Latest
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Banking
Morgan Stanley CEO's annual pay rises by over 20%
NEW YORK: Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million, or 22%, last year, according to a regulatory filing released on Friday.
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Corporate News
‘Unstoppable’ luxury stocks remind some investors of US tech
THE coronavirus pandemic is still raging throughout large parts of the world and China is facing a resurgence of the outbreak, yet investors keep pushing luxury-goods stocks higher, undeterred by near-record valuations.
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Telcos
Ambani’s Reliance doubles down on 5G pledge after record profit
The group’s wireless operator, Reliance Jio Infocomm Ltd. -- India’s largest -- has started advance tests to prepare the fifth-generation, high-speed network, it said in a statement Friday.
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Economy
PUNB offers payment deferment, rental discount
KUALA LUMPUR: Perbadanan Usahawan Nasional Bhd (PUNB) has offered a deferment in financing principal payment and discount of 50 per cent in rental of PUNB business premises to its entrepreneur partners, for six months from Jan 1,2021 until June 30,2021.
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Commodities
CPO futures may undergo technical correction next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to undergo technical correction next week with pessimistic exports outlook.
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Corporate News
Blackstone-backed Patria eyes expansion in Latam, Asia
SAO PAULO: Brazilian asset manager Patria Investments Ltd, whose shareholders include Blackstone Group Inc, plans to use the proceeds of its US$588 million initial public offering partly to expand in new emerging markets, executives said on Friday.
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Corporate News
Samsung considers US$10bil Texas chip-making plant
SAMSUNG Electronics Co is considering spending more than US$10bil building its most advanced logic chip-making plant in the US, a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co (TSMC).
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Corporate News
The hedge fund roller-coaster ride gets wilder
IT’S TIME to bury three myths about the hedge fund industry. First, that any investor can tell in advance which manager will produce superior returns
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Property
So what if Singapore firms snap up properties in KL
Quality investors with deep pockets and long-term view should be welcomed
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Economy
US trumped out in trade war
AS we now welcome the era of Bidenomics over the next four years, one cannot help but to review the impact of the previous US president’s tenure which ended just three days ago.
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Business
DNeX strengthens investment in upstream O&G
PETALING JAYA: Dagang NeXchange Bhd (DNeX) has entered into an agreement to buy an additional 60% of the issued share capital in Ping Petroleum Ltd (Ping) not already owned by DNeX for US$78mil (RM314.3mil)
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Property
SC Estate Builder to raise RM10.5mil
KUALA LUMPUR: ACE Market-listed SC Estate Builder Bhd has proposed to undertake a private placement of up to 20% of the total number of issued shares to third party investors at an issue price to be determined later.
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SMEBiz
Way forward with alternative funds
AS companies work to rebuild their business and restore their reserves, access to capital will be crucial.
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Economy
Not company earnings, not data but vaccines now steering investor sentiment
LONDON: Forget economic data releases and corporate trading statements -- vaccine rollout progress is what fund managers and analysts are watching to gauge which markets may recover quickest from the Covid-19 devastation and to guide their investment decisions.
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Commodities
Gold maintaining its shine
Gold started the year on a rather weak note, as buying momentum wanes.
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Economy
International reserves rise to US$107.8bil
KUALA LUMPUR: Bank Negara’s international reserves rose US$200mil to US$107.8bil over a two-week period to Jan 15,2021
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Business
Sharing lessons learned
THE unprecedented movement restrictions and economic disruption last year pulled the rug from under many companies’ feet. It forced them to operate and approach business differently.
