Wed06202018

LAST_UPDATEWed, 20 Jun 2018 12pm

Comcast Offers $65 Billion To Lure Fox From Disney Bid

Comcast Corp (CMCSA.O) offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc (FOXA.O) away from a merger with Walt Disney Co (DIS.N), setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer.

Read more: Comcast Offers $65 Billion To Lure Fox From Disney Bid

June 13: Ringgit Slumps To Lowest Level In 5 Months Against US Dollar

KUALA LUMPUR: The ringgit declined to its lowest level since Jan 22, 2018 at today's close.

Read more: June 13: Ringgit Slumps To Lowest Level In 5 Months Against US Dollar

UK Will Assist Malaysia In Recovering Its Assets, Rebuild Finances: Treadell

KUALA LUMPUR: The United Kingdom (UK) has expressed its willingness to assist Malaysia to recover its illegal assets in the country, said High Commissioner to Malaysia Vicki Treadell.

Read more: UK Will Assist Malaysia In Recovering Its Assets, Rebuild Finances: Treadell

Better Environment Laws Triggers More Demand For Picorp's Pollution Monitoring Equipment

Shah Alam: Progressive Impact Corp Bhd (Picorp) sees better demand for its products this year as plants and factories nationwide rush to comply with Department of Environment's stricter air pollution regulation by July 2019.

Read more: Better Environment Laws Triggers More Demand For Picorp's Pollution Monitoring Equipment

Moody's Maintains Malaysia's Debt At 50.8 Pct Of GDP

KUALA LUMPUR -- Moody's Investors Service on Wednesday maintained Malaysia's direct government debt at 50.8 percent of gross domestic product (GDP) in 2017, although the new government has introduced some policy uncertainty.

Read more: Moody's Maintains Malaysia's Debt At 50.8 Pct Of GDP

China's Telco Giant ZTE Sees Shares Collapse 39%

Shares in Chinese technology company ZTE plummeted 39% in Hong Kong as trading in the firm resumed after a two-month suspension.

Read more: China's Telco Giant ZTE Sees Shares Collapse 39%

Dixons Carphone Admits Huge Data Breach

Dixons Carphone has admitted a huge data breach involving 5.9 million payment cards and 1.2 million personal data records.

Read more: Dixons Carphone Admits Huge Data Breach

Higher Natural Gas Tariff By July 1

KUALA LUMPUR: Gas Malaysia Bhd will revise upwards the natural gas tariff for the non-power sector in Peninsular Malaysia for the period from July 1, 2018 to Dec 31, 2018.

Read more: Higher Natural Gas Tariff By July 1

Malaysian Govt's Fiscal Policies Pivotal To Credit Quality, Says Moody's

KUALA LUMPUR: Fiscal measures are a particular area of focus for Malaysia given that the country’s high debt burden acts as a credit constraint, said Moody’s Investors Service.

Read more: Malaysian Govt's Fiscal Policies Pivotal To Credit Quality, Says Moody's

Neutral Impact On Industry Players If ECRL Cancelled - Analysts

KUALA LUMPUR – Neutral impact is expected on ports and last-mile delivery players if the East Coast Rail Line (ECRL) is cancelled or delayed, according to analysts.

Read more: Neutral Impact On Industry Players If ECRL Cancelled - Analysts