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SAN FRANCISCO: In a world where iPhone demand is on the wane, Apple Inc. has a Plan B. As customers wait longer between upgrades and the smartphone market saturates, Apple can fall back on charging higher prices for each handset and raking in more money from services such as streaming music, digital videos and data storage.
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has lowered the ratings outlook for WCT Holdings Bhd due to the slower-than-expected progress to reduce its elevated leverage position which is unlikely to be addressed meaningfully over the near term.
KAWAN FOOD BHD: CGS-CIMB has a positive view on Kawan Food’s new factory in Pulau Indah, Selangor, saying that “we view this positively as the market recognises Kawan Food’s management and its product quality”
OCBC Bank (M) Bhd has launched a unique marketing campaign featuring generational differences alongside the introduction of their latest Premier Banking initiative, Premier Life Goals. Premier Life Goals offers customers a multi-pronged approach to future planning featuring retirement, wealth transfer and child education.
EXSIM Development Group successfully established its first landmark RM3bil financial programme comprising RM2bil sukuk musharakah IMTN programme and a RM1bil sukuk murabahah Islamic commercial papers (ICP) programme through a special-purpose financial vehicle, Exsim Capital Resources Bhd.