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Gamuda-led consortium succeeds in Penang’s RM27b TMP project bid

Gamuda-led consortium succeeds in Penang’s RM27b TMP project bid

GEORGE TOWN: Gamuda Berhad has emerged as one of three successful bidders for the RM27 billion Penang  Transport Master Plan (TMP) The Penang government today announced the appointment of SRS Consortium – comprising Gamuda (60 per cent), Penang-based Loh Phoy Yen Holdings Sdn Bhd (20 per cent) and Ideal Property Development Sdn Bhd (20 per […]

August 14, 2015 | By | Reply More
Bursa Malaysia opens slightly higher

Bursa Malaysia opens slightly higher

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher today despite a decline in Wall Street’s overnight performance, said a dealer. At 9.10 am, the index was 3.44 points better at 1,625.06, after opening 2.29 points higher at 1,623.91. Gainers led losers 140 to 94, with 148 counters unchanged, 1,418 untraded […]

August 14, 2015 | By | Reply More
Ringgit continues decline against US dollar

Ringgit continues decline against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar Friday as foreign banks continued to offload the local note, a currency trader said. At 9.20am, the ringgit was quoted at 4.0360/0430 against the greenback from 4.0080/0130 at 5pm yesterday. “After taking a breather with a mild rebound against the US dollar yesterday, ringgit continued […]

August 14, 2015 | By | Reply More
KLIBOR Futures untraded at 10am

KLIBOR Futures untraded at 10am

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts on Bursa Malaysia Derivatives were untraded as at 10am. August 2015, September 2015, October 2015 and December 2015 remained pegged at 96.29, 96.30, 96.30 and 96.30, respectively. Open interest stood at 964 contracts.–BERNAMA

August 14, 2015 | By | Reply More
Short-term to remain stable

Short-term to remain stable

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system. BNM estimated today’s liquidity at RM35.80 billion in the conventional system and RM8.92 billion in Islamic funds. The central bank will conduct a RM6 billion conventional money market tender for […]

August 14, 2015 | By | Reply More
Ringgit continues decline against USD

Ringgit continues decline against USD

KUALA LUMPUR: The ringgit opened lower against the US dollar Friday as foreign banks continued to offload the local note, a currency trader said. At 9.20 am, the ringgit was quoted at 4.0360/0430 against the greenback from 4.0080/0130 at 5pm yesterday. “After taking a breather with a mild rebound against the US dollar yesterday, ringgit […]

August 14, 2015 | By | Reply More
KLCI Futures lower in early trade

KLCI Futures lower in early trade

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contracts (FKLI) on Bursa Malaysia Derivatives opened lower today on a lack of buying interest. At 9.35am, spot month August 2015 declined 1.5 points to 1,617, September 2015 fell three points to 1,603.5 and September 2015 eased four points to 1,586.5. Turnover was at 1,394 lots, with […]

August 14, 2015 | By | Reply More
Bursa Malaysia opens slightly higher

Bursa Malaysia opens slightly higher

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher today despite a decline in Wall Street’s overnight performance, said a dealer. At 9.10am, the index was 3.44 points better at 1,625.06, after opening 2.29 points higher at 1,623.91. Gainers led losers 140 to 94, with 148 counters unchanged, 1,418 untraded and […]

August 14, 2015 | By | Reply More
As yuan falls, China’s rich seek safe havens offshore

As yuan falls, China’s rich seek safe havens offshore

Analysts at JPMorgan estimate around $235 billion of “hot money” left the country between the third quarter of 2014 and the end of the second quarter this year. SHANGHAI: For many in the ranks of China’s wealthy, the shock devaluation in the yuan is a cause of regret – that they hadn’t moved more money […]

August 14, 2015 | By | Reply More
IMF presses Europe to provide debt relief for Greece

IMF presses Europe to provide debt relief for Greece

August 14, 2015 WASHINGTON: The International Monetary Fund on Thursday pressed Europe to come forward with debt relief for Greece, saying it would only make a decision on providing further financing for Athens after steps are taken to make its debt burden more sustainable. “We look forward to working with the authorities to develop their […]

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