Business

Malaysia on track to achieve high income status:IMF

By RUPA DAMODARAN - Wednesday, 4 March 2015.

KUALA LUMPUR: Malaysia is on track to reach high income status in five years due to skillful economic management amidst an uneven global recovery, says the International Monetary Fund.

Latest

Ringgit ends lower against USD

Wednesday, March 4, 2015 - 17:47

KUALA LUMPUR: The ringgit eased against the US dollar in late trading today as the greenback firmed up in most overseas markets due to a stronger buying support, a trader said.

CPO price in 2015 to average US770 per tonne, Indonesia major swing factor

Wednesday, March 4, 2015 - 17:46

KUALA LUMPUR: Crude palm oil (CPO) is expected to trade at an average of US$770 (US$1=RM3.62) per tonne in Rotterdam this year supported by low stocks and renewed demand from India and China.

Bursa Malaysia 10 most active counters

Wednesday, March 4, 2015 - 17:45

COUNTER TURNOVER HIGH LOW L/DONE UP/DOWN (UNITS) (SEN) (SEN) (SEN) (SEN) ============================================================== NEXGRAM 152,820,200 12.5 11 11 - 0.5

Last minute bargain hunting lifts Bursa Malaysia to close slightly higher

Wednesday, March 4, 2015 - 17:42

KUALA LUMPUR: Last minute bargain hunting in selected finance counters lifted share prices to end slightly higher on Bursa Malaysia today, dealers said.

CPO to average RM2,260 a tonne: Analyst

Wednesday, March 4, 2015 - 16:39

KUALA LUMPUR: The price of crude palm oil (CPO), which is very much underpinned by crude oil prices, is expected to average at RM2,260 a tonne in the first half of this year and RM1,770 a tonne in the second half.

Malaysia on track to achieve high income status:IMF

By RUPA DAMODARAN - Wednesday, March 4, 2015 - 07:29

KUALA LUMPUR: Malaysia is on track to reach high income status in five years due to skillful economic management amidst an uneven global recovery, says the International Monetary Fund.

MPOC: Europe remains challenging market for palm oil

Tuesday, March 3, 2015 - 21:34

KUALA LUMPUR: Europe remains a challenging market for the palm oil industry due to various campaigns against the commodity in the region, says the Malaysian Palm Oil Council (MPOC).

TM, TT dotCom to install submarine cable

Tuesday, March 3, 2015 - 21:30

KUALA LUMPUR: Telekom Malaysia Bhd (TM) and TT dotCom Sdn Bhd (TTdC) are set to jointly install a submarine cable connecting Peninsular Malaysia, Sabah and Sarawak.

M’sia upbeat on hitting US$160b bilateral trade with China

Tuesday, March 3, 2015 - 17:53

KUALA LUMPUR: Malaysia remains confident of achieving its bilateral trade target of US$160 billion (US$1=RM3.63) with China by 2017 despite the MH370 flight incident, says the Ministry of International Trade and Industry.

Bursa Malaysia closes higher

Tuesday, March 3, 2015 - 17:46

KUALA LUMPUR: Bursa Malaysia ended higher today on continued buying in selective heavyweights, as bargain hunters emerged after yesterday’s losses, dealers said.

5 funds get ACMF nod

Tuesday, March 3, 2015 - 16:34

KUALA LUMPUR: The Asean Capital Markets Forum (ACMF) meeting today announced the authorisation for five new funds as Qualifying Collective Investment Schemes (CIS) under the Asean framework for cross-border offering of CIS.

Brent crude up to over US$60.50

Tuesday, March 3, 2015 - 15:48

SINGAPORE: Brent crude oil prices rose more than a dollar to above $60.50 a barrel on Tuesday, tracking firmer Asian markets, but analysts warned the market remained oversupplied.

CGC, OCBC Al-Amin to boost unsecured business financing for SMEs to RM1b

Tuesday, March 3, 2015 - 15:16

KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) and OCBC Al-Amin Bank Bhd plan to disburse RM1 billion in unsecured business financing for small and medium enterprises (SMEs) by year-end.

M’sia, S’pore and Thai ink a deal to expedite access to capital

By Rupa Ddamodaran - Tuesday, March 3, 2015 - 15:16

KUALA LUMPUR: The Securities Commission of Malaysia (SC) today signed a memorandum of understanding (MoU) with the Monetary Authority of Singapore (MAS) and the Securities and Exchange Commission of Thailand (SEC) as well as the Singapore Exchange to enhance Asean’s attractiveness as fund-raising ce

Oriental’s unit acquires 90pc stake in PT Surya Agro

Tuesday, March 3, 2015 - 14:55

KUALA LUMPUR: OAM Asia (Singapore) Pte Ltd (OAMA) has acquired 90 per cent stake in PT Surya Agro Persada (SAP) for RM98.321 million, Oriental Holdings Bhd (OHB) said in a filing to Bursa Malaysia.

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