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Ringgit in biggest weekly slide of 2015 as stock outflows mount

Ringgit in biggest weekly slide of 2015 as stock outflows mount

KUALA LUMPUR, Aug 7 — Malaysia’s ringgit posted its worst weekly loss of 2015 and stocks slid by the most since May as investors pulled funds amid a slump in oil and a political scandal involving Prime Minister Datuk Seri Najib Razak. The ringgit and the benchmark share index both fell more than 2 per […]

August 7, 2015 | By | Reply More
Malaysia reserves slide below US$100b amid ringgit’s plunge

Malaysia reserves slide below US$100b amid ringgit’s plunge

KUALA LUMPUR, Aug 7 — Malaysia’s foreign-exchange reserves dropped below US$100 billion for the first time since 2010 after the ringgit slid 18 per cent in the past 12 months. BNP Paribas SA, Societe Generale SA and Australia & New Zealand Banking Group Ltd all cut their forecasts this week for Asia’s worst-performing currency, which […]

August 7, 2015 | By | Reply More
Ringgit ends lower against US dollar again

Ringgit ends lower against US dollar again

KUALA LUMPUR, Aug 7 — The ringgit ended lower against the US dollar again today, on weaker demand for the local note due to declining oil prices and the possibility of US interest rate increase next month. At 5pm, the ringgit was quoted at 3.9220/9250 against the US dollar from 3.9005/9035 on Thursday. The local […]

August 7, 2015 | By | Reply More
Ringgit ends lower against US dollar again

Ringgit ends lower against US dollar again

KUALA LUMPUR: The ringgit ended lower against the US dollar again today, on weaker demand for the local note due to declining oil prices and the possibility of US interest rate increase next month. At 5pm, the ringgit was quoted at 3.9220/9250 against the US dollar from 3.9005/9035 on Thursday. The local note eased 0.6 […]

August 7, 2015 | By | Reply More
Bursa M'sia ends lower on profit taking

Bursa M'sia ends lower on profit taking

KUALA LUMPUR: Bursa Malaysia ended lower today on continued profit taking by foreign funds, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 11.99 points, or 0.7 per cent, to 1,682.65 after fluctuating between 1,677.22 and 1,695.18 throughout the day. A dealer told Bernama the cash out phenomenon was apparent when the […]

August 7, 2015 | By | Reply More
Bursa Malaysia ends lower on profit taking

Bursa Malaysia ends lower on profit taking

KUALA LUMPUR, Aug 7 — Bursa Malaysia ended lower today on continued profit taking by foreign funds, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 11.99 points, or 0.7 per cent, to 1,682.65 after fluctuating between 1,677.22 and 1,695.18 throughout the day. A dealer told Bernama the cash out phenomenon was […]

August 7, 2015 | By | Reply More
Hong Kong, China higher at weekly close (VIDEO)

Hong Kong, China higher at weekly close (VIDEO)

HONG KONG, Aug 7 — Hong Kong and Chinese stocks ended the week higher after retaking lost ground as Beijing announced fresh attempts to stabilise mainland markets. The benchmark Hang Seng Index finished up 0.73 per cent, or 177.19 points, to 24,552.47 on turnover of HK$71.36 billion (RM36.08 billion). Banking shares in Hong Kong rallied […]

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Thailand eyes crowdfunding for small firms as credit tightens

Thailand eyes crowdfunding for small firms as credit tightens

BANGKOK (Aug 7): Thailand is hoping that crowdfunding could provide an alternative for small companies struggling to fund growth as banks cut back on lending. Thai banks have tightened lending criteria as the economy falls short of government growth targets and the number of small- and medium-sized enterprises defaulting on loans rises. The Securities and […]

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Millions available to help small businesses reach their full potential

Millions available to help small businesses reach their full potential

United Kingdom, Aug 7: For the first time European Regional Development funds are targeted at Local Enterprise Partnership areas in a major shift to more localised spending   Local organisations working with small firms will now be able to apply for a share of funding from the latest round of the European […]

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Business brisk at North Korea goods store in Seoul

Business brisk at North Korea goods store in Seoul

SEOUL, Aug 7 — A shop in South Korea’s capital specialising in goods made in the North has run nearly US$140,000 (RM549,000) through its tills in just three months of business, helping dispel the notion that products from the impoverished state are shoddy and undesirable. The Kaesong Industrial Complex Shop opened in May showcasing North […]

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