Local Business

World’s longest bull run set to end amidst Putrajaya power upheaval

PM's abrupt resignation, coronavirus outbreak have finally pushed KLCI Index toward bear territory.

GLC stocks take heat on possible political realignment in morning trading

Consumer products also record huge losses as composite index drops by 15 points at 11am.

Ringgit extends downtrend against US dollar at opening

Uncertain domestic political landscape impacts local note’s performance.

Ringgit continues downtrend on stronger greenback

Weak external demand causes decline in investors’ appetite for local note.  

Top Glove unit to raise RM1.3 bil from perpetual sukuk issuance

Funds raised are to be used to pare down company’s borrowings, earmarked for capex.

Socar secures RM75.2 mil capital injection

Startup eyes expansion into Southeast Asia.

Ringgit continues downtrend amid weaker global economy

Impact of Covid-19 much worse due to China’s increased significance in global economy.

Ringgit opens lower amid stronger dollar

Virus outbreak keeping investors away from Malaysian assets.

Laura Ashley’s Malaysian owner in talks to secure crisis funding

The fashion and furniture retailer, which employs 2,700 people, says it will ‘consider all options’ amid sales slump.

Ringgit continues downtrend as virus fears persist

An analyst says local note will continue to be on sidelines along with other Asean currencies.

India’s Oyo Hotels reports US$335 mil loss on US$951 mil revenue

'We are on the path to profitability,' said Aditya Ghosh, a board member.

Ringgit opens easier against US dollar

Market participants stay on the sidelines for latest development in virus outbreak.

Selangor Customs cancel demand for RM20.65 mil sales tax, penalty from...

The company says it received a letter from the state Customs director on Thursday.

Ringgit lower against US dollar in early trade

Malaysia's poor GDP showing in Q4 2019 shifts investor interest away from the local note.

Lynas shares surge 10% on report licence renewed

This comes amid a report that Putrajaya has extended Lynas' licence by 3 more years.

Weak Q4 GDP drags ringgit lower against US dollar

Rising oil prices should provide some immediate support for local note, says an analyst.

Ringgit opens higher against US dollar

Local note preforms better tracking the firmer Chinese yuan.

Maybank Islamic officially launches first overseas branch in Dubai

It is Malaysia’s first Islamic bank to have a foreign presence.

Malaysia’s palm oil stocks down 13% in January

Exports of CPO products drop significantly from December levels.

Poll predicts slowest GDP growth rate for Malaysia since 2016

The 13 economists polled by Reuters blame the slump on weaker private consumption and external demand.

Ringgit rebounds against US dollar in early trade

Local note also opened higher against other major currencies.

Ringgit opens lower against US dollar

Local note extends last week’s downtrend.

Dip in palm oil sales to India, China temporary setback, says...

Demand affected as people in China avoid restaurants and hotels, as well as India's restriction on refined palm oil.

Ringgit opens lower as dollar remains strong

Greenback continues to rally following China's tariff cuts on US goods.

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