Local Business

Global oil price increase boosts ringgit at opening

Higher crude price is a positive for Malaysia’s oil and gas revenue.

CIMB picks ex-PNB chief Rahman Ahmad as group CEO

Rahman succeeds Tengku Zafrul Abdul Aziz, who relinquished his post to become finance minister.

Malaysia’s stocks set for bull market as glove makers surge

World's biggest glove makers Top Glove Corp and Hartalega Holdings Bhd lead surge due to global demand during Covid-19 pandemic

Official reserves at US$102 bil as of end-April

Bank Negara says other foreign currency assets amount to US$1,511.9 million

Liquidity of Maybank, CIMB, Public Bank remain strong, says Moody’s

The credit ratings agency says the banks' strong loss-absorbing buffers will help mitigate the rise in asset risk.

Malaysia wooing Japanese industries moving out of China

The international trade and industry ministry is identifying these Japanese companies.

Ringgit eases against US dollar at opening

Oil remains a weak link for local note at below US$40 per barrel.

LTAT weighs taking Boustead private

LTAT which holds the controlling stake in Boustead has reportedly received approval for a loan to finance the deal.

Axiata to pick one more 5G equipment supplier

This opens the doors for the likes of Ericsson to fight it out with dominant player Huawei

Palm oil board confident of higher prices, thanks to better ties...

India recently agreed to start buying Malaysian palm oil again after a four-month gap following a diplomatic row.

Ringgit strengthens against US dollar in early session

Renewed buying interest amid stabilising oil prices boosts local note.

Bank Rakyat gives moratorium on RM6 bil loan repayments

However, it says it needs to be strict with debt recovery after the six-month moratorium period.

Malaysia’s international reserves rise to US$102.6 bil

Bank Negara Malaysia says the reserves are 1.1 times the total amount of short-term external debt.

Ringgit opens lower against US dollar

US-China tension prompts investors to return to safe-haven currencies.

Not the right time to resume Chinese-backed projects, Putrajaya told

Economic effects of projects such as ECRL won't be felt immediately amid Covid-19 crisis, says economist.

Oil price slump amplifies asset risk for regional banks, says Moody’s

However, an analyst says they are better positioned against this crisis than during the previous downturn of 2014-2015.

Stocks head for longest rally in almost 2 years

The FTSE Bursa Malaysia KLCI Index rose 1% to 1,449.64 as of 11.37am, sending valuations to a 10-month high.

Ringgit opens higher against US dollar

Lack of fresh leads keeps investors away from safe-haven currencies.

Ringgit opens slightly lower against US dollar

Renewed concerns over a vaccine for Covid-19 hits local note’s performance.

Govt-owned cargo carrier profits from soaring demand for gloves

MAB Kargo’s performance during the Covid-19 pandemic contrasts with sister company Malaysia Airlines which has been forced to ground most of its planes.

Ringgit rebounds on improved interest towards riskier appetite

Investors encouraged by the global economy’s positive outlook.

Petronas Dagangan slips into the red on lower sales

Petrol station operator declares 5 sen per share interim dividend after RM1.25 bil drop in group revenue.

Multinational brands support RM1 mil frontliners campaign

Captains of marketing communications industry are driving an advertising campaign to salute the sacrifices of Malaysia's unsung heroes.

Ringgit opens lower against US dollar

Lack of buying interest sees local note ease against the greenback.

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