Saturday, October 21, 2017

Business

Ringgit to trade around current level next week

KUALA LUMPUR: The ringgit is likely to trade around current level next week amid mixed market sentiment, mostly influenced by external development, dealers said. The...

FBM KLCI to trade higher

KUALA LUMPUR: The FBM KLCI is likely to trade higher next week as the momentum builds up in the run-up to Budget 2018 presentation...

E-commerce boom will put Malaysia on global logistic map

KUALA LUMPUR: Evolvement of the e-commerce sector will put Malaysia on track as a leading Asean logistic hub, hence putting it on the global...

Iskandar Malaysia to take on millennial-driven economy

ISKANDAR PUTERI: Iskandar Malaysia must be ready to facilitate new transformation, which means taking into account the new economy driven by millennials, said Menteri...

Oil prices fall for second day on oversupply concerns

TOKYO: Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs that a global...

New CEO can lead Proton’s global foray – Mustapa

KOTA BHARU: Newly-appointed Perusahaan Otomobil Nasional Sdn Bhd (PONSB) chief executive officer Dr Li Chunrong could help spur the national automaker’s global forays, International...

Bursa Malaysia to stage mild recovery

KUALA LUMPUR: Bursa Malaysia is likely to stage a mild recovery next week with the key index inching towards the 1,772-level on bargain hunting,...

Ringgit to see range-bound trading against greenback next week

KUALA LUMPUR: The ringgit is expected to trade in a narrow range with a downward bias of between 4.19 and 4.22 against the US...

DRB-Hicom completes stake sale in Proton for RM460.3 million

KUALA LUMPUR: DRB-HICOM Bhd has completed the proposed share subscription of 49.9 per cent stake, or 547.02 million shares, in Proton Holdings Bhd (PHB)...

BNM: Malaysia’s reserves remain usable

KUALA LUMPUR: The country’s reserves as at end-August 2017 remain usable as indicated by the detailed breakdown of Malaysia's international reserves under the International...

Ringgit likely to trade lower against greenback

KUALA LUMPUR: The ringgit will likely trade lower against the US dollar next week in hovering between 4.20 and 4.23 following the US Federal...

Bursa Malaysia to trade sideways next week

KUALA LUMPUR: Bursa Malaysia is expected to trade sideways between the 1,760 and 1,770 levels next week as it enters a consolidation mode. Affin Hwang...

Tie-up with Proton part of ‘One Belt One Road’ initiative, says Zheijang Geely

DUNHUANG: Chinese car maker Zhejiang Geely Holdings Group’s venture into Proton Holdings Bhd is a great example of China’s One Belt, One Road (Obor)...

Ringgit higher against greenback, most emerging nations’ currencies

KUALA LUMPUR: The ringgit closed higher against the US dollar and most emerging nations’ currencies today on strong buying momentum for the local note, a dealer...

EPF investments in US will be income accretive to the fund – economist

KUALA LUMPUR: The Employees Provident Fund’s (EPF) move to increase its investments in the United States (US) by between US$3 billion (US$1=RM4.18) and US$4...

Ringgit likely to appreciate against greenback

KUALA LUMPUR: The ringgit is expected to continue appreciating in fair value and hover around 4.15-level against the US dollar next week, a dealer...

Bursa Malaysia to trend cautiously next week

KUALA LUMPUR: Share prices on Bursa Malaysia is expected to move sideways in cautious trading next week, with the benchmark index moving between 1,770...

EPF records higher income of RM11.51 billion in Q2

KUALA LUMPUR: The Employees Provident Fund (EPF) has reported a 36.36 per cent increase in investment income to RM11.51 billion for the second quarter...

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