indian Air Force (IAF) contracts.

Read more: India's Tata Group Teams Up With Lockheed Martin To Make Latest F-16s

India, Afghanistan Launch Direct Air Cargo Links

NEW DELHI -- Afghanistan and India have launched direct air cargo services aimed at increasing their trade.

Read more: India, Afghanistan Launch Direct Air Cargo Links

‘Maritime Industry Needs Clearer Picture Of Cabotage Policy’

KUALA LUMPUR: There is a need to make clear the uncertainties surrounding implementation of exemption of the cabotage policy for Sabah, Sarawak and Labuan, the Malaysia Shipowners’ Association (MASA) said.

Read more: ‘Maritime Industry Needs Clearer Picture Of Cabotage Policy’

Raya International Denies Ties To Get-Rich-Quick Company; Forges Ahead With Rights Issue

Pic: NST

PETALING JAYA: Raya International Bhd said it has no connection to funds from get-rich-quick and fake online investment schemes run by a company previously linked to it.

Read more: Raya International Denies Ties To Get-Rich-Quick Company; Forges Ahead With Rights Issue

Cathay Pacific Sacks Hundreds Of Employees, Takes A HK$300 Mil Hit In Redundancy Payouts

FilepicCathay Pacific Airways will take a one-off hit of HK$300 million (RM164 million) in redundancy payments as it sacks hundreds of employees in a major restructuring and cost-cutting exercise to reverse losses.

Read more: Cathay Pacific Sacks Hundreds Of Employees, Takes A HK$300 Mil Hit In Redundancy Payouts

Tesla Close To Agreement On First Production Plant In China - Bloomberg

Pic: ReutersTesla Inc is close to an agreement to produce its electric cars in China for the first time and gain better access to the world's largest auto market, Bloomberg reported, citing people familiar with the matter.

Read more: Tesla Close To Agreement On First Production Plant In China - Bloomberg

Japan's Exports Rise Fastest In Over 2 Years

Pic: Reuters

TOKYO: Japan's exports surged last month by the fastest in more than two years on bigger shipments of cars and steel - an encouraging sign that robust overseas demand will support economic growth.

Read more: Japan's Exports Rise Fastest In Over 2 Years