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Wednesday, October 23, 2019

Local Business

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.

Ringgit opens lower

Weaknesses in oil prices also weighed down the ringgit. 

BNM tells banks to report exposure to climate change risk

Climate change can directly affect businesses and pose a broader risk to financial stability.

Ringgit opens lower on global uncertainties

US-China trade war are causing a ripple effect on markets worldwide.

Ringgit opens flat against US dollar

Ringgit has a mixed performance among other major currencies.

Less than 5% of Malaysian travel agents use Thomas Cook

The collapse of the world's oldest tour company will not have much impact on Malaysian travellers, says Matta.

Condo, apartment units below RM300,000 dominate property overhang list

The government's main agenda going forward is to address the need for more affordable housing and finding the right solutions to the property overhang, says deputy minister of finance, Amiruddin Hamzah.

Property sector records RM68.3 bil in transactions in first half of...

The residential sub-sector continued to drive the market, accounting for over 60 per cent of total transactions and nearly 51 per cent in terms of value

Malaysia equity outflow lowest in Asean, as global uncertainty looms

On a year-to-date basis, international funds have taken out RM7.68 billion worth of local equities from Bursa.

Ringgit opens lower against US dollar

A dealer says US dollar demand would sustain over short-term as markets focus on geopolitical risks.

Facebook suspends ‘tens of thousands’ of apps in privacy review

Facebook says tens of thousands of apps are suspended for a variety of reasons.

Dyson plans to add more than 2,000 jobs in Southeast Asia

Job opportunities will be available across Singapore, Malaysia and the Philippines over the next four years.

Petronas enhancing security at critical facilities after Saudi oil attacks

It says drone attack is an escalating risk.

Ringgit higher at opening, tracking higher crude oil prices

The ringgit traded mostly higher against other major currencies except for the British pound.

Ringgit opens moderately lower against US dollar

The cut in interest rates did not significantly impact the Ringgit today.

London overtakes India’s Mumbai in Rupee trading

Rupee trading in United Kingdom soared to US$46.8 billion in April. 

Tony Fernandes takes a step back

The airline chief wants the next generation of AirAsia leaders to move up.

Ringgit opens slightly higher against US dollar

Further monetary easing by the Fed may give push to ringgit.

Khazanah to divest Prince Court to IHH for RM1 bil cash

The fund has signed a conditional agreement to sell the 277-bed hospital in KL's Golden Triangle to IHH's Pantai Holdings Sdn Bhd.

Axiata seeks Malaysia, Indonesia mergers after Telenor talks end

Axiata could see mergers happening for its Indonesian and Malaysian operations within three to five years.

Ringgit opens slightly lower against US dollar

Oil tensions in the middle east impacts the local note to open slightly lower against the US dollar today.

Ringgit higher against US dollar at opening

The gains however, are limited as most investors are cautious ahead of Bank Negara Malaysia’s Monetary Policy Committee meeting today.

Bank Negara expected to hold key interest rate

Of the 24 economists in a Bloomberg survey, 16 are forecasting the benchmark interest rate will stay at 3%, while eight project a 25 basis-point cut.

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