KUALA LUMPUR: Short-term interbank rates closed steady yesterday following Bank Negara Malaysia’s (BNM) intervention to absorb surplus liquidity from the financial system.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) traded lower yesterday, influenced by the downtrend in other metal prices, a dealer said.
KUALA LUMPUR: Gold futures contracts lower yesterday, tracking a similar trend on benchmark CME Gold, a dealer said.
KUALA LUMPUR: Crude palm oil (CPO) futures closed higher yesterday, thanks to September’s strong export performance.
KUALA LUMPUR: The ringgit closed flat against the US dollar yesterday as it consolidated from the recent sell-off, said a dealer.
KUALA LUMPUR: Malaysian rubber prices rebounded to close mixed yesterday on the ringgit weakening against the US dollar, a dealer said.
LONDON: Brent oil slipped below $97 a barrel yesterday, hit by dollar strength and ample supply, and was heading for its deepest quarterly drop in more than two years.
THE government is looking to offer various tools for the privatisation of new government projects to be undertaken under the 11th Malaysia Plan (11MP), said Minister in Prime Minister’s Department Datuk Seri Abdul Wahid Omar.
KUALA LUMPUR: Telekom Malaysia Bhd (TM) said yesterday it had completed the investment partnership agreement with Green Packet Bhd and SK Telecom Co Ltd to share ownership of Packet One Networks (Malaysia) Sdn Bhd (P1).
SEPANG: Malindo Air aims to serve about 2.25 million passengers by year-end following the introduction of new routes, including to Singapore and Bandung, Indonesia.
KUALA LUMPUR: More than 100 companies have been investigated by Bank Negara Malaysia for money laundering activities over the last three years, said Domestic Trade, Cooperatives and Consumerism Ministry secretary-general Datuk Seri Alias Ahmad yesterday.
STAND-OUT performer Malaysia is likely to see its strongest annual growth rate in seven years in 2014, said Standard Chartered Bank (StanChart).
MANILA: Taiwan’s Cathay Financial Holding Co Ltd is set to acquire a fifth of the Philippines’ Rizal Commercial Banking Corp for US$400 million (RM1.3 billion), one of the first of an expected string of deals after Manila relaxed rules for investment in the banking sector.
SEOUL: Samsung Electro-Mechanics Co Ltd is set to raise up to 1.16 trillion won (RM3.5 billion) by selling via the stock exchange in November its entire stake in affiliate Samsung SDS, the IT services unit of Samsung Group.
BEIJING: China’s vast factory sector showed signs of steadying last month as export orders climbed, a survey showed yesterday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks.
LONDON: State-backed Royal Bank of Scotland (RBS) will release £800 million (RM4.25 billion) from provisions it had set aside to cover losses on bad loans after an improvement in economic conditions, especially in Ireland.
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