Author Archive: The Sun Daily

rss feed

Author's Website

Bursa’s Q4 net profit down on higher operating expenses

Bursa’s Q4 net profit down on higher operating expenses

PETALING JAYA: Bursa Malaysia Bhd saw its net profit for the fourth quarter ended Dec 31, 2015 decline 4.8% to RM50.6 million, compared with RM53.14 million in the previous corresponding quarter, mainly due to higher operating expenses. Revenue increased 5.5% to RM135.56 million, compared with RM128.48 million previously. For the financial year ended Dec 31, […]

February 2, 2016 | By | Reply More
Digi, Maxis announce reallocated spectrum bands

Digi, Maxis announce reallocated spectrum bands

PETALING JAYA: Digi.Com Bhd and Maxis Bhd were the first to announce their spectrum reallocation yesterday, after the Malaysian Communications and Multimedia Commission (MCMC) disclosed that it would reallocate spectrums in the 900MHz and 1800MHz bands among four players by August this year, for full implementation by 1 July 2017. Digi told Bursa Malaysia that […]

February 2, 2016 | By | Reply More
Foreign investors back on Bursa with a bang

Foreign investors back on Bursa with a bang

PETALING JAYA: Foreign investors appear to be making a comeback after three weeks of heavy selling of Asian equity, with the tide reversing suddenly on Bursa Malaysia last week, said MIDF Research. “After dumping shares listed on Bursa in the first three weeks of 2016, foreign investors returned with a proverbial bang last week, mopping […]

February 2, 2016 | By | Reply More
Investors told to be cautious in trading of Lay Hong

Investors told to be cautious in trading of Lay Hong

PETALING JAYA: Bursa Malaysia has cautioned investors trading in Lay Hong Bhd shares due to a sharp spike in its share price, which has risen 45.38% year to date. Yesterday alone, the stock soared 84 sen or 10.13% to RM9.13 yesterday on some 226,900 shares done. “Notwithstanding Lay Hong’s recent announcements, Bursa Malaysia would like […]

February 2, 2016 | By | Reply More
Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit ended lower against the US dollar today tracking the fall in global crude oil prices on growing supply glut, dealers said. At 5pm, the local unit was traded at 4.2050/2100 against the greenback from comoared with 4.1500/1600 last Friday. A dealer said the softer crude oil prices, coupled with the weak […]

February 2, 2016 | By | Reply More
Bursa Malaysia ends lower weighed by losses in heavyweights, plantation stocks

Bursa Malaysia ends lower weighed by losses in heavyweights, plantation stocks

KUALA LUMPUR: Bursa Malaysia closed lower today weighed by losses in selected heavyweights and plantation counters, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI fell 14.62 points to 1,653.18 from last Friday’s 1,667.80, after opening 3.81 points lower at 1,663.99 in the morning. Market breadth was negative with losers outpacing gainers 463 to […]

February 2, 2016 | By | Reply More
New Indian rule backfires, boosts unofficial gold trade

New Indian rule backfires, boosts unofficial gold trade

MUMBAI: Try as it might, the Indian government appears to be unable to curb the country’s love for gold. Its latest attempt – a rule forcing buyers of high-value jewellery to disclose their tax code – has boosted unofficial trading in the world’s second-biggest gold consumer, industry experts say, rather than promote transparency and dent […]

February 2, 2016 | By | Reply More
MBSB share price down on aborted merger plans

MBSB share price down on aborted merger plans

PETALING JAYA: Malaysia Building Society Bhd’s (MBSB) share price fell 3 sen or 2% at the start of the afternoon trading session, after it announced that a proposed merger with Bank Muamalat Malaysia Bhd has been called off, earlier in the morning. The stock is currently trading at RM1.42. In separate filings with Bursa Malaysia, […]

February 2, 2016 | By | Reply More
Ringgit leads Asia  foreign exchange losses as oil slips again

Ringgit leads Asia foreign exchange losses as oil slips again

SINGAPORE: The ringgit led losses among emerging Asian currencies on Tuesday as crude oil prices resumed their slide and global manufacturing activity remained weak, souring investors’ appetite for riskier assets. The ringgit came under further pressure from renewed concerns over 1Malaysia Development Bhd (1MDB). Singapore authorities said they had seized a large number of bank […]

February 2, 2016 | By | Reply More
Taste of nostalgia

Taste of nostalgia

THERE are so many ways in which we enjoy Nestlé Milo – as a warm morning breakfast drink to fuel us for a productive day, a mid-day pick-me-up iced beverage or perhaps the best way, a big spoonful of Milo in the mouth for the perfect treat. Now, Malaysians have another way to relish Milo, […]

February 2, 2016 | By | Reply More