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Cautious trading for RM against USD next week

Cautious trading for RM against USD next week

KUALA LUMPUR: The ringgit is expected to see cautious trading against the US dollar next week with investors wary over US President Donald Trump’s economic policies, said an analyst. FXTM Vice President of Corporate Development and Market Research Jameel Ahmad said currencies, including the ringgit, had been on recovery mode following another round of investors […]

January 28, 2017 | By | Reply More
M'sians to spend 9 per cent more this CNY compared to 2016: UOB Bank

M'sians to spend 9 per cent more this CNY compared to 2016: UOB Bank

KUALA LUMPUR: Malaysians are planning to spend nine per cent more this year on Lunar New Year festivities, according to United Overseas Bank (Malaysia) Bhd (UOB Malaysia). Based on its annual Lunar New Year survey, respondents said of their average festive budget of RM4,201 (up from RM3,846 in 2016), they will allocate RM1,008 for food. […]

January 27, 2017 | By | Reply More
Britain's Tesco buys wholesaler Booker for US$4.7 billion

Britain's Tesco buys wholesaler Booker for US$4.7 billion

January 27, 2017 | By | Reply More
Japan logs first annual price decline in four years

Japan logs first annual price decline in four years

TOKYO: Japan on Friday logged its first annual consumer price decline in four years, underscoring the challenges facing Tokyo’s fight to rid the world’s number three economy of deflation. Government data showed prices dropped 0.3 percent in 2016 from a year earlier, as weak household spending and meagre wage hikes keep a lid on inflation. […]

January 27, 2017 | By | Reply More
BNM stronger, more stable, following 1990s forex losses

BNM stronger, more stable, following 1990s forex losses

KUALA LUMPUR: Bank Negara Malaysia (BNM) says it has moved forward, becoming stronger, more transparent and accountable, after bouncing back from suffering major foreign exchange (forex) losses more than two decades ago. © New Straits Times Press (M) Bhd

January 27, 2017 | By | Reply More
Medical glove prices to soar due to latex shortage

Medical glove prices to soar due to latex shortage

KUALA LUMPUR: The price of Standard Malaysian Rubber (SMR20) spiked over the RM10 per kg mark today, fuelled by a shortage of latex, which means that medical glove exports are set to be costlier. In a telephone interview today, National Association of Smallholders Malaysia (Nash) president Datuk Aliasak Ambia said rubber prices have risen sharply […]

January 27, 2017 | By | Reply More
Kamarudin, Fernandes    increase stake

Kamarudin, Fernandes increase stake

KUALA LUMPUR: AirAsia Bhd executive chairman Datuk Kamarudin Meranun and AirAsia Group chief executive officer Tan Sri Tony Fernandes have raised their stake in the airline by 16.7 per cent to 32.3 per cent after completing the long-awaited RM1.01 billion private placement of 559 million new shares. The placement completion came on the day aviation […]

January 27, 2017 | By | Reply More
Oil prices dip as rising US output offsets OPEC-led cuts

Oil prices dip as rising US output offsets OPEC-led cuts

SINGAPORE: Oil prices dipped on Friday, with rising crude output from the United States offsetting efforts by OPEC and other producers to cut supplies to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at US$56.14 per barrel at 0132 GMT, down 10 cents from their last close. US […]

January 27, 2017 | By | Reply More
RM opens at 4.42 against USD

RM opens at 4.42 against USD

KUALA LUMPUR: The ringgit was slightly lower against the US dollar in the early session today on profit-taking, following the local note’s recent gains. © New Straits Times Press (M) Bhd

January 27, 2017 | By | Reply More
Sime Darby announces creation of 3 standalone entities

Sime Darby announces creation of 3 standalone entities

KUALA LUMPUR: Sime Darby Bhd will create three iconic standalone businesses with pure plays in the plantation, property and trading and logistics sectors. The pure plays, Sime Darby Plantation Bhd and Sime Darby Property Bhd, will be listed while the trading and logistics businesses will remain under Sime Darby, which will retain its listed status. […]

January 26, 2017 | By | Reply More