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Foreign currencies supply enough to meet demand, says MAMSB

Foreign currencies supply enough to meet demand, says MAMSB

PETALING JAYA: The Malaysian Association of Money Services Business (MAMSB) has assured the public that there is adequate supply of common foreign currencies in the market to meet current demand. amidst reports of a shortage of supply. On Wednesday, a news report stated that money changers were not stocking up on the dollar due to […]

August 6, 2015 | By | Reply More
Sutra Travel aims to reach 20,000 visitors per month with new global booking portal

Sutra Travel aims to reach 20,000 visitors per month with new global booking portal

KUALA LUMPUR: Sutra Travel Management Sdn Bhd, which officially launched the country’s first international booking portal yesterday, is looking to reach 20,000 visitors per month by 2016, through advertising, marketing and offering different types of travel products. The company currently has around 5,000 visitors per month. The group, through its travel agency business arm, Sri […]

August 6, 2015 | By | Reply More
Petronas Dagangan Q2 net profit up 47.2%

Petronas Dagangan Q2 net profit up 47.2%

PETALING JAYA: Petronas Dagangan Bhd’s second quarter ended June 30, 2015 (Q2) net profit rose 47.16% to RM273.21 million from RM185.65 million a year ago due to higher operating profit of RM375.6 million. In a filing with Bursa Malaysia yesterday, the company said the group operating profit was boosted by higher gross profit by RM46.3 […]

August 6, 2015 | By | Reply More
Asian currencies: Plunging like it’s 1998

Asian currencies: Plunging like it’s 1998

NOT since Bill Clinton was president and Barack Obama was a law professor with a sideline in local politics have the beaches of Bali and Langkawi looked so inviting to Americans. Four years ago, a dollar fetched just over 8,500 Indonesian rupiah, and just under three Malaysian ringgit. Today a dollar is worth nearly 14,000 […]

August 6, 2015 | By | Reply More
€500m for SMEs and midcaps

€500m for SMEs and midcaps

Spain, Aug 6: The European Investment Bank (EIB) and Bankia have concluded a €250m (approximately US$272.6m) loan aimed at facilitating access to funding for SMEs and midcaps. The agreement was signed on Jul 24 by EIB vice-president Román Escolano, and Bankia CEO José Ignacio Goirigolzarri.   Bankia will match the EIB loan with the same […]

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MBSB Q2 net profit plunges 63.2pc

MBSB Q2 net profit plunges 63.2pc

KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) net profit for the second quarter ended June 30, 2015 declined to RM85.55 million from RM232.85 million in the same quarter last year. Revenue, however, rose 10.9 per cent to RM765.78 million from RM672.08 million previously, the company said in a filing to Bursa Malaysia today. In a […]

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Auto sector to remain challenging in 2H this year: Mustapa

Auto sector to remain challenging in 2H this year: Mustapa

PETALING JAYA: The motor vehicle industry, which softened in the first half of 2015, is expected remain challenging in the second half, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed. Vehicle sales in the first half of 2015 fell by 3.3 per cent to 322,184 units from 333,156 units in the previous […]

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Ringgit ends to a new 17-year low against USD

Ringgit ends to a new 17-year low against USD

KUALA LUMPUR: The ringgit fell to a new 17-year low today, dragged down by domestic issues and falling commodity prices, says a currency trader. At 5 pm, the ringgit was quoted at 3.9005/9035 against the US dollar from 3.8760/8790 on Wednesday. The ringgit contracted by as much as 0.4 per cent to 3.8935 per dollar, […]

August 6, 2015 | By | Reply More
Bursa ends lower on profit taking

Bursa ends lower on profit taking

KUALA LUMPUR: Bursa Malaysia ended lower today on major profit taking by foreign investors, fuelled by the weakening ringgit, dealers said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 30.92 points or 1.79 per cent to 1,694.64, after fluctuating between 1,694.64 and 1,722.3 throughout the day. A dealer told Bernama the selling […]

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SBA launches second round of InnovateHER Business Challenge for Innovations that empower women’s lives

SBA launches second round of InnovateHER Business Challenge for Innovations that empower women’s lives

Washington, Aug 6: The US Small Business Administration (SBA) on Tuesday, Aug 4, announced the launch of the 2016 InnovateHER: Innovating for Women Business Challenge and Summit, including a nationwide women’s business competition to highlight innovative products and services that help impact and empower the lives of women and their families.   “The SBA is […]

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