RSSCategory: News

FBM KLCI dips 1.42pc at midday

FBM KLCI dips 1.42pc at midday

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI ended the morning session 23.23 points or 1.42 per cent lower at 1,613.48, dragged down by losses in heavyweights. The FBM KLCI was hovering between 1,611.71 and 1,629.63 throughout the session. A dealer said the weak performance of the local bourse was in line with its regional […]

August 12, 2015 | By | Reply More
FBM KlCI futures lower a mid-day

FBM KlCI futures lower a mid-day

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives ended the morning session lower today on continuous selling pressure and in line with the cash market. At 12.30pm, August 2015 and December 2015 both lost 21 points to 1,606.5 and 1,580 respectively, September 2015 fell 22.5 points to […]

August 12, 2015 | By | Reply More
Ringgit slides past 4.00 vs USD

Ringgit slides past 4.00 vs USD

KUALA LUMPUR: The ringgit slumped again this morning and crossed the RM4.00 mark versus the US dollar. At 12.35pm it was trading at 4.0275. It opened at 3.9620 from yesterday’s close at 3.9735. The weakness rally continued and market analysts said China’s decision to devalue the yuan for the second day would continue to pressure […]

August 12, 2015 | By | Reply More
CORRECTION: AirAsia clarification

CORRECTION: AirAsia clarification

In our report in the Business Times today ‘AirAsia not moving until klia2 issues resolved’ we had quoted Air Asia Berhad chief executive officer Aireen Omar saying since Kuala Lumpur International Airport 2 (klia2) opening there had been 160 cases of aircraft going over the chock (blocks which are placed to brace a plane’s wheel) […]

August 12, 2015 | By | Reply More
Malaysia ringgit falls below 4 per dollar to 17-year low

Malaysia ringgit falls below 4 per dollar to 17-year low

SINGAPORE/KUALA LUMPUR: Malaysia’s ringgit weakened past the psychologically important 4 per dollar level on Wednesday as regional currencies lost ground after China allowed the yuan to drop for the second straight day.The ringgit fell 1.1 percent to 4.0040 to the dollar as of 0335 GMT, its weakest since Sept. 1, 1998.Malaysia pegged the ringgit at […]

August 12, 2015 | By | Reply More
In fiscal 2015, IFC invests record US$1.8b in Turkey

In fiscal 2015, IFC invests record US$1.8b in Turkey

Istanbul, Aug 12: The International Finance Corporation (IFC), a member of the World Bank Group, had a third consecutive record year in Turkey, investing US$1.8b in projects to support sustainable energy and infrastructure development, improve municipal services, develop public-private partnerships (PPPs), promote local capital markets, and help Turkish companies increase competitiveness and impact. IFC also […]

August 12, 2015 | By | Reply More
Oil prices slide to fresh lows in Asian trade

Oil prices slide to fresh lows in Asian trade

WTI on Tuesday sank to its lowest level since March 2009, while Brent also fell in London, after China’s central bank moved to devalue its currency by nearly two percent against the US dollar. SINGAPORE: Oil prices extended losses in Asia on Wednesday as dealers worried about China’s economy following its surprise currency devaluation, while […]

August 12, 2015 | By | Reply More
RM at 3.99 against USD in early trade

RM at 3.99 against USD in early trade

KUALA LUMPUR: The ringgit continued its slump in early trade today, breaching the 3.99 level per dollar for the first time since the Asian financial crisis 17 years ago. At 9.30 am, the ringgit was quoted 0.8 per cent lower at 3.9920/9970 against the greenback from 3.9600/9630 at 5pm yesterday. Dealers said foreign banks continued […]

August 12, 2015 | By | Reply More
Short term rates to remain stable

Short term rates 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 RM39.86 billion in the conventional system and RM10.93 billion in Islamic funds. The central bank will conduct a RM10.0 billion range-maturity auction for two days […]

August 12, 2015 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Share prices on Bursa Malaysia opened lower today, tracking the performance of regional peers and Wall Street over China’s move to devaluate the yuan by two per cent, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 11.88 points down at 1,624.83, after opening 7.5 points easier at 1,629.21. […]

August 12, 2015 | By | Reply More