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Ringgit higher against US dollar in early trade

Ringgit higher against US dollar in early trade

KUALA LUMPUR: The ringgit was higher against the US dollar in early trade today on better buying demand as improved global oil prices helped lift market sentiment towards the local note. At 9.07am, the ringgit was quoted at 4.0750/0800 against the greenback from 4.0800/0850 last Friday. A dealer said oil prices rose due to lower […]

August 6, 2018 | By | Reply More
Bursa Malaysia opens on positive note

Bursa Malaysia opens on positive note

KUALA LUMPUR: Bursa Malaysia opened on a positive note today in taking cue from the rise in stocks in the United States and Europe last Friday. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.66-of-a- point better at 1,780.75 from Friday’s close of 1,780.09. The index opened 1.67 points firmer at 1,781.76. […]

August 6, 2018 | By | Reply More
Hong Kong defies market slump with biggest-ever summer IPO haul

Hong Kong defies market slump with biggest-ever summer IPO haul

Companies including Xiaomi Corp. and China Tower Corp. have completed US$19.2 billion of first-time share sales initial public offerings since the beginning of June. People look out from the waterfront in the Tsim Sha Tsui district as buildings across the Victoria Harbour stand illuminated at night in Hong Kong. (Bloomberg pic) HONG KONG: Hong Kong […]

August 6, 2018 | By | Reply More
Global investors bought RM348.9m net of local stocks last week

Global investors bought RM348.9m net of local stocks last week

<p>KUALA LUMPUR: Global investors finally made their way to Malaysian shores, accumulated RM348.9 million net of local stocks last week.</p> © New Straits Times Press (M) Bhd

August 6, 2018 | By | Reply More
T7 Global up 1.12% on O&G services deal

T7 Global up 1.12% on O&G services deal

PETALING JAYA: T7 Global Bhd’s share price rose 1.12% this morning after it entered into an agreement with DIV Diving Engineering Company Ltd and Cornerstone Offshore Pte Ltd to undertake the business of underwater, subsea engineering and services for oil and gas industry in Malaysia. At 10.57am, T7 was trading at 45 sen with 1.53 […]

August 6, 2018 | By | Reply More
Google in talks with Tencent and Inspur for China Cloud

Google in talks with Tencent and Inspur for China Cloud

The cloud initiative aims to run Google internet-based services via domestic data centres and servers of Chinese providers, similar to how other US cloud companies access that market. Tencent’s headquarters in Shenzhen. (Bloomberg pic) SAN FRANCISCO/HONG KONG: The internet giant is in talks with Tencent Holdings Ltd, Inspur Group and other Chinese companies to offer […]

August 6, 2018 | By | Reply More
Oil prices rise after Saudi output dips, U.S. drilling stalls

Oil prices rise after Saudi output dips, U.S. drilling stalls

<p>SINGAPORE: Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.</p> © New Straits Times Press (M) Bhd

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Aug 6: Ringgit opens higher against US dollar

Aug 6: Ringgit opens higher against US dollar

<p>KUALA LUMPUR: The ringgit was traded higher against the US dollar this morning as improved global oil prices helped lift market sentiment towards the local note.</p> © New Straits Times Press (M) Bhd

August 6, 2018 | By | Reply More
Khazanah’s mandate – back to basics

Khazanah’s mandate – back to basics

PETALING JAYA: Losses in investments by state investment arm Khazanah Nasional Bhd drove politicians into a frenzy last week, claiming deviation from mandate and dubious dealings, but as an investment arm what should be its mandate? How do we benchmark success or failure? Asian Development Bank lead economist Jayant Menon told SunBiz in an email […]

August 6, 2018 | By | Reply More
Khazanah’s ‘big and heavy’ trove

Khazanah’s ‘big and heavy’ trove

ESTABLISHED in 1993, Khazanah began its operation a year later after assuming a custodial role in managing the government's commercial assets as well as investing in strategic and high-technology sectors. Over the years, the fund has been investing in the key areas such as aviation, automotive, healthcare and banking. The year 2004 marked its strategic […]

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