KUALA LUMPUR: TANJUNG Offshore Bhd has suspended three of its officials due to possible conflict of interests and breaches of fiduciary duty, procedure and authority.
KUALA LUMPUR: As widely anticipated by the market, Bank Negara Malaysia kept borrowing costs unchanged at 3.25 per cent.
KUALA LUMPUR: At 5.00 p.m. today, there were 340 gainers, 440 losers and 339 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,795.88 down 7.29 points, the FBMACE was at 6,460.63 up 39.99 points, and the FBMEmas was at 12,359.44 down 39.00 points.
KUALA LUMPUR: The ringgit closed weaker against the US dollar today as investors remained cautious over the outcome of Bank Negara Malaysia (BNM) policy meeting today, dealers said.
KUALA LUMPUR: The ringgit’s depreciation will help boost export competitiveness and tourist arrivals in the country, says the Malaysian Institute of Economic Research (MIER).
SINGAPORE: The Monetary Authority of Singapore (MAS) says it will adjust its monetary policy and allow the Singapore dollar to appreciate at a slower pace.
KUALA LUMPUR: Yinson Holdings Bhd has secured a contract for about US$2.54 billion for the charter, operation and maintenance of a floating production storage and off-loading (FPSO) vessel from Eni Ghana Exploration and Production Ltd.
SINGAPORE: Malaysian long-haul budget carrier AirAsia X is set to announce a rights issue of shares as early as Friday to try and close a growing cash-flow gap, said two sources with direct knowledge of the matter.
RHB Asset Management Sdn Bhd (RHBAM) is targeting to grow its asset under management (AUM) to RM58 billion by the end of this year, from the current RM48.6 billion.
SINGAPORE: Oil fell more than 1 percent on Wednesday as the dollar strengthened in early Asian trade, while an industry report showing a larger-than-expected rise in U.S. crude inventories also dragged on prices.
KUALA LUMPUR; The Malaysian Institute of Economic Research (MIER) said the economy will post an 'exceptionally strong' growth at 5.9 per cent in 2014.Executive director Dr Zakariah Abdul Rashid said actual growth remained well above the 'socially efficient level of output' growth at 5.5 per cent per
KUALA LUMPUR: Eversendai Corp Bhd shares continue to rise for the third consecutive day after the company clinched a RM184 million contract by an Indian firm on Friday.
PUTRAJAYA: Malaysia can use the-soon-to-be set up World Bank office to share the country's successful development experiences.
PUTRAJAYA: The ringgit will trend towards a level reflecting the economy's fundamentals, said Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz.
KUALA LUMPUR: Hua Yang Bhd’s maiden foray into mainland Penang is expected to pave the way for more land acquisitions over the next 12 months, Kenanga Research said.