Sun06252017

LAST_UPDATEFri, 30 Jun 2017 8am

Maybank Islamic Is Asia Pacific Winner Of Banker's Islamic Bank Of The Year 2017 Award

Pic: NST

KUALA LUMPUR: Malaysia’s largest Islamic bank in terms of assets, Maybank Islamic Berhad, has emerged as the Asia-Pacific winner of the Banker’s Islamic Bank of the Year 2017.

Read more: Maybank Islamic Is Asia Pacific Winner Of Banker's Islamic Bank Of The Year 2017 Award

PLUS Expressway Added Value Lanes To Close Throughout Aidilfitri

KUALA LUMPUR -- PLUS Malaysia Berhad (PLUS) will close all the 134 added value lanes at its toll plazas from June 22 until July 2 to allow for smooth traffic flow during the Hari Raya Aidilfitri holiday.

Read more: PLUS Expressway Added Value Lanes To Close Throughout Aidilfitri

Climate Fund Criticized By Trump Has Slow, Complex Start

Pic: ReutersSEOUL/OSLO: The $10 billion Green Climate Fund that U.S. President Donald Trump said was a waste of tax dollars has fallen behind on its goals, with a biggest payout so far of just $5 million (3.9 million pounds) for a U.S.-led solar energy project.

Read more: Climate Fund Criticized By Trump Has Slow, Complex Start

Red Wing Shoes Opens First Store In Malaysia

KUALA LUMPUR -- Leading safety footwear manufacturer, Red Wing Shoe Company Inc., has expanded its footprint in Southeast Asia with the grand opening of an outlet in Avenue K Shopping Mall, the first in Malaysia.

Read more: Red Wing Shoes Opens First Store In Malaysia

Malaysia Committed To Increasing Investments In Indonesia

Datuk Seri Mustapa Mohamed.

KUALA LUMPUR - Malaysia is committed to increasing investments in Indonesia, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed.

Read more: Malaysia Committed To Increasing Investments In Indonesia

Alibaba Launches Tmall World To Connect 100 Million Chinese Worldwide

Jack Ma.

HANGZHOU -- Alibaba Group, China's largest e-commerce company, recently launched Tmall World, its latest globalisation strategy to connect 100 million overseas Chinese, worldwide.

Read more: Alibaba Launches Tmall World To Connect 100 Million Chinese Worldwide

Hyundai Motor Unveils New Small SUV As China Sales Skid

Pic: ReutersHyundai Motor on Tuesday unveiled its first subcompact sport utility vehicle (SUV) for advanced markets including the United States, Europe and South Korea, betting on the model to offset sliding sales in China.

Read more: Hyundai Motor Unveils New Small SUV As China Sales Skid

CIMB IB Research Projects Net Profit Growth Of 9.2% For Banks In 2017

KUALA LUMPUR: CIMB IB Research has maintained its “Overweight” rating on the banking sector and said banks’ net profit increased by a strong 14% yoy in 1Q17, underpinned by lower loan loss provisioning and wider topline expansion.

Read more: CIMB IB Research Projects Net Profit Growth Of 9.2% For Banks In 2017

Coinbase Exchange Has Outage Due To High Trading Volume

Pic: ReutersNEW YORK: Digital currency exchange Coinbase said on Monday it was experiencing an outage due to an increase in traffic and trading volume.

Read more: Coinbase Exchange Has Outage Due To High Trading Volume

Oil Edges Up On Saudi Pledge To Make Real Supply Cuts

Pic: Reuters

SINGAPORE: Oil prices edged up early on Tuesday, lifted by statements that OPEC-leader Saudi Arabia was making significant supply cuts to customers, although rising U.S. output meant that markets remain well supplied.

Read more: Oil Edges Up On Saudi Pledge To Make Real Supply Cuts