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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Unlocking new markets

By SHAREN - Friday, September 19, 2014 - 01:00

THERE is huge potential for the local real estate market for new homes to be expanded if developers focus on design quality.

Consumer preferences drive innovative designs

Friday, September 19, 2014 - 00:54

HIJJAZ Kasturi Associate Sdn Bhd (HKAS) senior associate, Mohd Amir Hamzah Abdul Rahman, said innovation today is driven by a purchaser’s behaviourial change.

Brent ends lower on ample supply

Friday, September 19, 2014 - 00:45

NEW YORK: Oil traded lower yesterday, pressured by ample supply and concern over a weakening of demand growth in major consumer nations, as well as by a rise in the US dollar.

KLIBOR futures ends untraded

Friday, September 19, 2014 - 00:44

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract ended untraded yesterday.

KLTM closes US$100 higher on technical correction

Friday, September 19, 2014 - 00:44

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$100 higher yesterday at US$21,200 a tonne on technical correction, dealers said.

Gold falls as COMEX hits 8.5-month low

Friday, September 19, 2014 - 00:43

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives continued to close lower yesterday, tracking New York Commodity Exchange's (Comex) gold futures which hit an 8.5-month low.

CPO mixed on profit taking

Friday, September 19, 2014 - 00:42

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed mixed yesterday on profit-taking, a dealer said.

Ringgit closes lower against US$

Friday, September 19, 2014 - 00:39

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

Rubber mixed in thin trade

Friday, September 19, 2014 - 00:38

KUALA LUMPUR: Malaysian rubber prices closed mixed yesterday amid thin trade, weighed by concerns on supply and the ringgit performance, a dealer said.

1MDB said to be planning RM8.4b sukuk

Friday, September 19, 2014 - 00:37

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) is said to be in the midst of selling up to RM8.4 billion worth of sukuk, the largest globally so far this year.

RHB Islamic co-manages HK US$1b sukuk issuance

Friday, September 19, 2014 - 00:33

RHB Banking Group’s Islamic banking arm, RHB Islamic Bank, co-managed Hong Kong government’s inaugural US$1 billion (RM3.24 billion) sukuk issuance, marking the world’s first US dollar-denominated sukuk originated by a “AAA”-rated government.

‘Weststar invites bank pitches for 2015 IPO’

Friday, September 19, 2014 - 00:32

KUALA LUMPUR/SINGAPORE: Malay-sian helicopter operator Weststar Aviation Services, partly owned by United States private equity company KKR & Co, is inviting banks to pitch for a share listing slated for 2015, sources said.

Fed rate hike expected in March 2015

Friday, September 19, 2014 - 00:31

KUALA LUMPUR: The revisions to the United States Federal Reserve (Fed) fund’s projections suggest a higher probability of a rate hike closer towards March 2015.

Vehicles sales rev up in August

By CHERYL YVONNE ACHUKUALA - Friday, September 19, 2014 - 00:31

POSITIVE consumer sentiment drove vehicle sales higher in August with 51,125 units sold versus 51,106 units sold in the same month last year.

Air Selangor to discuss water asset sale soon

Friday, September 19, 2014 - 00:30

KUALA LUMPUR: Pengurusan Air Selangor (Air Selangor), the Selangor government’s new special purpose vehicle (SPV), is waiting for the four concessionaires to discuss the water asset sale with their shareholders within the next two months.

RM20b for 10MP projects

Friday, September 19, 2014 - 00:29

KUALA LUMPUR: Some RM20 billion worth of construction works for new highways under the 10th Malaysia Plan (10MP) are expected to commence next year pending final approval, said Works Minister Datuk Fadillah Yusof.