Business

RAM Ratings: CIMB Thai faces challenging year

Wednesday, 5 August 2015.

RAM Ratings has reaffirmed the AA2/Stable/P1 financial institution ratings of CIMB Thai Bank Public Co Ltd (the Bank).

Latest

Vital for women to have the right insurance plan

Wednesday, August 5, 2015 - 14:35

KUALA LUMPUR: Women should get themselves protected with the right insurance plan although they are young and healthy, said Chief Executive Officer of Allianz Life Insurance Malaysia Bhd Rangam Bir.

Exports stage strong growth in June

By RUPA DAMODARAN - Wednesday, August 5, 2015 - 13:00

KUALA LUMPUR: Exports staged a strong rebound in June with a 5 per cent growth, marking it as the fastest in 12 months.

Exports to remain lacklustre

By RUPA DAMODARAN - Wednesday, August 5, 2015 - 12:20

KUALA LUMPUR: Exports are likely to remain lacklustre in June on the back of weak global demand, said economists.

RAM Ratings: CIMB Thai faces challenging year

Wednesday, August 5, 2015 - 12:18

RAM Ratings has reaffirmed the AA2/Stable/P1 financial institution ratings of CIMB Thai Bank Public Co Ltd (the Bank).

Toyota Motor Q1 net profit jumps 10 pct, beats estimates

Tuesday, August 4, 2015 - 14:23

TOKYO: Toyota Motor Corp posted a 10 percent rise in first-quarter net profit on Tuesday, beating analyst estimates, as costs cuts and currency gains made up for weaker global vehicle sales.

Samsung glamour days over as it fights to save mobile market share

Tuesday, August 4, 2015 - 13:36

SEOUL: For four years Samsung Electronics Co Ltd has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple Inc in the premium mobile market.

Malaysia’s manufacturing sector weakens in July

By RUPA DAMODARAN - Tuesday, August 4, 2015 - 11:53

KUALA LUMPUR: Operating conditions in the Malaysian manufacturing sector worsened in July, according to the latest Nikkei Purchasing Managers’ Index as businesses cite poor demand and challenging economic conditions.

Bursa Malaysia opens lower on crude oil decline

Tuesday, August 4, 2015 - 10:22

KUALA LUMPUR: Bursa Malaysia opened lower Tuesday as concerns mount over West Texas Intermediate crude oil prices which breached below US$50 per barrel.

Short-term rates remains stable

Tuesday, August 4, 2015 - 10:13

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 opens lower

Tuesday, August 4, 2015 - 10:11

KUALA LUMPUR: The ringgit opened lower against the US dollar today on weaker demand for the local unit, dealers said.

Europe’s top stock markets shrug off Greek plunge

Monday, August 3, 2015 - 22:10

LONDON: Europe’s main stock markets rose on Monday, appearing to shrug off a plunge in Athens as Greek trading resumed after a five-week shutdown.

Oil falls to near US$50 after OPEC monthly supply rise

Monday, August 3, 2015 - 22:08

LONDON: Oil slid to six-month lows on Monday, hit by fresh evidence of growing oversupply, investor bearishness and slowing demand in China, leaving crude prices on course for their weakest third-quarter performance since the financial crisis in 2008.

US stocks open busy data week little changed

Monday, August 3, 2015 - 22:04

NEW YORK: Wall Street stocks opened little changed Monday as a heavy week of US economic reports and earnings kicked off with data showing a slight rise in consumer spending in June.

AirAsia's AGSS signs service level agreements with Thai and Indonesia counterparts

Monday, August 3, 2015 - 22:00

KUALA LUMPUR: AirAsia Bhd’s wholly-owned subsidiary AirAsia Global Shared Services Sdn Bhd has reached Service Level Agreement (SLA) with PT Indonesia AirAsia Extra and Thai AirAsia X Co Ltd, respectively.

Bursa Malaysia easier at mid-afternoon

Monday, August 3, 2015 - 15:39

KUALA LUMPUR: Bursa Malaysia was easier at mid-afternoon today on selling activities led by finance-related counters.

Nokia selling mapping service Here to German car makers for 2.8bn euros

Monday, August 3, 2015 - 15:24

FRANKFURT: Finnish telecoms group Nokia is selling its mapping service Here to German car makers BMW, Audi and Mercedes-Benz for 2.8 billion euros (US$3 billion), it said Monday.

Macquarie Securities: M’sia has fastest growing structured warrants market in Asia

By LIDIANA ROSLI - Monday, August 3, 2015 - 15:18

Malaysia currently has the fastest growing structured warrants market in Asia despite ongoing challenging global and domestic economic environments, according to Macquarie Securities Group.

UEM Sunrise buys RM161m office tower in Australia

By SHAREN KAUR - Monday, August 3, 2015 - 10:25

KUALA LUMPUR: UEM Sunrise Bhd, one of Malaysia’s top property developers, has completed another prime acquisition in Melbourne, Australia.

Gold up RM1.26 at RM129.89 per gramme

Monday, August 3, 2015 - 10:07

KUALA LUMPUR: The physical price of gold as at 9.30am stood at RM129.30 per gramme, up RM1.26 from RM128.63 at 5pm last Friday. - BERNAMA

KLCI futures higher in early trade

Monday, August 3, 2015 - 10:00

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives was higher in early trade today, lifted by mild buying support.

Ringgit slightly higher in the opening

Monday, August 3, 2015 - 09:57

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today on mild demand for the local unit, dealers said.

Gold futures likely to stay bearish next week

Saturday, August 1, 2015 - 11:32

KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives is likely to remain bearish next week amid speculation on the timing of the US interest rate hike, a dealer said.

KLCI futures likely to trend sideways next week

Saturday, August 1, 2015 - 11:30

KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures contract (FKLI) is expected to trend sideways next week, trailing a similar trend on the cash market.

Bursa likely to trend sideways next week

Saturday, August 1, 2015 - 11:28

KUALA LUMPUR: Bursa Malaysia is likely to trend sideways next week with the benchmark index continuing to be confined within the 1,700 points and 1,740 points range, says Affin Hwang Investment Bank Vice-President and Head of Retail Research Datuk Dr Nazri Khan.

TPP, no final deal reached

By RUPA DAMODARAN - Saturday, August 1, 2015 - 11:21

KUALA LUMPUR: The negotiations in the Trans Pacific Partnership in Hawaii just ended, again in an impasse as the 12 countries cited unresolved issues.

Ringgit likely to remain at the current level next week

Saturday, August 1, 2015 - 11:15

KUALA LUMPUR: The ringgit is expected to remain steady at the current level of 3.81 level against the US dollar next week due to lack of market moving factors.

Technically Speaking: Bursa set to challenge immediate downside support

By S.N. LOCK - Saturday, August 1, 2015 - 11:00

TECHNICAL rebounds on Friday helped to recoup all losses on the first three trading days this week.

IMF approves loan to Ukraine despite debt concerns

Saturday, August 1, 2015 - 10:12

WASHINGTON: The International Monetary Fund approved Friday the next installment of its massive loan to Ukraine despite uncertainty about the sustainability of the country’s debt and its conflict with separatist forces.

Bursa back to 1,700 pts on bargain hunting

By MUHAMMED AHMAD HAMDAN - Friday, July 31, 2015 - 20:42

KUALA LUMPUR: Bursa Malaysia clawed back to the 1,700-point level today lifted by bargain hunting, with gains seen in the construction, mining and financials counters.

Uniqlo operator, 7-Eleven plan tie-up targeting online sales

Friday, July 31, 2015 - 12:19

TOKYO: Fast Retailing Co Ltd and the operator of 7-Eleven convenience stores are planning a broad partnership this year that could turn 7-Eleven stores in Japan into pick-up spots for online purchases of Uniqlo clothing, a person familiar with the matter said.