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Morgan Stanley sees Asia gains shielding it from China reversal
HONG KONG: Morgan Stanley’s mergers advisory business in Asia outside Japan pulled in record fees last year and the firm gained market share in equities, helping partially shield it from an investment-banking contraction that prompted competitors like Goldman Sachs Group Inc to cut jobs.
Tabung Haji records RM1.06b income from O&G investments since 2001
KUALA LUMPUR: Lembaga Tabung Haji recorded a cumulative RM1.06bil income from all its investments in the oil and gas (O&G) sector since 2001 while short or medium term marked-to-market unrealised losses will not change its investment focus.
Heineken says deals an option as it eyes growth in Vietnam
SINGAPORE: Heineken NV said it will consider deals to expand its presence in Vietnam - a young, beer-loving economy that is already its second-most profitable market globally - as the south-East Asian country loosens its grip on state-run brewers.
Proton to announce strategic partner earliest by April: CEO
SHAH ALAM: Proton Holdings Bhd aims to announce its foreign strategic partner in April, or the latest by end-June, its chief executive officer Datuk Ahmad Fuaad Kenali said.
SK Hynix tips strong 2017 as chipmakers ride demand surge
SEOUL: South Korea's SK Hynix Inc on Thursday reported its best quarterly profit in nearly two years and guided for a strong 2017, joining other chipmakers in an earnings bonanza as smartphones and data servers demand ever more processing power.
Kelington unit secures RM40m Pasir Gudang project
KUALA LUMPUR: Kelington Group Bhd has secured a RM40mil contract to provide turnkey construction and engineering services to one of the world's major suppliers of speciality emulsion polymers.
Mah says Malaysia plans regional palm oil office in Tehran
KUALA LUMPUR: Malaysia is set to open a regional palm oil office in Tehran, Iran to push the commodity's growth in the Middle East, following the breakdown of the Trans Pacific Partnership (TPP) Agreement.
Oil prices rise on weakening dollar, but plentiful supplies cap gains
SINGAPORE: Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market.
CIMB Research upgrades MPI to Buy, higher target price
KUALA LUMPUR: CIMB Equities Research has upgraded Malaysian Pacific Industries (MPI) the stock from Hold to Add with a higher RM9.70 target price due to the higher earnings growth, driven by a recovery in smartphone demand.
