KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday on short covering and mild profit-taking, a currency trader said.
KUALA LUMPUR: The Malaysian rubber market ended mixed yesterday, putting a halt to three straight days of losses, following the uptrend on regional markets and higher-than-expected Chinese purchasing data.
KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed lower yesterday on lack of buying support.
LONDON: Brent crude dipped below US$108 a barrel yesterday as unseasonably weak demand from European refiners and plentiful supplies offset strong Chinese factory data.
KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives rebounded yesterday, propped up by a stronger soyabean market.
SEPANG: Malaysia Airports Holdings Bhd (MAHB) is confident that its passenger traffic will hit 85 million this year.
REACH Energy Bhd, which is set to be the largest special purpose acquisition (SPA) company listed on Bursa Malaysia, has placed out 980 million shares to cornerstone and institutional investors, leaving only 20 million shares for the public to subscribe for under its initial public offering (IPO).
KUALA LUMPUR: Boustead Holdings Bhd has expanded its properties abroad with the acquisition of Hyde Park Hotel in London for RM138.98 million.
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) is buying the 51 per cent stake held by Pelaburan Hartanah Bhd in Penang Sentral Sdn Bhd for RM50.75 million.
KUALA LUMPUR: Khazanah Nasional Bhd has described reports of a possible merger between Malaysia Airlines (MAS) and AirAsia X Bhd as unfounded and speculative.
CELCOM Axiata Bhd recently launched the Celcom First ONE Plan.
KUALA LUMPUR: Global jewellery retailer Joyalukkas Group has received the Superbrands recognition for the fifth time in a row.
KUALA LUMPUR: Bank Islam Malaysia Bhd has received International Banker Awards recognition in three categories — Best Chief Executive Officer (CEO), Customer Service and Islamic Banking.
He was previously with KL Mutual Fund Bhd before joining Dibena Enterprise Sdn Bhd, one of the stakeholding companies of Datasonic, and became a director of Datasonic Corporation Sdn Bhd in 2006.
THERE is a stronger case for the government to embark on subsidy-rationalisation measures in Malaysia as across-the-board subsidies for essential products such as fuel tend to benefit the richest segment of the population.
MIDF Research has kept its “neutral” call on Westports Holdings Bhd, with a revised target price of RM2.95 from RM2.88 previously on the back of its better-than-expected net profit of RM231.5 million in the first half of this year.
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