Fri01192018

LAST_UPDATEFri, 19 Jan 2018 10am

Australia And Japan Committed To Signing Asia Pacific Trade Pact By March, Turnbull Says

Pic: ReutersTOKYO: Australia and Japan are committed to signing an Asia Pacific trade deal by March with countries in the region ready to forge a pact to replace the derailed Trans Pacific Partnership (TPP), Australian Prime Minister Malcolm Turnbull said on Thursday.

Read more: Australia And Japan Committed To Signing Asia Pacific Trade Pact By March, Turnbull Says

MITI To Announce NAP Review In Mid-2018: Mustapa

Pic: NST (International Trade and Industry Minister Datuk Seri Mustapa Mohamed says the increase in the EEV penetration was attributed to the support and participation of government institutions, automotive original equipment manufacturers (OEMs) and vendors as well as the public.)

KUALA LUMPUR: A review of the National Automotive Policy (NAP) will be announced in mid-2018, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Read more: MITI To Announce NAP Review In Mid-2018: Mustapa

MARC Affirms AAIS Rating On TNB Western Energy RM4b Sukuk With Stable Outlook

Pic: NST (MARC says the rating and outlook are equalised with Tenaga Nasional Bhd’s (TNB) corporate credit rating of AAA/stable and taking into consideration the post-completion rolling guarantee provided by the parent company to fund shortfalls in the finance service account (FSA) for the tenure of the sukuk.)

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed AAAIS rating on TNB Western Energy Bhd’s sukuk of up to RM4 billion with a stable outlook.

Read more: MARC Affirms AAIS Rating On TNB Western Energy RM4b Sukuk With Stable Outlook

Govt Wants Labuan IBFC To Trigger Local Economy

Pic: BernamaLABUAN: The federal government strives to turn the Labuan International Business and Financial Centre (IBFC) into a business and financial hub that can help trigger more meaningful economic activities on the island, Datuk Seri Najib Tun Razak said.

Read more: Govt Wants Labuan IBFC To Trigger Local Economy

Apple To Pay $38bn On Foreign Cash Pile

Apple will pay about $38bn (£27.3bn) in tax on the roughly $250bn cash pile it holds outside the US following recent changes to American tax rules.

Read more: Apple To Pay $38bn On Foreign Cash Pile

Old Hands In South Korea Bitcoin Market Unfazed By Threats Of Ban

Pic: ReutersSEOUL/HONG KONG: Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.

Read more: Old Hands In South Korea Bitcoin Market Unfazed By Threats Of Ban

Commercial Banks Adhere To Responsible Financing Guidelines For Products, Services: ABM

KUALA LUMPUR – The Association of Banks in Malaysia (ABM) today said loans approved by its member banks are assessed stringently and in accordance to their internal approving guidelines and procedures. 

Read more: Commercial Banks Adhere To Responsible Financing Guidelines For Products, Services: ABM

MOF Inc Appoints New President/ Group CEO Of Prasarana

Masnizam Hisham.

PUTRAJAYA – The Minister of Finance Incorporated (MoF Inc) has announced the appointment of Masnizam Hisham as the new President/Group Chief Executive Officer (CEO) of Prasarana Malaysia Bhd (Prasarana).

Read more: MOF Inc Appoints New President/ Group CEO Of Prasarana

Sarawak And Oman Enhance Cooperation In Petrochemical Industry

Pic: NST (Sarawak Chief Minister Datuk Patinggi Abdul Rahman Zohari Abang Openg witnesses the signing of two Memorandum of Understanding (MOUs) to pave the way for collaborations in the oil and gas industries between Sarawak and Oman. Pic courtesy of the Chief Minister’s Office.)

MUSCAT: There is a great prospect for cooperation between Sarawak and Oman given the “bright future” in the global petrochemical sector.

Read more: Sarawak And Oman Enhance Cooperation In Petrochemical Industry

Khazanah Raises US$320.8 Mln From Issuance Of Exchangeable Sukuk

KUALA LUMPUR – Khazanah Nasional Bhd (Khazanah) has successfully priced the exchangeable sukuk of US$320.8 million (RM1.27 billion), which will be issued via a Labuan-incorporated independent special purpose vehicle, Cindai Capital Ltd.

Read more: Khazanah Raises US$320.8 Mln From Issuance Of Exchangeable Sukuk