Record setting: If the Foxconn-Sharp deal is reached, it would be the biggest acquisition by a foreign company in Japan's insulated technology sector.
MarketWatch: US stock market investors will be watching currency markets next week for signs that the recent, related trends of a weakening dollar and a strengthening stock market will continue. After a historically bad start to the year, the Dow and S&P 500 both moved into positive territory this week, in part on expectations that a 3-week move down by the dollar could buoy corporate profits and share prices. - Reuters
Top foreign stories
US to offer China’s ZTE 'temporary relief' on export curbs: official: The US Department of Commerce is expected this week to lift export curbs it imposed on Chinese telecom equipment and smartphone maker ZTE Corp for alleged Iran sanctions violations. "The relief would be temporary in nature and would be maintained only if ZTE is abiding by its commitments to the US Government," a senior official at the agency said. - Reuters
Eurozone lenders, Greece make progress on tax, pension reforms: European lenders have made important progress in talks with Greece on tax and pension reforms that are part of a package of measures Athens must adopt to win new loans and debt relief, a European Commission spokesperson said on Sunday. - Reuters
Foxconn lowering offer for Japan's Sharp: Taiwan's Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of 489 billion yen (US$4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned about financialrisks of potential liabilities at Sharp and its business outlook, according to Yomiuri. - Reuters
Top local stories
Developers opt for strata route to sell buildings: The rout on oil prices, the Klang Valley’s oversupply of office space and the overall soft property market have compelled developers to change tactics when selling their buildings. It also similar in the rental market, where office building owners are lowering their rental to retain tenants or extending rent-free periods to potential tenants. - StarBiz
Petronas’ LNG project runs into further delay in Canada: A major liquefied natural gas export project in Canada ran into another delay when the federal environmental assessment agency was granted an extra three months to finish an impact study. Ottawa did though commit to announcing a final decision on the project this year, which would end a long-running saga for oil giant Petronas. - Reuters
Sabah-based KTC in expansion mode: Kim Teck Cheong Consolidated (KTC) has shown no signs of slowing down as a slew of expansion plans are being executed one after another.
The Sabah-based consumer packaged goods company recently entered into a few agreements for the acquisitions of distribu- tion centres.
Opportunity for BAT to unlock land value: British American Tobacco (M) Bhd
’s (BAT) shutting down of its facility in Malaysia will help pave the way for the cigarette maker to unlock the value of its land. The disposal marks a significant shift in strategy for the group’s operations in the country, analyst reports said. - StarBiz
Vitrox Corp allocates RM120mil to expand Penang ops: Vitrox Corp Bhd is allocating RM120mil to expand its operations in Penang this year and in 2017 to meet the rising global demand for its machine vision and vision inspection equipment. - StarBiz
How soon can CLIQ return the cash: No specific guidelines on when 90% of money raised from CLIQ Energy Bhd's initial public offering should be refunded shareholders, but the trust account matures on April 10. - Edge FD
UMWOG’s debt woes put pressure on its parent: UMW Oil & Gas Corp Bhd (UMWOG) is going through tough times and is saddled with mounting debts. How the company is going to repay its debts. Will it be knocking on the door of parent company UMW Holdings Bhd for help? And will this have a spillover effect on UMW Holdings? - Edge FD
TA Ann: Higher CPO earnings will offset lower timber income: Sarawak-based Ta Ann Holdings Bhd expects the current recovery in crude palm oil (CPO) prices to boost its planta- tion division’s earnings and offset any lower income from the timber division. - Edge FD
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