Wed06202018

LAST_UPDATEWed, 20 Jun 2018 12pm

Recovery In O&G Sector Fuels Pantech Group's Earnings

KUALA LUMPUR: Pantech Group Holdings Bhd is buoyed by an upturn in the oil and gas (O&G) sector that will potentially expedite its revenue stream.

Read more: Recovery In O&G Sector Fuels Pantech Group's Earnings

Turbulence Ahead For Local Airlines?

KUALA LUMPUR: Local airlines are expected to fly through turbulence in the second and third quarters of the year as their profit margins will be squeezed with the recovery in oil prices, analysts said.

Read more: Turbulence Ahead For Local Airlines?

MAHB Passenger Traffic Falls 2.3 Per Cent In May

KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) network of airports (including Istanbul SGIA) recorded 10.4 million passengers in May 2018, a decline of 2.3 per cent growth over the same month of last year.

Read more: MAHB Passenger Traffic Falls 2.3 Per Cent In May

Malaysia Airlines Sees Challenging Second Half

KUALA LUMPUR -- Malaysia Airlines Bhd (MAB) expects the second half of this year to be a more challenging period for the airline due to increasing global oil prices.

Read more: Malaysia Airlines Sees Challenging Second Half

'Fair Trade, Fool Trade', Trump Vents Anger On NATO Allies, EU, Trudeau Post-G7

Pic: ReutersSINGAPORE: U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend.

Read more: 'Fair Trade, Fool Trade', Trump Vents Anger On NATO Allies, EU, Trudeau Post-G7

China's Xiaomi Posts $1 Billion First Quarter Loss Ahead Of Blockbuster IPO

Pic: ReutersHONG KONG: Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing.

Read more: China's Xiaomi Posts $1 Billion First Quarter Loss Ahead Of Blockbuster IPO

Bursa In Positive Reversal At Mid-day

Pic: ReutersKUALA LUMPUR: Bursa Malaysia turned higher at mid-day in line with regional peers and ahead of the US-North Korea Summit in Singapore tomorrow.

Read more: Bursa In Positive Reversal At Mid-day

South Korean Exchange Coinrail Says Hit By Hackers, Bitcoin Slides

Pic: ReutersSEOUL: South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, prompting an extended sell-off of bitcoin to a 2-month low amid growing concerns about security at small- to mid-sized virtual currency exchanges.

Read more: South Korean Exchange Coinrail Says Hit By Hackers, Bitcoin Slides

Tourism Tax Should Be Abolished - MAH

Cheah Swee Hee.KUALA LUMPUR -- The Malaysian Association of Hotels today reiterated their call for the tourism tax to be abolished as it is counter productive to the tourism industry.

Read more: Tourism Tax Should Be Abolished - MAH

Ringgit Retreats Against US Dollar In Early Trade

KUALA LUMPUR: The ringgit opened lower against the US dollar in the early session today on the back of anticipation that this week might turn out to be the busiest for the market, due to meetings of global central banks, as well as the critical historical summit between President Donald Trump and North Korea’s leader Kim Jong Un.

Read more: Ringgit Retreats Against US Dollar In Early Trade