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Young investors share experiences

Young investors share experiences

DESPITE the lure of high returns and quick profits of unlicensed investment schemes, two young investors that SunBiz caught up with insist they could not be tempted due to the inherent risks in the schemes and their belief that they are just scams that can collapse at anytime. Delakan Ratha Krisnak, 32, attached with a […]

September 18, 2016 | By | Reply More
Stick to licensed schemes, SC tells investors

Stick to licensed schemes, SC tells investors

PETALING JAYA: The Securities Commission’s (SC) deputy general manager of investor affairs and complaints Khairul Ridzwan Abd Kuddus is urging the public to only invest in licensed schemes in order to protect their own interests. “We’re aware that the general public have been trying to participate (in alternative investments). You really need to check with […]

September 18, 2016 | By | Reply More
FBM KLCI futures likely to track cash market next week

FBM KLCI futures likely to track cash market next week

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives are expected to take a cue from the cash market amid two important meetings to be held next week. An analyst said the market is cautious on the Federal Reserve and Bank of Japan’s meetings, which will set the tone […]

September 17, 2016 | By | Reply More
Ringgit likely to trend lower against US dollar next wee

Ringgit likely to trend lower against US dollar next wee

KUALA LUMPUR: The ringgit is expected to trade in a tight range against the US dollar next week on global uncertainties that will dictate the movement of the dollar. Affin Hwang Investment Bank Vice-President/ Retail Research Head Datuk Dr Nazri Khan Adam Khan said next week the US Federal Reserve and Bank of Japan are […]

September 17, 2016 | By | Reply More
Rising protectionist mood temporary: Mustapa

Rising protectionist mood temporary: Mustapa

KUALA LUMPUR: The rising tide of protectionism against trade globally is expected to be temporary and would depend on respective governments’ efforts to tackle the issue, said Datuk Seri Mustapa Mohamed. The International Trade and Industry Minister said the rise of the anti-globalisation movement is evidenced by Brexit, the vote by British citizens to leave […]

September 15, 2016 | By | Reply More
Perak Transit targets RM37m from share sale

Perak Transit targets RM37m from share sale

KUALA LUMPUR: Ipoh-based Perak Transit Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia Securities Bhd, aims to raise RM36.75 million through its initial public offering (IPO). About 54.42% of the proceeds (RM20 million) will be allocated to partially finance the construction of an integrated public transport terminal in […]

September 15, 2016 | By | Reply More
October CPO export tax increased to 6.5%

October CPO export tax increased to 6.5%

KUALA LUMPUR: An increase in Malaysia’s crude palm oil export tax for October is expected to dampen already weakening demand for the tropical oil, but likely below-average production in coming months could support prices. Crude palm oil (CPO) prices have risen about 9% since July due to tight supplies following last year’s El Nino dry […]

September 15, 2016 | By | Reply More
Malaysia to launch world’s first Islamic venture capital fund

Malaysia to launch world’s first Islamic venture capital fund

PUTRAJAYA: Plans to establish the world’s first Islamic venture capital fund are in the final stage and it will be launched at the right time, said Treasury Secretary-General Tan Sri Irwan Serigar Abdullah. He said teams from the ministry and Jeddah-based Islamic Development Bank (IDB) met twice to finalise the structure of the fund, spearheaded […]

September 15, 2016 | By | Reply More
RM33m Vietnam job for Bintai Kinden unit

RM33m Vietnam job for Bintai Kinden unit

PETALING JAYA: Bintai Kinden Corp Bhd’s sub-subsidiary company Bintai Kindenko (Vietnam) Co Ltd has accepted a letter of intent from Riverview Co Ltd to undertake a 176 billion dong (RM32.56 million) sub-contract for a residential development known as Project Shining in Vietnam. The sub-contract involves mechanical, electrical and plumbing works and a fire-fighting package. Work […]

September 15, 2016 | By | Reply More
ACCCIM: Allow all sectors to hire foreign workers

ACCCIM: Allow all sectors to hire foreign workers

KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) wants the government to allow all sectors to employ foreign workers, after 45% of the Chinese business community said they have been adversely affected by hiring restrictions. President Datuk Ter Leong Yap said the government’s move to limit the hiring of foreign […]

September 15, 2016 | By | Reply More