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Thursday, June 20, 2019

Local Business

Bursa opens flat, trading ‘directionless’

Bursa Malaysia opens flat trading cautiously ahead of US Federal Reserves's two-day policy meeting.

Malaysian banks top gender diversity in Southeast Asia

Women make up more than 30% of the boards of top Malaysian lenders in comparison with only 9% in the Philippines and 13% in Singapore.

Bank Negara to set up financial threat intelligence platform

The central bank says a dedicated innovation lab will operate from its KL learning centre.

Ringgit opens lower against US dollar amidst heighten trade tension

The Ringgit opened lower today as investors stayed on the sidelines due to global economy uncertainty and the US-China trade war.

Bursa Malaysia easier at opening

Despite global weaknesses and sluggish Chinese industrial data amidst the US-China trade war, Bursa Malaysia opens easier today.

JCorp records RM5.616 bil in revenue for 2018

JCorp does well by recording a higher revenue of RM5.616 billion for its year-end financial year despite uncertainties in the business world.

Malaysian timber exports to reach RM25 bil next year

Last year, nearly RM8 billion in wooden furniture were exported.

Bursa Malaysia likely to trade firmer next week

Bursa Malaysia is likely to trade firmer with an upside bias next week, on the expected return of risk appetite backed by external and local factors.

OCBC’s private bank eyes Malaysia expansion with Pacific Mutual Fund buy

OCBC Bank of Singapore wealth unit will buy Pacific Mutual Fund Bhd as it expands into Malaysia by acquiring an investment firm.

More China firms interested in investing after trade war, says Kian...

The deputy international trade and industry minister says the US-China trade war and other factors have resulted in more China firms showing interest in Malaysia.

Bursa Malaysia rebounds to open higher

Malacca Securities Sdn Bhd says rising geopolitical concerns in the Middle East and the unresolved trade dispute between the US and China will leave sentiments on the wary side.

CFOs told to be competent as part of good governance

Bursa chairman Shireen Ann Zaharah Muhiudeen says this is necessary to enhance Malaysia's capital market and bring it on par with other countries.

Japanese firm to buy Chicken Rice Shop for RM220 million

The deal increases the Japanese restaurant operator's presence in Southeast Asia.

Bursa Malaysia trends lower at mid-morning

The Malaysian stock exchange trends lower at mid-morning, pressured by selling in heavyweight stocks, led by Tenaga and IHH Healthcare.

Penang records huge jump in investments to RM8.85 bil in first...

However, state government is concerned over effects of China-US trade in second and third quarters.

Short-term rates to remain stable on BNM’s operations

Bank Negara Malaysia's short-term rates are expected to remain stable and liquidity is estimated at RM23.42 billion in the conventional system and RM17.64 billion in Islamic funds.

Ringgit opens higher against US dollar

The ringgit rises against the US dollar as fears of a trade war between the US and Mexico simmered down, a dealer said.

Bursa Malaysia consolidates, opens lower

Bursa Malaysia opens lower in consolidation mode, taking the cue from weaker performance on Wall Street, which snapped its longest winning streak in two months.

Malaysian stock market seeing signs of revival

Overseas investors poured nearly RM350 million into the nation’s stocks last week, the most since late January.

Bursa Malaysia continues uptrend at opening

The easing of trade disputes and potential US monetary policy support has added a measure of stability in the market which contributed to the uptrend on Bursa Malaysia.

NEC enters race to supply biometric digital ID system

The digital ID will be used for e-commerce as well as new financial payments such as e-purchases.

Ringgit continues rally against US dollar

The ringgit continues its rally to open higher against the US dollar, bolstered by de-escalating trade tensions between the US and Mexico.

Global investors to return to Malaysia on improved transparency

An economist expects more global investors to return to Malaysia, buoyed by the government’s efforts in bringing down corruption while giving more emphasis to transparency.

Rubber market closes firmer

The Malaysian rubber market closes higher despite the ringgit's gain against the US dollar today.

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