Tue08222017

LAST_UPDATETue, 22 Aug 2017 8am

Bond Investors Give Tesla A $1.8 Billion Endorsement

NEW YORK - Bond investors on Friday gave a $1.8 billion boost to Tesla Inc's (TSLA.O) balance sheet by snapping up the electric car maker's first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns.

Read more: Bond Investors Give Tesla A $1.8 Billion Endorsement

Pentagon's Empty Posts Cause Uncertainty For Defense Contractors

U.S. President Donald Trump's failure to fill dozens of senior-level positions at the Pentagon is making it difficult for defense contractors to forecast business.

Read more: Pentagon's Empty Posts Cause Uncertainty For Defense Contractors

Pos Malaysia Unit To Buy 2 Carrier Vessels For US$32.9 Mln

KUALA LUMPUR – PNSL Bhd has entered into two memoranda of understanding to acquire a second-hand Kamsarmax bulk carrier vessel called Golden Trader 1, and a second-hand Post-Panamax bulk carrier vessel, Trans Nanjing, for a total value of US$32.9 million.

Read more: Pos Malaysia Unit To Buy 2 Carrier Vessels For US$32.9 Mln

Alibaba Group Unveils Enhancements To IP Platform

KUALA LUMPUR – Alibaba Group has unveiled enhancements to its Intellectual Property Protection (IPP) Platform during the Brand Rights Holders Day held in Beijing yesterday.

Read more: Alibaba Group Unveils Enhancements To IP Platform

MAHB's New Billing Portal To Facilitate PSC Payment

SEPANG -- The newly-developed Online Billing Portal is one of the methods to strategically ensure that all airline operators will not have problems to service their passenger service charges (PSC), said Malaysia Airports Holdings Bhd Managing Director, Datuk Badlisham Ghazali.

Read more: MAHB's New Billing Portal To Facilitate PSC Payment

Serba Dinamik's Net Profit Jumps 500pc

KUALA LUMPUR: Integrated engineering services provider Serba Dinamik Holdings Bhd posted a 500 per cent jump in its second quarter net profit ended June 30, 2017, from RM13.67 million to RM83.6 million in the same preceding quarter last year.

Read more: Serba Dinamik's Net Profit Jumps 500pc

Digital Economy's Potential Growth, Abuse Soar : Jailani

Pic: BernamaKUALA LUMPUR: The digital economy’s potentials – potential growth and abuses – have increased dramatically, said Communications and Multimedia Deputy Minister Datuk Jailani Johari.

Read more: Digital Economy's Potential Growth, Abuse Soar : Jailani

Many Have Underestimated Petronas Chemicals: Maybank IB

KUALA LUMPUR: Petronas Chemicals Bhd’s (PCB) higher net profit of 45 per cent year-on-year was within expectation but way above consensus, says Maybank Investment Bank (Maybank IB).

Read more: Many Have Underestimated Petronas Chemicals: Maybank IB

1MDB Pays Abu Dhabi Fund S$477 Million Ahead Of Aug 12 Deadline

Pic: ReutersKUALA LUMPUR: Malaysia's state fund 1Malaysia Development Bhd (1MDB) has wired US$350 million (S$477 million) to Abu Dhabi's International Petroleum Investment Co (IPIC), the first tranche of a debt repayment scheme, banking sources said.

Read more: 1MDB Pays Abu Dhabi Fund S$477 Million Ahead Of Aug 12 Deadline

Bursa Malaysia Lower On Geopolitical Tensions, CI Opens Lower

KUALA LUMPUR: The weak market sentiment, largely due to the geopolitical tensions between the US and North Korea, continued to affect investors' risk appetite on Bursa Malaysia, influencing the key index and other counters to open broadly lower this morning, dealers said.

Read more: Bursa Malaysia Lower On Geopolitical Tensions, CI Opens Lower