Business

OPR stays at 3.25pc

By RUPA - Friday, 19 September 2014.

BANK Negara Malaysia yesterday maintained the benchmark Overnight Policy

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Ringgit closes lower against US dollar

Friday, September 19, 2014 - 17:37

KUALA LUMPUR: The ringgit closed lower against the US dollar today as investors shifted their interest to the greenback, a dealer said.

Ringgit has biggest weekly decline since August

Friday, September 19, 2014 - 17:34

Malaysia’s ringgit completed the biggest weekly drop since August and bonds rose after the central bank kept the policy rate on hold, just as the US signals it’s moving closer to increasing borrowing costs.

Rubber market ends marginally lower

Friday, September 19, 2014 - 17:30

KUALA LUMPUR: Malaysian rubber prices closed marginally lower today, although the weakening of the ringgit against the US dollar helped cushion the decline, a dealer said.

JICA, MFA to hold Islamic finance course for Palestine

Friday, September 19, 2014 - 17:27

KUALA LUMPUR: The Japan International Cooperation Agency (JICA) and Ministry of Foreign Affairs (MFA) will conduct a course in Islamic finance for Palestinian Monetary Authority officials.

Astro’s Q2 pre-tax profit rises to RM196.07m

Friday, September 19, 2014 - 16:56

KUALA LUMPUR: Astro Malaysia Holdings Bhd's pre-tax profit increased to RM196.07 million for the second quarter ended July 31, 2014, from RM131.55 million in the same period a year ago.

Ranhill Bersekutu eyes partnerships in China

Friday, September 19, 2014 - 16:37

NANNING (China): Ranhill Bersekutu Sdn Bhd, a leading Malaysian engineering company, expects to establish partnerships with Chinese firms to cooperate in the infrastructure industry in China.

Sunway Group bags three awards at MCIEA

Friday, September 19, 2014 - 16:33

KUALA LUMPUR: Sunway Group won three awards at the Malaysian Construction Industry Excellence Awards (MCIEA) 2013 at the International Construction Week (ICW) here.

Dr M: Give more projects to local firms

Friday, September 19, 2014 - 16:28

KUALA LUMPUR: Local construction companies should be given more opportunities to show their credibility to develop buildings of different shapes and heights instead of giving the projects to foreign firms.

AirAsia offers up to 20pc discount at Chennai Travel fair

Friday, September 19, 2014 - 16:24

NEW DELHI: AirAsia, in association with Tourism Malaysia and travel site MakeMyTrip, is hosting a travel fair in Chennai in the southern Indian state of Tamil Nadu.

E&O to focus on 4 key growth areas

Friday, September 19, 2014 - 16:19

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) will focus on operationalising its four growth engines namely the Klang Valley, Penang, Iskandar Malaysia and Central London in the next two to three years.

‘GST not the only factor that would affect prices’

Friday, September 19, 2014 - 16:15

KUALA LUMPUR: The Goods and Services Tax (GST) would not be the only factor affecting price movements when it is implemented in April next year, Deputy Finance Minister Datuk Chua Tee Yong said.

Asia Pacific traders should be less dependent on the West: CACCI

Friday, September 19, 2014 - 16:13

KUALA LUMPUR: Asia-Pacific traders should be less dependent on the West as an engine for growth and look into the abundant opportunities in the region to intensify trading activities, the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) said.

Muhibbah accepts RM157m award for Bintulu’s project

Friday, September 19, 2014 - 16:11

KUALA LUMPUR: Muhibbah Engineering (M) Bhd has been awarded a RM157 million contract for works at the proposed Samalaju Port Development Project for Bintulu Port Holdings Bhd in Bintulu, Sarawak.

KL shares higher mid-afternoon

Friday, September 19, 2014 - 16:04

KUALA LUMPUR: Bursa Malaysia was higher at mid-afternoon today, with buying interest interspersed with minor profit-taking.

KL shares on bullish note mid-morning

Friday, September 19, 2014 - 11:57

KUALA LUMPUR: Share prices on Bursa Malaysia were on a bullish note at mid-morning today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) trading 0.29 per cent higher, in tandem with most of its regional peers following a positive overnight performance on Wall Street.

KL shares up 0.16pc in early trade

Friday, September 19, 2014 - 11:02

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.16 per cent higher this morning, after Bank Negara left the overnight policy rate (OPR) unchanged.