Business

US targets over US$500m investments in Malaysia

By RUPA DAMODARAN - Wednesday, 6 May 2015.

KUALA LUMPUR: US businesses are targeting more than US$500 million in new investments to come into Malaysia over the next three to five years says the US-ASEAN Business Council.

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US targets over US$500m investments in Malaysia

By RUPA DAMODARAN - Wednesday, May 6, 2015 - 12:38

KUALA LUMPUR: US businesses are targeting more than US$500 million in new investments to come into Malaysia over the next three to five years says the US-ASEAN Business Council.

Malaysians capitalising on London’s property investment

Wednesday, May 6, 2015 - 12:01

KUALA LUMPUR: Malaysia is among the countries that is capitalising the lucrative and transparent real estate market in London, United Kingdom.

Klibor futures untraded

Wednesday, May 6, 2015 - 10:09

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract on Bursa Malaysia Derivatives was untraded at 9.45 am.

KLCI futures opens lower

Wednesday, May 6, 2015 - 10:08

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives opened lower this morning.

Short-term rates to remain stable

Wednesday, May 6, 2015 - 10:07

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 higher against US Dollar on renewed buying interest

Wednesday, May 6, 2015 - 10:05

KUALA LUMPUR: The ringgit rebounded from yesterday’s losses to open higher against the US dollar today on renewed buying interest, a dealer said.

FTSE Bursa Malaysia update

Wednesday, May 6, 2015 - 09:44

KUALA LUMPUR: At 9.30 a.m. today, there were 153 gainers, 176 losers and 208 counters traded unchanged on the Bursa Malaysia.

FBM KLCI opens lower

Wednesday, May 6, 2015 - 09:37

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower in line with the weaker performance on Wall Street overnight.

BG chief welcomes US$70b Shell offer with ‘mixed emotions’

Tuesday, May 5, 2015 - 21:30

LONDON: BG Chief Executive Helge Lund on Tuesday welcomed with “mixed emotions” Royal Dutch Shell’s $70 billion takeover bid, which came only two months after he took office.

UBS’s profit almost doubles on leaner investment bank

Tuesday, May 5, 2015 - 21:27

ZURICH: Switzerland’s UBS reported its biggest quarterly profit in nearly five years on Tuesday, justifying the bank’s decision to refocus on wealth management and slim down its investment bank.

US trade deficit largest since 2008 as imports surge

Tuesday, May 5, 2015 - 21:13

WASHINGTON: The U.S. trade deficit surged to its highest level in nearly 6-1/2 years in March as imports rebounded strongly after being held down by a labor dispute at key West Coast ports, suggesting growth contracted in the first quarter.

EU competition watchdog eyes McDonald’s over taxes

Tuesday, May 5, 2015 - 21:01

BRUSSELS: — The European Union’s competition watchdog has U.S. fast-food giant McDonald’s in its sights.

KLCC REIT Q1 pre-tax profit falls to RM230.93m

Tuesday, May 5, 2015 - 20:58

KUALA LUMPUR: KLCC Real Estate Investment Trust’s (REIT) pre-tax profit decreased to RM230.93 million for the first quarter ended March 31, 2015 from RM243.68 million registered in the same period last year.

VW eyes return to ‘calmer waters’ after leadership battle

Tuesday, May 5, 2015 - 20:53

HANOVER, Germany: Following a bitter power struggle in recent weeks, German auto giant Volkswagen is hoping to return to “calmer waters” and concentrate on its business of building cars, its chief executive Martin Winterkorn said Tuesday.

M’sia on foreign investors’ radar, says JP Morgan

Tuesday, May 5, 2015 - 20:47

KUALA LUMPUR: – Leading global financial services firm JP Morgan said foreign investors are continuing to pursue opportunities in the Malaysian market.

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