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Penang records RM3.8b investments between Jan-Sept 2018


GEORGE TOWN: Penang recorded investments of RM3.83 billion in the first nine months of 2018, comprising RM2.16 billion in foreign direct investment (FDI) and domestic investment of RM1.67 billion.

Most Asian currencies falter on bleak Chinese trade data

BENGALURU: Most Asian currencies lost ground on Monday as unexpectedly weak monthly trade data from China inflamed concerns of a deteriorating global growth outlook in the face of a potentially sharper slowdown in the world's second largest-economy.

Asean markets fall on weak China Dec trade data, Indonesia leads losses

BENGALURU: Southeast Asian stock markets fell on Monday in line with broader Asian peers, with Indonesia taking the biggest hit as China's lower-than-expected export and import data for December stifled last week's optimism ensuing from Beijing and Washington progressing on trade talks.

Hong Kong's L'Occitane says to buy skincare brand ELEMIS for US$900m

HONG KONG: Beauty products maker and retailer L'Occitane International S.A. <0973.HK> said it will buy beauty and skincare brand ELEMIS for a maximum of $900 million as the Hong Kong-listed firm aims to build a portfolio of premium cosmetics brands.

"This is L'Occitane's largest acquisition since listing and a major step forward in building a group of premium beauty brands," L'Occitane's chairman Reinold Geiger said in a statement late on Sunday.

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