LONDON: Brent crude oil steadied below US$98 a barrel yesterday, not far above 26-month lows reached at the start of the week as Opec talk of a production cut balanced worries about ample supply at a time of fragile demand.
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contract ended untraded yesterday.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed unchanged at US$21,150 a tonne yesterday, even though the metal’s price on the London Metal Exchange (LME) rose by US$100 to US$21,250 a tonne.
KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday as investors shifted their interest to the greenback.
KUALA LUMPUR: Malaysian rubber prices closed marginally lower yesterday, although the weakening of the ringgit against the US dollar helped cushion the decline.
KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives fell for the fourth day yesterday as investors shifted to the equity market.
MANILA: The Philippines unit of Malaysia’s largest bank, Malayan Banking Bhd, is holding preliminary talks with merger and acquisition (M&A) targets to expand its domestic business, particularly consumer lending, its top official said.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday due to weak buying interest for the commodity.
ASTRO Malaysia Holdings Bhd’s net profit for the second quarter ended July 2014 rose 39.3 per cent to RM137.7 million from RM98.83 million a year ago, thanks to higher average revenue per user (ARPU) and lower financing cost.
KUALA LUMPUR: Bus operator Konsortium Transnasional Bhd (KTB), which is controlled by Tan Sri Mohd Nadzmi Mohd Salleh, plans to raise RM60.42 million by issuing 604.2 million renounceable rights shares on the entitlement of three rights shares for every two existing shares.
KUALA LUMPUR: Maybank Islamic Bhd expects Bank Negara Malaysia to raise the Overnight Policy Rate (OPR) by 25 basis points this year despite mixed market expectations.
SUNWAY Bhd has proposed to list its construction division, which is currently held under its indirect wholly-owned subsidiary, Sunway Construction Sdn Bhd (SunCon), on the Main Market of Bursa Malaysia Securities Bhd.
KUALA LUMPUR: Former prime minister Tun Dr Mahathir Mohamad says local contractors should be given more opportunities to undertake construction jobs in the country as well as abroad.
KUALA LUMPUR: A record high of 3,000 companies registered for Goods and Services Tax (GST) on Thursday.
KUALA LUMPUR: Time Dotcom Bhd and United Plantations Bhd have been removed from the “MYETF Dow Jones Islamic Market Malaysia Titans 25” list. The two companies were replaced by newcomers — IOI Properties Group Bhd and Westport Holdings Bhd.
KUALA LUMPUR: Affin Holdings Bhd’s unit, Affin Hwang Asset Management Bhd (Affin Hwang AM), is acquiring a 51 per cent equity in Asian Islamic Investment Management Sdn Bhd (AIIM) from Nikko Asset Management Asia Ltd for RM11.73 million cash.
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