Recent Articles

Export growth in 2016 affected by Chinese demand : Moody's

Export growth in 2016 affected by Chinese demand : Moody's

KUALA LUMPUR: Moody’s says a rebound in Chinese demand is not likely in 2016, and this will continue to dampen Malaysia’s export performance. Malaysia’s October trade surplus likely narrowed to RM9.5 billion from RM9.7 billion surplus in September. “This decline will be driven by the slowing of the Chinese economy, a major source of export […]

December 3, 2015 | By | Reply More
Asian stocks slip after Yellen’s interest hike comments

Asian stocks slip after Yellen’s interest hike comments

Euro volatility expected too, but faith in US economy partially restored TOKYO: Asian stocks slipped and the dollar advanced on Thursday after hawkish comments from Federal Reserve Chair Janet Yellen reinforced the case for an interest rate hike later this month. Japan’s Nikkei .N225 lost 0.3 percent, moving in a tight range as a wait-and-see […]

December 3, 2015 | By | Reply More
HDB resale volume dips 15.9% in November

HDB resale volume dips 15.9% in November

SINGAPORE: The resale volume of Housing and Development Board (HDB) flats shrank in November after rising 16 per cent in October, SRX Property said on Thursday (Dec 3). A total of 1,467 HDB resale flats were sold last month, down from the 1,745 transacted units in October. However, on a year-on-year basis, resale volume was […]

December 3, 2015 | By | Reply More
CTRM  to ramp up ops   with new plant in 2017

CTRM to ramp up ops with new plant in 2017

PUTRAJAYA: CTRM Aero Composites Sdn Bhd will have a new RM100 million plant operational by the second quarter of 2017 in Malacca to ramp up its production capacity to meet the demand for aircraft composite components. CTRM, a unit of DRB-HICOM Bhd, specialises in manufacturing composite components for commercial and military aircraft. CTRM group chief […]

December 3, 2015 | By | Reply More
FBM KLCI opens slightly lower

FBM KLCI opens slightly lower

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly lower this morning on a lack of buying interest and in line with the weaker overnight performance of Wall Street. At 9.10am, it eased 1.72 points to 1,675.05 after opening 4.78 points weaker at 1,671.99. Of the heavyweights, Petronas Chemicals declined five sen […]

December 3, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit reversed yesterday’s gains to open lower in the early session against the US dollar today as the Federal Reserve (Fed) hinted of an imminent interest rate hike, a dealer said. At 9am, the ringgit was quoted at 4.2550/2620 against the greenback from 4.2300/2350 on Wednesday. The hawkish comments of a nearing […]

December 3, 2015 | By | Reply More
Insurance, Takaful sector will remain stable in 2016: Fitch

Insurance, Takaful sector will remain stable in 2016: Fitch

KUALA LUMPUR: The insurance and takaful sector in Malaysia will remain stable in 2016, underpinned by the industry’s solid capitalisation, says Fitch Ratings. M&A (mergers and acquisition) activities are likely to pick up following a quiet 2015. The rating agency said solid capitalisation in Malaysia will also support the sector’s premium growth and potential underwriting […]

December 3, 2015 | By | Reply More
KLCI futures lower in early trade

KLCI futures lower in early trade

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives opened lower today in line with the underlying cash market. At 9.32 am, spot month December 2015 fell 9.0 points to 1,660.5, January 2016 declined 11.5 points to 1,651.5, March 2016 shed 17 points to 1,628 and June 2016 […]

December 3, 2015 | By | Reply More
Malaysia Airlines, Emirates announce code-sharing deal

Malaysia Airlines, Emirates announce code-sharing deal

KUALA LUMPUR: Malaysia Airlines and Dubai-based Emirates on Thursday (Dec 3) announced a code-sharing deal that will cover more than 90 locations in the US, Europe, the Middle East and Africa.  The Beleaguered Malaysian flag-carrier will sever 10 existing code share agreements and drop its own flights to Paris and Amsterdam in 2016.   The […]

December 3, 2015 | By | Reply More
Ringgit opens lower against US Dollar

Ringgit opens lower against US Dollar

KUALA LUMPUR: The ringgit reversed yesterday’s gains to open lower in the early session against the US dollar today as the Federal Reserve (Fed)hinted of an imminent interest rate hike, a dealer said. At 9.00 am, the ringgit was quoted at 4.2550/2620 against the greenback from 4.2300/2350 on Wednesday. The hawkish comments of a nearing […]

December 3, 2015 | By | Reply More