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ECER draws RM6.3b in investments, on track to meet 2015 target

ECER draws RM6.3b in investments, on track to meet 2015 target

PUTRAJAYA: The East Coast Economic Region (ECER) has attracted RM6.3 billion worth of investments until end-June this year. ECER Development Council chief executive officer Datuk Seri Jebasingam Issace John said the region was on track to achieve this year’s RM12 billion investment target. “One of ECER’s key achievements is that the investments in the region […]

August 13, 2015 | By | Reply More
Economy remains on steady path

Economy remains on steady path

KUALA LUMPUR: The Malaysian economy grew by 4.9 per cent in the second quarter. Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said the economy remains on a steady growth path. Malaysia remains one of the better performing economies despite the unsettling times. She said the economy will remain resilient in the face of […]

August 13, 2015 | By | Reply More
Chinese import: MSMEs are facing tough competition

Chinese import: MSMEs are facing tough competition

India, Aug 13: The Indian Micro, Small and Medium Enterprises (MSMEs) are facing tough competition from low-priced Chinese products as is evident in high growth of India’s imports from China. As per information compiled from Director General of Commercial Intelligence & Statistics in respect of 12 major product groups, largely manufactured by MSMEs in India […]

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KL shares extend gains

KL shares extend gains

KUALA LUMPUR: Share prices on Bursa Malaysia extend earlier gains at mid-morning today with renewed buying momentum seen across the board, dealers said. At 11.01am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 14.32 points higher at 1,624.25. A dealer said the bourse was upbeat on expectations of resilient second quarter gross domestic product (GDP) […]

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FTSE Bursa Malaysia update

FTSE Bursa Malaysia update

KUALA LUMPUR: At 10.30am today, there were 464 gainers, 191 losers and 229 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,622.20 up 12.27 points, the FBMACE was at 5,556.62 up 129.49 points, and the FBMEmas was at 11,103.98 up 87.96 points. Turnover was at 621.178 million shares valued at RM468.125 million.–BERNAMA

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Short-term rates to remain stable on BNM’s intervention

Short-term rates to remain stable on BNM’s intervention

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system. BNM estimated today’s liquidity at RM36.870 billion in the conventional system and RM13.250 billion in Islamic funds. The central bank will conduct a RM6 billion conventional money market for seven […]

August 13, 2015 | By | Reply More
Ringgit records slight improvement with 3.99 against USD

Ringgit records slight improvement with 3.99 against USD

KUALA LUMPUR: The ringgit, on a downtrend of late, took a breather today with a mild rebound against the US dollar in the early session, dealers said. At 9.30am, the ringgit was quoted at 3.9900/9970 against the greenback from 4.0375/0415 at 5pm yesterday. A dealer said the ringgit’s slight improvement was on expectations of a […]

August 13, 2015 | By | Reply More
Ringgit takes a breather with mild rebound

Ringgit takes a breather with mild rebound

KUALA LUMPUR: The ringgit, on a downtrend of late, took a breather today with a mild rebound against the US dollar in the early session, dealers said. At 9.30am, the ringgit was quoted at 3.9900/9970 against the greenback from 4.0375/0415 at 5pm yesterday. A dealer said the ringgit’s slight improvement was on expectations of a […]

August 13, 2015 | By | Reply More
Bursa Malaysia snaps losing streak

Bursa Malaysia snaps losing streak

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher today, snapping a losing streak of late, and in tracking the performance of regional peers as well as Wall Street, dealers said At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.63 points higher at 1,622.56, after opening 4.3 points easier at […]

August 13, 2015 | By | Reply More
Bursa Malaysia opens higher

Bursa Malaysia opens higher

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher today, snapping a losing streak of late, and in tracking the performance of regional peers as well as Wall Street, dealers said At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.63 points higher at 1,622.56, after opening 4.3 points easier at […]

August 13, 2015 | By | Reply More