Business

Short-term rates to remain stable on BNM intervention

Monday, 6 July 2015.

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.

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FTSE Bursa Malaysia update: 10.30am

Monday, July 6, 2015 - 11:14

KUALA LUMPUR: At 10.30 am today, there were 76 gainers, 531 losers and 173 counters traded unchanged on the Bursa Malaysia.

Oil prices tumble after Greece vote, China stock market turmoil

Monday, July 6, 2015 - 11:09

SINGAPORE: Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash.

Asia markets sink after Greece votes ‘No’ to austerity

Monday, July 6, 2015 - 10:52

HONG KONG: Asian stocks mostly fell Monday after Greek voters rejected more austerity demands from creditors, fuelling fears the country will crash out of the eurozone, but the euro recovered from initial losses as dealers wait for European leaders’ next move.

Short-term rates to remain stable on BNM intervention

Monday, July 6, 2015 - 10:35

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.

Ringgit breaches 3.80 level against USD

Monday, July 6, 2015 - 10:31

KUALA LUMPUR: The ringgit breached the 3.80 level against the US dollar this morning – the level at which it was pegged against the greenback in September 1998.

KL shares open lower

Monday, July 6, 2015 - 10:02

KUALA LUMPUR: Bursa Malaysia opened lower this morning following lower demand for selected heavyweights, dealers said.

FTSE Bursa Malaysia update

Monday, July 6, 2015 - 09:42

KUALA LUMPUR: At 9.30 a.m. today, there were 59 gainers, 411 losers and 130 counters traded unchanged on the Bursa Malaysia.

Airbus, Mahindra to make military choppers in India

Saturday, July 4, 2015 - 15:50

NEW DELHI: European aerospace giant Airbus and India’s Mahindra group have inked a deal to jointly build helicopters as the Indian government moves to upgrade the country’s ageing military hardware, the companies said.

Tin price to hover at current levels next week

Saturday, July 4, 2015 - 11:36

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) is expected hover around current levels next week on lack of catalyst to push the price upwards, a dealer said

Gold futures to remain volatile next week

Saturday, July 4, 2015 - 11:25

KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives is expected to remain volatile next week on continuous uncertainty over Greece’s debt crisis amid the strengthening US dollar, a dealer said.

Short-term rates to remain stable next week

Saturday, July 4, 2015 - 11:17

KUALA LUMPUR: Short-term interest rates are likely to remain stable next week as Bank Negara Malaysia (BNM) continues its intervention to mop up excess liquidity.

RM to rebound slightly against USD next week

Saturday, July 4, 2015 - 11:09

KUALA LUMPUR: The ringgit is expected to appreciate slightly against the US dollar next week on improved buying interest, a dealer said.

KLCI futures likely to trend lower next week

Saturday, July 4, 2015 - 11:04

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives is likely to trend lower next week in tandem with the bearish outlook for the cash market, said a dealer.

KWAP to allocate RM100m for fund manager

Friday, July 3, 2015 - 15:27

KUALA LUMPUR: The Retirement Fund Inc (KWAP) plans to allocate RM100 million to be managed by a fund manager, adding to the RM1.2 billion currently being managed by existing fund managers.

Bursa Malaysia opens higher on follow through support

Friday, July 3, 2015 - 10:23

KUALA LUMPUR: Bursa Malaysia opened higher today driven by follow through support and persistent buying interest in selected heavyweights, dealers said.

KLCI futures lower in early session

Friday, July 3, 2015 - 10:19

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives opened lower despite an uptrend in the cash market.

Klibor futures untraded at 9.34am

Friday, July 3, 2015 - 10:17

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract on Bursa Malaysia Derivatives was untraded at 9.34am.

Short-term rates to remain stable

Friday, July 3, 2015 - 10:15

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system. BNM estimated today’s liquidity at RM28.01 billion in the conventional system and RM9.99 billion in Islamic funds.

Gold futures opens untraded

Friday, July 3, 2015 - 10:13

KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives opened untraded as at 9.12am.

Ringgit to continue to be volatile

By RUPA DAMODARAN - Thursday, July 2, 2015 - 21:51

KUALA LUMPUR: The ringgit will continue to face volatility as the date draws nearer towards the US Federal Reserve Fund’s expected interest rate normalisation in September, said forex analysts.

1MDB discussed with Fitch prior to rating upgrade

Thursday, July 2, 2015 - 15:55

KUALA LUMPUR: Fitch Ratings upgrade is an evidence of the Government’s success in ensuring the continued economic stability of our country said 1MDB President and Group Executive Director, Arul Kanda.

Ringgit strengthens on rating, risks remain

By RUPA DAMODARAN - Thursday, July 2, 2015 - 12:42

KUALA LUMPUR: The ringgit strengthened 1.2 per cent against the US dollar yesterday following the positive surprise sovereign outlook by Fitch Ratings.

Fitch revises Petronas’ outlook to stable

By RUPA DAMODARAN - Wednesday, July 1, 2015 - 17:57

KUALA LUMPUR: Fitch Ratings has revised the outlook on Petroliam Nasional Bhd's long-term foreign- and local-currency issuer default ratings to stable from negative.

Bursa Malaysia broadly higher

Wednesday, July 1, 2015 - 16:19

KUALA LUMPUR: Bursa Malaysia was broadly higher at mid-afternoon today helped by the overnight Fitch Ratings’ upgrade on Malaysia’s outlook.

Equity market to rebound in second half

Wednesday, July 1, 2015 - 14:45

KUALA LUMPUR: – Investment management company, Pacific Mutual Fund Bhd, expects a rebound in the Malaysian equity market in the second half of this year after a significant pull-back in the second quarter of 2015.

Fitch Ratings revises outlook on TM to Stable

Wednesday, July 1, 2015 - 13:24

KUALA LUMPUR: FITCH Ratings has affirmed Telekom Malaysia Bhd’s (TM) long-term foreign-currency issuer default rating at 'A-', and revised the outlook to stable from negative.

Fitch’s stable outlook eases pressure on ringgit

Wednesday, July 1, 2015 - 12:19

KUALA LUMPUR: – The latest rating by Fitch Ratings on Malaysia’s outlook sparks positive sentiment in the local foreign exchange market, lifting the ringgit higher against the US dollar this morning.

Irwan Serigar: Fitch’s latest assessment a recognition of Malaysia’s continuous efforts

Wednesday, July 1, 2015 - 12:17

KUALA LUMPUR: – The latest assessment on Malaysia’s credit rating by Fitch Ratings is a recognition of the government’s continuous efforts in embracing structural reforms to build a sustainable, inclusive and competitive economy, said Tan Sri Dr Mohd Irwan Serigar Abdullah.

Bursa Malaysia extends gains to open higher

Wednesday, July 1, 2015 - 10:37

KUALA LUMPUR: Bursa Malaysia extended its gains to open higher today as the latest ratings by Fitch on Malaysia’s outlook fueled optimism on the country’s economy, dealers said.

Fitch’s stable outlook drives ringgit higher

Wednesday, July 1, 2015 - 10:34

KUALA LUMPUR: – The ringgit opened sharply higher against the US dollar this morning, bolstered by strong demand for the local note after the positive announcement by Fitch Ratings, which revised Malaysia’s outlook to stable.