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Persistent selling in heavyweights drags Bursa lower

Persistent selling in heavyweights drags Bursa lower

KUALA LUMPUR: Persistent selling across the board particularly in heavyweight counters dragged Bursa Malaysia to close sharply lower today, dealers said. The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 28.28 points to close at 1,654.37, after fluctuating between 1,649.12 and 1,672.57 throughout the day. A dealer said the market confidence remained fragile amid weak internal […]

August 10, 2015 | By | Reply More
AirAsia and PBMT Indonesia to support the development of productive communities in Indonesia

AirAsia and PBMT Indonesia to support the development of productive communities in Indonesia

JAKARTA: Asia’s largest low-cost carrier AirAsia and one of the world’s largest Syariah micro finance groups, Perhimpunan BMT (PBMT) Indonesia today signed a collaborative agreement to support the development of productive communities in Indonesia with the aim of generating positive social impact. Productive communities are where the impoverished are being engaged in meaningful activities, enabling […]

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UNISAME urges the 9th Pakistan SME Conference 2015 to emphasise on sector priority

UNISAME urges the 9th Pakistan SME Conference 2015 to emphasise on sector priority

Lahore, Aug 10: The Union of Small and Medium Enterprises (UNISAME) intends to present a road map to the government for the uplift of the micro, small to medium sized entrepreneurs and present a 13 points doable agenda at the 9th SME Conference 2015 to be held on Aug 25, 2015 at a local hotel […]

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FTSE Bursa Malaysia update: 69 gainers, 944 losers

FTSE Bursa Malaysia update: 69 gainers, 944 losers

KUALA LUMPUR: At 4.00 p.m. today, there were 69 gainers, 944 losers and 154 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,654.02 down 28.63 points, the FBMACE was at 5,816.33 down 203.81 points, and the FBMEmas was at 11,350.63 down 225.29 points. Turnover was at 1.610 billion shares valued at RM1.483 […]

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SE Asia Stocks: M’sia at more than 2-year low as ringgit falls

SE Asia Stocks: M’sia at more than 2-year low as ringgit falls

The ringgit stayed near a pre-peg 17-year low after news Malaysia’s foreign exchange reserves fell below $100 billion threshold. BANGKOK: Most Southeast Asian stock markets fell on Monday, led by a decline in Malaysia to a more than two-year low, in line with the ringgit depreciation while energy shares came under selling pressure amid weak […]

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IPI grew by 4.3 per cent in June

IPI grew by 4.3 per cent in June

KUALA LUMPUR: Industrial output as measured by the Industrial Production Index (IPI) rose by 4.3 per cent in June supported by manufacturing and mining activities. The Statistics Department said the manufacturing index grew by 4.9 per cent and mining by 4.0 per cent while the electricity index decreased by 2.3 per cent. Food, beverages and […]

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Malaysia’s IPI up 4.3pc in June 2015

Malaysia’s IPI up 4.3pc in June 2015

KUALA LUMPUR: The Industrial Production Index (IPI) increased 4.3 per cent in June 2015 compared with the corresponding month a year ago, the Statistics Department said. In a statement today, the department said the expansion in June 2015 was supported by positive growth in manufacturing (4.9 per cent) and mining (4.0 per cent), while the […]

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Oil prices fall on oversupply fears

Oil prices fall on oversupply fears

HONG KONG: Oil prices fell in Asian trade on Monday, extending weeks of losses after a US report stoked expectations of a global glut of suppliers. US benchmark West Texas Intermediate (WTI) for September delivery was at US$43.57, down from US$43.87 on Friday in New York – its lowest close since March 17. Brent crude […]

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Asian stocks near 1-1/2 year lows on China data; dollar steady

Asian stocks near 1-1/2 year lows on China data; dollar steady

HONG KONG/TOKYO: Asian shares fell within sight of a fresh 1-1/2 year low while commodity currencies such as the Malaysian ringgit fell further on Monday after Chinese data highlighted a deepening slowdown in demand in the world’s industrial powerhouse. News of another monthly decline in Chinese exports – its biggest fall in four months – […]

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Ringgit near 17-year low as Malaysia foreign exchange reserves fall below US$100b

Ringgit near 17-year low as Malaysia foreign exchange reserves fall below US$100b

SINGAPORE: The ringgit stayed near a pre-peg 17-year low on Monday after news Malaysia’ foreign exchange reserves fell below US$100 billion threshold, raising doubts over the currency’s ability to withstand further political fallout and low commodity prices. The ringgit stood at 3.9245 per dollar as of 0109 GMT, compared to the previous close of 3.9220. […]

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