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Monday, October 21, 2019

Local Business

Ringgit unchanged at opening

Low oil prices are not providing support for local currency.

Ringgit opens higher post 2020 budget

Ringgit, however, trades mixed against other major currencies.

Ringgit almost flat against US dollar in early trade

A market trader says the ringgit would come back into focus if the yuan tumult holds.

Exxon Mobil weighs sale of Malaysian offshore assets

Potential bidders for the assets could include other major energy companies with an interest in the region.

Ringgit opens lower against US dollar

The local note is at its low for three consecutive days.

Ringgit opens slightly lower against US dollar

At 9.05am, the ringgit stood at 4.1930 against the greenback from yesterday’s close of 4.1910.

BNM international reserves down at US$103 bil

Bank Negara Malaysia says the reserves are enough to finance retained imports for 7.6 months

Up to Petronas to decide on Saudi Aramco’s offer, says Dr...

The Gulf energy giant is said to have approached several Asian state oil producers to invest in its initial public offering.

Ringgit opens marginally lower against US dollar

On the domestic front, Budget 2020 tabling on Friday would evaluate investor reaction towards the local note.

Budget 2020 main driver to ringgit performance in coming week

Analyst says investors will be looking for any fiscal stimulus that can offset the external economic headwinds.

Ringgit opens higher against US dollar

The release of weaker-than-expected US manufacturing and employment data provides support for Asian currencies.

Grab to raise billions thanks to region’s flourishing internet economy

Value of online transactions, from retail to ride-hailing, expected to reach US$300 bil by 2025.

Ringgit rises against US dollar in early season

US-China trade tensions hurt the greenback, resulting in a better ringgit performance.

Malaysian millennials save money but don’t invest, survey finds

But they are quite disciplined and follow monthly budgets.

Ringgit rises against US dollar in early trade

The weakening of US manufacturing sector shift investor interest towards the ringgit.

Country’s manufacturing sector remains challenging

Challenges remain apparent as clients held out for price discounts amid competitive pressures on industry.

Saudi Aramco approaches Petronas on IPO

Aramco’s advisers are arranging meetings with some potential cornerstone investors this week, sources say.

Ringgit falls against dollar ahead of US manufacturing data release

The ringgit traded mostly higher against other major currencies. 

Malaysian-based institution offers Master’s degree in central banking

The course aims to produce graduates that will hit the ground running after returning to their respective organisations.

Malaysia’s reserves at US$103.49 bil at end-August

Bank Negara Malaysia also says other foreign currency assets amount to US$62.04 million.

Ringgit extends gains in early trade

Demand for the ringgit remained intact after FTSE Russell decided to keep Malaysia on its benchmark World Government Bond Index.

Companies commission appoints Azman Hussin as CEO

He replaces Zahrah Abd Wahab Fenner, who goes on compulsory retirement today.

BSN net profit jumps 119.7% to RM133.8 mil

Positive growth underpinned by 14.5% increase in revenue to RM1.04 billion.

DRB Hicom to gain from Proton’s positive growth

National carmaker expected to be back in the black for the financial year of 2019.