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Bursa Malaysia to trade sideways next week

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 Investment Bank Vice-President and Head of Retail Research, Datuk Dr Nazri Khan Adam Khan said the local market is expected to move in tandem with its global peers in consolidating, […]

September 23, 2017 | By | Reply More
Ringgit likely to trade lower against greenback next week

Ringgit likely to trade lower against greenback next week

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 Reserve’s (Fed) hawkish announcement on Wednesday. Affian Hwang Investment Bank Vice-President and Head of Retail Research, Datuk Dr Nazri Khan Adam Khan said the local note, in line with other Asian […]

September 23, 2017 | By | Reply More
David Beckham launches AIA's 'What's Your Why?' campaign (Video)

David Beckham launches AIA's 'What's Your Why?' campaign (Video)

KUALA LUMPUR: Former Manchester United legend David Beckham was in Malaysia today to launch AIA’s ‘What’s Your Why?’ campaign. The campaign which was launched on Sept 15 in Hong Kong is a new campaign in the Asia-Pacific region that reflects the commitment of both parties to helping people live longer, healthier, better lives. As AIA’s […]

September 22, 2017 | By | Reply More
China Post Bank raising US$7.3b via preferred shares to shore up capital

China Post Bank raising US$7.3b via preferred shares to shore up capital

HONG KONG: Postal Savings Bank of China Co (PSBC) is raising US$7.25 billion through an issue of preferred shares to shore up its capital buffer and boost lending, becoming the latest Chinese bank to raise funds through the hybrid securities. State-run PSBC’s fundraising comes a year after it garnered US$7.63 billion in a Hong Kong […]

September 22, 2017 | By | Reply More
Adecco targets faster growth as global economy recovers

Adecco targets faster growth as global economy recovers

ZURICH: Adecco Group is investing in digital technology to make it more attractive to employers seeking flexible workers, the world’s largest staffing company said on Friday, as it targets faster growth as the global economy recovers. The Swiss company said it wanted to grow four times faster than global GDP by 2020, up from a […]

September 22, 2017 | By | Reply More
Oil prices edge up ahead of OPEC meeting on supply cut extension

Oil prices edge up ahead of OPEC meeting on supply cut extension

SEOUL: Oil prices edged higher on Friday as the market waited to see whether major oil producers would extend supply cuts beyond March at a meeting in Vienna later in the day. International benchmark Brent crude futures were at US$56.51 a barrel at 0644 GMT, up 8 cents, or 0.14%, from their last close. US […]

September 22, 2017 | By | Reply More
Boeing boosts Southeast Asia order forecast on strong demand

Boeing boosts Southeast Asia order forecast on strong demand

SINGAPORE: Boeing Co said on Friday it had increased its 20-year forecast for Southeast Asian demand by 460 aircraft, the largest jump of any global region, as low-cost carriers make travel more accessible. Boeing sees demand for 4,210 new airplanes worth US$650 billion in Southeast Asia over the next two decades, based on an estimate […]

September 22, 2017 | By | Reply More
Fed decision unlikely to affect OPR, ringgit

Fed decision unlikely to affect OPR, ringgit

PETALING JAYA: The US Federal Reserve’s decision to maintain the federal funds rate at a range of 1.00%-1.25% is unlikely to affect Malaysia’s Overnight Policy Rate (OPR) with a short-term impact on the ringgit. “While we recognise that external policy moves may prompt market stabilisation measures, on the part of Bank Negara Malaysia (BNM), we […]

September 21, 2017 | By | Reply More
MDEC, ISACA in partnership to develop cyber security talent

MDEC, ISACA in partnership to develop cyber security talent

CYBERJAYA: Malaysia Digital Economic Corp (MDEC) yesterday announced a partnership with global technology and information security association ISACA focused on improving competencies and workforce skills in cyber security in its effort to curb the shortage of cyber security professionals. MDEC director of enabling ecosystem Wan Murdani Wan Mohamad said the partnership will provide training to […]

September 21, 2017 | By | Reply More
Oldtown reports explosion at unit's food processing centre

Oldtown reports explosion at unit's food processing centre

PETALING JAYA: Oldtown Bhd has reported an explosion at the central food processing centre of its wholly owned subsidiary, Emperor’s Kitchen Sdn Bhd. In a filing with Bursa Malaysia today, the company said the incident occurred at about 8am today, affecting only the production floor of the centre in Subang Jaya. The adjacent areas occupied […]

September 21, 2017 | By | Reply More