KUALA LUMPUR: Malaysia registered the 209th consecutive month of trade surplus in March 2015, in widening to RM7.82 billion from the RM4.52 billion recorded in February, the Ministry of International Trade and Industry (MITI) said.
KUALA LUMPUR: Indonesia’s palm oil export levy will have a short-term negative impact on Malaysian plantation companies, but expected to boost the crude palm oil (CPO) price and plantation profits in the longer term, said Affin Hwang Investment Bank Bhd today.
KUALA LUMPUR: Fund manager, Valuecap Sdn Bhd, aims to expand the group’s assets under management (AUM) to between RM7 billion and RM7.5 billion by year-end from the current RM5.2 billion.
KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained in the red at mid-morning today on selling activities in most heavyweights.
NEW YORK: Oil prices scored new 2015 peaks Wednesday after weekly data showed US commercial crude stockpiles unexpectedly slumped in the first decline in four months.
NEW YORK: Wall Street stocks fell for a second straight session Wednesday following disappointing jobs data and a warning from Federal Reserve Chair Janet Yellen on high equity valuations.
TOKYO: Asian shares fell Thursday after Wall Street dropped on weaker-than-expected US economic data and a warning from Federal Reserve Chair Janet Yellen that stock valuations were “quite high.”
KUALA LUMPUR: At 9.30 a.m. today, there were 118 gainers, 200 losers and 207 counters traded unchanged on the Bursa Malaysia.
KUALA LUMPUR: Asia remains the bright spark in the global economy but the growth outlook will be lower for several natural resources exporters in the region like Malaysia and Mongolia says the International Monetary Fund.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today on mild profit taking, a dealer said.
KUALA LUMPUR: Khazanah Nasional Bhd has announced new appointments as part of its ongoing and periodic strengthening of its senior leadership team (SLT), led by managing director Tan Sri Azman Mokhtar.
SINGAPORE: Damansara City, a luxury-integrated development worth RM2.5 billion (S$927 million) in gross development value by GuocoLand (Malaysia) Bhd, will open a special pre-launch sale for Singaporean investors between 11 am to 7 pm from Saturday to Sunday at The Island Suite, Marina at Keppel Bay
KUALA LUMPUR: Japanese’s Daiwa Securities Group Inc is keen to buy a minority stake in Malaysia’s Affin Hwang Investment Bank Bhd, parent Affin Holdings Bhd said on Wednesday.
LONDON: Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East.
KUALA LUMPUR: Fraser & Neave Holdings Bhd is working on a new product to replace its energy drink Red Bull after the exclusive rights to distribute Red Bull expires on Sept 30, 2015.