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Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar today on lack of buying support, dealer said. At 6pm, the ringgit was quoted at 4.0430/0480 against the greenback from 4.0130/0200 on Friday. Dealer said the greenback rose after the Federal Reserve (Fed) bolstered expectation that US interest rates will be rise soon. “Traders are […]

August 29, 2016 | By | Reply More
Bursa Malaysia ends lower on profit-taking, CI down 0.09%

Bursa Malaysia ends lower on profit-taking, CI down 0.09%

KUALA LUMPUR: Bursa Malaysia closed lower today on profit-taking activities in selected blue chips and in tandem with the weaker sentiment on regional bourses, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 1.49 points or 0.09% lower at 1,681.60 from Friday's close of 1,683.09 points. It opened 3.85 points weaker at […]

August 29, 2016 | By | Reply More
Household income up an average of RM1,141 a month between 2012 and 2014

Household income up an average of RM1,141 a month between 2012 and 2014

KUALA LUMPUR: The Malaysian household income has improved between 2012 and 2014 by an average of RM1,141 monthly, as revealed in Khazanah Research Institute's fourth publication, The State of Households II. Based on the Household Income and Basic Amenities Survey, households in 2014 have a higher median at RM4,585, and average income at RM6,141 compared […]

August 29, 2016 | By | Reply More
FGV's Q2 earnings up 35%

FGV's Q2 earnings up 35%

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) reported a 35% increase in net profit to RM62.21 million for the second quarter ended June 30, 2016 compared with RM46.09 million in the previous corresponding period, driven by lower administration cost and higher crude palm oil (CPO) prices. Revenue for the quarter under review was flat […]

August 29, 2016 | By | Reply More
CIMB sees 6%-7% loan growth this year, below earlier target

CIMB sees 6%-7% loan growth this year, below earlier target

KUALA LUMPUR: CIMB Group Holdings Bhd expects its loan growth and return on equity (ROE) to come in below its original 2016 target this year. Group chief executive Tengku Datuk Seri Zafrul Aziz said it is harder to achieve its earlier loan growth target of 10% due to macroeconomic conditions and the region's gross domestic […]

August 29, 2016 | By | Reply More
Fast and familiar

Fast and familiar

UNDER its “Discover the World” campaign, McDonald’s Malaysia is happy to present patrons with a taste of “home”. The campaign, which kicked off with the Rio Burger, now brings you “Burger Syok”, said to especially tempt those with a love for all things spicy. SPICY SENSATION Inspired by a heady mix of our melting pot […]

August 29, 2016 | By | Reply More
Ringgit lower against greenback in early trade

Ringgit lower against greenback in early trade

KUALA LUMPUR: The ringgit opened lower against the US dollar today on renewed expectations of a US interest rate hike, said a dealer. At 9.24am, the ringgit was quoted at 4.0410/4.0450 against the greenback from 4.0130/0200 last Friday. The dealer said market participants anticipate an interest rate hike as early as September, after upbeat comments […]

August 29, 2016 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower today, prompted by the bearish sentiment on regional equity markets, dealers said. At 9.12am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.36 points lower at 1,681.73, against Friday's close of 1,683.09. It opened 3.85 points weaker at 1,679.24. A dealer said most regional market were cautious following […]

August 29, 2016 | By | Reply More
RAM reaffirms rating of SEB’s RM15b sukuk programme

RAM reaffirms rating of SEB’s RM15b sukuk programme

PETALING JAYA: RAM Ratings has reaffirmed the AA1/Stable rating of Sarawak Energy Bhd's (SEB) RM15 billion Sukuk Musyarakah Programme (2011/2036). The reaffirmation is premised on the strong support that SEB continues to enjoy from the Sarawak state government and federal government, given its monopoly over the transmission and distribution of electricity in the state, and […]

August 28, 2016 | By | Reply More
AmInvest is Malaysia’s Best ETF Provider

AmInvest is Malaysia’s Best ETF Provider

PETALING JAYA: AMMB Holdings Bhd's fund management arm AmInvest was named “Malaysia's Best ETF Provider” at The Asset Triple A Private Banking, Wealth Management, Investment and ETF Awards 2016. The Asset commended AmInvest for the ability to attract international investors allowing AmInvest to almost double the assets under management (AUM) of ABF Malaysia Bond Index […]

August 28, 2016 | By | Reply More