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Affin Bank buys TRX land for RM255m

Affin Bank buys TRX land for RM255m

PETALING JAYA: Affin Bank Bhd is acquiring 54,266 sq ft of land within the financial quarter of the Tun Razak Exchange (TRX) international financial district for RM255 million to house its new headquarters. 1MDB Real Estate, the master developer of TRX, said the sale and purchase agreement (SPA) with Affin Bank was signed after extensive […]

August 10, 2015 | By | Reply More
Indonesia AirAsia licensing dangling by the thread

Indonesia AirAsia licensing dangling by the thread

PETALING JAYA: The Indonesian Ministry of Transportation has extended the deadline for airlines to have positive shareholder equity by end of September but chances of Indonesia AirAsia (IAA) complying is dicey. IAA, the Indonesian affiliate of AirAsia Bhd, could be banned from flying if it fails to comply. IAA is one of 12 airlines affected […]

August 10, 2015 | By | Reply More
Ringgit closes lower against dollar

Ringgit closes lower against dollar

KUALA LUMPUR: The ringgit continued its downtrend to close lower today, dealers said. At 5pm, the ringgit was quoted at 3.9270/9300 against the US dollar from 3.9220/9250 on Friday. The local unit, a dealer said, was dragged down by falling commodity prices and on expectations of the US Federal Reserve hiking interest rates next month. […]

August 10, 2015 | By | Reply More
Persistent selling in heavyweights drags Bursa lower

Persistent selling in heavyweights drags Bursa lower

KUALA LUMPUR: Persistent selling across the board particularly in heavyweight counters dragged Bursa Malaysia to close sharply lower today, dealers said. The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 28.28 points to close at 1,654.37, after fluctuating between 1,649.12 and 1,672.57 throughout the day. A dealer said the market confidence remained fragile amid weak internal […]

August 10, 2015 | By | Reply More
Asian stocks near 1-1/2 year lows on China data; dollar steady

Asian stocks near 1-1/2 year lows on China data; dollar steady

HONG KONG/TOKYO: Asian shares fell within sight of a fresh 1-1/2 year low while commodity currencies such as the Malaysian ringgit fell further on Monday after Chinese data highlighted a deepening slowdown in demand in the world’s industrial powerhouse. News of another monthly decline in Chinese exports – its biggest fall in four months – […]

August 10, 2015 | By | Reply More
Ringgit near 17-year low as Malaysia foreign exchange reserves fall below US$100b

Ringgit near 17-year low as Malaysia foreign exchange reserves fall below US$100b

SINGAPORE: The ringgit stayed near a pre-peg 17-year low on Monday after news Malaysia’ foreign exchange reserves fell below US$100 billion threshold, raising doubts over the currency’s ability to withstand further political fallout and low commodity prices. The ringgit stood at 3.9245 per dollar as of 0109 GMT, compared to the previous close of 3.9220. […]

August 10, 2015 | By | Reply More
June factory output up 4.3% y-o-y, slightly below forecast

June factory output up 4.3% y-o-y, slightly below forecast

KUALA LUMPUR: Malaysia’s June industrial production rose 4.3% from a year earlier, slightly short of market predictions due to lower electricity demand, data from the Statistics Department showed on Monday. A Reuters poll of economists had forecast annual factory output would expand 4.4%, compared with May’s 4.5% which surpassed expectations. Government data earlier indicated that […]

August 10, 2015 | By | Reply More
Petronas steadfast in promoting unity

Petronas steadfast in promoting unity

PETRONAS released the webfilm titled Sampai Hati in conjunction with Hari Raya recently. During the festive season every year, the oil and gas company’s popular webfilms are eagerly anticipated. The often nostalgic, and at times light-hearted, interpretation of Malaysia’s multi-cultural society, embedded with universal themes such as unity, love and social cohesion were made famous […]

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Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower today in continuing the downtrend from last week and seeing a follow-through in the selling of heavyweights by foreign funds, a dealer said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 19.09 points down at 1,663.56 after opening 10.08 points easier at 1,672.57. A dealer said, […]

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Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit continued its slide against the US dollar in early trade today and on the lack of buying support, a dealer said. At 9.02am, the ringgit was quoted at 3.9235/9265 against the greenback from 3.9220/9250 at 5pm on Friday. A dealer said the weakening of commodity prices, coupled with the strengthening of […]

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