Recent Articles

Keep tabs on inflation risks, investors advised

Keep tabs on inflation risks, investors advised

PETALING JAYA: UOB Asset Management (Malaysia) Bhd cautioned investors to stay alert to any possible rise in inflation, which may adversely affect the value of both equity and fixed income securities, despite the current stock market rally. “For example, in the near-term, a sudden rise in inflation may heighten uncertainty about the economy, leading to […]

January 22, 2018 | By | Reply More
Foreign funds maintain buying momentum on Bursa

Foreign funds maintain buying momentum on Bursa

PETALING JAYA: Foreign investors continued with the purchase of Malaysian equities for the fourth consecutive week last week ended Jan 19, although the level seems to be gradually decreasing, MIDF Research said. Based on preliminary data from Bursa, which excluded off market deals, foreign investors acquired RM702.2 million net amount last week, lower than the […]

January 22, 2018 | By | Reply More
MARC affirm AAA rating on BLand

MARC affirm AAA rating on BLand

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its ratings on Berjaya Land Bhd’s (BLand) outstanding RM500 million Medium-Term Notes (MTN) Programme at AAA(fg) and its RM150.0 million MTN Programme at AAA(bg). The outlook for the ratings is stable, MARC noted, affirming that the ratings reflect the unconditional and irrevocable guarantees provided by Danajamin […]

January 22, 2018 | By | Reply More
MSM Malaysia appoints Shaffie as acting CEO, replacing Amri

MSM Malaysia appoints Shaffie as acting CEO, replacing Amri

KUALA LUMPUR: MSM Malaysia Holdings Bhd has appointed Mohd Shaffie Said as acting chief executive officer, replacing Datuk Mohamad Amri Sahari @ Khuzari, who had resigned from the post. In a statement today, MSM noted Amri had resigned and will not return to work. It was previously reported that Amri had decided to leave his […]

January 22, 2018 | By | Reply More
Malaysia to consult WTO on EU palm oil ban

Malaysia to consult WTO on EU palm oil ban

KUALA LUMPUR: Malaysia will voice out unethical and unfair trade practices by the European Union (EU) in the next World Trade Organisation (WTO) meeting, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. In a statement today, he said the European Parliament’s recent vote to phase out the use of palm oil by 2021 […]

January 22, 2018 | By | Reply More
Jan 22: Ringgit continues strong run against major world currencies

Jan 22: Ringgit continues strong run against major world currencies

KUALA LUMPUR: The ringgit continued its climb against the US dollar today, backed by firmer oil prices and Bank Negara Malaysia’s anticipated Overnight Policy Rate announcement on Thursday. At 6pm, the local note finished at 3.9330/9370 against the greenback from 3.9360/9400 on Friday. The ringgit was also traded higher against a basket of other major […]

January 22, 2018 | By | Reply More
Good response at SP Setia UNO Melbourne launch

Good response at SP Setia UNO Melbourne launch

//NST Business   MELBOURNE: SP Setia Bhd has launched its latest  UNO Melbourne project along the A’Beckett Street in the Melbourne central business district (CBD). The UNO Melbourne exclusive preview garnered good interest and response from the buyers in the early morning yesterday. UNO Melbourne is a 65-storey landmark mixed use development by S P […]

January 22, 2018 | By | Reply More
Meridin Bayvue gets direct link to JB East Coast Highway

Meridin Bayvue gets direct link to JB East Coast Highway

KUALA LUMPUR: Mah Sing Group Bhd’s seafront mixed integrated complex, Meridin Bayvue in Sierra Perdana, is set to benefit from a direct connection to the Johor Bahru East Coast Highway. The property developer said this direct access will shorten travel time to 11 minutes since the distance is only 12km between the Johor Bahru East […]

January 22, 2018 | By | Reply More
Ringgit ends higher on firmer oil prices

Ringgit ends higher on firmer oil prices

KUALA LUMPUR: The ringgit remained constructive to close higher against the US dollar today, backed by the firmer oil prices coupled with the anticipated Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) announcement on Thursday. At 6pm, the local note finished at 3.9330/9370 against the greenback from 3.9360/9400 on Friday. OANDA Head of Trading for […]

January 22, 2018 | By | Reply More
VW sees sustained sales growth in Malaysia

VW sees sustained sales growth in Malaysia

PETALING JAYA: German automaker Volkswagen Passenger Cars Malaysia Sdn Bhd (VPCM) is optimistic in achieving sustainable sales growth for this year, underpinned by its sedan, sport utility vehicle (SUV) and hatchback segments. Volkswagen Malaysia managing director Erik Winter said the company would embark on pragmatic approaches towards its dealer networks and continue its offerings including […]

January 22, 2018 | By | Reply More