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Malaysia leads fall as banking shares decline

Malaysia leads fall as banking shares decline

JAKARTA: Most Southeast Asian stock markets ended lower yesterday with the Malaysian index leading the decline amid falls in banking shares. The Malaysian stock index fell 1.3% to its lowest closing since Feb 15, weighed down by the financial sector. Shares of Malayan Banking Bhd lost 1.7%, while CIMB Group Holdings Bhd fell 2.8% after […]

May 3, 2016 | By | Reply More
EPF: Better performance from local market this year

EPF: Better performance from local market this year

KUALA LUMPUR: The Employees Provident Fund (EPF), which posted a 13.2% growth in investment income last year, expects investments in the domestic market to perform better this year in view of the volatile external environment, in particular the equity market. For 2015, foreign investments contributed 48% of the total RM44.23 billion gross investment income even […]

May 3, 2016 | By | Reply More
Manufacturing conditions worsen in April

Manufacturing conditions worsen in April

PETALING JAYA: Operating conditions in the Malaysian manufacturing sector worsened at the sharpest pace in five months, said financial information services provider Markit. “The start of the second quarter of 2016 showed worsening signs in the manufacturing sector. Operating conditions deteriorated to the greatest extent since last November, led by sharper declines in both new […]

May 3, 2016 | By | Reply More
Ringgit ends easier against US dollar

Ringgit ends easier against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar on concerns over speculative play in the foreign exchange market, dealers said. At 5pm, the local note stood at 3.9120/9180 against the US dollar from 3.9000/9070 on Friday. The local note weakened against other currencies. Asian currencies rose on Tuesday as the yen hit a […]

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Bursa Malaysia ends lower on selling by foreign funds

Bursa Malaysia ends lower on selling by foreign funds

KUALA LUMPUR: Bursa Malaysia extended losses for the seventh consecutive day to close sharply lower today on net selling by most foreign funds, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 21.28 points to close at 1,651.44 from Friday’s close of 1,672.72. It opened 1.79 points higher at 1,674.51 and […]

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Malaysian bondholders back 1MDB, despite default

Malaysian bondholders back 1MDB, despite default

SINGAPORE: Beleaguered 1Malaysia Development won some welcome respite last week after local investors said they would take no action on a cross default on RM7.4 billion (US$1.89 billion) of ringgit-denominated bonds. Market sources said major bondholders, holding about a quarter of the RM5 billion government-guaranteed 5.75% due 2039s, were unlikely to accelerate the bonds after […]

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EPF sees better contribution from local market in 2016

EPF sees better contribution from local market in 2016

KUALA LUMPUR: The Employees Provident Fund (EPF), which posted a 13.2% growth in investment income last year, expects the domestic market to perform better this year in view of the volatile external environment. For 2015, foreign investments contributed 48% of the total RM44.23 billion gross investment income though they only made up 25% of total […]

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EPF: No problem with our 1MDB bond

EPF: No problem with our 1MDB bond

KUALA LUMPUR: The Employees Provident Fund (EPF) has reiterated that it is not concerned over its bond subscription in 1Malaysia Development Bhd (1MDB) despite the latter having triggered cross-defaults for its bonds. “EPF’s exposure to 1MDB is very limited, we have RM200 million of the first RM5 billion issuance. That exposure is fully government guaranteed, […]

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An era of excellence

An era of excellence

HAVING turned out a steady stream of industry-ready graduates, Kuala Lumpur Metropolitan University College (KLMUC) prides itself on having a strong foothold where industry links and exercising real world applications are concerned. To commemorate its 10-year anniversary, KLMUC will be introducing a glorious lineup of exciting academic transformation plans, along with a list of activities […]

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KL shares open on firmer note

KL shares open on firmer note

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher, tracking the firmer performance on Wall Street. At 9.15am, the index was 0.57 points better at 1,673.29 from Friday’s close of 1,672.72. It opened at 1.79 points higher at 1,674.51. Market breadth was positive with gainers outpacing losers by 184 to 107, with […]

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