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KUALA LUMPUR: Complete Logistic Services Bhd (CLSB) has agreed to sell its forwarding, haulage and warehousing businesses to a Singapore-based shipping company for RM85.6mil.
KUALA LUMPUR: AmInvestment Bank Research has cut Westports Holdings Bhd net profit forecasts by 8% and 5% for financial year 2018 and 2019 respectively and reduced its fair value by 2% to RM3.74 from RM3.82, but maintained its “hold” call.
KUALA LUMPUR: AmInvestment Bank Research cut its FY18-19F net profit forecasts by 8% and 5% respectively and reduced its fair value by 2% to RM3.74 from RM3.82 but maintained its Hold call.
PETALING JAYA: Transport Minister Anthony Loke will visit Beijing next month to help increase air links between Malaysia and China.
PETALING JAYA: Transport Minister Anthony Loke will pay a courtesy call to Cosco Shipping Line in China next month, in a bid to invite the shipping line to make Malaysia its transshipment hub in South-East Asia.
SHANGHAI: Telecom, tech, auto companies and shipping firms are among the biggest gainers in China and Hong Kong after the trade truce between Washington and Beijing.
HONG KONG: Hong Kong shares ended firmer on Tuesday, tracking regional markets cautiously, as investors hope a deal between the United States and Mexico to overhaul the North American Free Trade Agreement could boost the global trade outlook.
SHANGHAI: MSCI, the U.S. index publisher, said on Tuesday it will include 234 Chinese large cap stocks in its global and regional indexes on June 1, setting the stage for capital markets in the world's second-biggest economy to get a boost from a potential surge of foreign money.
Karachi, Pakistan (Reuters) - A Chinese man working with a shipping company in Pakistan was shot dead on Monday in what police described as a targeted attack in Karachi, police and hospital officials said.
BEIJING (Reuters) - China on Friday outlined its ambitions to extend President Xi Jinping's signature Belt and Road Initiative to the Arctic by developing shipping lanes opened up by global warming.