Wed07182018

LAST_UPDATEWed, 18 Jul 2018 9pm

High Debt Burden A Challenge For New Government - Moodys

KUALA LUMPUR: The new Pakatan Harapan (PH) government has inherited a strong economy, with growth averaging 5.5 per cent over the past eight years, but the country’s high debt burden remains a key credit challenge, said Moody’s Investors Service.

Read more: High Debt Burden A Challenge For New Government - Moodys

Ringgit Opens Easier Against US Dollar

KUALA LUMPUR: The ringgit opened easier against the US dollar and other major currencies.

Read more: Ringgit Opens Easier Against US Dollar

Bursa Malaysia Opens Sharply Lower On Knee-Jerk Reaction

KUALA LUMPUR: Bursa Malaysia opened sharply lower today on knee-jerk reaction following a surprise win by Pakatan Harapan (PH) in the 14th General Election (GE14).

Read more: Bursa Malaysia Opens Sharply Lower On Knee-Jerk Reaction

Malaysia's Markets Show No Post-Election Panic

Malaysia’s markets showed few signs of investor panic as trading reopened after Tun Dr Mahathir Mohamad swept to power in a surprise election outcome.

Read more: Malaysia's Markets Show No Post-Election Panic

HSBC Says Performs First Trade Finance Transaction Using Blockchain

Pic: Reuters

HONG KONG - HSBC Holdings Plc (HSBA.L) said on Monday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade.

Read more: HSBC Says Performs First Trade Finance Transaction Using Blockchain

Oil Cautious On Rise In U.S. Drilling, Iran Sanctions Opposition

SINGAPORE: Oil prices edged lower on Monday as a relentless rise in U.S. drilling activity points to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.

Read more: Oil Cautious On Rise In U.S. Drilling, Iran Sanctions Opposition

Asian Stocks Up As U.S.-China Trade Tensions Ease, Dollar Dips

Pic: Reuters

SYDNEY: Asian shares held near one-month highs on Monday on signs the United States and China were toning down their trade war rhetoric, while the dollar dipped again as investors wagered on a slower pace of U.S. interest rate hikes.

Read more: Asian Stocks Up As U.S.-China Trade Tensions Ease, Dollar Dips

Rafidah Expects Aviatian Industry To Soar Under Dr M's Administration

Tan Sri Rafidah Aziz.

KUALA LUMPUR – AirAsia X Chairman Tan Sri Rafidah Aziz is optimistic that the newly elected government led by Prime Minister Tun Dr Mahathir Mohamad will bring positive impact to the aviation industry.

Read more: Rafidah Expects Aviatian Industry To Soar Under Dr M's Administration

Proton Dealers Impressed By Lynk & Co Showroom Set-Up In China

Lynk & Co is a car brand under the Zhejiang Geely Holding Group, positioned somewhere along the line between the Geely brand and Volvo.

Read more: Proton Dealers Impressed By Lynk & Co Showroom Set-Up In China

Go Bremen Motors Sdn Bhd To Distribute Borgward Cars In Malaysia

GERMAN automotive brand Borgward Group AG has appointed Go Bremen Motors Sdn Bhd (Go Bremen) as its manufacturing and distribution partner for the Malaysian market and other markets in the surrounding region.

Read more: Go Bremen Motors Sdn Bhd To Distribute Borgward Cars In Malaysia