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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Bank Negara to maintain benchmark rate at 3.25pc into 2016

Friday, January 30, 2015 - 18:39

KUALA LUMPUR: Bank Negara Malaysia (BNM) is likely to maintain its overnight policy rate (OPR) at 3.25 per cent into 2016, said Standard & Poor’s (S&P) Ratings Services today.

AirAsia X confirms Azran’s exit

Friday, January 30, 2015 - 18:15

KUALA LUMPUR: AirAsia X has announced the exit of its chief executive officer Azran Osman Rani with effect from January 30, 2015.

Govt to set up automotive council within two months

Friday, January 30, 2015 - 16:44

KUALA LUMPUR: The government will establish an automotive council within two months to provide a platform for policy makers to interact with industry players.

Car price reduction target of 20 per cent can be achieved by 2017

Friday, January 30, 2015 - 15:55

KUALA LUMPUR: The government is confident that the car price reduction target of 20 per cent by the end of 2017 can be achieved, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.

Moody's affirms Malaysia's A3 rating, outlook remains positive

Friday, January 30, 2015 - 15:00

KUALA LUMPUR: Moody’s has affirmed its A3 positive rating outlook for Malaysia, saying the outlook remains positive.

Trade Minister to provide updates on NAP 2014 tomorrow

By RUPA DAMODARAN - Thursday, January 29, 2015 - 20:53

KUALA LUMPUR: The National Automotive Policy 2014 update is on the tap by the International Trade and Industry Minister Datuk Seri Mustapa Mohamed tomorrow.

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.

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