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Monday, October 21, 2019

Local Business

Malaysian fashion firm to seek Nasdaq listing

E'S Closet International wants to be listed in the US as it wants the brand to be international, says its chief marketing officer

Strong export data lifts ringgit in early trading

The higher trade surplus has helped strengthen the ringgit's sentiment.

Palm reserves seen at 14-month low on higher exports

Strong demand from India and China, lower production and steady domestic consumption are expected to have squeezed palm oil stockpiles as of end-August.

Ringgit higher against dollar in early trade

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 futures drop as soyoil prices weaken

Palm oil prices are affected by movements in related oils as they compete for a share in the global vegetable oils market.

Ringgit falls against US dollar in early session

The fall is in line with the decline in global oil prices, which has led to weaker demand.

AirAsia X places US$5 billion Airbus order

AirAsia X has placed a firm order for 12 long-range A330neo planes and 30 medium-range A321XLR models.

AirAsia cuts Airbus A330neo order plans

The downsized firm order for A330neos follows more than a year of tough negotiations.

Sime Darby in talks with 3 parties to sell Liberia estates

The group says it hopes discussions can be concluded by year-end.

Maybank, CIMB expect another rate cut, squeezing margins slightly

Malaysia's top two lenders say they expect interest rates to go down by a quarter point before year-end.

Ringgit continues downtrend against US dollar at opening

Asian currencies will likely remain on the back foot against a resurgent US dollar but not to a high degree.

AirAsia close to adjusting Airbus order plans

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.

MOF Inc, Kesas extend talks on highway takeover to Oct 31

All terms contained in the offers will continue to be in full force and effect.

Malaysia revising rules against money laundering

The central bank will publish a draft and seek feedback on the changes in September.

Axiata says merger plan with Norway’s Telenor on track

Axiata says there will be 'generally no change' to the shareholding structure of the deal or to top management appointments.

AirAsia shares fall on weaker Q2 results

Public Investment Bank says AirAsia’s earnings before interest, taxes, depreciation, and amortisation is within the full year estimates at 48% of its forecast.

Ringgit continues downtrend, opens lower against US dollar

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.

FGV revenue down by half in 2nd quarter

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.

Sime Darby names PNB group CEO Abdul Rahman Ahmad as new...

Current chairman Wan Abdul Aziz Wan Abdullah will retire from the board on Oct 31 due to health reasons.

Ringgit opens marginally lower against US dollar

The continuous devaluation of the yuan due to the current US-China trade wars could impact the ringgit in the long run.

Sime Darby’s 4th quarter profits up 53% at RM948 mil

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.

Guan Eng emphasises need to diversify financing ecosystem

Finance Minister Lim Guan Eng says diversifying the country's financing ecosystem will help fund small and medium enterprises.

Ringgit extends downtrend against US dollar

A slight uptick in oil prices has limited the losses seen in the ringgit, with Brent oil trading 0.65% higher.

Mooncakes boost demand for palm oil

Palm oil shipments from Malaysia has surged 177% as China looks for alternative to US soybean oil amid a deepening US-China trade war.

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