Author Archive: The Sun Daily

rss feed

Author's Website

Ringgit opens broadly higher against US dollar

Ringgit opens broadly higher against US dollar

KUALA LUMPUR: The ringgit opened broadly higher against the US dollar and other major currencies today on renewed demand for the domestic currency, a dealer said. At 9.20am, the local unit firmed up against the US dollar to 4.2050/2090 from Friday’s 4.2215/2265. The local currency rose against the Singapore dollar to 3.0074/0107 from 3.0197/0254 on […]

December 7, 2015 | By | Reply More
FBM KLCI rebounds to open higher

FBM KLCI rebounds to open higher

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded to open higher on Monday on renewed buying interest after ending last week’s trading weaker. At 9.10am, the index rose 1.71 points to 1,6689.58 after opening 2.38 points higher at 1,670.25. For this week, Maybank Kim Eng said investors may trade between 1,595 and […]

December 7, 2015 | By | Reply More
Cagamas issues 7-year RM435 million Islamic bond

Cagamas issues 7-year RM435 million Islamic bond

KUALA LUMPUR: Cagamas Bhd, the National Mortgage Corp of Malaysia, has announced the issuance of seven-year Islamic Medium Term Notes (IMTN) amounting to RM435 million. Proceeds from the issuance will be used to fund the purchases of Islamic house financing from the financial system.It will be issued at a profit rate of 4.7%. The IMTN, […]

December 6, 2015 | By | Reply More
MAS tie-up with Emirates a masterstroke, says Maybank IB

MAS tie-up with Emirates a masterstroke, says Maybank IB

PETALING JAYA: Maybank IB Research (Maybank IB) is optimistic on Malaysia Airlines Bhd’s (MAS) tie-up with Emirates, calling it a “tactical masterstroke” and “the best thing” to happen for a long time. Last Wednesday, MAS announced that it had sealed an agreement with Emirates to code share on 90 destinations across the Americas, Europe, Middle […]

December 6, 2015 | By | Reply More
Malaysia needs continued prudence, structural reform: World Bank economist

Malaysia needs continued prudence, structural reform: World Bank economist

KUALA LUMPUR: Malaysia will need continued macroeconomic prudence in the short term and sustained structural reform in the longer term in order to navigate the uncertainties ahead, said The World Bank Group chief economist for East Asia and Pacific region Dr Sudhir Shetty. “Right now, I think Malaysia is going through an adjustment process to […]

December 6, 2015 | By | Reply More
BCB upbeat despite softer ringgit, market

BCB upbeat despite softer ringgit, market

KUALA LUMPUR: BCB Bhd, which aims to sell RM400 million worth of properties in the current financial year ending June 30, 2016 (FY16), is optimistic that the weakening of the ringgit and softening property market will not affect its business significantly. BCB group managing director Datuk Tan Seng Leong (pix) said the softening in the […]

December 6, 2015 | By | Reply More
FBM KLCI to trend lower next week

FBM KLCI to trend lower next week

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to trend lower next week but losses would be capped on year-end window dressing activities. A dealer told Bernama that he is expecting the market support level to hover around 1,640-1,650 points and resistance level to be pegged at 1,670 and 1,680 points mainly […]

December 5, 2015 | By | Reply More
Ringgit likely to trade lower next week

Ringgit likely to trade lower next week

KUALA LUMPUR: The ringgit is likely to trade lower against the US dollar next week as traders were still attracted to the greenback on optimism of a potential interest rate increase this month. Inter-Pacific Research Sdn Bhd Head of Research Pong Teng Siew said the ringgit saw range bound trading earlier this week after the […]

December 5, 2015 | By | Reply More
Kancil Awards 2015 Winners

Kancil Awards 2015 Winners

Here is the list of the winners at the 2015 Kancil Awards       Hall of FameDato’ Professor Tony Lee Sin Choy Media PersonalityThe Edge Young Kancil Olivia AriferianiAbiseshana MohanCarmen CheongTBWA Kuala Lumpur Kancil for GoodFishermen IntegratedSama SamaBSN Golden KancilFishermen IntegratedKuching HappyBSN Advertiser of the YearBSN Kancil Student Awards – GoldXpax – Owlsome Sleepover; […]

December 4, 2015 | 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 Malaysia’s encouraging trade data released today. At 5pm, the ringgit was quoted at 4.2215/2265 against 4.2250/2310 on Thursday. The dealer said Malaysia’s exports and trade surplus in October were better than expected, which helped support the ringgit today. October exports grew by 16.7%, […]

December 4, 2015 | By | Reply More