KUALA LUMPUR: Lembaga Tabung Haji (LTH) has emerged as a substantial shareholder of Chemical Company of Malaysia Bhd (CCM) initially with a 5.01 per cent stake. Tabung Haji subsequently raised its stake to 5.03 per cent.
KUALA LUMPUR: OCK Group Bhd yesterday said the Securities Commission has approved its proposed transfer from the ACE Market to Bursa Malaysia’s Main Market.
KUALA LUMPUR: The General Insurance Association of Malaysia (PIAM) has appointed Mark Lim Kian Wei as its new chief executive officer.
LONDON: Three Malaysian firms have been shortlisted for supplying flooring and doors and other materials for the first phase of the Battersea Power Station project, here.
LONDON: Brent crude fell below US$86 a barrel yesterday on news of strong supply from Middle Eastern Opec producers and as a confirmed case of Ebola in New York spooked global equities markets.
MALAYSIA has joined 20 proposed founding member countries to set up Asian Infrastructure Investment Bank (AIIB) with an initial authorised capital of US$50 billion (RM164 billion).
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) was down by US$40 yesterday to close at US$19,490 a tonne, in line with the decline in the metal’s price on the London Metal Exchange (LME).
KUALA LUMPUR: The Trans Pacific Partnership (TPP) talks resumed in Australia today as negotiators race to close the gaps in various outstanding issues, especially market access.
KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed lower yesterday due on firmer greenback.
KUALA LUMPUR: The ringgit eased further against the US dollar yesterday with most players remaining on the sidelines to avoid taking long positions as they await the outcome of the US Federal Reserve meeting next week.
KUALA LUMPUR: The Malaysian rubber market extended its uptrend to close at a seven-week high yesterday on the back of a weaker ringgit and higher crude oil prices, said a dealer.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday in anticipation of lower production ahead of the monsoon season, a dealer said.
AMRESEARCH Sdn Bhd expects Kulim (Malaysia) Bhd’s earnings to drop by almost 40 per cent over the long-term due to the loss of contribution from New Britain Palm Oil Ltd (NBPOL).
HUA Yang Bhd’s full-year new sales target of RM500 million to RM600 million looks achievable with more projects to be launched in the second half of its financial year ending 2015, RHB Research said.
KUALA LUMPUR: Malaysian equities are expensive but their recent underperformance could open up opportunities for investors, said HSBC Bank Malaysia Bhd retail banking and wealth management head Lim Eng Seong.
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