Business

Big potential in Islamic ETFs

By LIDIANA - Wednesday, 17 September 2014.

ISLAMIC Exchange-Traded Funds (ETFs) can be the next big thing for Malaysia after the sukuk which has made the country the world’s largest and most liquid Islamic bond market.

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BA to resume KL-London flight from May 27, 2015

By FRANCIS DASS - Wednesday, September 17, 2014 - 17:08

KUALA LUMPUR: British Airways announced today that it will resume direct flights from Kuala Lumpur to London from May 27, 2015.

Malaysia’s current account surplus, liquidity can absorb external financial shocks: Moody’s

Wednesday, September 17, 2014 - 16:35

KUALA LUMPUR: The current account surplus and its ample domestic liquidity serve as “buffers” to potential external financial shocks to Malaysia, said Moody’s Investors Service.

Pikom hopes govt will exempt ICT products from GST

Wednesday, September 17, 2014 - 16:05

KUALA LUMPUR: The National Information and Communications Technology (ICT) Association of Malaysia (Pikom) is proposing to the government to exempt ICT products from the Goods and Services Tax (GST).

KL shares easier at mid-afternoon

Wednesday, September 17, 2014 - 16:01

KUALA LUMPUR: Shares on Bursa Malaysia were easier at mid-afternoon today on cautious trading.

GST likely to reduce prices of Mercedes cars

Wednesday, September 17, 2014 - 15:40

SHAH ALAM: The introduction of the Goods and Services Tax (GST) next year is likely to reduce the prices of Mercedes Benz cars.

Malaysia, Indonesia eye Indian vegetable oil mart

Wednesday, September 17, 2014 - 14:39

NEW DELHI: Malaysia and Indonesia, the world's major producers of vegetable oil, are eyeing India's US$10 billion market, Business Standard reported.

Genting plans to raise RM1.5b from debut bond sale

Wednesday, September 17, 2014 - 14:32

Genting Malaysia Bhd, a unit of Southeast Asia’s largest casino operator by market value, plans to raise RM1.5 billion (US$466 million) in its debut bond sale, two people familiar with the matter said.

Oil prices down in Asian trade

Wednesday, September 17, 2014 - 14:17

SINGAPORE: Oil prices fell in Asia Wednesday as dealers squared positions following sharp gains in the previous session that were stoked by indications the OPEC cartel will cut its production target next year.

Telenor sees higher mobile penetration in Malaysia

Wednesday, September 17, 2014 - 14:09

KUALA LUMPUR: Norways's Telenor Group, a parent company of Digi Telecommunications Bhd, sees Malaysia having the potential of higher penetration in terms of mobile and Internet users among Asian countries, thanks to its good regulatory framework in place.

Sultan Nazrin, the Royal Patron for Islamic finance initiative

Wednesday, September 17, 2014 - 14:02

KUALA LUMPUR: The Sultan of Perak, Sultan Nazrin Muizzuddin Shah, has graciously consented to be the Royal Patron for Malaysia’s Islamic Finance Initiative, Bank Negara Malaysia announced today.

KL shares dip 0.20pc at mid-day

Wednesday, September 17, 2014 - 13:54

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended the morning session 3.68 points or 0.20 per cent easier at 1,843.62, dragged down by losses in selected blue chips.

Tin closes US$100 higher on technical correction

Wednesday, September 17, 2014 - 13:01

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$100 higher today at US$21,200 a tonne on technical correction, dealers said.

KL shares lower mid-morning

Wednesday, September 17, 2014 - 11:53

KUALA LUMPUR: Share prices on Bursa Malaysia remained mixed at mid-morning today on lack of fresh local leads.

CPI seen to grow at 3.2pc in August

By RUPA DAMODARAN - Wednesday, September 17, 2014 - 11:49

KUALA LUMPUR: The Consumer Price Index, the official barometer used to measure the inflation, is expected to indicate stability in price pressures for the month of August.

Ringgit strengthens most in three weeks

Wednesday, September 17, 2014 - 11:25

The ringgit rose the most in three weeks as a report that China is stepping up economic stimulus tempered concern a slowdown in Malaysia’s second-biggest export market will deepen.

MCKIP to achieve RM10b investment by 2015

Wednesday, September 17, 2014 - 11:20

NANNING (China): The Malaysia-China Kuantan Industrial Park (MCKIP) is expected to achieve its targeted investment volume of RM10 billion by next year.