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Ringgit ends lower versus US dollar

Ringgit ends lower versus US dollar

KUALA LUMPUR: The ringgit ended lower against the US dollar today, following release of the Federal Reserve’s (Fed) meeting minutes and amid a discouraging global oil price environment, said dealers. At 6pm, the local note was quoted at 3.9150/9190 versus the greenback from 3.9040/9080 on Tuesday. A dealer said the US dollar rose to a […]

February 22, 2018 | By | Reply More
Bursa Malaysia ends lower in range bound trade

Bursa Malaysia ends lower in range bound trade

KUALA LUMPUR: Bursa Malaysia ended lower in range bound trading, weighed down by selling activity in selected heavyweight stocks led by Hong Leong Bank and MISC , dealers said. Hong Leong Bank fell 42 sen to RM18.22 and MISC shed 12 sen to RM7, which together accounted for 2.576 points of the index. At the […]

February 22, 2018 | By | Reply More
Axiata returns to black in Q4, declares 3.5 sen dividend

Axiata returns to black in Q4, declares 3.5 sen dividend

PETALING JAYA: Axiata Group Bhd returned to the black registering a net profit of RM24.73 million for the fourth quarter (Q4) ended December 31, 2017 against a net loss of RM309.5 million in the previous corresponding period, mainly attributable to improved earnings before interest, taxes, depreciation and amortisation (ebitda) and forex gains as apposed to […]

February 22, 2018 | By | Reply More
Sime Darby Plantation looking to buy India edible oil firm

Sime Darby Plantation looking to buy India edible oil firm

KUALA LUMPUR: Sime Darby Plantation Bhd has submitted an expression of interest (EOI) to buy a stake in India’s ailing Ruchi Soya Industries Ltd. Sime Darby Plantation executive deputy chairman and managing director Tan Sri Mohd Bakke Salleh confirmed the EOI, but added that it is still subjected to due diligence and other steps before […]

February 22, 2018 | By | Reply More
EU ban will not impact CPO prices: Sime Darby Plantation

EU ban will not impact CPO prices: Sime Darby Plantation

KUALA LUMPUR: Sime Darby Plantation Bhd, which saw its net profit jump 34% for the second quarter ended Dec 31, 2017 (Q2’18), does not see the demand for palm oil falling and affecting palm oil prices in the event of a ban by the EU. Sime Darby Plantation is the world’s largest oil palm plantation […]

February 22, 2018 | By | Reply More
EU ban will not impact CPO prices: Sime Darby Plantation

EU ban will not impact CPO prices: Sime Darby Plantation

KUALA LUMPUR: Sime Darby Plantation Bhd, which saw its net profit jump 34% for the second quarter ended Dec 31, 2017 (Q2’18), does not see the demand for palm oil falling and affecting palm oil prices in the event of a ban by the EU. Sime Darby Plantation is the world’s largest oil palm plantation […]

February 22, 2018 | By | Reply More
Bank Negara's international reserves decline 0.1% to US$103.6 billion as at Feb 15

Bank Negara's international reserves decline 0.1% to US$103.6 billion as at Feb 15

PETALING JAYA: Bank Negara Malaysia’s international reserves fell 0.1% to US$103.6 billion (RM404.9 billion) as at February 15, 2018, compared with US$103.7 billion as at January 30, 2018. The central bank said in a statement that the reserves position is sufficient to finance 7.1 months of retained imports and is 1.1 times the short-term external […]

February 22, 2018 | By | Reply More
FMM says production cost will ease if ringgit continues to be strong

FMM says production cost will ease if ringgit continues to be strong

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) said the bane of high production cost could be contained if the ringgit strengthens to the RM3.50-RM3.80 range, amid favourable business conditions moving into the first half of this year. The FMM-MIER (Malaysian Institute of Economic Research) Business Condition Survey found that indicators such as sales, production […]

February 22, 2018 | By | Reply More
Public Bank sees higher Q4 earnings, declares 34 sen dividend

Public Bank sees higher Q4 earnings, declares 34 sen dividend

PETALING JAYA: Public Bank Bhd’s net profit rose marginally by 0.2% to RM1.49 billion for the fourth quarter ended December 31, 2017 against RM1.48 billion in the previous corresponding period, supported by higher net interest income, other operating income and contribution from the Islamic banking business. Revenue was up by 5.2% from RM5.08 billion to […]

February 22, 2018 | By | Reply More
Public Bank books higher Q4 earnings, declares 34 sen dividend

Public Bank books higher Q4 earnings, declares 34 sen dividend

PETALING JAYA: Public Bank Bhd’s net profit for the fourth quarter ended Dec 31, 2017 rose marginally to RM1.49 billion from RM1.48 billion in the previous corresponding period, supported by higher net interest income, other operating income and contribution from the Islamic banking business. Revenue was up by 5.2% from RM5.08 billion to RM5.35 billion. […]

February 22, 2018 | By | Reply More