Ringgit opens higher against the US dollar
KUALA LUMPUR: The ringgit opened higher for the third consecutive day lifted by interest in emerging market assets, dealers said. At 9.50 am, the local unit stood at 4.2845/2885 against the greenback compared with yesterday’s close of 4.2830/2870. A dealer said the sentiment was expected to continue to drive the ringgit’s movement today. Meanwhile, the […]
Time to get charged up and moving
TO Zumba fans, especially those who had a whale of a time at last year’s Watsons Move Your Body Zumba shindig, it is time again to get into gear and warm up for the “huge and happening” party at Sunway Lagoon Surf Beach on Oct 21. JOIN WATSONS FREE ZUMBA TOURS To get you started […]
KL shares open higher on continued investor confidence
KUALA LUMPUR: Share prices on Bursa Malaysia extended yesterday’s gains to open better this morning on continued investor confidence, dealers said. The FTSE Bursa Malaysia KLCI (FBM KLCI) opened 2.58 points higher at 1,759.85 but slipped thereafter. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.04% or 0.71 of-a-point better at 1,757.98 […]
Singtel's NetLink makes muted debut
SINGAPORE: NetLink NBN Trust units closed steady at their offer price yesterday, although analysts said the muted debut was not a surprise given the large size of the listing and that the outlook for Singapore’s initial public offering (IPO) market remained positive. The city-state has been previously pegged as the likely hot spot for IPOs […]
Capitaland Malaysia Mall Trust registers slightly lower net property income
PETALING JAYA: CapitaLand Malaysia Mall Trust (CMMT) registered net property income (NPI) of RM59.8 million for the second quarter ended June 30, 2017, slightly lower than the RM60 million for the corresponding period last year. Its manager CapitaLand Malaysia Mall REIT Management Sdn Bhd (CMRM) said this largely due to lower contribution from the Klang […]
Malaysian ports' prospects expected to remain healthy
KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) expects container and cargo handling prospects of Malaysian ports to remain healthy this year, in line with the gradual global economic recovery. In a statement yesterday, RAM Ratings said the throughput growth was expected to remain in the low single-digit levels, akin to the modest 3% recorded […]
mTouche taps into Southeast Asian, Hong Kong digital advertising market
PETALING JAYA: Mobile value-added services and digital media marketing firm mTouche Technology Bhd has inked a comprehensive master collaboration partnership agreement with Advanced Platform Sdn Bhd to tap into the digital media advertising market in Southeast Asia and Hong Kong. mTouche said in a statement that both companies will make significant mutual commitments and investments […]
Euro, BIG propose private placements
PETALING JAYA: Euro Holdings Bhd and BIG Industries Bhd plan to place out shares to raise up to RM4.5 million and RM2.02 million respectively. Euro’s proposed private placement is to be used for working capital purposes and estimated expenses for the exercise. “The exercise will allow the group to raise the necessary funding to finance […]
