AMBC News

List of all latest news including access to Malaysia news and upcoming events.

Malaysian News


China at risk of sharp fall
BEIJING: A property sector downturn and slumping global demand may knock China’s economy into a hard landing in 2012, a senior government economist told Reuters, putting more pressure on Beijing to speed up economic reforms and to open up the market.

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High-frequency trading soon
BURSA Malaysia is quickly gearing up its regulatory infrastructure and hardware to deal and cope with the new style of trading the stock and derivatives market amongst hedge funds called high-frequency trading.

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Merrill raises bid for rivals' top brokers: sources
NEW YORK (Reuters) - Bank of America's Merrill Lynch has launched a more aggressive recruiting campaign for top-tier brokers, including a bonus paid for transferring client assets after six months at the firm, two sources familiar with the new plan said Tuesday.

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Official: More cash needed for Greece to keep overall sums on track
BRUSSELS: A long-disputed second bailout for Greece worth 230 billion euros (US$300bil) will fall well short of an agreed debt reduction target, according to eurozone government sources.

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POIC Lahad Datu's success indicates state and fed govt on right track
SANDAKAN: The Palm Oil Industrial Cluster (POIC) in Lahad Datu, which opened six years ago, has attracted RM3 billion in investments so far from both foreign and local investors.

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Iconic London power station faces uncertainties
LONDON: With its four white chimneys and solid brick base, Battersea Power Station is London’s most iconic industrial building. But 30 years after closing down, it still eludes efforts to give it a future.

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Shanghai exchange may launch highyield debt soon report
SHANGHAI, Feb 20 (Reuters) China's Shanghai Stock Exchange may soon launch highyield debt and interest rate swaps, the official China Securities Journal said on Monday, in a move that would increase financing options for smaller companies.

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China-Malaysia firm rejects S.Sudan accusations in oil row
JUBA (Reuters) - Chinese-Malaysian oil firm Petrodar, the main oil operator in South Sudan, denied on Sunday it had helped Sudan seize any southern oil, after Juba accused Chinese firms of cooperating with Khartoum in a row between the two countries.

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Zakie appointed new FIMM CEO
PETALING JAYA: The Federation of Investment Managers Malaysia (FIMM) has appointed Ahmad Zakie Ahmad Shariff as its new chief executive officer.

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Malaysia's FDI for 2011 up 12.3%
PETALING JAYA: The total foreign direct investment (FDI) inflow into Malaysia in 2011 has increased 12.3% to RM32.9bil as compared with RM29.3bil in 2010.

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FBM KLCI closes higher
The FTSE Bursa Malaysia KLCI (FBM KLCI) closed higher today by 1.16 points or 0.07% to 1,562.82

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Prasarana to award all LRT line extension contracts by end June
PETALING JAYA: Syarikat Prasarana Negara Bhd hopes to award all LRT Line Extension contracts by the first half of 2012.

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IATA seeks UN deal to avert trade war
SINGAPORE: Global airlines have called for a deal brokered by a United Nations agency to avoid an impasse between China and the European Union (EU) over jet pollution spilling into a trade war.

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Australia's Westfield sells US, UK malls; to buy back shares
SYDNEY, Feb 15 (Reuters) Australian shopping mall owner Westfield Group is selling a stake in a portfolio of 12 U.S. malls to a Canadian pension fund for about $1.85 billion, freeing up cash to fund a share buyback and to expand its global reach.

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Societe Generale sees more gloom
PARIS: Societe Generale, France’s second-biggest listed bank, warned of fresh pain ahead in 2012 after a grim fourth quarter as it steps up efforts to cut debt via asset sales and battle a European economic slowdown.

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Media community mourns the passing of former MSA president
PETALING JAYA: The late Tan Siang Lin, the Media Specialist’s Association’s (MSA) former president who passed away on Sunday, will be fondly remembered for her never-say-never attitude, passionate energy and warm personality.   more news>

Palm oil price hits 8-month high
KUALA LUMPUR: Crude palm oil (CPO) futures price hit RM3,260 per tonne, the highest in more than eight months but finished short of the intraday high buoyed by higher soy bean prices.

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TPG still keen on Billabong despite asset sale
MELBOURNE: Private equity firm TPG Capital renewed a US$825mil takeover offer for Billabong International, saying the Australian surfwear company’s planned sale of one of its most profitable brands would not be an obstacle.       

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No more ‘Kodak moments’
AMERICA'S iconic film company falls victim to technology and creative destruction

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Rio Tinto bets US$518m on future of automation
MELBOURNE: Global miner Rio Tinto has accelerated a move toward automation, unveiling a US$518mil plan to pioneer the use of driverless trains in Australia and increasing its bet on a future where machines rather than miners do most of the work.       

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