Thu04272017

LAST_UPDATEThu, 27 Apr 2017 9am

OSK Holdings Outlines Top Level Personnel Changes

Pic: Business Times

KUALA LUMPUR: OSK Holdings Bhd has announced changes to its top management line-up, who will lead the company through its next phase of growth.

Read more: OSK Holdings Outlines Top Level Personnel Changes

IMF Says Trump Corporate Tax Cuts Could Lead To Financial Risk-Taking

WASHINGTON: The International Monetary Fund warned on Wednesday that US President Donald Trump's proposed tax cuts and roll-back of financial regulations could spark a new round of financial risk-taking of the type that preceded the last crisis in 2008.

Read more: IMF Says Trump Corporate Tax Cuts Could Lead To Financial Risk-Taking

Barkindo Says OPEC, Non-OPEC Committed To Restore Market Stability

Pic: ReutersOPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industry's five year average and restoring stability to the market.

Read more: Barkindo Says OPEC, Non-OPEC Committed To Restore Market Stability

New Petrol Price Mechanism Will Not Impact PetDag's Earnings

KUALA LUMPUR: The newly-implemented weekly petrol price mechanism will not impact Petronas Dagangan Bhd (PetDag) in terms of its earnings.

Read more: New Petrol Price Mechanism Will Not Impact PetDag's Earnings

Bill Gates Urges Theresa May Not To Cut UK Aid Funding After Brexit Vote

Britain must not let the Brexit vote be used as an excuse to slash aid funding and divert efforts away from helping the poorest communities in countries around the world, Bill Gates has warned, as the calling of a snap general election threw the UK into even greater political uncertainty.

Read more: Bill Gates Urges Theresa May Not To Cut UK Aid Funding After Brexit Vote

BNM Reappoints Azlan, Yeah To MPC

Dr Yeah Kim Leng.

KUALA LUMPUR -- Bank Negara Malaysia (BNM) has reappointed Datuk Seri Dr Noor Azlan Ghazali and Dr Yeah Kim Leng as external members of its Monetary Policy Committee (MPC) for a two-year term effective April 1, 2017.

Read more: BNM Reappoints Azlan, Yeah To MPC

M'sia's Inflation Rate Rose By 5.1 Per Cent In March

Pic: New Straits TimesKUALA LUMPUR: The Consumer Price Index (CPI) rose by 5.1 per cent in March compared to a year ago, due to higher retail fuel prices and base effects.

Read more: M'sia's Inflation Rate Rose By 5.1 Per Cent In March

Latest IMF Report, What Does It Say About Economic Growth In 2017

Pic: SCMP

In the last year, mention economic forecast and many economists tend to sigh or hedge around the answer as the global outlook had been unrelentingly gloomy.

Read more: Latest IMF Report, What Does It Say About Economic Growth In 2017

SoftBank May Invest $1.5 Billion In Paytm

SoftBank will buy some shares from Paytm investor SAIF Partners and One97 Communications founder Vijay Shekhar Sharma as part of the $1.5 billion fundraising deal. Photo: Pradeep Gaur/Mint

Fintech start-up Paytm, run by One97 Communications Ltd, is in talks with Japan’s SoftBank Group Corp. to raise $1.2-1.5 billion in cash in a deal that could raise Paytm’s valuation to $7-9 billion, according to three people familiar with the matter.

Read more: SoftBank May Invest $1.5 Billion In Paytm

BMW Expects China Sales Growth To Be Around 10 Percent This Year

Pic: ReutersBMW Group expects sales in China to grow around 10 percent this year while global sales are likely to climb 5 percent to 5.5 percent, BMW board member for sales and marketing Ian Robertson said at the Shanghai auto show on Wednesday.

Read more: BMW Expects China Sales Growth To Be Around 10 Percent This Year