LONDON: Brent crude oil steadied above US$78 a barrel yesterday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.
KUALA LUMPUR: The ringgit closed lower against the US dollar for the third consecutive days yesterday as demand for the Asian emerging currencies remained weak, dealers said.
KUALA LUMPUR: Short-term interbank rates were expected to remain stable yesterday with Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) continued its downtrend to close US$150 lower at US$19,600 a tonne yesterday, in tandem with the easier close of the metal on the London Metal Exchange (LME).
KUALA LUMPUR: Gold futures ended lower yesterday as unfavourable external developments reduced investors’ appetite for gold investment.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday amid weaker export estimates as projected by cargo surveyors, a dealer said.
KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday on lack of buying momentum and a higher benchmark at the Tokyo Commodity Exchange (TOCOM) futures market, a dealer said.
PETALING JAYA: TH Plantations Bhd’s (THP) increased borrowing is necessary as it helps to expedite its expansion programme, MIDF Research said.
GST MISCONCEPTION: No more than 5pc rise as residential properties are exempt-rated
KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) prospects are perking up as its restructuring efforts start to bear fruits, AmResearch Sdn Bhd said.
KUALA LUMPUR: AirAsia X Bhd’s results were disappointing as yield declined 12.5 per cent following industry overcapacity and an aggressive promotional strategy, says MIDF Research.
Naza TTDI’s SM Faliq SM Nasimuddin says property prices will rise next year but will not solely be due to GST.
KUALA LUMPUR: CIMB Bank recently kicked off the “CIMB Ultimate Dream Contest”, offering their new and existing customers a chance to win attractive prizes, including three monthly grand prizes of a brand new condominium at Pantai Sentral Park. The condominiums are worth more than RM730,000 each.
MAH Sing Group Bhd has targeted more property projects in the Klang Valley next year with a strong focus on mass market properties, after achieving RM2.5 billion sales for nine-months ended September 30 this year.
ASEAN must have a strong game plan to ensure a sustainable development as it grows bigger as a single economy, when the Asean Economic Community (AEC) materialises by end of next year.
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