Global central bankers don’t see Yuan devaluation on horizon

Monday, April 20, 2015 - 19:46

GLOBAL central bankers don’t expect Chinese officials to devalue their currency as part of a widening campaign to boost output in the world’s

KL shares end mixed

Monday, April 20, 2015 - 17:43

KUALA LUMPUR: Shares on Bursa Malaysia ended mixed today, recouping earlier losses on mild buying interest in selected finance and plantation counters, dealers said.

US rate hike must happen soon to reduce market volatility

Monday, April 20, 2015 - 17:15

KUALA LUMPUR: – Interest rates hike by the United States Federal Reserve (Fed) must happen this year as the uncertainty on the timing of the hike is causing volatility in regional markets.

PR1MA house prices remain unchanged

Monday, April 20, 2015 - 16:00

KUALA LUMPUR: – Perumahan Rakyat 1Malaysia (PR1MA) Bhd has reiterated that its homes have always been priced at between RM100,000 and a maximum of RM400,000.

EPF pulls off best valuation possible for London property

Monday, April 20, 2015 - 15:57

KUALA LUMPUR: The sale of One Sheldon Square in London to British Land, the UK’s largest real estate company, for 210 million pounds (£1 = RM5.39) is the highest price ever fetched for a property in the city’s history, the Employees’ Provident Fund (EPF) said.

Terberg Tractors clinches RM58m Westports contract

Monday, April 20, 2015 - 14:47

KUALA LUMPUR: – Terberg Tractors Malaysia Sdn Bhd (TTM), a joint-venture between Terberg Group and Sime Darby Industrial Sdn Bhd, has won a RM58 million contract from Westports Malaysia Sdn Bhd to supply new terminal tractors.

EPF launches 4 initiatives to improve current pension scheme

Monday, April 20, 2015 - 14:20

KUALA LUMPUR: The Employees Provident Fund (EPF) has launched four initiatives to improve the current scheme, including aligning the full withdrawal age with the minimum retirement age as determined by the government.

Public Bank’s Q1 pre-tax profit up 12.2pc to RM1.49b

Monday, April 20, 2015 - 14:14

KUALA LUMPUR: Public Bank Bhd’s pre-tax profit for the first quarter ended March 31, 2015 grew by 12.2 per cent to RM1.49 billion from RM1.34 billion a year ago.

BNM governor defends Malaysia’s fiscal direction, says ringgit undervalued

Monday, April 20, 2015 - 12:17

WASHINGTON: Malaysia’s central bank Governor Tan Sri Zeti Akhtar Aziz said the nation’s fiscal position is improving and the ringgit is undervalued even as growth prospects weaken, in a rebuttal to Fitch Ratings and investors who have soured on the country in recent months.

CIMB recommends accumulating SapuraKencana shares

Monday, April 20, 2015 - 12:13

KUALA LUMPUR: CIMB Research has recommended investors accumulate SapuraKencana Petroleum shares, saying the company’s robust order backlog of RM25.7 billion and good leverage in the international market gives it an edge over its peers.

China’s biggest auto show opens amid growth slowdown

Monday, April 20, 2015 - 12:08

SHANGHAI: Global car makers showed off hundreds of vehicles in China’s commercial hub Shanghai on Monday, as the world’s biggest auto market continues to attract despite a sharp deceleration in sales growth.

Growth prospects in Malaysia’s insurance industry to drive M&As: Fitch

By RUPA DAMODARAN - Monday, April 20, 2015 - 11:50

KUALA LUMPUR: INTERNATIONAL ratings agency Fitch Ratings expects the attractive growth prospects in Malaysia’s insurance industry to boost more mergers and acquisition (M&A) activities in the near term.

Samsung removes logo on smartphones in Japan

Monday, April 20, 2015 - 11:14

SEOUL: Samsung has removed its corporate logo from its new smartphones sold in Japan, a company spokeswoman confirmed Saturday.

Klibor futures untraded

Monday, April 20, 2015 - 10:33

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts on Bursa Malaysia Derivatives were untraded at 9.57 am.