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The weekend is here again and those with busier schedules may have inevitably missed some of our better stories this week. Here are some news, analyses and comments that you shouldn’t miss — you don’t get them anywhere else:
Pick 1 — Bitcoin: Fad of the present or currency of the future? Bitcoin is the talk of the town now and for good reasons. What is it, how do we get it and how safe is it? How does it work? Will it someday be the ultimate currency worldwide? Read all about it here, here, here and here.
Pick 2 — MH370 tragedy deepens MAS 1Q14 losses. Malaysia Airlines (MAS) announced its 1Q14 results and it wasn’t good, its losses nearly doubling since 1Q13. Interestingly MAS point to the MH370 tragedy as having a dramatic impact this quarter as the plane’s disappearance triggered a consumer reaction against it. In addition MAS also confirmed a fourth rescue effort in two decades for the ailing five-star airline. Read on here.
Pick 3 — Petronas posts RM27 bil profit for 1Q14. Petronas has reported 10% higher revenue in the first quarter of FY14 at RM84 billion, raking in a pre-tax profit of RM27.2 billion. Going forward Petronas is on the lookout for more partners for divestment of stakes in its Canada investments, said chief executive officer Shamsul Azhar Abbas. Read our report here.
Pick 4 — MH370 not the main factor in MAS turnaround. The impact of MH370 tragedy on Malaysia Airlines (MAS)’s earnings will go away but plummeting yields will remain a problem unless the airline stops dropping yields in favour of filling up seats, argued our resident cat this week. Read Tiger’s thoughts on the subject here.
Pick 5 — 8 reasons why BN is good for business. Recently a minister, speaking at the prospectus launch of a coming public-listing, declared that said company owed its success to the stability provided by the Barisan Nasional (BN) government, as does all other companies in Malaysia. Tiger takes a prowl down the subject and comes up with 8 reasons why BN is great for business. Read them here.
Pick 6 — A weaker euro for a stronger Europe. A sharp drop in Euro’s exchange rate, say about 15%, would alleviate many of the eurozone’s current economic problems, argues Harvard Economics Professor Martin Feldstein. If the ECB wants to reduce the value of the euro and increase the eurozone’s near-term inflation rate, the only reliable way to do so may be by direct intervention in the currency market – that is, selling euros and buying a basket of other currencies. Read his comment here.
Have a good weekend catching on with these stories. If you like what you see, follow us on Facebook here and on Twitter here to stay on the business news pulse.
Next week we will start a brand new column StockStalk, dedicated to analysing stocks and breaking down whether or not a particular counter is a good buy — why or why not. Watch out for it on Monday before the morning bell.
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— Khairie Hisyam Aliman, Assistant News Editor
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