Business

Ringgit risk reverses, volatility reduced

KUALA LUMPUR: The difference in the trade between the offshore and onshore ringgit market narrowed yesterday, indicating that the volatility in the domestic currency has reduced for now.

The speakers: (from left) Wong, Goh, Foo and Koong at the forum.
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China is the way to go, market offers tremendous opportunities

KUALA LUMPUR: By virtue of its size, China is a market that small and medium enterprises (SMEs) must strive to tap into in order to achieve greater growth for their businesses, said Malaysian billionaire Goh Peng Ooi.

Malaysia’s June exports defy forecasts, expanding at 5%

KUALA LUMPUR: Malaysia’s exports in June 2015 grew 5% on-year to RM64.3bil, exceeding economists’ expectations of a 2.2% decline, boosted by higher exports to China, Taiwan and the US.

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Pressure on ringgit remains unabated

PETALING JAYA: At RM3.85 to the US dollar, the selling pressure on the ringgit remains unabated on the back of two probable developments – first, the widely speculated put option that traders had gone into a few months ago offering RM4 for every US dollar.

4 August 2015 | 12:00AM |

Economy

Crude oil price in danger of another breakdown

KUALA LUMPUR: West Texas Intermediate traded on the New York Mercantile Exchange, also known as light sweet crude had a nice rebound recently, up from a six-year low of US$42.03 on March 18 to a high of US$62.58 on May 6 in the wake of renewed buying interest.

4 August 2015 | 12:08PM |

Oil & Gas

Ringgit traded weaker against US dollar

KUALA LUMPUR: The ringgit was traded weaker against the US dollar in the early session on Wednesday due to renewed interest for the greenback as declining commodity prices hurt investors confidence further.

5 August 2015 | 11:02AM |

Business News

Global June semicon sales up 2% on-year

KUALA LUMPUR: Global semiconductor sales rose 2% to US$28bil in June but were weaker when compared to the preceding month of May, according to the US-based Semiconductor Industry Association (SIA).

5 August 2015 | 11:31AM |

India’s multi-billion dollar e-commerce battle heats up

MUMBAI: The battle for supremacy in India’s bulging e-commerce market between Amazon, Flipkart and Snapdeal is rapidly heating up with multi-billion dollar investments, trolling on Twitter and squabbling over exclusive selling rights.

5 August 2015 | 1:26PM |

Business

Oil bulls' hope for quick price dip dimmed

HOUSTON: As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year - a speculative slide below US$50 a barrel followed by a quick recovery.

5 August 2015 | 1:57PM |

Business

India’s multi-billion dollar e-commerce battle heats up

MUMBAI: The battle for supremacy in India’s bulging e-commerce market between Amazon, Flipkart and Snapdeal is rapidly heating up with multi-billion dollar investments, trolling on Twitter and squabbling over exclusive selling rights.

5 August 2015 | 1:26PM |

Business

Global June semicon sales up 2% on-year

KUALA LUMPUR: Global semiconductor sales rose 2% to US$28bil in June but were weaker when compared to the preceding month of May, according to the US-based Semiconductor Industry Association (SIA).

5 August 2015 | 11:31AM |

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