7-day Archive: 

Business

Myanmar signs pact to set up bourse with Japanese help

TOKYO, May 29 – Myanmar signed a pact today to set up a securities exchange with the help of Daiwa Securities Group and the Tokyo Stock Exchange in a bid to attract foreign investment to the resource-rich country opening after decades of isolation.

The agreement will help Myanmar form capital markets crucial for tapping investment amid ... Read More
A woman uses a Bankia bank automated teller machine in Madrid, May 29, 2012. – Reuters pic
A woman uses a Bankia bank automated teller machine in Madrid, May 29, 2012. – Reuters pic

Woodford agrees settlement with ex-employer Olympus

LONDON, May 29 – Michael Woodford, the ousted Olympus chief executive, has reached an out-of-court settlement with his former Japanese employer for unfair dismissal on grounds of whistleblowing and ... Read More

DRB-Hicom’s pre-tax profit soars to RM1.52b in FY12

KUALA LUMPUR, May 29 – DRB-Hicom Bhd’s pre-tax profit for the financial year ended March 31, 2012 rose to RM1.52 billion from RM701.52 million previously.Revenue for the year reviewed increased marginally ... Read More

Japan insider probe reaches JP Morgan

TOKYO, May 29 – Japan’s widening probe of insider trading reached JP Morgan today as the embattled US brokerage was identified as the source of a leak of confidential information regarding a planned share ... Read More

MAS says no leadership changes yet

KUALA LUMPUR, May 29 – Malaysia Airlines (MAS) took a day to say its leadership remains the same after reports that executive director and deputy chief executive Mohammed Rashdan Mohd Yusof had quit all ... Read More

YTL seeing more assets for sale as regional economy slows

By Lee Wei Lian
KUALA LUMPUR, May 29 – More assets are coming online for sale and at more reasonable valuations as the chilling effect from the global economic turmoil starts to bite said YTL Corporation managing ... Read More

Syed Zainal Abidin quits Proton

KUALA LUMPUR, May 29 – Proton Holdings Bhd today confirmed the resignation of Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir as the Group Managing Director, effective July 4, 2012.“Syed Zainal has been ... Read More

Yuan ends down on weak euro, yuan-yen direct trading to start

SHANGHAI, May 29 – The yuan closed slightly lower against the dollar today after the People’s Bank of China (PBOC) set its midpoint at a two-month low in reaction to a dollar that traded close to a ... Read More

SE Asia Stocks: Mostly up on China spending hopes

BANGKOK, May 29 – Most Southeast Asian stocks ended firmer today on hopes that China might launch spending measures to boost growth, but trading volumes and gains were capped as concerns over a euro zone ... Read More

India’s Fortis eyes US$360m from Singapore listing

MUMBAI, May 29 – India’s Fortis Healthcare, which seeks to expand its clinical operations and cut debt, plans to raise about 20 billion rupees (RM1.13 billion) by listing its hospitals business in ... Read More

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