News
Thailand CPN Global Expands to Malaysia
I-Bhd and Thai mall specialist CPN Global Company Ltd have entered into a joint venture to build a 1.5 million sq ft mall in I-Bhd's flagship development i-City with a gross development value of RM580mil. I-Bhd would have a 40% stake via i-City Properties Sdn Bhd (ICP) in the joint venture while CPN would have the remainder stake via two locally incorporated companies CPN Real Estate Sdn Bhd an ...
Euro Crisis Remains a Threat
Euro Crisis Remains a Threat A majority of European investors believes that the eurozone debt crisis is still a threat to financial markets which are rising strongly despite weak activity in Europe, according to Fitch Ratings agency in a report yesterday. The findings were based on a quarterly survey carried out between April 3 and May 7 among investors managing overall investments worth abo ...
Scomi Group Bhd Upgraded
Scomi Group Bhd Upgraded Oil and gas services provider Scomi Group Bhd has secured a contract worth RM98.5mil from Dragon Oil (Turkmenistan) Ltd for the provision of drilling and completion fluids services in Turkmenistan. "This win is certainly testimony of the quality of our products and services to our client. Our drilling and completion fluid solutions have been formulated to meet the n ...
Iskandar Real Estate News
Iskandar Real Estate News MMC Corp Bhd plans to further unlock the value of the company's massive landbank, in excess of 4,500 acres located in Iskandar Malaysia, by strategically developing the land for industrial customers. Group managing director Datuk Hasni Harun revealed that the company, via subsidiaries, has two large pieces of land in Johor located in the Tanjung Bin Petrochemical an ...
MOLPoints Come to Indonesia
MOLPoints Come to Indonesia MOL Global Pte Ltd's Indonesia unit has teamed up with retailer PT Sumber Alfaria Trijaya Tbk to sell MOLPoints online to reach out to Indonesia's 15 million avid online gamers. MOL said on Tuesday its game vouchers would be available through Sumber Alfaria's Alfamart and Alfamidi outlets in Indonesia. For MOL, the partnership would strengthen its position as ...
Lockheed Martin's [NYSE: LMT] Today and Tomorrow
Lockheed Martin's [NYSE: LMT] Today and Tomorrow Chief Executive Officer and President Marillyn A. Hewson today made remarks in Arlington, Va. at the Corporation's fourth annual Media Day. During her presentation, Hewson discussed the Corporation's collaboration with customers to help them meet their current and future challenges. She also outlined how Lockheed Martin is anticipating and activel ...
Google NASDAQ:GOOG, Likes Renewable Energy
Google NASDAQ:GOOG, Likes Renewable Energy Google has spent billions over the past few years investing in renewable energy projects and trying in general to cut its impact on the environment. Google is a successful business, and these investments have not been just for the benefit of the environment, or to increase their sense of well being; they are investments made with a goal to making a pr ...
Dell NASDAQ:DELL to Report Q-1 Profit Below Expectations
Dell NASDAQ:DELL to Report Q-1 Profit Below Expectations Dell Inc. plans to report quarterly financial results Thursday that are significantly lower than Wall Street expectations of profit, but higher than expected in revenue. Dell is expected to report revenue of about $14-B, and earnings, excluding some expenses, of 20 cents a share for the company's just-ended F-Q-1 according to the pers ...
Gold, Silver and Crude Oil Trade
Gold, Silver and Crude Oil Trade US Gold futures prices finished pit trade lower Tuesday on a stronger USD, and weaker Crude Oil prices. The near-term technical outlook for Gold and Silver Bearish. Jun Comex Gold last traded down 9.50 at 1,425.00 oz Spot Gold was last quoted down 4.80 at 1,426.50 oz Jul Comex Silver last traded down 0.336 at 23.36 oz Crude Oil (WTI) 93. ...
DXY Rallies After ZEW Survey
DXY Rallies After ZEW Survey USD, GBP, EUR, JPY 10-Yr: +02/32..1.917%.. USD/JPY: 101.96.. EUR/USD: 1.2978 The US Dollar Index spent most of the overnight sessions attempting to hold the 83 mark. It was successful and now has launched to test 83.40. Helping drive the move was a weaker than expected ZEW Survey out of Germany which raises expectations that the ECB will pursue some for ...