Business

Bank Negara's international reserves at RM399.6 billion

By NST ONLINE - Wednesday, 7 December 2016.

KUALA LUMPUR: Bank Negara Malaysia’s international reserves amounted to RM399.6 billion (equivalent to US$96.4 billion) as at November 30 this year.

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BNM action to stabilise declining ringgit appropriate, says World Bank

By Bernama - Wednesday, December 7, 2016 - 22:07

KUALA LUMPUR: Bank Negara Malaysia's new measures to enhance the liquidity in the foreign exchange market, to stabilise the declining ringgit, is seen as an appropriate move, says a World Bank economist.

Malaysian October exports shrink by 8.6pct, imports down 6.6pct

By RUPA DAMODARAN - Wednesday, December 7, 2016 - 12:21

KUALA LUMPUR: Exports in October shrank by 8.6 per cent while imports decreased by 6.6 per cent compared to a year ago.

Hibiscus postpones Aussie project

By AMIR HISYAM RASID - Wednesday, December 7, 2016 - 11:00

KUALA LUMPUR: HIBISCUS Petroleum Bhd is postponing its project in Australia due to limited access to capital and the prevailing market uncertainty in the oil and gas (O&G) industry, said managing director Kenneth Gerard Pereira.

Ringgit opens slightly lower against US Dollar

By Bernama - Wednesday, December 7, 2016 - 09:45

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as cautious sentiment clouded the market, ahead of the release of Bank Negara Malaysia’s (BNM) statement of accounts as at Nov 30, later today.

Shocked by BNM's ringgit conversion move, rubber exporters appeal for rescindment

By OOI TEE CHING - Tuesday, December 6, 2016 - 22:21

KUALA LUMPUR: Malaysian Rubber Products Manufacturers Association (MRPMA) has appealed to Bank Negara Malaysia to rescind the new ruling which requires them to convert 75 per cent of export earnings into ringgit.

Matrade eyes at least one per cent growth in E&E exports this year

By Bernama - Tuesday, December 6, 2016 - 14:02

KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) is eyeing growth of at least one per cent in exports for the Electrical and Electronic (E&E) sector this year on the back of a challenging economic climate.

MIER sticks to M'sian growth projection for 2016

By RUPA DAMODARAN - Tuesday, December 6, 2016 - 12:23

KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) think-tank has maintained its 4.2 per cent growth outlook for Malaysia this year.

Najib witnesses signing of Forest City development agreements

By Rizalman Hammim - Tuesday, December 6, 2016 - 11:45

ISKANDAR PUTERI : Prime Minister Datuk Seri Najib Razak today witnessed the signing of agreements between Country Garden Pacificview Sdn Bhd (CGPV) with 36 strategic partners for developments in Forest City.

Exporters to hold talks with BNM over central bank's new measures to strengthen ringgit

By FRANCIS DASS - Tuesday, December 6, 2016 - 11:24

KUALA LUMPUR: Malaysia External Trade Development Corporation (Matrade) has proposed a roundtable discussion next week between Malaysian exporters and Bank Negara Malaysia to get more clarity on BNM's recently announced measures to enhance liquidity of the foreign exchange (FX) market which came int

RM780.5mln outflow: Market well supported, says MIDF

Tuesday, December 6, 2016 - 11:01

KUALA LUMPUR: Foreigners remained net sellers in the local stock market last week but the pace had slowed amid support from local funds.

Ringgit opens at 4.44 against USD

By Bernama - Tuesday, December 6, 2016 - 10:00

KUALA LUMPUR: The ringgit opened higher against the US dollar today on continued demand following Bank Negara Malaysia’s (BNM) new measures to stabilise the local note.

Malaysia Airlines New Year sales: Domestic and Asean travel fares to start from RM99

By Farah Adilla - Monday, December 5, 2016 - 23:42

KUALA LUMPUR: Malaysia Airlines Bhd (MAB) will be introducing a big sales campaign for travel to and around the Asean region, in celebration of the New Year and in anticipation of the equalisation of the passenger service charge (PSC) from Jan 1, 2017.

Nutella maker Ferrero spreads into biscuits

By AFP - Monday, December 5, 2016 - 19:49

PARIS: Nutella maker Ferrero said Monday it had bought Belgium’s Delacre for an undisclosed sum as it seeks to spread from chocolates to biscuits.

RM closes at 4.44 against USD

By Bernama - Monday, December 5, 2016 - 19:07

KUALA LUMPUR: The ringgit ended higher today versus the US dollar on buying for the local note after Bank Negara Malaysia (BNM) announced measures to stabilise the currency, a dealer said.

Cradle Fund allocation to see reduction in 2017

By FRANCIS DASS - Monday, December 5, 2016 - 14:26

KUALA LUMPUR: Cradle Fund Sdn Bhd will see its 2017 allocation reduced to RM22 million, from this year's RM30 million.

Aspen Group signs two deals to drive innovation era by investing in next gen technology

By Marina Emmanuel - Monday, December 5, 2016 - 14:13

GEORGE TOWN: AG Innovation Sdn Bhd (a subsidiary of property development and real estate investment company Aspen Group) is collaborating with IBM Malaysia Sdn Bhd to create the first comprehensive cloud infrastructure and technology services platform in Malaysia.

Oil palm planters to benefit from strong dollar, limited supply

By OOI TEE CHING - Monday, December 5, 2016 - 13:14

KUALA LUMPUR: OIL palm planters can look forward to encouraging palm oil pricing on the back of a strong US dollar and limited supply of the oil as palm trees are still recovering from the El Nino weather phenomenon.

MPOC: Demand from China showing signs of picking up

By OOI TEE CHING - Monday, December 5, 2016 - 12:41

KUALA LUMPUR: There are signs that China’s palm oil imports, which have fallen in recent years, are picking up again, said the Malaysian Palm Oil Council (MPOC).

BNM's new measures will increase Malaysia's forex reserves, says Affin Hwang

By Bernama - Monday, December 5, 2016 - 12:31

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) new measures on the treatment of export proceeds, is important to build and accumulate possible higher foreign exchange (forex) reserves, especially in the US dollar.

PM tours mammoth Pengerang Integrated Complex in Johor

By Fauziah Ismail and Rizalman Hammim - Monday, December 5, 2016 - 12:27

PENGERANG: Prime Minister Datuk Seri Najib Razak today undertook aerial and ground tours of the US$27 billion (RM121 billion) Petronas Pengerang Integrated Complex (PIC) here.

Ringgit opens higher against US dollar

By Bernama - Monday, December 5, 2016 - 11:15

KUALA LUMPUR: The ringgit opened higher against the US dollar today on better demand following Bank Negara Malaysia's (BNM) new measures, effective today, to encourage more domestic trade of the ringgit.

Perodua: Good potential in Sabah, Sarawak

Monday, December 5, 2016 - 11:01

HATYAI: Sabah and Sarawak are untapped markets which offer great growth opportunities for Perusahaan Otomobil Kedua Sdn Bhd (Perodua) due to the federal and state governments’ infrastructure investments in the states.

Perodua: Price review if ringgit remains weak

By John Gilbert - Monday, December 5, 2016 - 11:00

HATYAI, THAILAND: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) may review prices of its car models if the ringgit continues to extend losses against major currencies.

EU, IMF 'going in circles' on Greek debt relief

By AFP - Sunday, December 4, 2016 - 23:10

BRUSSELS: Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece.

Vincent Tan looking to "bet" in the right places

By SHAREN KAUR - Saturday, December 3, 2016 - 15:17

BERJAYA Group founder Tan Sri Vincent Tan, the man with the “Midas touch”, is still putting his bets in the right places.

AirAsia bags two honours at World Travel Awards in Maldives

By Bernama - Saturday, December 3, 2016 - 12:50

KUALA LUMPUR: AirAsia has been named the World’s Leading Low-Cost Airline for the fourth year in a row and its maiden title as the World's Leading Inflight Service at the 23rd World Travel Awards (WTA) Grand Final held in Male, Maldives.

RM expected to trade between 4.45 and 4.46 against USD next week

By Bernama - Saturday, December 3, 2016 - 12:37

KUALA LUMPUR: The ringgit will see range-bound trading next week and move between 4.45 and 4.46 (against the US dollar), on market adjustments following the announcement of new measures by Bank Negara Malaysia (BNM), said a dealer.

FMC introduces 6 measures to boost onshore forex mart

By Business Times - Saturday, December 3, 2016 - 00:24

KUALA LUMPUR: The Financial Markets Committee (FMC) has introduced six measures to enhance the liquidity of the onshore foreign exchange (forex) market, to be effective Monday.

Mcdonald's announces new developmental licensee for M'sia & Singapore

By Bernama - Friday, December 2, 2016 - 22:44

KUALA LUMPUR: McDonald’s Corporation today announced Lionhorn Pte. Ltd as the Developmental Licensee (DL) for its Malaysia and Singapore markets.

First phase of Logistics Masterplan completed: Liow

By Business Times - Friday, December 2, 2016 - 17:13

KUALA LUMPUR: The Logistics and Trade Facilitation Masterplan has successfully completed its first phase — Debottleneck (2015-2016) — which aimed to remove the root causes that have held back the logistics industry.