Business

No changes in GDP growth upgrade following plunging oil prices: Merrill Lynch

By RUPA DAMODARAN - Friday, 23 January 2015.

KUALA LUMPUR: Lower oil prices have yet to result in any sizeable goss domestic product (GDP) growth upgrade for emerging Asia, partly because of slowing global growth outside the US, said Bank of America Merrill Lynch.

Latest

ARC assigns “A” rating to Malaysia

Sunday, January 25, 2015 - 15:06

KUALA LUMPUR: ARC Ratings SA (ARC), a global rating agency, has assigned a long-term foreign currency issuer rating to the government of Malaysia (Malaysia) of “A.”

No changes in GDP growth upgrade following plunging oil prices: Merrill Lynch

By RUPA DAMODARAN - Friday, January 23, 2015 - 23:25

KUALA LUMPUR: Lower oil prices have yet to result in any sizeable goss domestic product (GDP) growth upgrade for emerging Asia, partly because of slowing global growth outside the US, said Bank of America Merrill Lynch.

UMWG targets sales growth up to RM100mil for new Grantt lubricants

Friday, January 23, 2015 - 20:33

SHAH ALAM: UMW Grantt International Sdn Bhd (UMWG) is targeting sales growth of up to RM100 million over the next five years for the newly-improved range of GRANTT lubricants.

Revised Budget not required to be tabled again: MoF

Friday, January 23, 2015 - 20:05

KUALA LUMPUR: The revised 2015 Budget is not required to be tabled again as a number of proactive measures announced recently did not involve any additional or supplementary expenditure, said the Finance Ministry.

Emkay Group to launch 18 luxury villas in April

By RAHMAT KHAIRULRIJAL - Friday, January 23, 2015 - 18:59

KUALA LUMPUR: The Emkay Group is expected to launch 18 exclusive villas under the third phase of the Belum Rainforest Resort in April this year.

KL shares end firmer on continuous buying support, KLCI up 21.33 pts

Friday, January 23, 2015 - 17:39

KUALA LUMPUR: Bursa Malaysia ended on a firmer note today on continuous buying support for selected heavyweights, amid bargain hunting activities and positive regional market sentiments, dealers said.

CIMB Thai sees opportunity to invest in Eurozone assets despite turmoil

Friday, January 23, 2015 - 17:19

BANGKOK: There is a good opportunity to invest in Eurozone assets and expand business to the Eurozone through direct investment, mergers and acquisitions or equity investment given higher liquidity in the Eurozone amid a prolonged low interest rate, according to CIMB Thai Research.

WCT aims to secure RM2bil jobs this year

Friday, January 23, 2015 - 16:58

PETALING JAYA: WCT Holdings Bhd aims to secure RM2 billion worth of local and foreign property development jobs this year, said executive director, Wong Yik Kae.

Malaysia’s credit rating to remain stable in next one-two years: S&P’s

By RUPA DAMODARAN - Friday, January 23, 2015 - 16:35

KUALA LUMPUR: Standard & Poor’s said Malaysia’s credit rating will remain at a stable A- for the next one to two years.

Euro hits fresh 11-year low vs USD after ECB launches QE

Friday, January 23, 2015 - 15:58

SINGAPORE/SYDNEY: The euro set a fresh 11-year low versus the dollar on Friday, staying under pressure after the European Central Bank launched a landmark bond-buying programme to support the sagging euro zone economy.

Mercedes-Benz to continue investing in Malaysia

Friday, January 23, 2015 - 15:54

KUALA LUMPUR: Mercedes-Benz Malaysia Sdn Bhd will continue to invest in Malaysia despite global economic uncertainty amid lower crude oil prices, as well as the weakening ringgit.

14 healthcare firms to take part in Arab Health 2015

Friday, January 23, 2015 - 15:51

KUALA LUMPUR: Fourteen Malaysian exporters in the healthcare industry will participate in Arab Health 2015 trade fair at the Dubai International Convention and Exhibition Centre in Dubai, United Arab Emirates (UAE).

KL shares higher mid-afternoon

Friday, January 23, 2015 - 15:48

KUALA LUMPUR: Bursa Malaysia was higher at mid-afternoon today, lifted by gains in selected key heavyweights, dealers said. At 3.05pm, the benchmark FBM KLCI was up 19.28 points at 1,801.03.

Asia stocks surge on ECB move, oil rallies on Saudi king death

Friday, January 23, 2015 - 11:27

HONG KONG: Asian equity markets rallied Friday after the European Central Bank announced a huge cash injection to kickstart the eurozone economy, while crude prices surged on news that the monarch of oil kingpin Saudi Arabia had died.

Gold rises above US$1,300 a tonne, following ECB’s multi-billion bond-buying programme

Friday, January 23, 2015 - 11:25

SINGAPORE: Gold steadied above $1,300 a tonne on Friday, near its strongest level in five months, after the European Central Bank launched a multi-billion bond-buying programme to invigorate the euro zone economy.

Pages