Business

Fitch’s stable outlook drives ringgit higher

Wednesday, 1 July 2015.

KUALA LUMPUR: – The ringgit opened sharply higher against the US dollar this morning, bolstered by strong demand for the local note after the positive announcement by Fitch Ratings, which revised Malaysia’s outlook to stable.

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Airbus, Mahindra to make military choppers in India

Saturday, July 4, 2015 - 15:50

NEW DELHI: European aerospace giant Airbus and India’s Mahindra group have inked a deal to jointly build helicopters as the Indian government moves to upgrade the country’s ageing military hardware, the companies said.

Tin price to hover at current levels next week

Saturday, July 4, 2015 - 11:36

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) is expected hover around current levels next week on lack of catalyst to push the price upwards, a dealer said

Gold futures to remain volatile next week

Saturday, July 4, 2015 - 11:25

KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives is expected to remain volatile next week on continuous uncertainty over Greece’s debt crisis amid the strengthening US dollar, a dealer said.

Short-term rates to remain stable next week

Saturday, July 4, 2015 - 11:17

KUALA LUMPUR: Short-term interest rates are likely to remain stable next week as Bank Negara Malaysia (BNM) continues its intervention to mop up excess liquidity.

RM to rebound slightly against USD next week

Saturday, July 4, 2015 - 11:09

KUALA LUMPUR: The ringgit is expected to appreciate slightly against the US dollar next week on improved buying interest, a dealer said.

KLCI futures likely to trend lower next week

Saturday, July 4, 2015 - 11:04

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives is likely to trend lower next week in tandem with the bearish outlook for the cash market, said a dealer.

KWAP to allocate RM100m for fund manager

Friday, July 3, 2015 - 15:27

KUALA LUMPUR: The Retirement Fund Inc (KWAP) plans to allocate RM100 million to be managed by a fund manager, adding to the RM1.2 billion currently being managed by existing fund managers.

Bursa Malaysia opens higher on follow through support

Friday, July 3, 2015 - 10:23

KUALA LUMPUR: Bursa Malaysia opened higher today driven by follow through support and persistent buying interest in selected heavyweights, dealers said.

KLCI futures lower in early session

Friday, July 3, 2015 - 10:19

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives opened lower despite an uptrend in the cash market.

Klibor futures untraded at 9.34am

Friday, July 3, 2015 - 10:17

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract on Bursa Malaysia Derivatives was untraded at 9.34am.

Short-term rates to remain stable

Friday, July 3, 2015 - 10:15

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system. BNM estimated today’s liquidity at RM28.01 billion in the conventional system and RM9.99 billion in Islamic funds.

Gold futures opens untraded

Friday, July 3, 2015 - 10:13

KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives opened untraded as at 9.12am.

Ringgit to continue to be volatile

By RUPA DAMODARAN - Thursday, July 2, 2015 - 21:51

KUALA LUMPUR: The ringgit will continue to face volatility as the date draws nearer towards the US Federal Reserve Fund’s expected interest rate normalisation in September, said forex analysts.

1MDB discussed with Fitch prior to rating upgrade

Thursday, July 2, 2015 - 15:55

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) had conversations with Fitch Ratings in advance of the credit rating upgrade on Malaysia in which it discussed the company's current situation.

Ringgit strengthens on rating, risks remain

By RUPA DAMODARAN - Thursday, July 2, 2015 - 12:42

KUALA LUMPUR: The ringgit strengthened 1.2 per cent against the US dollar yesterday following the positive surprise sovereign outlook by Fitch Ratings.

Fitch revises Petronas’ outlook to stable

By RUPA DAMODARAN - Wednesday, July 1, 2015 - 17:57

KUALA LUMPUR: Fitch Ratings has revised the outlook on Petroliam Nasional Bhd's long-term foreign- and local-currency issuer default ratings to stable from negative.

Bursa Malaysia broadly higher

Wednesday, July 1, 2015 - 16:19

KUALA LUMPUR: Bursa Malaysia was broadly higher at mid-afternoon today helped by the overnight Fitch Ratings’ upgrade on Malaysia’s outlook.

Equity market to rebound in second half

Wednesday, July 1, 2015 - 14:45

KUALA LUMPUR: – Investment management company, Pacific Mutual Fund Bhd, expects a rebound in the Malaysian equity market in the second half of this year after a significant pull-back in the second quarter of 2015.

Fitch Ratings revises outlook on TM to Stable

Wednesday, July 1, 2015 - 13:24

KUALA LUMPUR: FITCH Ratings has affirmed Telekom Malaysia Bhd’s (TM) long-term foreign-currency issuer default rating at 'A-', and revised the outlook to stable from negative.

Fitch’s stable outlook eases pressure on ringgit

Wednesday, July 1, 2015 - 12:19

KUALA LUMPUR: – The latest rating by Fitch Ratings on Malaysia’s outlook sparks positive sentiment in the local foreign exchange market, lifting the ringgit higher against the US dollar this morning.

Irwan Serigar: Fitch’s latest assessment a recognition of Malaysia’s continuous efforts

Wednesday, July 1, 2015 - 12:17

KUALA LUMPUR: – The latest assessment on Malaysia’s credit rating by Fitch Ratings is a recognition of the government’s continuous efforts in embracing structural reforms to build a sustainable, inclusive and competitive economy, said Tan Sri Dr Mohd Irwan Serigar Abdullah.

Bursa Malaysia extends gains to open higher

Wednesday, July 1, 2015 - 10:37

KUALA LUMPUR: Bursa Malaysia extended its gains to open higher today as the latest ratings by Fitch on Malaysia’s outlook fueled optimism on the country’s economy, dealers said.

Fitch’s stable outlook drives ringgit higher

Wednesday, July 1, 2015 - 10:34

KUALA LUMPUR: – The ringgit opened sharply higher against the US dollar this morning, bolstered by strong demand for the local note after the positive announcement by Fitch Ratings, which revised Malaysia’s outlook to stable.

Bursa Malaysia up on technical rebound

Tuesday, June 30, 2015 - 18:28

KUALA LUMPUR: Bursa Malaysia ended higher today on technical rebound after Monday’s steep decline, bolstered by gains in the consumer and key finance counters, a dealer said.

Ringgit closes firmer against US Dollar

Tuesday, June 30, 2015 - 18:10

KUALA LUMPUR: The ringgit pared yesterday’s losses to close firmer against the US dollar, bolsterd by commercial demand, dealers said. At 5 pm, the local note was quoted at 3.7740/7770 against the greenback from 3.7825/7855 on Monday.

PNB declares 3.45 sen income distribution for ASN2

Tuesday, June 30, 2015 - 16:54

KUALA LUMPUR: Amanah Saham Nasional Bhd, a subsidiary of Permodalan Nasional Bhd (PNB), declared an income distribution of 3.45 sen per unit for the Amanah Saham Nasional 2 (ASN 2) fund for the financial year ending June 30, 2015.

KL shares remain positive

Tuesday, June 30, 2015 - 16:05

KUALA LUMPUR: Bursa Malaysia remained in positive territory at mid-afternoon today, in line with the regional markets despite Greece’s debt crisis, a dealer said.

Sony plunges 8.25pc on massive share sale plan

Tuesday, June 30, 2015 - 15:26

Tokyo: Shares in Sony plunged 8.25 percent Tuesday on dilution fears after the Japanese electronics giant announced plans to raise US3.6 billion through stock and bond sales.

Asia markets rebound, Shanghai sees more volatility

Tuesday, June 30, 2015 - 15:18

HONG KONG: Asian markets rebounded Tuesday after the previous day’s rout, despite Greece being just hours away from default, while Shanghai surged in volatile trading that saw swings of more than nine percent.

1MDB’s Bandar Malaysia receives significant interest

By ZARINA ZAKARIAH - Tuesday, June 30, 2015 - 13:10

KUALA LUMPUR: A significant number of developers have expressed their interest to develop the Bandar Malaysia under the purview of master developer 1Malaysia Development Bhd Real Estate (1MDB RE).