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Telent seeks listing on Bursa

Telent seeks listing on Bursa

XIAMEN: China-based Telent Outdoor (Hong Kong) Technology Co Ltd, which is seeking listing on the Main Market of Bursa Malaysia, expects its annual growth momentum of between 20-30% to continue, supported by higher demand for outdoor outfits. Ranked second in the China outdoor outfits market, Telent specialises in the design, manufacture, marketing, brand management and […]

August 16, 2015 | By | Reply More
At least 40 migrants 'suffocated' in hold of boat off Italy

At least 40 migrants 'suffocated' in hold of boat off Italy

ROME: More than 40 migrants have died in the Mediterranean Saturday, the Italian navy said, after apparently suffocating below deck on the boat taking them to Europe. “Operation underway… many migrants saved. At least 40 dead,” the navy said on Twitter, while the Corriere della Sera newspaper said those who died were found in the […]

August 15, 2015 | By | Reply More
Bursa likely to extend downward momentum next week

Bursa likely to extend downward momentum next week

KUALA LUMPUR: Bursa Malaysia is expected to extend its downward momentum next week, in line with regional peers on the back of multi-year low Asian currencies, China-Japan currency war and the impending US rate hike. Affin Hwang Investment Bank Vice-President and Head of Retail Research Datuk Dr Nazri Khan Adam Khan said that local stocks […]

August 15, 2015 | By | Reply More
Ringgit expected to trade cautiously next week

Ringgit expected to trade cautiously next week

KUALA LUMPUR: The ringgit is likely to experience cautious trading next week, amid the uncertain global sentiment, said a trader. “Emerging Asian currencies are expected to continue to be affected by external factors such as the performance of global crude oil and uncertainty on the policy direction in major economies particularly the United States on […]

August 15, 2015 | By | Reply More
Malaysian ringgit at 17-year low on oil, politics, yuan

Malaysian ringgit at 17-year low on oil, politics, yuan

KUALA LUMPUR: Malaysia’s ringgit currency suffered one of its worst one-day declines on Friday, falling to a fresh 17-year low in a protracted slide blamed on concerns over low oil prices and political uncertainty. The ringgit has declined more than 25% over the past year and it weakened another 1.74% to 4.0805 to the dollar […]

August 14, 2015 | By | Reply More
Bursa Malaysia ends week on subdued note

Bursa Malaysia ends week on subdued note

KUALA LUMPUR: Bursa Malaysia, which closed in the red today, ended the week on a subdued note on the back of volatility in the Chinese yuan, falling oil prices and softer ringgit, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 24.80 points to close at 1,596.82, after fluctuating between 1,590.57 and […]

August 14, 2015 | By | Reply More
Ringgit ends 1.68% lower to the greenback

Ringgit ends 1.68% lower to the greenback

KUALA LUMPUR: The ringgit closed 1.68% lower to the US dollar today, on a sell-off ahead of the weekend, a dealer said. At 5pm, the ringgit was quoted at 4.0750/0800 against the greenback from 4.0080/0130 yesterday. Intraday, the ringgit hit the 4.15 level to the dollar for the first time since the Asian financial crisis […]

August 14, 2015 | By | Reply More
Bursa Malaysia opens slightly higher

Bursa Malaysia opens slightly higher

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher today despite a decline in Wall Street’s overnight performance, said a dealer. At 9.10 am, the index was 3.44 points better at 1,625.06, after opening 2.29 points higher at 1,623.91. Gainers led losers 140 to 94, with 148 counters unchanged, 1,418 untraded […]

August 14, 2015 | By | Reply More
Ringgit continues decline against US dollar

Ringgit continues decline against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar Friday as foreign banks continued to offload the local note, a currency trader said. At 9.20am, the ringgit was quoted at 4.0360/0430 against the greenback from 4.0080/0130 at 5pm yesterday. “After taking a breather with a mild rebound against the US dollar yesterday, ringgit continued […]

August 14, 2015 | By | Reply More
Malaysian firms can withstand stock market and ringgit shock

Malaysian firms can withstand stock market and ringgit shock

PETALING JAYA: CIMB Research analyst Terence Wong said Malaysian companies are much stronger now compared to that of the 1997 Asian financial crisis despite having been hit by the plunge in the ringgit, which has subsequently ignited renewed selling pressure in the local stock market. He is maintaining its end-2015 KLCI target of 1,800 points, […]

August 13, 2015 | By | Reply More