Recent Articles

Busa Malaysia opens higher

Busa Malaysia opens higher

Kenanga Investment Bank Bhd said that should the market sentiment continue to improve, resistance could be identified at the 1,800 level and possibly 1,830. Bursa Malaysia. (Reuters pic) KUALA LUMPUR: Bursa Malaysia opened higher today, supported by buying interest in most heavyweights and lower liners led by finance-linked stocks, dealers said. At 9.05 am, the […]

August 17, 2018 | By | Reply More
Ringgit opens flat against US dollar

Ringgit opens flat against US dollar

A dealer said traders were holding back as Washington will be resuming trade talks with Beijing next week. Ringgit Malaysia. (FMT pic) KUALA LUMPUR: The ringgit was traded unchanged against the greenback from yesterday’s close as investors awaited the announcement of the country’s second-quarter economic growth report by the central bank. At 9 am, the […]

August 17, 2018 | By | Reply More
JD.com losses surge alongside soaring spending on expansion

JD.com losses surge alongside soaring spending on expansion

JD’s disappointing showing comes a day after top shareholder Tencent Holdings Ltd. reported its first profit drop in 13 years, souring sentiment on Chinese tech companies. Employees stand in front of a digital screen at a showroom inside the JD.com Inc. headquarters in Beijing, China. (Bloomberg pic) BEIJING: JD.com Inc. posted a blowout loss due […]

August 16, 2018 | By | Reply More
Spooked investors yanked US$1.3b from emerging market stocks over the last week: IIF

Spooked investors yanked US$1.3b from emerging market stocks over the last week: IIF

LONDON: Investors rattled by events in Turkey, China and South Africa have pulled US$1.3 billion (RM5.3 billion) out of emerging market stocks in the last week and US$100 million from bonds, according to the Institute of International Finance (IIF), which tracks financial flows. An emerging market selloff has picked up pace over the last week […]

August 16, 2018 | By | Reply More
Indonesian president sets higher economic growth target for 2019

Indonesian president sets higher economic growth target for 2019

JAKARTA: Indonesia’s president unveiled today a higher 2019 growth target for Southeast Asia’s biggest economy and said the government had reacted quickly to maintain stability after turbulence in emerging markets. In his annual budget speech to parliament, President Joko Widodo set a 5.3% economic growth target for 2019, down a notch from 2018’s originally-set goal […]

August 16, 2018 | By | Reply More
Turkey will emerge stronger from currency crisis: Finance Minister

Turkey will emerge stronger from currency crisis: Finance Minister

ISTANBUL: Finance Minister Berat Albayrak assured international investors today that Turkey would emerge stronger from its currency crisis, insisting that the country’s banks were healthy and strong. In a conference call with thousands of investors and economists, Albayrak – who is President Tayyip Erdogan’s son-in-law – said Turkey fully understood and recognised all its domestic […]

August 16, 2018 | By | Reply More
Rehda: Lack of incentives for green building projects

Rehda: Lack of incentives for green building projects

CYBERJAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) highlighted that there is a lack of incentives to encourage developers to embark on green building development, in particular financial incentives, which do not mitigate the high upfront cost of green buildings. Its immediate past president Datuk Seri Fateh Iskandar (pix) said developers face financial […]

August 16, 2018 | By | Reply More
Maxis Concepts lines up RM1.6b worth of launches in FY19

Maxis Concepts lines up RM1.6b worth of launches in FY19

PETALING JAYA: Matrix Concepts Holdings Bhd aims to launch RM1.6 billion worth of new properties in the financial year ending March 31, 2019 (FY19) on the back of resilient demand from home buyers. The property developer said in a statement today the target is 27.2% higher than the RM1. 2 billion worth of launches in […]

August 16, 2018 | By | Reply More
Handal Resources net loss narrows in Q2, thanks to higher revenue

Handal Resources net loss narrows in Q2, thanks to higher revenue

PETALING JAYA: Handal Resources Bhd saw its net loss in the second quarter ended June 30 narrow to RM984,000 from RM1.3 million in the previous corresponding quarter on the back of higher revenue. Revenue for the quarter rose 25.8% to RM14.98 million compared with RM11.9 million in the same period last year, due mainly to […]

August 16, 2018 | By | Reply More
Fresh grads entering financial services not industry-ready: Institute

Fresh grads entering financial services not industry-ready: Institute

PETALING JAYA: Fresh graduates entering the financial services industry (FSI) in Malaysia are frequently not industry-ready, said the Asian Institute of Finance (AIF). According to a study titled “Bridging the Talent Gap: Financial Services Industry and Entry Level Hires in Malaysia” launched by AIF, hiring managers indicated that they are unable to find the right […]

August 16, 2018 | By | Reply More