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Headline inflation seen moderating to 2.6% this year

Headline inflation seen moderating to 2.6% this year

PETALING JAYA: Malaysia’s headline inflation is expected to moderate to 2.6% this year amid unfavourable base effects, according to MIDF Research. In a note today, the firm Research said this is also supported by inflation rate for the first quarter of this year which registered at 1.8% compared to 4.2% in the same period last […]

April 18, 2018 | By | Reply More
March CPI rises 1.3%

March CPI rises 1.3%

PETALING JAYA: Malaysia’s consumer price index (CPI) increased by 1.3% in March 2018 as compared to the same month last year, according to Department of Statistics. CPI for the first three months period increased by 1.8% compared with the same period last year. Among the major groups which recorded increases were the indices for food […]

April 18, 2018 | By | Reply More
Bitcoin’s true believers vow to ride out currency rollercoaster

Bitcoin’s true believers vow to ride out currency rollercoaster

The crowds have thinned somewhat at Bitcoin Center, leaving just the true believers in the volatile cryptocurrency. A bitcoin logo is seen at a facility of the Youth and Sports Ministry in Caracas, Venezuela.(Reuters pic) NEW YORK: The crowds have thinned somewhat at Bitcoin Center, leaving just the true believers in the volatile cryptocurrency. “Two […]

April 18, 2018 | By | Reply More
SCH falls 5% on Q2 net loss

SCH falls 5% on Q2 net loss

PETALING JAYA: SCH Group Bhd’s share price dipped one sen or 5% this morning, after it posted a net loss of RM772,000 in its second financial quarter ended Feb 28, 2018. As at 11.16am, the stock stood at 19 sen with 361,600 shares changing hands. It has a market capitalisation of RM78.3 million. SCH posted […]

April 18, 2018 | By | Reply More
Funding Societies raises over RM100 million

Funding Societies raises over RM100 million

Funding Societies, the first and largest peer-to-peer (P2P) financing platform in Malaysia, has raised RM100 million in Series B funding. Led by Softbank Ventures Korea, the funding round also includes existing investors Sequoia India, Alpha JWC Ventures (Indonesia) and Golden Gate Ventures. Qualgro and LINE Ventures also participated in this over-subscribed round. The lion share […]

April 18, 2018 | By | Reply More
Zelan falls 4.76% on news of arbitration notice

Zelan falls 4.76% on news of arbitration notice

PETALING JAYA: Zelan Bhd’s share price fell half a sen or 4.76% this morning, after announcing that its unit Zelan Holdings (M) Sdn Bhd (ZHSB) has received an arbitration notice from Hitachi Ltd. At 10.50am, the stock stood at 10 sen with 2.3 million shares changing hands. The engineering and construction group has a market […]

April 18, 2018 | By | Reply More
Asian markets rise as Wall St, N.Korea provide positive lead

Asian markets rise as Wall St, N.Korea provide positive lead

New York provided a strong lead, with all three main indexes posting healthy gains on the back of better-than-expected reports from heavyweights including Netflix, Goldman Sachs and Johnson & Johnson. Fresh news on US-North Korea talks and strong US earnings have provided some much-needed good news to equity traders. (AFP pic) HONG KONG: Asian markets […]

April 18, 2018 | By | Reply More
Bursa Malaysia opens higher in early trade

Bursa Malaysia opens higher in early trade

KUALA LUMPUR: Bursa Malaysia extended gains from yesterday to open higher this morning and in taking the lead from the bullish sessions on US, European stock markets, while outweighing lingering concerns over geopolitical and global trade tensions. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved 3.07 points at 1,883.56 from Tuesday’s close […]

April 18, 2018 | By | Reply More
Chinese port with few ships stokes fears in Indian Ocean

Chinese port with few ships stokes fears in Indian Ocean

The Hambantota port has become a prime example of what can go wrong for countries involved in President Xi Jinping’s “Belt and Road” trade and infrastructure initiative. A worker uses a hammer wheile he and colleagues stand in the bucket of an excavator at a construction site of the extension to the Southern Expressway from […]

April 18, 2018 | By | Reply More
Boost for medical fraternity

Boost for medical fraternity

YESTERDAY was a proud day for Penang Medical College (PMC) when it was granted “Foreign University Branch Campus” status by the Malaysian Higher Education Ministry (MoHE). The 10th in Malaysia to attain this status, PMC is now called the Royal College of Surgeons in Ireland (RCSI) andUniversity College Dublin (UCD) Malaysia Campus or RCSI & […]

April 18, 2018 | By | Reply More