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S&P Revises Indonesia’s Sovereign Credit Outlook to Positive
INDONESIA – American financial services firm Standard and Poor’s (S&P) revised Indonesia’s rating outlook from Stable to Positive and affirmed the rating at BB+. The positive outlook reflects the possibility…
Mubasher Financial Services Opens Bahrain Office
BAHRAIN – One of the top financial institutions in the Middle East, Mubasher Financial Services BSC, has announced the opening of its new state of the art office in Bahrain,…
Malaysians Get Free Electric Bus Ride For Two Months in Bandar Sunway
MALAYSIA – Malaysian commuters will get to ride the electric bus at Bandar Sunway for free for two months, said Prime Minister Datuk Seri Najib Razak. Najib made the pronouncement…
Australia’s Myer To Shut Down Stores in Sydney and Melbourne
SYDNEY, AUSTRALIA – Australia’s largest department store group Myer is shutting down an outlet in Top Ryde City shopping center in Sydney as part of a revamp launched by newly…
Alibaba Allows Japanese Shops and Brands to Sell on Tmall
Japanese cosmetics and other goods will soon be sold on Alibaba as the Chinese e-commerce giant signed a collaboration agreement with Yahoo Japan. Under the deal, Alibaba will invite about…
JP Morgan Names Global Investment Banking Head for Hong Kong
HONG KONG – JP Morgan Chase & Co has named David Lau as head of global investment banking for Hong Kong, online financial publications reported Monday. Lau will also keep…
Maldives To Host Investment Forum in Beijing
BEIJING, CHINA – The second Maldives Investment Forum will be held in Beijing in September this year, a local newspaper in Maldives reported. The country’s Economic Minister Mohamed Saeed the…