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.
icon video

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.

  • previous
  • 1
  • 2
  • 3
  • next
  • Top Stories
  • Latest

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

Best chapter in Pearson breakup story yet to come

LONDON: The best chapter of Pearson's breakup is yet to be written. Selling a 47% stake in book publisher Penguin Random House to co-owner Bertelsmann might generate twice as much as the Financial Times, which the UK group parcelled off to Japan's Nikkei for 844 million pounds (1.2 billion euros) last month.

5 August 2015 | 5:44PM |

Business News

Kellogg to stop using artificial products in cereals, snack bars

NEW YORK: Kellogg Co's Corn Flakes and Rice Krispies are set to turn all-natural soon. The 109-year old company, whose cereals have been a popular breakfast choice for decades, said on Tuesday it was aiming to stop using artificial colors and flavors in its cereal and snack bars by the end of 2018.

5 August 2015 | 6:51AM |

Stocks

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

AirAsia inks deals with Thai, Indonesian units on payments

PETALING JAYA: In a move to enhance the disclosures in the services provided by AirAsia Bhd to its subsidiaries in Indonesia and Thailand, the low-cost carrier entered into an agreement that clearly spells out the terms between the parties, including the payments.

4 August 2015 | 12:00AM |

Airlines

Hartalega Holdings Bhds factory in Batang Berjuntai.

Hartalega profit up 10%

PETALING JAYA: Hartalega Holdings Bhd, the country’s biggest glove-maker in terms of market value, said first-quarter ended June 30 net profit has climbed 9.8% to RM62.7mil, as it benefited from a weaker ringgit and cheaper raw material prices.

5 August 2015 | 12:00AM |

Stocks

Ringgit ends lower against US dollar

KUALA LUMPUR: The ringgit continued to end lower today, despite an increase in the country's exports for June, dampened by the possibility of a US interest rate hike in September, a dealer said.

5 August 2015 | 5:55PM |

Business News

Best chapter in Pearson breakup story yet to come

LONDON: The best chapter of Pearson's breakup is yet to be written. Selling a 47% stake in book publisher Penguin Random House to co-owner Bertelsmann might generate twice as much as the Financial Times, which the UK group parcelled off to Japan's Nikkei for 844 million pounds (1.2 billion euros) last month.

5 August 2015 | 5:44PM |

Business News

China, ASEAN to speed up talk on South China Sea

KUALA LUMPUR: China and the Association of Southeast Asian Nations (ASEAN) agreed on Wednesday to speed up consultations on a Code of Conduct for the disputed South China Sea, the foreign ministers of China and ASEAN member Thailand said on Wednesday.

5 August 2015 | 5:33PM |

ASEAN

Eurozone's July business growth exceeds expectations

LONDON: Eurozone business growth accelerated at the end of last month as companies largely put the Greek debt crisis behind them, suggesting the bloc's economic recovery is on track, a survey showed on Wednesday.

5 August 2015 | 4:08PM |

Business

Indonesian banks boost bad loan provisions

JAKARTA: Several Indonesian big banks have sharply hiked bad loan provisions, helping push combined first-half profits to their first decline in almost a decade, as they fret about the impact of a troubled mining sector and weaker commodity prices on the economy.

5 August 2015 | 4:01PM |

Business

  • Page 1 of 34

Go to page:

 

advertisement

GST Updates

advertisement

advertisement