Author Archive: Free Malaysia Today

rss feed

Author's Website

Bursa rebounds to open higher

Bursa rebounds to open higher

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded from yesterday’s losses to open higher today, inline with most regional bourses, on renewed buying demand as equities were attractive at current prices, dealers said. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 9.12 points better at 1,802.06 from Monday’s close of 1,792.94. The […]

September 19, 2018 | By | Reply More
Ringgit opens weaker against greenback

Ringgit opens weaker against greenback

A ringgit note is seen in this photo. (Reuters pic) KUALA LUMPUR: The ringgit opened lower versus the US dollar today as sentiment was dampened by increased US-China trade tension, dealers said. At 9 am, the ringgit weakened to 4.1420/1470 against the greenback from 4.1410/1450 on Monday. A dealer said confirmation that US President Donald […]

September 19, 2018 | By | Reply More
Markets take trade war escalation in stride

Markets take trade war escalation in stride

The YM Bamboo, a container ship operated by the China Ocean Shipping Company (Cosco) is docked at the Port of Oakland in Oakland, California. (Reuters pic) NEW YORK: Stock markets took the latest escalation in the trade war between the world’s top two economies in their stride on Tuesday. European stocks only briefly turned lower […]

September 19, 2018 | By | Reply More
Global dairy prices fall for third time in a row, despite signs of robust demand

Global dairy prices fall for third time in a row, despite signs of robust demand

A dairy cow stands during a tour by U.S. Agriculture Secretary Sonny Perdue tours at the Brabant Farms in Verona, New York. (Reuters pic) WELLINGTON: Global dairy prices fell at the third fortnightly auction in a row early Wednesday as New Zealand’s supply of key products ramped up. The GDT Price Index dipped 1.3% to […]

September 19, 2018 | By | Reply More
US-China trade tussle is creating winners in Southeast Asia

US-China trade tussle is creating winners in Southeast Asia

A cargo ship is pictured at an industrial port in Tokyo. (Reuters pic) HANOI: “No one wins from a trade war,” is a standard refrain among economists. Southeast Asian businesses are trying to prove that maxim wrong. The region is capitalising on a rush of new orders and production moves as firms reconsider their business […]

September 19, 2018 | By | Reply More
Fiscal discipline pushes market equity premium to highest ever

Fiscal discipline pushes market equity premium to highest ever

KUALA LUMPUR: Budget discipline and better economic fundamentals are setting Malaysian equities apart. With a 6.6% rebound, the FTSE Bursa Malaysia KLCI Index is heading for its best quarter since the end of 2011, while the MSCI Asia Pacific Index has lost 2.3%. That pushed the valuation of the Malaysian gauge to its highest level […]

September 18, 2018 | By | Reply More
GE expands footprint in Malaysia with aviation, IT initiatives

GE expands footprint in Malaysia with aviation, IT initiatives

KUALA LUMPUR: General Electric (GE) today reaffirmed the company’s continued commitment to Malaysia with a major US$80 million (approximately RM331 million) investment in GE Engine Services Malaysia (GEESM). Alongside this renewed commitment to the GEESM facility, GE also announced the establishment of the Global IT Service Desk, located at its headquarters in Kuala Lumpur, its […]

September 18, 2018 | By | Reply More
Volkswagen’s truck unit says no final decision taken on IPO

Volkswagen’s truck unit says no final decision taken on IPO

A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany. (Reuters pic) HANOVER: Volkswagen sought to dampen expectations on Tuesday that it would soon list its truck unit Traton on the stock market, saying no final decision had been taken. Volkswagen has taken steps to prepare Traton for a possible initial public offering, and […]

September 18, 2018 | By | Reply More
Ferrari quietly revs up for hybrid cars by 2022

Ferrari quietly revs up for hybrid cars by 2022

Goodbye roar, hello whine: most Ferrari’s will be hybrids by 2022. (AFP pic) MARANELLO: Most of the cars made by Ferrari will be hybrid petrol-electric by 2022, the Italian luxury car manufacturer said on Tuesday, including its first SUV. “By 2022, nearly 60% of the models we produce will be built around hybrid powertrains,” new CEO […]

September 18, 2018 | By | Reply More
China sets retaliatory tariffs on US$60 billion in US goods

China sets retaliatory tariffs on US$60 billion in US goods

(AFP pic) BEIJING: China Tuesday announced tariffs on US goods worth US$60 billion in retaliation for President Donald Trump’s decision to slap duties on US$200 billion in Chinese products next week. Tariffs of between 5% and 10% will take effect on some 5,200 US products on Monday, on the same day as the new US duties, […]

September 18, 2018 | By | Reply More