E'S Closet International wants to be listed in the US as it wants the brand to be international, says its chief marketing officer
The higher trade surplus has helped strengthen the ringgit's sentiment.
Strong demand from India and China, lower production and steady domestic consumption are expected to have squeezed palm oil stockpiles as of end-August.
A decline in US manufacturing activity could lead to more Federal Reserve rate cuts this year, thus making the ringgit more appealing for investors.
Palm oil prices are affected by movements in related oils as they compete for a share in the global vegetable oils market.
The fall is in line with the decline in global oil prices, which has led to weaker demand.
AirAsia X has placed a firm order for 12 long-range A330neo planes and 30 medium-range A321XLR models.
The downsized firm order for A330neos follows more than a year of tough negotiations.
The group says it hopes discussions can be concluded by year-end.
Malaysia's top two lenders say they expect interest rates to go down by a quarter point before year-end.
Asian currencies will likely remain on the back foot against a resurgent US dollar but not to a high degree.
Airbus has been in talks for months to sell the latest addition to its narrowbody fleet, the long-range A321XLR, to its largest Asian customer, AirAsia.
All terms contained in the offers will continue to be in full force and effect.
The central bank will publish a draft and seek feedback on the changes in September.
Axiata says there will be 'generally no change' to the shareholding structure of the deal or to top management appointments.
Public Investment Bank says AirAsia’s earnings before interest, taxes, depreciation, and amortisation is within the full year estimates at 48% of its forecast.
The ringgit was also tracking the Chinese yuan which continues to dip against the US dollar amid heightened worries about the US-China trade dispute.
Company attributes it to losses in its sugar business and lower crude palm oil prices but expects to do better by end of the year.
Current chairman Wan Abdul Aziz Wan Abdullah will retire from the board on Oct 31 due to health reasons.
The continuous devaluation of the yuan due to the current US-China trade wars could impact the ringgit in the long run.
The group's positive results are driven by strong performance in the industrial division and recovery in the mining and construction sectors in Australia and China.
Finance Minister Lim Guan Eng says diversifying the country's financing ecosystem will help fund small and medium enterprises.
A slight uptick in oil prices has limited the losses seen in the ringgit, with Brent oil trading 0.65% higher.
Palm oil shipments from Malaysia has surged 177% as China looks for alternative to US soybean oil amid a deepening US-China trade war.