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Ringgit's performance likely to be encouraging next week

Ringgit's performance likely to be encouraging next week

KUALA LUMPUR: The ringgit’s performance is likely to be encouraging with an upside bias against the US dollar next week as Bank Negara Malaysia reaffirms the local note’s steadiness, said RHB Research. In a note today, RHB Research said, the central bank has indicated that the ringgit has stabilised following its implementation of foreign exchange […]

July 22, 2017 | By | Reply More
Bursa Malaysia likely to be firm next week

Bursa Malaysia likely to be firm next week

KUALA LUMPUR: Trading on Bursa Malaysia is likely to be firm next week and the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to move around 1,770-level, backed by both external and domestic factors, namely gains in global bourses as well as the coming Budget 2018. Affin Hwang Investment Bank Vice-President/Head of Retail Research, Datuk […]

July 22, 2017 | By | Reply More
Initiative Media conquers MMA 2017

Initiative Media conquers MMA 2017

INITIATIVE Media (M) Sdn Bhd recently bagged the “Agency of the Year” award at the 13th Malaysia Media Awards (MMA) after sweeping seven gold and three silvers. The MMA 2017, themed “Beyond the Box”, introduced three new awards in light of the increase in entries. Here are the lists of winners: 2017 Malaysia Media Awards […]

July 22, 2017 | By | Reply More
CLSB to acquire land to set up hub in Malacca

CLSB to acquire land to set up hub in Malacca

PETALING JAYA: Complete Logistic Services Bhd has proposed to acquire 4.4 acres of freehold land in Malacca from Perbadanan Kemajuan Negeri Melaka (PKNM) for RM5.75 million or RM30 per square foot. In a filing with Bursa Malaysia today, the company said its wholly-owned subsidiary Guper Resources Sdn Bhd has entered into a sale and purchase […]

July 21, 2017 | By | Reply More
Sanichi proposes to consolidate 3 shares into 1

Sanichi proposes to consolidate 3 shares into 1

PETALING JAYA: Sanichi Technology Bhd has proposed to consolidate three of its shares into one in a bid to boost its trading price and market profile. In a filing with Bursa Malaysia today, the company’s board said that following the proposed consolidation, its share price will increase three-folds from 6.5 sen to 19.5 sen while […]

July 21, 2017 | By | Reply More
Ringgit ends higher against US dollar

Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit ended higher against the US dollar today following the European Central Bank’s (ECB) decision to leave interest rates unchanged, propelling investors to show more interest in assets of emerging markets, dealers said. At 6 pm, the local unit stood at 4.2820/2850 against the greenback compared with Thursday’s close of 4.2900/2930. FXTM Research Analyst Lukman Otunuga told Bernama […]

July 21, 2017 | By | Reply More
TRC Synergy's Australian unit sells asset for AU$9.66m

TRC Synergy's Australian unit sells asset for AU$9.66m

PETALING JAYA: TRC Synergy Bhd’s (TRCS) unit in Australia is disposing of a property in Melbourne for AU$9.66 million (RM32.16 million) cash. In a filing with Bursa Malaysia today, TRCS said its wholly-owned subsidiary TRC (Aust) Pty Ltd (TRCA) had on July 14, 2017 entered into a contract of sale of real estate with Forza […]

July 21, 2017 | By | Reply More
Ipmuda inks MoU to distribute Methven products in Malaysia

Ipmuda inks MoU to distribute Methven products in Malaysia

PETALING JAYA: Ipmuda Bhd’s wholly-owned subsidiary, Ipmuda Tiles & Sanitarywares Sdn Bhd (ITS) has entered into a memorandum of understanding (MoU) with New Zealand-based sanitary ware enterprise Methven Ltd, which will see the former potentially becoming the master dealer to the latter’s products in Malaysia. In a filing with Bursa Malaysia, Ipmuda’s board said that […]

July 21, 2017 | By | Reply More
Landmarks sells stake in MSL for RM87m

Landmarks sells stake in MSL for RM87m

PETALING JAYA: Landmarks Bhd’s indirect wholly-owned subsidiary Kuala Lumpur Suburban Centre Sdn Bhd (KLSC) is disposing of its 20% equity interest in MSL Properties Sdn Bhd to MCL Land Limited for RM87.38 million cash. MSL is principally involved in property development and real estate management. Its major asset is the Wangsa Walk Mal, a three-storey […]

July 21, 2017 | By | Reply More
FBM KLCI closes at intra-day high

FBM KLCI closes at intra-day high

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) ended at an intra-day high as traders embarked on last minute buying in what had been a choppy trading day. At 5pm, the benchmark index closed at 1,759.16, advancing 3.53 points, after moving between 1,752.40 and 1,759.16 throughout the day. It opened 0.92 of-a-point better at 1,756.55 from Thursday’s close of 1,755.63. Market breadth improved with gainers outpacing losers 435 […]

July 21, 2017 | By | Reply More