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Telent to set up retail point-of-sale (POS) in Kuala Lumpur, eyes SEA markets by Q3

Telent to set up retail point-of-sale (POS) in Kuala Lumpur, eyes SEA markets by Q3

XIAMEN: China-based Telent Outdoor (Hong Kong) Technology Co Ltd plans to set up a retail point-of-sale (POS) in Kuala Lumpur as a springboard to penetrate other South-East Asian markets by the third quarter of this year. According to the Independent Market Research report, Telent, which specialises in design, manufacture, marketing, brand management and distribution of […]

August 18, 2015 | By | Reply More
TPP important for Malaysia: MICCI

TPP important for Malaysia: MICCI

KUALA LUMPUR: THE Trans Pacific Partnership (TPP) is an important initiative for Malaysia to expand its market access opportunities and enhance its competitive advantage, says the Malaysian International Chamber of Commerce and Industry (MICCI). It serves to build investor confidence and attract foreign investment into the country as well as build capacity through free-trade agreements […]

August 18, 2015 | By | Reply More
Ringgit continues to decline against US dollar

Ringgit continues to decline against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar on Tuesday on relentless low risk appetite for the domestic currency, a trader said. At 9.15am, the ringgit was quoted at 4.1120/1200 against the greenback from 4.1020/1110 at 5pm yesterday. “While external factors will continue to play a major role in determining the direction of […]

August 18, 2015 | By | Reply More
Bursa Malaysia lower in early

Bursa Malaysia lower in early

KUALA LUMPUR: Bursa Malaysia was lower in early trade with investors sustaining selling activity in the absence of strong supportive buying interest despite opening marginally higher. At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.72 points down at 1,566.82, after opening 0.55 point higher at 1,573.09. Decliners led gainers 183 to […]

August 18, 2015 | By | Reply More
China’s yuan devaluation unlikely to spark currency war

China’s yuan devaluation unlikely to spark currency war

KUALA LUMPUR: China’s decision to devalue its yuan last week is not likely to spur a currency war, says Standard & Poor’s chief economist for Asia-Pacific Paul Gruenwald. Asian currencies are more likely to complement the yuan than compete with it. In Asia, exports are underpinned by foreign demand rather than currency effects, he said. […]

August 17, 2015 | By | Reply More
Renminbi is now a global story: Zeti

Renminbi is now a global story: Zeti

KUALA LUMPUR: The renminbi is on the road to becoming an international currency and countries in Asia, including Malaysia must be ready for this transition, warned Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz. Its potential role as a global reserve currency will have significant global implications. “The renminbi is no longer an […]

August 17, 2015 | By | Reply More
Currency war not likely, S&P’s

Currency war not likely, S&P’s

KUALA LUMPUR: China’s decision to devalue its yuan last week is not likely to spur a currency war, says Standard & Poor’s chief economist for Asia-Pacific Paul Gruenwald. Asian currencies are more likely to complement the yuan than compete with it. In Asia, exports are underpinned by foreign demand rather than currency effects, he said. […]

August 17, 2015 | By | Reply More
Ringgit starts the week at 4.11

Ringgit starts the week at 4.11

KUALA LUMPUR: The ringgit started the week on a weaker note against the US dollar today as foreign banks continued to offload the local unit, a currency trader said. At 9.20 am, the ringgit was quoted at 4.1110/1190 to the greenback from 4.0750/0800 at 5pm on Friday. “Players continued to trade for long dollars and […]

August 17, 2015 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower today, extending last week’s sell-off on the back of various external and internal developments, a dealer said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.72 points down at 1,663.56, after opening 6.01 points easier at 1,590.81. A dealer said market sentiment was still poor amid […]

August 17, 2015 | By | Reply More
Political noise, so be it

Political noise, so be it

KUALA LUMPUR: Political noise is inevitable and it is no different in an emerging market like Malaysia, a senior World Bank economist said. In this age of social media, political issues around the world revolve to give rise to noise and volatility before the noise settles. To Dr Frederico Gil Sander, who has been overseeing […]

August 15, 2015 | By | Reply More