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New tie-up to boost AirAsia cargo business

KUALA LUMPUR: Low cost carrier AirAsia Group Bhd targets to maximise its underutilised asset cargo and logistics business, Teleport, by increasing the usage of the available space for cargo and logistics following its partnership with Gobi Partners and EasyParcel.

Partners: (from second left) Gobi Partners managing director for Malaysia Jamaludin Bujang, Fernandes, EasyParcel founder and CEO Clarence Leong and Chareonwongsak at the press briefing.

REITs sector likely to have bumpy ride

PETALING JAYA: The road ahead for the Malaysian real estate investment trust (REIT) sector is expected to be a bumpy one, according to AmInvestment Bank Research.

Uneasy ECB may consider bank-bond buying

LONDON: Europe’s bond investors are starting to ask whether the European Central Bank (ECB) will pair a potential rate cut with unprecedented purchases of senior bank debt.

RM8.8bil investments for Penang manufacturing sector in Q1

GEORGE TOWN: Penang recorded RM8.8bil in total approved investments in the manufacturing sector in the first quarter of 2019 (1Q19), maintaining the state’s reputation as one of top investment destinations in the country.

BI seen starting easing cycle with rate cut tomorrow

JAKARTA: Indonesia’s central bank is likely to begin an easing cycle with a rate cut, ahead of an anticipated Federal Reserve reduction of US rates at the end of July, the majority of analysts in a Reuters poll said.

Saudi wealth fund buys stake in Aramco-Jacobs JV

Riyadh: Saudi Arabia’s sovereign wealth fund has acquired a 40% stake in a joint venture between state energy producer Aramco and Jacobs Engineering Group Inc, according to sources.

Manager spots buy opportunity in India

Mumbai: Unfazed by a stock market sell-off that wiped US$34bil from India’s benchmark equity index and unabating jitters in the nation’s credit market, Aberdeen Standard Investments Ltd is looking to adding to its India equity holdings.