PIVB: Oil Price To Balance At US$50 In 2H17

KUALA LUMPUR, Sept 27 – Public Investment Bank Bhd (PIVB) has reinforced its “overweight” view on the oil and gas (O&G) sector after the overnight benchmark Brent crude oil price closed at US$58.44 per barrel, hitting its highest levels since July 2015. In a note today, the research house said the

Bursa Malaysia Mixed At Mid-Morning

KUALA LUMPUR, Sept 27 – Lack of fresh catalysts weighed on Bursa Malaysia which turned mixed at mid-morning. At 11.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.35 points lower at 1,764.24 from Tuesday’s close of 1,765.59. The index opened 2.03 points better at 1,767.62. Market breadth was positive

Sept 27: RM At 4.21 Against USD

KUALA LUMPUR, Sept 27 – The ringgit continued yesterday’s downtrend to opened lower against the US dollar this morning as the greenback strengthened on the possibility of another interest rate hike before the year-end, dealers said. At 9am, the local unit depreciated to 4.2150/2190 from 4.2050/2080 recorded at 6pm yesterday. The US

BBC Launches New Korean Language Service

LONDON, Sept 26 – The BBC launched a new Korean language radio and online service on Tuesday that will be available to listeners in North Korea if the signal is not blocked. The service, a part of the BBC’s biggest global expansion since the 1940s, will have a dedicated team of journalists

Interpol Meets In Beijing As China Hunts For Fugitives

BEIJING, Sept 26 – Interpol opened its general assembly in Beijing on Tuesday as China seeks greater international help to repatriate alleged criminals – despite accusations it is using the international police organisation for political gain. Some 1,000 public security officials and political leaders will discuss terrorism, organised crime and cybercrime at

China Fines Tech Firms Over Online Content

BEIJING, Sept 26 – China has fined several of the country’s biggest technology firms for failing to remove illegal online content as the authorities intensify their policing of the internet. Three web giants operating popular social media services have received “maximum penalties” for allowing the publication of pornographic, violent and other sorts

Shooting Incident At Philippine Presidential Compound

MANILA, Sept 26 – A shooting incident took place within the presidential compound of the Philippines’ Rodrigo Duterte and is being investigated, his spokesman said Tuesday. The incident occurred at an elite security force camp within the sprawling presidential grounds, which include a house where Duterte resides, said spokesman Ernesto Abella. He declined

Black Entertainment Television Heads To Korea In Asia First

NEW YORK, Sept 26 – Black Entertainment Television, the premier US network geared toward African Americans, is launching Tuesday a version in South Korea in its first expansion into Asia. The South Korean BET channel, available both on traditional television and through streaming, will feature the network’s signature shows as well as

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