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Air China’s return to KLIA bodes well for tourism sector

Air China’s return to KLIA bodes well for tourism sector

SEPANG: Chinese tourist arrivals at Kuala Lumpur International Airport (KLIA) are set to surge up to 70% following China’s national carrier Air China’s return to Malaysia, according to Malaysia Airports Holdings Bhd (MAHB) managing director Datuk Badlisham Ghazali. With direct flights four times a week from Beijing using Airbus A330-300 aircraft with a maximum capacity […]

October 26, 2015 | By | Reply More
Fonterra opens shared services hub in Malaysia, its first outside NZ

Fonterra opens shared services hub in Malaysia, its first outside NZ

PUCHONG: New Zealand-based dairy company Fonterra Co-operative Group Ltd has invested RM3 million to open a shared services centre here to enable it to focus on expansion into key growth markets in Asia, the Middle East and China. The shared services centre, known as Global Business Services Asia, will deliver a range of support services […]

October 26, 2015 | By | Reply More
Ringgit to rally this week: MIDF Research

Ringgit to rally this week: MIDF Research

PETALING JAYA: The ringgit is expected to rally this week as the market digests and responds positively to announcements in Budget 2016, which demonstrated the government’s high degree of resilience in keeping its expenditure in check while improving its revenue base, said MIDF Research. “The market must surely take cognisant of the fact that the […]

October 26, 2015 | By | Reply More
Bina Puri bags PR1MA contract

Bina Puri bags PR1MA contract

PETALING JAYA: Bina Puri Holdings Bhd has received a letter of intent from PR1MA Corp Malaysia for the construction of affordable properties in Plentong, Johor, for RM230 million. In a stock exchange filing yesterday, the company said the contract was to build 994 units of PR1MA homes comprising apartments and 20 shops on 18.23 acres […]

October 26, 2015 | By | Reply More
Bursa Malaysia ends lower on profit taking

Bursa Malaysia ends lower on profit taking

KUALA LUMPUR: Bursa Malaysia ended lower today with sentiment dampened by profit taking in most heavyweight counters, despite the positive performance on the regional bourses, dealers said. At 5pm, the benchmark index was up 4.14 points at 1,706.79 after hovering between 1,703.09 and 1,715.95 throughout the day. Market breadth was negative as losers outpaced gainers […]

October 26, 2015 | By | Reply More
Ringgit closes higher against US dollar

Ringgit closes higher against US dollar

KUALA LUMPUR: The ringgit ended Monday’s trading session higher, rebounded from the lower opening today in line with most Asian emerging currencies following China’s decision to impose monetary easing, a trader said. At 5pm, the local unit was quoted at 4.2220/2280 against the US dollar from yesterday’s 4.2250/2350. A dealer said regional currencies rebounded from […]

October 26, 2015 | By | Reply More
Government may review Budget 2016 if crude oil falls below US$48 a barrel

Government may review Budget 2016 if crude oil falls below US$48 a barrel

KUALA LUMPUR: The government plans to review Budget 2016 if the price of Brent crude oil falls the price of Brent crude oil falls below US$48 a barrel. Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said if oil price goes higher than the assumption of US$48 per barrel, the government will have more revenue […]

October 26, 2015 | By | Reply More
The coffee experience

The coffee experience

IF you have always been a coffee connoisseur and will not settle for anything short of the best beans in your morning cuppa, you are in for a treat. Starbucks Malaysia has moved one step up to offer coffee aficionados the ultimate daily brew at its latest concept outlet, its Reserve Store. MORE THAN JUST […]

October 26, 2015 | By | Reply More
KL shares extend gains to open higher

KL shares extend gains to open higher

KUALA LUMPUR: Share prices on Bursa Malaysia extended last week’s gains to open higher today on continued buying momentum in selected heavyweight counters, dealers said. At 9.30am, the benchmark FBM KLCI stood at 1,712.27, up 1.34 points, after opening 4.37 points better at 1,715.30. Market breadth was extremely positive with gainers at 282 to 143, […]

October 26, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback strenghtened following China’s decision to impose monetary easing over the weekend, dealers said. At 9.03am, the local unit was quoted at 4.2520/2615 against the dollar from Friday’s 4.2250/2350. The ringgit traded mixed against other major currencies. It appreciated against the Singapore […]

October 26, 2015 | By | Reply More