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Bursa Malaysia up amid positive second quarter GDP

Bursa Malaysia up amid positive second quarter GDP

KUALA LUMPUR: Bursa Malaysia snapped its losing streak to end higher today on technical rebound following the release of positive second quarter 2015 gross domestic product (GDP) figures, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI finished at 1,621.62, up 11.69 points, after fluctuating between 1,605.46 and 1,626.86 throughout the day. The rebound was […]

August 13, 2015 | By | Reply More
No conclusion in sight for TPP talks, Mustapa Mohamed

No conclusion in sight for TPP talks, Mustapa Mohamed

KUALA LUMPUR: Minister of International Trade & Industry Datuk Seri Mustapa Mohamed has hinted that Malaysia will take a longer time to make a decision on whether to join the Trans-Pacific Partnership (TPP) following a failure to make great strides at the TPP ministerial meeting in Hawaii at the end of July. “There was an […]

August 13, 2015 | By | Reply More
IFC, Government of Japan move to boost funding for SMEs in Sao Tome and Principe

IFC, Government of Japan move to boost funding for SMEs in Sao Tome and Principe

Washington, Aug 13: The International Finance Corporation (IFC), a member of the World Bank Group, on Thursday, Aug 6, announced its first long-term financial investment in Sao Tome and Principe, in the form of a risk sharing facility with Banco Internacional de Sao Tome e Principe (BISTP). The investment is supported by donor funds from […]

August 13, 2015 | By | Reply More
M’sian economy grows at slowest pace in nearly two years

M’sian economy grows at slowest pace in nearly two years

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August 13, 2015 | By | Reply More
4.9pc GDP growth considered positive: BMMB CEO

4.9pc GDP growth considered positive: BMMB CEO

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth of 4.9 per cent in the second quarter of 2015 is positive considering the signs of global economic slowdown. “It shows the country’s resilience in terms of exports despite the rest of the world slowing down,” said Bank Muamalat Chief Executive Officer, Datuk Mohd Redza Shah Abdul […]

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Bina Darulaman, Maybank, OCBC ink RM320m financing deal

Bina Darulaman, Maybank, OCBC ink RM320m financing deal

KUALA LUMPUR: Kedah-based property deveopler Bina Darulaman Bhd (BDB) yesterday inked a financing agreement worth RM320 million with Malayan Banking Bhd (Maybank) and OCBC Al-Amin Bank Bhd, to assist its property development projects, expand its quarry business and undertake state-wide road maintenance project. Some RM230 million of the proceeds will be utilized for the construction […]

August 13, 2015 | By | Reply More
KL shares on the uptrend at mid-afternoon

KL shares on the uptrend at mid-afternoon

KUALA LUMPUR: Bursa Malaysia maintained its strong uptrend momentum at mid-afternoon today on gains in heavyweights led by finance-related stocks, dealers said. At 3.05 pm, the key index, FTSE Bursa Malaysia KLCI (FBM KLCI), rose 14.40 points to 1,624.33 points. Among the gainers in finance-related stocks were Maybank, which added 19 sen to RM8.60, CIMB […]

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PIAM revises premium growth downwards

PIAM revises premium growth downwards

KUALA LUMPUR: The General Insurance Association of Malaysia (PIAM) has revised growth for the sector’s gross written premiums to three to four per cent for 2015 from 5.5 per cent to 6.5 per cent previously. This was due to the anticipated weakening of the ringgit against the US dollar, cautious economic outlook, as well as […]

August 13, 2015 | By | Reply More
Bursa remains positive at midday

Bursa remains positive at midday

KUALA LUMPUR: Bursa Malaysia remained in positive territory at mid-day today lifted by continous buying in blue-chip counters amid the announcement of Malaysia’s positive gross domestic product, dealers said. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 16.19 points or one per cent to 1,626.12 after moving between 1,605.46 and 1,626.12 throughout […]

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Kenanga maintains ‘market perform’ call on Nestle

Kenanga maintains ‘market perform’ call on Nestle

KUALA LUMPUR: Kenanga Research has maintained a ‘market perform’ call on Nestle (Malaysia) Bhd following a better first half 2015 performance. Nestlé registered a pre-tax profit of RM403.81 million for its first half ended June 30, 2015, up from RM393.87 million in the corresponding period last year, with revenue at RM2.42 billion compared to RM2.54 […]

August 13, 2015 | By | Reply More