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Lebanon, pushed to the brink, faces reckoning over graft
BEIRUT (Reuters) - Lebanon is closer to a financial crisis than at any time since at least the war-torn 1980s as allies, investors and this week nationwide protests pile pressure on the government to tackle a corrupt system and enact long-promised reforms.
Bandar Malaysia conundrum
STICKY issues surrounding a RM2bil bond issued by Bandar Malaysia Sdn Bhd when it was under the purview of 1Malaysia Development Bhd (1MDB) are said to be the main point of negotiations between the government and its prospective new controlling shareholders.
Digi posts RM356mil profit
KUALA LUMPUR: Digi.com Bhd posted a net profit of RM356.05mil in the third quarter ended Sept 30, 2019 (Q3), which was 9.3% less than in the previous corresponding quarter on the back of lower revenue.
Lebanon scraps WhatsApp fee amid violent protests
The government backed down from plans, announced hours earlier, to tax voice calls made through the Facebook-owned WhatsApp messaging software.
Protests sweep Lebanon as fury at ruling elite grows over economic corruption
BEIRUT (Reuters) - Security forces fired tear gas and chased down protesters in Beirut on Friday after tens of thousands of people across Lebanon marched to demand the demise of a political elite they accuse of looting the economy to the point of collapse.
Saudi Aramco to delay launch of IPO
LONDON: Saudi Aramco’s stop-start initial public offering was delayed again just days before a planned launch as doubts re-emerged about the $2 trillion valuation placed on the state oil giant by Crown Prince Mohammed bin Salman.
Digi records net profit of RM356.05mil in Q3
KUALA LUMPUR: Digi.Com Bhd posted a net profit of RM356.05mil in the third quarter ended Sept 30, 2019, which was 9.3% less than in the previous corresponding quarter on the back of lower revenue.
Protests in Lebanon after move to tax calls on messaging apps
People took to the streets across Lebanon to protest dire economic conditions after a government decision to tax calls made on messaging applications sparked widespread outrage.
China economic growth unexpectedly slows to 6% in 3Q
BEIJING: China’s economic growth slowed more than expected in the third quarter, with lacklustre domestic demand and the ongoing downturn in global trade weighing on output.
Affin Hwang Capital Research upgrades Press Metal to Buy, TP RM5.35
KUALA LUMPUR: Affin Hwang Capital Research has upgraded Press Metal from Hold to Buy with a target price of RM5.35, based on a higher 2020 price-to-earnings ratio (PER) target of 33 times.