Business

Malakoff IPO institutional offer oversubscribed more than 2 times

Friday, 17 April 2015.

KUALA LUMPUR: Institutional investors bought into Malaysia's biggest listing in nearly three years, oversubscribing an initial public offering by Malakoff Corporation Bhd worth up to US$756 million by more than two times, according to three people with direct knowledge of the matter.

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Bank Negara and Bank of China renew bilateral currency swap deal

Saturday, April 18, 2015 - 15:49

KUALA LUMPUR: Bank Negara Malaysia (BNM) and the People’s Bank of China signed an agreement today to renew the currency swap arrangement for another three-years, with the size maintained at RM90 billion(RMB180 billion).

Short-term rates expected to remain stable next week

Saturday, April 18, 2015 - 12:50

KUALA LUMPUR: Short-term rates are expected to remain stable next week on Bank Negara Malaysia’s (BNM) intervention in the money market to absorb surplus liquidity.

Gold futures to trade at current level next week

Saturday, April 18, 2015 - 12:48

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives is expected to trade at the current level of between RM143 a gramme and RM145.50 a gramme next week.

Ringgit to advance further against Greenback next week

Saturday, April 18, 2015 - 12:45

KUALA LUMPUR: The ringgit is expected to advance further against the US dollar next week, spurred by positive market sentiment amid a retreat by the US dollar.

Bursa likely to trade higher next week

Saturday, April 18, 2015 - 11:32

KUALA LUMPUR: Shares on Bursa Malaysia are expected to trade higher next week supported by positive regional and domestic sentiment.

KLCI futures likely to test 1,850 pts level next week

Saturday, April 18, 2015 - 11:30

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives is expected to be well bid next week with the key index expected to test the 1,850-points level.

CPO futures to trade higher next week

Saturday, April 18, 2015 - 11:28

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade higher next week.

Rubber to trade mixed next week

Saturday, April 18, 2015 - 11:25

KUALA LUMPUR: The Malaysian rubber market is likely to trade mixed next week, in tracking crude oil prices and the ringgit’s movement, a dealer said.

Uncertainty surrounds KLTM next week on lack of market moving news

Saturday, April 18, 2015 - 11:24

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) is likely to be in an uncertain mode next week due to the absence of market moving news, a dealer said.

Malakoff IPO institutional offer oversubscribed more than 2 times

Friday, April 17, 2015 - 21:55

KUALA LUMPUR: Institutional investors bought into Malaysia's biggest listing in nearly three years, oversubscribing an initial public offering by Malakoff Corporation Bhd worth up to US$756 million by more than two times, according to three people with direct knowledge of the matter.

Malaysia’s credit worthiness continues to be high, says economist

Friday, April 17, 2015 - 17:30

KUALA LUMPUR: Contrary to brickbats hurled by critics over its financial standing, renowned economist Dr Yeah Kim Leng says Malaysia’s creditworthiness continues to rank highly among international investors as evident by the success chalked by the US$1.5 billion sukuk issued by the government.

US-Asean Business Council lauds legislation

By RUPA DAMODARAN - Friday, April 17, 2015 - 17:26

KUALA LUMPUR: The US-ASEAN Business Council has lauded the decision of the US lawmakers to renew the Trade Promotion Authority which will enable the US to give the go-ahead for the Trans Pacific Partnership.

Brent crude oil prices fall as OPEC production soars

Friday, April 17, 2015 - 16:02

SINGAPORE: Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut.

Samsung to ensure enough stocks to meet overwhelming response

Friday, April 17, 2015 - 15:50

KUALA LUMPUR: – Samsung Malaysia Electronics Sdn Bhd will re-stock the Samsung Galaxy S6 Edge in Gold Platinum to meet the overwhelming response from Malaysian consumers.

OSK Property expects to maintain growth

Friday, April 17, 2015 - 15:44

KUALA LUMPUR: – OSK Property Holdings Bhd expects to maintain growth this year, bolstered by new project launches worth around RM1 billion in gross development value (GDV).

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