Tue08222017

LAST_UPDATETue, 22 Aug 2017 8am

Snap Co-Founders Will Not Sell Shares, CEO Says

Pic: ReutersSnap Inc Chief Executive Evan Spiegel said on Thursday neither he nor co-founder Bobby Murphy would sell shares of the Snapchat parent this year, but that failed to soothe investors after quarterly results fell short of analyst expectations.

Read more: Snap Co-Founders Will Not Sell Shares, CEO Says

Sim Kheng Boon Appointed CEO Of Development Bank Of Sarawak

Sim Kheng Boon.KUCHING – The Sarawak Chief Minister’s (CM) Office today announced the appointment of Sim Kheng Boon as the Chief Executive Officer (CEO) of the newly-formed Sarawak Development Bank Bhd (DBOS) effective Aug 1, 2017.

Read more: Sim Kheng Boon Appointed CEO Of Development Bank Of Sarawak

Astro Unit Issues RM300 Mln MTNs

KUALA LUMPUR -- Astro Malaysia Holdings Bhd's unit, Measat Broadcast Networks Sdn Bhd (MBNS), has issued the first series of medium term notes (MTNs) amounting to RM300 million in nominal value pursuant to the latter’s MTN Programme of up to RM3 billion.

Read more: Astro Unit Issues RM300 Mln MTNs

MAHB Records 7.1 Pct Passenger Growth In July 2017

KUALA LUMPUR -- Malaysia Airports Holdings Bhd’s (MAHB) network of airports, including Istanbul Sabiha Gokcen International Airport (Istanbul SGIA) recorded 11.4 million passengers in July 2017, a 7.1 per cent growth over the same month of 2016.

Read more: MAHB Records 7.1 Pct Passenger Growth In July 2017

MATRADE Aims To Garner RM350 Mln Sales At CAEXPO

KUALA LUMPUR -- The Malaysia External Trade Development Corporation (MATRADE) aims to garner RM350 million in sales at the 14th China ASEAN Expo (CAEXPO) 2017 from Sept 12 to 15, 2017. 

Read more: MATRADE Aims To Garner RM350 Mln Sales At CAEXPO

Petronas Banks On India’s Growth, Invests RM643 Mln Over 5 Years

KUALA LUMPUR -- Petronas Libricants International (PLI), a subsidiary of national oil company, Petroliam Nasional Bhd (Petronas), is investing US$150 million (RM643 million) over the next five years in India to strengthen its lubricants business.

Read more: Petronas Banks On India’s Growth, Invests RM643 Mln Over 5 Years

Buoyant Bitcoin Stirs Crypto-Bubble Fears

Pic: ReutersLONDON: Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined.

Read more: Buoyant Bitcoin Stirs Crypto-Bubble Fears

Toymaker Lego Appoints New Chief Executive

Pic: ReutersCOPENHAGEN: Lego has appointed Niels B. Christiansen to replace Bali Padda as chief executive, the Danish toymaker said on Thursday.

Read more: Toymaker Lego Appoints New Chief Executive

Sabah: Property Industry Will Not Be Affected By Security Issues

Pic: BernamaKOTA KINABALU: The Sabah state government has given an assurance that the property industry would not be affected by security issues, which are expected to remain a concern.

Read more: Sabah: Property Industry Will Not Be Affected By Security Issues

FDI Inflows Into ASEAN To Hit US$100 Bln, Says Mustapa

Pic: BernamaKUALA LUMPUR: Foreign direct investment (FDI) inflows into ASEAN have been steadily increasing this year, and are expected to reach over US$100 billion (US$1 = RM4.29) from the current US$96.7 billion, said International Trade and Industry Minister, Datuk Seri Mustapa Mohamed.

Read more: FDI Inflows Into ASEAN To Hit US$100 Bln, Says Mustapa