Carmakers feel the weight of weak ringgit

By ZARINA ZAKARIAH - Saturday, 10 October 2015.

KUALA LUMPUR: A WEAK ringgit has taken its toll on local and foreign carmakers in Malaysia as the automotive industry starts to feel the heat from rising operation costs. 


Cars now more affordable since NAP 2014, says Madani

Saturday, October 10, 2015 - 11:01

KUALA LUMPUR: Malaysia Automotive Institute (MAI) chief executive officer Mohamad Madani Sahari says since the National Automotive Policy 2014 (NAP 2014) was announced early last year, the automotive industry has witnessed a more positive climate through the introduction of new models, with more com

MAA: Up to firms to increase prices

Saturday, October 10, 2015 - 11:01

KUALA LUMPUR: Malaysia Automotive Association (MAA) president Datuk Aishah Ahmad says the automotive sector is currently feeling the impact of the sliding ringgit as margins are eroded and profits get squeezed.

‘Steer clear of big-ticket buys if money is issue’

By ZARINA ZAKARIAH - Saturday, October 10, 2015 - 11:01

KUALA LUMPUR: Deemed as the first big purchase for young executives, owning a car is usually the first debt that they would undertake at the start of their careers.

Carmakers feel the weight of weak ringgit

By ZARINA ZAKARIAH - Saturday, October 10, 2015 - 11:00

KUALA LUMPUR: A WEAK ringgit has taken its toll on local and foreign carmakers in Malaysia as the automotive industry starts to feel the heat from rising operation costs. 

Semiconductor ecosystem taking shape: MIMOS

By RUPA DAMODARAN - Friday, October 9, 2015 - 18:14

BUKIT JALIL: MIMOS launched the Green Motion Controller (GMC) chip, a technological breakthrough which will help realise Malaysia's semiconductor ecosystem.

Naza World Auto-Mania generates RM60m in sales

Friday, October 9, 2015 - 18:03

KUALA LUMPUR: Haza World generated about RM60 million in sales during the three-day World Auto-Mania Showcase at the NAZA World Automall, Petaling Jaya, recently.

FTSE Bursa Malaysia update

Friday, October 9, 2015 - 16:35

KUALA LUMPUR: At 4.00 p.m. today, there were 552 gainers, 295 losers and 311 counters traded unchanged on the Bursa Malaysia.

BNM revokes permission, wants 1MDB to repatriate US$1.83b back to Malaysia

Friday, October 9, 2015 - 16:30

KUALA LUMPUR: Bank Negara Malaysia has revoked three permissions granted to 1Malaysia Development Bhd (1MDB) under the Exchange Control Act 1953 (ECA) for its US$1.83 billion investments abroad and wanted it to repatriate the amount back to Malaysia and submit a plan to the Bank for this purpose.

No price hike for BMW cars

By GOH THEAN HOWE - Friday, October 9, 2015 - 14:10

KUALA LUMPUR: BMW Group Malaysia said it has no plans of increasing nor reducing the prices of its vehicles for the time being.

Ringgit poised for biggest rally since 1998

Friday, October 9, 2015 - 13:31

KUALA LUMPUR: The ringgit is geared for its biggest rally since 1998 while stocks rallied due to surging crude oil prices, Bloomberg reported.

Economy far more diversified now, says Wahid

Friday, October 9, 2015 - 11:00

KUALA LUMPUR: MALAYSIA’S economy is more resilient now than what it was during the great Asian financial crisis of 1997 and able to withstand the ongoing headwinds, says Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.

Weak US dollar sentiment lifts ringgit higher

Friday, October 9, 2015 - 09:36

KUALA LUMPUR: The ringgit soared against the US dollar in early trade today, fuelled by bearish sentiment for the greenback following the release of the US Federal Reserve’s minutes for its September meeting.

Sony considers options for its’ smartphone arm

Thursday, October 8, 2015 - 20:20

TOKYO: Sony Corp’s chief executive flagged next year as a make-or-break year for its struggling smartphones, saying it could consider other options for the business if it failed to turn profitable.

Airod wins US Naval maintenance contract

Thursday, October 8, 2015 - 15:52

KUALA LUMPUR: Aircraft Inspection, Repair & Overhaul Depot Sdn Bhd (AIROD) has won a five-year contract from the United States government for the maintenance of KC-130J aircraft of the US Marine Corps Transport Refueler Squadron based in Iawakuni, Japan.

Bursa Malaysia remains in positive territory, CI up 2.3pc

Thursday, October 8, 2015 - 15:49

KUALA LUMPUR: Bursa Malaysia remained in positive territory at mid-afternoon today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) up slightly by 2.3 points to 1,691.55 as at 3.05 pm.

Mercedes-Benz to maintain prices for now

Thursday, October 8, 2015 - 15:45

KUALA LUMPUR: Mercedes-Benz Malaysia Sdn Bhd will maintain prices over the short-and medium-term, despite the fluctuation in the ringgit at present.

50 Malaysian companies to showcase halal food products in Cologne

Thursday, October 8, 2015 - 15:42

KUALA LUMPUR: Fifty Malaysian companies, spearheaded by Malaysia External Trade Development Corporation (Matrade), will take part in the ANUGA 2015 trade fair in Cologne, Germany from Oct 10 to 14.

Further consolidation to depends on mergers, acquisitions benefit

By FRANCIS DASS - Thursday, October 8, 2015 - 12:29

KUALA LUMPUR: Further consolidation in the banking industry, if any, will depend on how beneficial mergers and acquisitions will be for the concerned financial institutions themselves.

BNM forex reserves fall to US$93.3b

Thursday, October 8, 2015 - 11:00

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to RM415.1 billion (equivalent to US$93.3 billion) as at September 30.

Ringgit, Bursa on a roll

By RUPA DAMODARAN - Thursday, October 8, 2015 - 11:00

KUALA LUMPUR: THE ringgit yesterday posted the biggest single-day gain in 17 years while Bursa Malaysia extended its winning streak for the third day, led by a surge in oil prices and strong Malaysian export data for August.

KL shares higher in early session

Thursday, October 8, 2015 - 10:05

KUALA LUMPUR: Shares on Bursa Malaysia traded higher in the early session today with stronger investor optimism over the local economy following positive exports data and a stronger ringgit. At 9.34am, the key index was up 7.39 points to 1,696.64, after opening 6.58 points easier at 1,682.67.

Ringgit extends gains on sustained demand

Thursday, October 8, 2015 - 09:38

KUALA LUMPUR: The ringgit extended gains from yesterday to open higher against the US dollar on sustained demand and amid the weakening of the latter, a dealer said.

Exports surprise in August

By RUPA DAMODARAN - Wednesday, October 7, 2015 - 23:00

KUALA LUMPUR: Exports in August rose to post a 4.1 per cent annualised growth while imports decreased by 6.1 per cent, leading the trade surplus to widen to RM10.19 billion.

Moody's lowers growth outlook for 2016

By RUPA DAMODARAN - Wednesday, October 7, 2015 - 22:51

KUALA LUMPUR: Moody's has maintained its 4.8 per cent growth outlook for Malaysia for 2015 but lowered its growth outlook to 4.5 per cent from 5 per cent for 2016.

Malaysia No 2 beneficiary from TPP after Vietnam, says Credit Suisse

By RUPA DAMODARAN - Wednesday, October 7, 2015 - 22:26

KUALA LUMPUR: Malaysia will follow Vietnam as a close second in terms of biggest long-term beneficiaries from the recently concluded Trans Pacific Partnership says Credit Suisse.

Special Parliament sitting to discuss TPP likely: Mustapa

By RUPA DAMODARAN - Wednesday, October 7, 2015 - 18:47

PUTRAJAYA: There may be a special Parliament sitting to discuss the details of the Trans Pacific Partnership Agreement (TPP), says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Ringgit at 4.16 against USD; strongest performance since Sept 1

Wednesday, October 7, 2015 - 16:57

SINGAPORE: The ringgit jumped more than 5 per cent to a five-week high on Wednesday on stop-loss dollar selling and higher local stocks.

AirAsia has no knowledge of it being privatised

Wednesday, October 7, 2015 - 15:14

KUALA LUMPUR: AirAsia has announced to Bursa Malaysia that it has no knowledge of it being taken private.

SAP appoints Terrence Yong as Managing Director for Malaysia

Wednesday, October 7, 2015 - 11:31

KUALA LUMPUR: SAP has announced the appointment of Terrence Yong as Managing Director for Malaysia.

TPP boost to global market access

By RUPA DAMODARAN AND LIDIANA ROSLI - Wednesday, October 7, 2015 - 11:00

KUALA LUMPUR: CORPORATE captains and analysts say the Trans-Pacific Partnership (TPP) agreement will provide greater global market access for Malaysian companies and improve overall trade.