Business

No changes in GDP growth upgrade following plunging oil prices: Merrill Lynch

By RUPA DAMODARAN - Friday, 23 January 2015.

KUALA LUMPUR: Lower oil prices have yet to result in any sizeable goss domestic product (GDP) growth upgrade for emerging Asia, partly because of slowing global growth outside the US, said Bank of America Merrill Lynch.

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MISC’s LNG to contract but petroleum to be better: TA Securities

Thursday, January 29, 2015 - 00:26

KUALA LUMPUR: TA Securities expects varied performance in MISC Bhd's two key shipping segments, namely liquified natural gas (LNG) and petroleum in the fourth quarter ended December 31, 2014.

Sasbadi risks losing textbook tenders: HLIB

Thursday, January 29, 2015 - 00:20

KUALA LUMPUR: SASBADI Holdings Bhd may be at risk of losing textbook tenders from the Education Ministry but its online business is set to benefit from the migration towards the online platform in education, says HLIB Research.

Tanjung Offshore suspends 3 officials for possible breaches of fiduciary, procedure, authority

Wednesday, January 28, 2015 - 20:41

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.

Bank Negara maintains inter-bank lending rate at 3.25pc

By RUPA DAMODARAN - Wednesday, January 28, 2015 - 18:08

KUALA LUMPUR: As widely anticipated by the market, Bank Negara Malaysia kept borrowing costs unchanged at 3.25 per cent.

FTSE Bursa Malaysia update: 5.00pm

Wednesday, January 28, 2015 - 17:29

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.

Ringgit closes weaker against US dollar

Wednesday, January 28, 2015 - 17:27

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.

MIER: Ringgit’s depreciation will boost exports, tourist arrivals

Wednesday, January 28, 2015 - 15:47

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 to slow down appreciation of currency

Wednesday, January 28, 2015 - 15:44

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.

Yinson secures US$2.54 billion FPSO contract in Ghana

Wednesday, January 28, 2015 - 15:32

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.

AirAsia X plans rights issue funding, management shakeup

Wednesday, January 28, 2015 - 14:23

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.

RHBAM upbeat on growth this year

Wednesday, January 28, 2015 - 12:57

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.

Oil drops more than 1pc on firm dollar, US stock build

Wednesday, January 28, 2015 - 11:21

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.

MIER tags Malaysia’s 2014 economic growth at 5.9pc

Wednesday, January 28, 2015 - 11:03

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

Market reacts positively to Eversendai’s contract in Mumbai

Wednesday, January 28, 2015 - 09:34

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.

Malaysia to share its success stories through World Bank’s new office

By RUPA DAMODARAN - Wednesday, January 28, 2015 - 09:30

PUTRAJAYA: Malaysia can use the-soon-to-be set up World Bank office to share the country's successful development experiences.

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