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Monday, May 27, 2019

Local Business

MAHB registers record profit after tax of RM727.3 mil for FY18

The airports operator hopes to replace the baggage handling system and aerotrains at KLIA.

Bursa Malaysia opens higher but turns lower thereafter

The market was jittery as the US Federal Reserve held interest rates steady and showing little appetite to adjust them any time soon.

Bursa Malaysia opens lower

Malaysian stocks continue to stay decoupled from the performance of most global and regional equity markets.

Malaysia’s online hiring up 16%, led by IT and ISP sectors

Software, hardware and telecoms are the job roles with highest demand, according to Monster Employment Index.

Public Bank records higher Q1 net profit

The bank attributes its profitability to healthy loan and deposit growth.

Stock market could be near turnaround, says Aussie financial services company

Macquarie expects similar developments to happen with MRT 3 and the Singapore-Kuala Lumpur high-speed rail project, as well as in the telecom sector.

FGV, PLS Plantation mull JV to develop durian crops

This is part of FGV's strategy to make productive use of unplanted areas that are unsuitable for oil palm and to explore additional revenue streams.

Ringgit flat against US dollar

The ringgit was traded at 4.1310/1350 against the greenback in early trade from 4.1310/1340 on Friday's close.

Foreign selling on Bursa hits 16-week low, says research house

Foreign funds sold RM72 million worth of local equities last week.

Bursa opens easier

The benchmark FBM KLCI fell 2.32 points to 1,636.06, from Friday's close of 1,638.38.

G3 Global, partners to invest RM4 bil in country’s first AI...

The proposed park will serve as a platform for the development of artificial intelligence solutions in speech recognition and robots, among others.

Govt, BNM working to ease housing loan terms and conditions

Finance Minister Lim Guan Eng says action will be taken against banks if house loan applications are rejected without any concrete justification.

Fintech start-up to push for lower cheque processing fee at global...

Paymatic (M) Sdn Bhd, which has been chosen to represent Malaysia at the summit, hopes to promote a solution that could reduce the cost of processing cheques from RM4 to RM0.50.

Bursa opens marginally higher

At 9.10am, the benchmark FBM KLCI was 0.57 of-a-point higher at 1,636.25, from Thursday's close of 1,635.68.

Ringgit flat against US dollar in early trade

The local unit traded at 4.1340/1370 against the greenback from 4.1340/1380 at close yesterday.

‘Bond market will remain resilient despite FTSE Russell’s pullout risk’

RAM Rating Services Bhd confident capable local investors can step in if foreigners decided to exit the corporate bond market.

Petronas Dagangan sets higher capex of RM500 mil for 2019

It says the higher penetration of ride-hailing users and the increasing number of energy efficient vehicles and hybrid vehicles have impacted fuel retailers.

Bursa Malaysia opens almost flat

Public Investment Bank Bhd in a research note said the shares of energy and communication services in the US left the market lower on Wednesday.

MISC expects to secure more jobs this year

The shipping company had bid for jobs worth US$6 billion in the first quarter of 2019.

China’s gearbox company to invest in Iskandar Malaysia

It plans to invest RM28 million on its factory and create 60 highly-skilled jobs for locals.

World Bank sees 4.7% growth for economy in 2019

Lead economist Richard Record says the country's fundamentals are sound.

Bursa Malaysia opens firmer

The benchmark index opened 6.26 points higher at 1,633.70. 

Growth in private investments drops sharply in 2018 from year before

Research think tank calls for holistic plan as investors still cautious.

Bursa opens higher on back of firmer oil prices

The benchmark index opened 2.06 points firmer at 1,624.12. 

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