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6:47 PM

Market in pre-Chinese New Year mood

KUALA LUMPUR: Investor sentiment perked up towards the close on Tuesday, with funds leading the buying interest of blue chips including Axiata, IHH and plantation stocks and setting the stage for a late pre-Chinese New Year rally.

6:32 PM

Iris Corp appoints Choong as acting CEO

KUALA LUMPUR: Iris Corp Bhd’s board has appointed Choong Choo Hock, the current chief operations officer of the trusted identification division, as acting chief executive officer (CEO).

6:18 PM

BT shares fall on Italian scandal

LONDON: BT lost almost a fifth of its market value on Tuesday after an Italian accounting scandal compounded a slowdown in its British government business to force the firm to cut revenue, earnings and cash flow forecasts for the next two years.

6:09 PM

Only UK Parliament can give nod for Brexit

LONDON: The UK Supreme Court ruled on Tuesday that Prime Minister Theresa May must get parliament's approval before she begins Britain's formal exit from the European Union.

5:50 PM

Presumptuous to think only the US can drive TPPA - Rebecca

KUALA LUMPUR: It’s a bit presumptuous to think that only the United States (US) can be the driver of the Trans-Pacific Partnership Agreement (TPPA) and negate the efforts of the other 11 members, says Tan Sri Rebecca Sta Maria.

5:34 PM

US withdrawal from TPP affects palm oil export target, says Mah

KUALA LUMPUR: The US withdrawal from the Trans-Pacific Partnership Agreement (TPPA) has affected Malaysia’s target to export RM20bil worth of palm oil products to the 12 participating countries in the pact by 2021.

2:54 PM

Thai bank SCB to invest up to US$1.1b in tech infrastructure


BANGKOK: Siam Commercial Bank Pcl (SCB) will invest 30 billion baht to 40 billion baht (US$852 million-US$1.1 billion) in technology infrastructure over the next three years, the CEO of Thailand's third-largest lender said on Tuesday.

2:45 PM

Dubai airport 2016 traffic up 7.2%, still world's busiest int'l

DUBAI: Dubai International Airport remained the world's busiest for international passengers in 2016, as existing markets grew and new routes were launched, the airport's operator said. Annual traffic rose 7.2% to 83.6 million passengers in 2016 from a year ago, the operator said.

2:37 PM

Ford launches brand to sell auto parts to fix competitors' vehicles

DETROIT: Ford Motor Co, in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops to fix competitors' vehicles.

2:28 PM

Thai Dec exports rise 6.2%, ending three years of contraction

BANGKOK: Thailand's customs-cleared exports rose 6.2% in December, which ended a three-year streak in which shipments declined, an encouraging sign for the trade-reliant economy which has struggled to grow in the face of tepid demand abroad and at home.

2:20 PM

India demonetisation drive to favour big gold jewellery store chains

MUMBAI: India's drive to bring transparency to bullion trading, along with the rise of branded gold jewellery, could help major retailers raise their share of the world's second-biggest gold market to 40% by 2020, the World Gold Council said.

2:19 PM

Mustapa: TPPA is a balanced agreement beneficial to its members

KUALA LUMPUR: The Trans-Pacific Partnership Agreement (TPPA) is a balanced agreement beneficial to all of its members, according to International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

1:55 PM

Juice Works to open 3 more outlets

KUALA LUMPUR: Juice Works Sdn Bhd plans to open three more outlets offering a variety of fresh fruit juices and smoothies by the second half of 2017, bringing the total to 30 to cater to the growing demand.

1:46 PM

AirAsia X gets FAA clearance to fly to the US

KUALA LUMPUR: AirAsia X has received clearance from the Federal Aviation Authority (FAA) to fly to any destination in the the US, making its foray into an entirely new market as it looks beyond the Asia Pacific.

1:10 PM

Axiata underpins KLCI gains after recent upgrade

KUALA LUMPUR: Axiata, which was recently upgraded by BNP Paribas, extended its gains at midday on Tuesday and underpinned the FBM KLCI's gains.

12:22 PM

Fitch sees Asean making slow progess to integrate banks

KUALA LUMPUR: Fitch Ratings sees a full Asean regional financial integration as a “very distant goal” as bilateral deals have been slow to get off the ground.

10:33 AM

Tasco buying Pulau Indah land, expands warehouse biz for RM143mil

KUALA LUMPUR: Tasco Bhd is expanding its operations with the proposed purchase of land in Pulau Indah, Selangor and a stake in MILS Cold Chain Logistics Sdn Bhd (MCCL) for nearly RM143mil.

9:58 AM

KLCI climbs early Tuesday as Maxis, PetChem lead

KUALA LUMPUR: Blue chips advanced early Tuesday with Maxis and Petronas Chemicals taking the lead with analysts expecting a pre-Chinese New Year rally.

9:31 AM

MIDF positive on Eco World JV with EPF

KUALA LUMPUR: MIDF Research is “positive on the news” that Eco World Development Bhd and the Employees Provident Fund (EPF) and maintains its “buy” call on Eco World with a target price of RM1.68.

9:29 AM

CIMB Research keeps Digi as preferred Malaysian telco pick

KUALA LUPUR: CIMB Equities Research has DiGi as its preferred Malaysian telecommunications company as it is a key beneficiary as the market heads closer to network parity.

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