Sun02252018

LAST_UPDATESun, 25 Feb 2018 9pm

CIMB Heightens Security Measures To Safeguard Customers' Transactions

KUALA LUMPUR -- CIMB Group Holdings Berhad (“CIMB”) on 13 November 2017 has announced that several magnetic tapes containing back-up data were physically lost in transit during routine operations. Some of these tapes contain customer information of CIMB Bank and its subsidiaries.

Read more: CIMB Heightens Security Measures To Safeguard Customers' Transactions

Tesla Hit By Class-Action Lawsuit Claiming Racial Discrimination

Pic: ReutersU.S. automaker Tesla Inc on Monday was hit with a class-action lawsuit claiming its California production plant is a “hotbed for racist behavior.”

Read more: Tesla Hit By Class-Action Lawsuit Claiming Racial Discrimination

FDI Flows To ASEAN Dip 20% In 2016

Filepic: Getty Images

Foreign direct investments (FDI) flows to ASEAN fell by 20 percent to $96.7 billion in 2016, the second consecutive year of decline, from $120 billion in 2015, with the Philippines posting the highest growth to become 4th largest FDI recipient among the 10-ASEAN countries, according to the ASEAN Investment Report 2017 .

Read more: FDI Flows To ASEAN Dip 20% In 2016

Asia Stocks Shaky Before China Data, Ponder Yield Curve

 

SYDNEY: Asian stocks wobbled on Tuesday as investors awaited developments in U.S. tax reform efforts, while contemplating if a marked flattening in the U.S. yield curve might ultimately be a harbinger of an economic slowdown there.

Read more: Asia Stocks Shaky Before China Data, Ponder Yield Curve

Dollar Underpinned By U.S. Yields, Sterling Steadies

TOKYO: The dollar got support from higher U.S. Treasury yields in early Asian trading on Tuesday, while sterling arrested a recent slide, which followed concerns about Theresa May’s ability to stay on as British prime minister.

Read more: Dollar Underpinned By U.S. Yields, Sterling Steadies

Shrinking GE Rattles Investors, Shares Hit Five-Year Low

Pic: Reuters

NEW YORK: General Electric Co's new Chief Executive John Flannery yesterday outlined steps that will turn the biggest US industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low.

Read more: Shrinking GE Rattles Investors, Shares Hit Five-Year Low

ASEAN-HK FTA To Attract More Investors To Malaysia

Pic: theSun

HONG KONG: The just-signed ASEAN-Hong Kong Free Trade Agreement (FTA) will enable Malaysia to attract more Hong Kong investors to its shores, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Read more: ASEAN-HK FTA To Attract More Investors To Malaysia

EU Markets Agency Warns New Crypto Coins Could Prove Worthless

Pic: Reuters

FRANKFURT: Europe’s top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses.

Read more: EU Markets Agency Warns New Crypto Coins Could Prove Worthless

GM's Electric Car Sales Will Meet Quotas By 2019, Says China Chief

Pic: Reuters

BEIJING: General Motors Co’s China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday.

Read more: GM's Electric Car Sales Will Meet Quotas By 2019, Says China Chief

AsiaBio Petroleum Signs MOU With Oil And Gas Sector Scaffolding Maker, PERI

PETALING JAYA: Asiabio Petroleum Sdn Bhd (ABP), a wholly owned subsidiary of ASIA BIOENERGY TECHNOLOGIES Berhad (ASIABIO) has entered into a tri-patite memorandum of understanding between PERI Formwork Malaysia Sdn Bhd (PERI) and AT Engineering Solution Sdn Bhd (ATES).

Read more: AsiaBio Petroleum Signs MOU With Oil And Gas Sector Scaffolding Maker, PERI