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Nomura cautious on local stock market on possible macro risks, regime change

Nomura cautious on local stock market on possible macro risks, regime change

KUALA LUMPUR: Nomura, which has set end-2018 FBM KLCI target at 1,830 points, remains neutral on Malaysia’s stock market, citing that macro risks and regime change may weigh on the country’s equity market performance this year. However, its head of Malaysia Equity Research Tushar Mohata said at a media briefing today that possible upside would […]

August 10, 2018 | By | Reply More
Malaysia’s manufacturing sales up 7.8% to RM67.1 billion in June

Malaysia’s manufacturing sales up 7.8% to RM67.1 billion in June

PETALING JAYA: Malaysia registered a 7.8% growth in manufacturing sales to RM67.1 billion in June 2018 against RM62.3 billion in the same month a year ago. The Department of Statistics said in a statement that the growth was driven by the increase in electrical and electronics products (+9.2%); petroleum, chemical, rubber and plastic products (+7.3%); […]

August 10, 2018 | By | Reply More
Malaysia's IPI grows 1.1% in June, mining down 9.4%

Malaysia's IPI grows 1.1% in June, mining down 9.4%

PETALING JAYA: Malaysia’s Industrial Production Index (IPI) growth moderated to 1.1% in June 2018 compared with the same month a year ago, due to a contraction in mining output. This compares with the 4.6% expansion in May. According to the Department of Statistics, the growth in June was supported by an increase in the manufacturing […]

August 10, 2018 | By | Reply More
Malaysia's IPI grows 1.1% in June, mining down 9.4%

Malaysia's IPI grows 1.1% in June, mining down 9.4%

PETALING JAYA: Malaysia’s Industrial Production Index (IPI) growth moderated to 1.1% in June 2018 compared with the same month a year ago, due to a contraction in mining output. This compares with the 4.6% expansion in May. According to the Department of Statistics, the growth in June was supported by an increase in the manufacturing […]

August 10, 2018 | By | Reply More
MAI inks agreement with Indonesian counterpart for collaboration in automotive industry

MAI inks agreement with Indonesian counterpart for collaboration in automotive industry

PETALING JAYA: The Malaysia Automotive Institute (MAI) and Institut Otomatif Indonesia(IOI) inked a memorandum of agreement(MoA) to foster long-term collaboration in the area of automotive industry development. The agreement, which is meant to formalise the mutual collaboration and strengthen the strategic and working relationship between MAI and IOI, focuses on human capital development, supply chain […]

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Taste of Thai

Taste of Thai

CUSTOMERS at 24 HeroMarket outlets were feted to all things Thai last weekend. The event called “Sabai Sabai Thai Food Festival 2018” was jointly organised by the Department of International Trade Promotion under the Ministry of Commerce of Thailand (DITP), HeroMarket and HPG Marketing (M) Sdn Bhd. Visitors to the fair were feted with good […]

August 10, 2018 | By | Reply More
Jet Airways under pressure from India’s budget flight boom

Jet Airways under pressure from India’s budget flight boom

Shares of the carrier, part-owned by Etihad Airways PJSC, plunged as much as 15% Friday in Mumbai after the company postponed announcing its first-quarter earnings. Views of Indian Airlines Jet Airways. (Bloomberg pic) NEW DELHI: Jet Airways India Ltd. was once at the forefront of India’s rapidly growing market for air travel, but a challenge […]

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Indian rupee near record low over coming year; trade anxiety weighs

Indian rupee near record low over coming year; trade anxiety weighs

The Indian currency has lost over 7% this year, with worries over the U.S.-China trade conflict pushing it to a new record low of 69.122 against the dollar in July Indian Rupee nears a record low in coming year. (Reuters Pic) BENGALURU: India’s battered rupee will trade in a tight range in the coming year […]

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Supermax shares fall 2.34% after Stanley Thai loses bid to be reappointed

Supermax shares fall 2.34% after Stanley Thai loses bid to be reappointed

PETALING JAYA: Supermax Corp Bhd’s share price fell 2.34% this morning after Datuk Seri Stanley Thai Kim Sim failed in his bid to be reappointed as director. At midday, the stock was 2.34% or 10 sen lower at RM4.18 with 4.34 million shares changing hands. The stock was the 14th top loser on the bourse […]

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Gamuda shares rebound after accepting Splash takeover offer

Gamuda shares rebound after accepting Splash takeover offer

PETALING JAYA: Gamuda Bhd’s share price rose 1.35% this morning after its 40%-owned associate company Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) accepted the RM2.55 billion takeover offer. At 11.34am, the stock was 1.35% or 5 sen higher at RM3.76 with 1.83 million shares traded. The stock closed 3.6% or 14 sen lower at RM3.71 […]

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