Business

Clash of two tycoons

TWO notable tycoons in Malaysia – T. Ananda Krishnan and Tan Sri Vincent Tan – keep bumping into each other, not literally, but in the businesses they venture into.

Mukhnizam: We will bite the bullet when it comes to that business (offshore vessels).

Scomi to build shareholder value

WHEN the price of crude oil first made its run past the US$100-per-barrel mark in the 2000s, there was one stock in the middle of the last decade that embodied the fervent exuberance surrounding the sector.

Chip boost: Traders working on the floor of the New York Stock Exchange on Thursday. Global economic recovery would drive semiconductor sales for this year, according to World Semiconductor Trade Statistics. — Reuters

Still bullish in the second half

IN the beginning of the year, it was a good time to buy, what with the FBM KLCI having underperformed for three years and outflows at a record high.

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The king is dead, long live the king!

Speakeasy - By S. Jayasankaran
I WAS in my third year in university and having tea with a group of friends one Saturday morning when Malick Natarajan, an economics senior, came up and informed us breathlessly that Elvis had died.

19 August 2017 | 12:00AM |

jaya

Genting HK H1 losses widen to US$203.2m

HONG KONG: Genting Hong Kong has reported a net loss of US$203.2mil for the six months ended June 30, compared to a loss of US$54.6mil in the first half a year ago, as operating expenses increased.

18 August 2017 | 12:12PM |

Corporate News

Short Position

CRYPTOCURRENCIES and initial coin offerings are giving regulators the world over sleepless nights.

19 August 2017 | 12:00AM |

short

Shares soar: A file picture showing copper rods at a factory in Vietnam. Ta Win has seen its shares soar 279 year to date. — Reuters

What’s up at Ta Win?

SHARES of low-profile Ta Win Holdings Bhd hit their highest in at least 10 years recently with the market hardly batting an eyelid.

19 August 2017 | 12:00AM |

tawin

Energas enables Petronas to tap sanctioned nations

KUALA LUMPUR: The setting up of Energas Insurance (L) Ltd, the sole captive insurer of Petroliam Nasional Bhd (Petronas), has enabled the national oil and gas giant to tap the sanctioned countries such as Sudan, Cuba and Myanmar (where the sanctions are suspended, not lifted).

18 August 2017 | 1:19AM |

Petroliam Nasional Bhd

After a late morning boost on Trump's firing of controversial White House strategist Steve Bannon, the dollar and U.S. equities lost their lustre as investors were left wary after a week in which Trump alienated potential allies.  Investors also questioned how much Trump's ouster of Bannon - a conservative media entrepreneur and activist who was a darling of Trump's base - would pave the way for policies such as tax reform

Week of US political drama hurts stocks, dollar

NEW YORK: Wall Street indexes and the U.S. dollar ended a volatile session lower after a week of drama in Washington intensified doubts about President Donald Trump's ability to deliver on pro-growth policy promises such as tax reform.

19 August 2017 | 6:51AM |

Stocks

China lays down rules for outbound investment

BEIJING: China laid down explicit rules restricting overseas investments, stepping up its campaign against what it described to be “irrational” acquisitions of assets in industries ranging from real estate to hotels and entertainment.

19 August 2017 | 12:00AM |

Foreign News

Weak consumer sentiment despite improved economy

The alternative view - By M. Shanmugam
THE Malaysian economy grew 5.8% in the second quarter, which is the fastest since the period between January and March 2015. For the whole year, the economy is expected to surpass 5% in growth, much better than what had been predicted early this year.

19 August 2017 | 12:00AM |

trust deficit

No one is paid to front run the apocalypse

Comment - By JAMES SAFT
THAT fund managers are rewarded for hugging the benchmarks they track is a big reason behind the otherwise puzzlingly mild reaction of financial markets to rising tensions and threats between nuclear powers the United States and North Korea.

19 August 2017 | 12:00AM |

saft

Long hot summer of the Arab Spring

Think Asian - By Andrew Sheng
WHAT has happened in Charlottesville showed that temperatures and tempers are flaring in this long hot summer. Is the Arab Spring spreading worldwide due to climate warming?

19 August 2017 | 12:00AM |

sheng

The king is dead, long live the king!

Speakeasy - By S. Jayasankaran
I WAS in my third year in university and having tea with a group of friends one Saturday morning when Malick Natarajan, an economics senior, came up and informed us breathlessly that Elvis had died.

19 August 2017 | 12:00AM |

jaya

Shades of grey, the new old and the Owls

What are we to do? - By Lin See-Yan
LONGEVITY is mankind’s great accomplishment. In my view, the key to unlocking this longevity dividend (and add to productivity growth) is to turn the 60+ into more active participants of the national labour force.

19 August 2017 | 12:00AM |

lin see yan

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