KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed lower today on worries that the US economic recovery would reduce the precious metal’s attractiveness as a safe haven asset.
KUALA LUMPUR: The ringgit eased against the US dollar in late trading today as the greenback firmed up in most overseas markets due to a stronger buying support, a trader said.
KUALA LUMPUR: Crude palm oil (CPO) is expected to trade at an average of US$770 (US$1=RM3.62) per tonne in Rotterdam this year supported by low stocks and renewed demand from India and China.
COUNTER TURNOVER HIGH LOW L/DONE UP/DOWN (UNITS) (SEN) (SEN) (SEN) (SEN) ============================================================== NEXGRAM 152,820,200 12.5 11 11 - 0.5
KUALA LUMPUR: Last minute bargain hunting in selected finance counters lifted share prices to end slightly higher on Bursa Malaysia today, dealers said.
KUALA LUMPUR: The price of crude palm oil (CPO), which is very much underpinned by crude oil prices, is expected to average at RM2,260 a tonne in the first half of this year and RM1,770 a tonne in the second half.
KUALA LUMPUR: Malaysia is on track to reach high income status in five years due to skillful economic management amidst an uneven global recovery, says the International Monetary Fund.
KUALA LUMPUR: Europe remains a challenging market for the palm oil industry due to various campaigns against the commodity in the region, says the Malaysian Palm Oil Council (MPOC).
KUALA LUMPUR: Telekom Malaysia Bhd (TM) and TT dotCom Sdn Bhd (TTdC) are set to jointly install a submarine cable connecting Peninsular Malaysia, Sabah and Sarawak.
KUALA LUMPUR: Malaysia remains confident of achieving its bilateral trade target of US$160 billion (US$1=RM3.63) with China by 2017 despite the MH370 flight incident, says the Ministry of International Trade and Industry.
KUALA LUMPUR: Bursa Malaysia ended higher today on continued buying in selective heavyweights, as bargain hunters emerged after yesterday’s losses, dealers said.
KUALA LUMPUR: The Asean Capital Markets Forum (ACMF) meeting today announced the authorisation for five new funds as Qualifying Collective Investment Schemes (CIS) under the Asean framework for cross-border offering of CIS.
SINGAPORE: Brent crude oil prices rose more than a dollar to above $60.50 a barrel on Tuesday, tracking firmer Asian markets, but analysts warned the market remained oversupplied.
KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) and OCBC Al-Amin Bank Bhd plan to disburse RM1 billion in unsecured business financing for small and medium enterprises (SMEs) by year-end.
KUALA LUMPUR: The Securities Commission of Malaysia (SC) today signed a memorandum of understanding (MoU) with the Monetary Authority of Singapore (MAS) and the Securities and Exchange Commission of Thailand (SEC) as well as the Singapore Exchange to enhance Asean’s attractiveness as fund-raising ce