KUALA LUMPUR: The Malaysian Rubber Glove Manufacturers Association (Margma) said glove pricing is set to rise as the cost of nitrile and natural latex has surged by more than 55 per cent.
KUALA LUMPUR: As widely anticipated, Bank Negara Malaysia left the Overnight Policy Rate (OPR) unchanged at 3.00 per cent.
KUALA LUMPUR: Malaysia’s automotive sales have hit their lowest level in six years to 580,124 units in 2016.
KUALA LUMPUR: There would not be any cannibalism to domestic elements with continuous inflows of foreign investments, especially from China, said InvestKL chief executive officer Datuk Zainal Amanshah.
KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has lowered its growth outlook this year to 4.5 per cent, saying external demand is not likely to be as strong as expected.
KUALA LUMPUR: AXIATA Group Bhd has raised US$600 million (RM2.7 billion) from its record maiden private placement of a substantial stake in edotco Group.
KUALA LUMPUR: The ringgit retreated from yesterday’s gains to open slightly lower against the US dollar today on renewed concerns over a possible US interest rate rise, dealer said.
KUALA LUMPUR: TCRS Restaurants Sdn Bhd, operator of 88 The Chicken Rice Shop outlets in Malaysia, expects to see 19 per cent growth in sales in 2017, compared to 2016.
KUALA LUMPUR: Integrated property developer M101 Group will receive financial support from China Huashi Enterprise Co Ltd for its iconic M101 Skywheel project following a partnership deal between the two property players yesterday.
KUALA LUMPUR: The ringgit continued its upward momentum from yesterday’s close to open higher against the US dollar on Wednesday as more investors shifted interest towards emerging currencies, dealers said.
KUALA LUMPUR, Jan 18 – Shares on Bursa Malaysia opened higher today on bullish sentiment as fears over the Brexit impact eases, dealers said.
KUALA LUMPUR: Toyo Ink Group Bhd yesterday inked a memorandum of agreement (MoA) with the Department of Natural Resources and Environment of Hau Giang Province (Hau Giang DONRE) in Vietnam.
KUALA LUMPUR: We are not using the money from the stake sale in Maybank to help pay for the stake buy in Indonesia’s PT Eagle High Plantations Tbk, said newly-appointed Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Abdul Samad.
KUALA LUMPUR: The ringgit has been stable amidst global uncertainties and developments in the United States as markets anticipate policy details by the incoming Donald Trump administration.
Excerpts from the final part of a NST Business interview with Malaysia Airlines Bhd (MAS) group managing director and chief executive officer Peter Bellew.
KUALA LUMPUR: Malaysia Airlines Bhd (MAS) enters the Year of the Rooster with two main goals — to break even by end of this year and be profitable next year while rebuilding its brand as the national carrier of Malaysia.
KUALA LUMPUR: Small-cap stocks will likely outperform the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) with a double-digit growth this year, said analysts.
KUALA LUMPUR: Peter Bellew, 51, the affable group managing director and chief executive officer of Malaysia Airlines Bhd (MAS), is happy to see smiles returning to the faces of staff at the national carrier .
KUALA LUMPUR: Foreign investors are making a comeback to the local equity market with foreigners mopping up RM382.8 million net last week, the highest since the third week of September.
KUALA LUMPUR: Malaysia is establishing a RM30 million fund to improve the mechanisation of oil palm fruit harvesting, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said.
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) recorded an all-time high market share of 35.7 per cent in 2016 despite a lower sales volume of 207,100 units compared to 213,000 units in 2015.
KUALA LUMPUR: A total of RM59.03 billion of the initial RM100 billion fund allocated for Simpanan Shariah 2017 have been snapped up by 635,037 Employee Provident Fund (EPF) members.
KUALA LUMPUR: The ringgit extended losses from Monday to open lower against the US dollar today on growing concerns over expected comments from US Federal Reserve officials later this week, dealers said.
KUALA LUMPUR: HIL Industries Bhd is flexing its way into the property sector, acquiring two companies with approved proposed development projects in Selangor with a combined gross development value (GDV) of RM375.2 million.
KUALA LUMPUR: Mudajaya Group Bhd, currently on an adjudication claim to seek more than RM175 million from CMC Machipex Sdn Bhd, expects the Kuala Lumpur Regional Centre For Arbitration (KLRCA) decision to have a negative impact of RM98.35 million on the group’s earnings.
RIYADH: Low-cost Saudi carrier flynas on Monday signed an US$8.6 billion deal with European plane manufacturer Airbus to purchase 80 A320neo single-aisle jets.
KUALA LUMPUR: The ringgit ended lower against the US dollar today in line with its Asian peers as sentiment turned cautious ahead of comments from Federal Reserve (Fed) officials this week, dealers said.
KOTA KINABALU: Regional carrier MASwings Sdn Bhd will undergo a slight frequency reduction of between three and five per cent (for its 569 weekly flights) to facilitate refurbishment of its planes while on the ground.
KUALA LUMPUR: Shell Malaysia today confirmed that it is currently experiencing technical difficulties with its site system at Shell stations, nationwide.
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