LIGHTBULB MOMENT: Van Houten showing an LED bulb which can be controlled directly from an iOS or Android device, during the presentation of the 2012 full-year results in Amsterdam. — Reuters
Energy
Brent crude was 1.48% higher to US$48.54 per barrel at 3.21pm.
Forex
Ringgit up 0.01% to 4.0305 versus the US dollar at 3.47pm.
Top foreign stories
Thailand Q1 GDP surprisingly resilient: Thailand’s economy outpaced expectations in the first quarter, expanding 0.9% in January-March from 0.8% in the final quarter of 2015 on a seasonally-adjusted basis. It was the fastest annual growth rate in three years. A Reuters poll had expected a 0.6% rise. — Reuters
Boeing’s 787 Dreamliner faces new challenge: slow sales: Boeing Co’s high-tech 787 Dreamliner has had its share of trouble, from early production delays to batteries that smoked and burned, grounding the worldwide fleet for months in 2013. Now the company’s flagship plane is facing a new challenge: slowing sales. Boeing needs to sell dozens of 787s to help recover nearly US$30 billion it has spent on production and not yet accounted for in its earnings. — Reuters
Eight Asian budget carriers form alliance to open up networks: Eight Asian low-cost carriers including subsidiaries of ANA Holdings Inc and Singapore Airlines Ltd (SIA) have formed an alliance, called Value Alliance, that will open their networks to their respective passengers. — Reuters
Chinese ride-hailing giant Didi plans US IPO in 2018: Ride-hailing service Didi Chuxing, Uber Technologies Inc’s main rival in China, is working towards an initial public offering in the United States that would likely take place in 2018, a source said on Monday. — Reuters
Philips eyes almost billion euro IPO windfall: Dutch electronics giant Philips announced on Monday it would float 25% of its shares in a highly anticipated IPO set for May 27 which could raise almost one billion euros. — AFP
Top local stories
FGV to focus less on M&As going forward: Felda Global Ventures Holdings Bhd (FGV) is not looking for new merger and acquisition opportunities till year-end as it seeks to focus on existing core assets as part of its new business transition plan, chief executive officer Datuk Zakaria Arshad said. It also expects crude palm oil production to fall about 17% this year due to El Nino. — StarBiz
LKL makes strong debut on Ace Market: Healthcare-related firm LKL International Bhd
made a strong debut on the Ace Market of Bursa Malaysia, opening at 35 sen, or 15 sen above its public offering price. — StarBiz
Cahya Mata Q1 income down 75% to RM11.77m: Cahya Mata Sarawak Bhd’s total comprehensive income attributable to the owners fell 75.2% to RM11.77mil from RM47.46mil a year ago due to losses from associates. The company said on Monday profit attributable to the owners of the company fell to just RM1.05mil in the first quarter from RM57.42mil a year earlier. — StarBiz
Acer unveils Switch Alpha 12 series laptop: Acer on Monday unveiled the Switch Alpha 12 series, the industry’s first liquid-cooled (fanless) 2-in-1 ultra slim and convertible laptop in Malaysia. The laptop, from RM2,499, will be available via Acer online and at outlets from next week. — Bernama
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