1MDB gets purchase proposals for its land lots in Penang, Pulau Indah
KUALA LUMPUR - This comes following efforts by the strategic development fund to monetise its various land parcels through joint ventures or outright sales as part of a strategic review to pare down...
View ArticleSIA, CAG and STB invest $20 million to improve tourism
SINGAPORE - Singapore Airlines (SIA), Changi Airport Group (CAG) and Singapore Tourism Board (STB) will invest $20 million to promote tourism in Singapore.In a joint press statement, SIA, CAG and STB...
View ArticleNajib: Medical tourism expected to rake in $357m this year
PUTRAJAYA - Malaysia's medical tourism industry continues to rake in more income for the country, with RM 1 billion (S$357 million) expected to come from healthcare travellers this year.Prime Minister...
View ArticleEurozone in panic as Athens teeters on brink of default
Greece was teetering on the brink of a default that could see it crash out of the euro hours before a key debt deadline was due to expire on Tuesday, as the country's prime minister warned Athens's...
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1MDB has erased a third of its debts, says minister
TROUBLED state investor 1Malaysia Development Berhad (1MDB) has erased over a third of its debts, and would be able to pay up all its loans by the beginning of next year, Second Finance Minister Ahmad...
View ArticleInvestors look for govt money as Beijing bids to calms markets
China's efforts to stave off a crash in the world's most volatile stock market showed signs of gaining traction on Tuesday, with indexes rallying sharply on signs of intensifying government...
View ArticleIndia's IndiGo to file prospectus for $539.37 million listing
India's biggest airline, IndiGo, is likely to file the prospectus for a stock market listing that will raise around $400 million (S$539.37 million) later on Tuesday, two banking sources with knowledge...
View ArticleIndia's IndiGo to file prospectus for $539.37 million listing
India's biggest airline, IndiGo, is likely to file the prospectus for a stock market listing that will raise around $400 million (S$539.37 million) later on Tuesday, two banking sources with knowledge...
View ArticleOil prices drop after Greece defaults on IMF payment
Oil prices fell in early trading on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund.Greece, as expected, was not able to repay 1.6...
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British shoe seller tries to crowdfund Greek bailout
A British shoe shop worker launched an online crowdfunding campaign to raise the money for Greece to meet its now expired IMF debt repayment, saying he just wanted to help austerity-stricken...
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Greece seeks new EU loans after IMF debt default
BRUSSELS - Greece lurched deeper into crisis Wednesday as European finance ministers prepared to consider a request for new loans in a last-ditch effort to keep the country in the eurozone after it...
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Malaysia's outlook now 'stable' says Fitch, surprising analysts
Credit ratings agency Fitch surprised analysts by upgrading Malaysia's sovereign outlook to "stable" from "negative", boosting the country's currency on Wednesday and providing welcome relief to the...
View ArticleIndonesia inflation rate increases
Indonesia's annual inflation rate accelerated to 7.26 percent in June, the fastest pace since December, due to higher food and tobacco prices, the statistics bureau said on Wednesday.A Reuters poll of...
View ArticleFrance to seek deal with Greece before referendum
France will still try to reach a goal with Greece before a referendum on Sunday, French Finance Minister Michel Sapin said on Wednesday, hours before euro zone finance ministers hold their second...
View ArticleMalaysia's Agrobank becomes fully Islamic
Malaysia's Agrobank, an unlisted unit owned by the Finance Ministry, on Tuesday began operations as a full-fledged Islamic bank, continuing the country's efforts to boost asset ownership for its...
View ArticleUS Toyota exec in Japan resigns over drug arrest
TOKYO - Japan's Toyota Motor said Wednesday that American Julie Hamp, its most senior female executive, has resigned after being arrested for suspected drug law violations."Toyota Motor Corp (TMC)...
View ArticleDeloitte Global appoints new board chairman
SINGAPORE - Deloitte Global has appointed former Deloitte UK chairman David Cruickshank as its new chairman of the board.He succeeds Steve Almond, who retired after serving as chairman for the past...
View ArticleMalaysia's CIMB books $159m charge from voluntary redundancy scheme
KUALA LUMPUR - CIMB Group Holdings Bhd , Malaysia's second-largest lender by assets, said on Wednesday it will book 443.3 million ringgit (S$159 million) in costs from a voluntary redundancy program in...
View Article97-year-old stock guru invests to ward off Alzheimer's
Shi Kunsen, who is almost a hundred years old, is known as the "master of the stocks" in Hangzhou, Zhejiang province because of his accurate analysis and eighteen years' experience trading stocks,...
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