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Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today with the surging bond and equity inflows acting as the primary catalysts which accelerated the demand for the local note, a dealer said. At 9 am, the local unit was traded 130 basis points higher at 4.0970/1000 against the greenback from Wednesday’s close of […]

November 23, 2017 | By | Reply More
Nov 23: Ringgit opens higher against US dollar

Nov 23: Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today with the surging bond and equity inflows acting as the primary catalysts which accelerated the demand for the local note, a dealer said. At 9 am, the local unit was traded 130 basis points higher at 4.0970/1000 against the greenback from Wednesday’s close of […]

November 23, 2017 | By | Reply More
Nov 23: Bursa Malaysia opens flat, trades sideways thereafter

Nov 23: Bursa Malaysia opens flat, trades sideways thereafter

KUALA LUMPUR: Bursa Malaysia opened almost flat today and traded sideways thereafter on lack of fresh leads, dealers said. At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.89 of-a-point firmer at 1,724.43 from Wednesday’s close of 1,723.54. The index opened 0.12 of-a-point easier at 1,723.42. A dealer said the market was […]

November 23, 2017 | By | Reply More
TM likely to bid for 700MHz spectrum: PublicInvest

TM likely to bid for 700MHz spectrum: PublicInvest

KUALA LUMPUR: Telekom Malaysia Bhd (TM) is likely to participate in the tender of the 700 megahertz (MHz) spectrum, said PublicInvest Research in its report today. PublicInvest said assuming TM secures a two-block of 2x5MHz, it would have to fork out some RM1 billion for the new spectrum. It said since the spectrum is only […]

November 23, 2017 | By | Reply More
Digital currencies will not replace physical money soon — BOJ official

Digital currencies will not replace physical money soon — BOJ official

TOKYO: Financial technology is fast revolutionising the banking industry but digital currencies will not replace physical money any time soon, a senior Bank of Japan (BOJ) official said on Wednesday. “It’s too far off,” Hiromi Yamaoka, head of the BOJ’s payment and settlement systems department, said on the sidelines of a forum on financial innovation […]

November 22, 2017 | By | Reply More
Saudis push for nine-month extension of OPEC-led oil cut — sources

Saudis push for nine-month extension of OPEC-led oil cut — sources

 DUBAI/LONDON: Top crude exporter Saudi Arabia is lobbying oil ministers to agree next week on a nine-month extension to OPEC-led supply cuts, sources familiar with the matter said, as Riyadh seeks to ensure a price-sapping glut is eradicated. The Organization of the Petroleum Exporting Countries, non-member Russia and nine other producers are cutting oil output […]

November 22, 2017 | By | Reply More
MMC Corp 3Q18 profit plunged down 79%

MMC Corp 3Q18 profit plunged down 79%

KUALA LUMPUR: MMC Corp Bhd’s net profit fell 79 per cent to RM22.29 million in the three months ended Sept 30, 2017, from RM105.89 million a year ago. This was after a RM98 million one-off provision for impairment on its stormwater management and road tunnel project, as a result of lower projected traffic volume. The […]

November 22, 2017 | By | Reply More
WCT 3Q17 profit up 71%

WCT 3Q17 profit up 71%

KUALA LUMPUR: WCT Holdings Bhd saw a 71 per cent jump in net profit to RM41 million for the third quarter ended 30 September 2017, from RM24 million registered in the corresponding quarter last year. Revenue for the quarter was also higher at RM470 million from RM414 million previously. The Group’s net profit for the […]

November 22, 2017 | By | Reply More
IJM awarded RM1.5 billion highway job in India

IJM awarded RM1.5 billion highway job in India

KUALA LUMPUR: IJM Corporation Bhd has clinched the RM1.5 billion contract to build a 109 km highway in India. In a statement, the group said it has accepted a letter of award from the National Highway Authority of India (NHAI) to develop the Solapur-Bijapur section of the new National Highway 52 between the states of […]

November 22, 2017 | By | Reply More
Malaysia terrorism financing risk rated as medium scale

Malaysia terrorism financing risk rated as medium scale

KUALA LUMPUR: The overall terrorism financing (TF) risk for non-profit organisations in eight Asia-Pacific nations has been assessed as medium scale. The risk assessment report, launched at the Counter-Terrorism Financing Summit here is based on a regional assessment of the TF threat environment, NPO sector vulnerabilities and associated consequences of misuse. “While the regional risk […]

November 22, 2017 | By | Reply More