Business

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.

Yong Tai signs 5 MoUs involving 5 property projects with GDV of RM7bil

PETALING JAYA: Garment-maker-turned-property developer Yong Tai Bhd has entered into five separate memorandums of understanding (MoUs) to acquire land and businesses that can provide the company with five potential property development projects in the Klang Valley, Malacca and Johor. Yong Tai told Bursa the five projects were expected to carry a combined gross development value (GDV) of RM7bil over the next eight years.

UEM Sunrise wraps up Melbourne 21-storey office tower purchase

KUALA LUMPUR: Property developer UEM Sunrise Bhd has completed the acquisition of a 21-storey office tower in Melbourne, Australia, for A$58mil (RM161mil).

  • 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

'Outperform' call retained for AirAsia, CIMB 'hold'

AIRASIA announced its second quarter 2015 (ending Dec 31) preliminary operating statistics, with the group reporting an increase in traffic volume by 11.3% year-on-year (5.2% quarter-on-quarter) to 14.2 billion revenue-passenger-kilometres (RPK), although its year-on-year load factor was flat at 79%.

4 August 2015 | 12:00AM |

Analyst Reports

Myth: You get what you pay for

EVER had someone tell you “you get what you pay for?” May be true in some circumstances; like when you pay RM40,000 for a Myvi, you don’t expect the performance of a RM300,000 BMW, do you?

3 August 2015 | 12:00AM |

Personal Finance

Crude palm oil price slumps to 11-month low

JAKARTA: Malaysian palm oil futures hit an eleven-month low on Monday, as other vegetable oils traded lower and expectations of weak demand and higher output in the coming weeks weighed on prices.

4 August 2015 | 7:03AM |

Palm Oil

HLIB Research retains Buy on AirAsia

KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) is maintaining its Buy call for AirAsia with a target price of RM3.11 based on an unchanged 10% discount to sum-of-parts.

4 August 2015 | 11:35AM |

Analyst Reports

China stock exchanges step up crackdown on short-selling

SHANGHAI: China stepped up its crackdown on short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation's major brokerages suspended their short-selling businesses.

4 August 2015 | 12:48PM |

Business News

S&P lowers outlook for EU after Greece crisis

NEW YORK: Standard & Poor’s has changed the outlook for the European Union from stable to negative after the bloc’s support for Greece and following Britain’s decision to vote on leaving the EU, S&P reported Monday.

4 August 2015 | 12:46PM |

Foreign News

After five-week shut down, Greek stocks plunge (Update)

ATHENS: Greece's stock market suffered heavy losses on Monday, plunging nearly 23 percent at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone.

3 August 2015 | 3:43PM |

Economy

Maybank opens first branch in Yangon

KUALA LUMPUR: Malayan Banking Bhd (Maybank) opened its first branch in Yangon on Monday which will strengthen the group’s international footprint.

3 August 2015 | 5:31PM |

Banking

Maxis, Axiata main drags as KLCI slides 18pts

KUALA LUMPUR: Profit taking on FBM KLCI stocks sent the index down nearly 18 points at the midday break on Tuesday on selling of Maxis and Axiata, as the last-minute surge the previous day was unsustainable.

4 August 2015 | 1:09PM |

Markets

Korea Inc struggles to keep it in the family

SEOUL: With bitterly feuding siblings, attempted boardroom coups and an act of corporate patricide, the family squabble currently engulfing one of South Korea’s largest conglomerates makes for compelling drama.

4 August 2015 | 1:07PM |

Business

China stock exchanges step up crackdown on short-selling

SHANGHAI: China stepped up its crackdown on short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation's major brokerages suspended their short-selling businesses.

4 August 2015 | 12:48PM |

Business News

S&P lowers outlook for EU after Greece crisis

NEW YORK: Standard & Poor’s has changed the outlook for the European Union from stable to negative after the bloc’s support for Greece and following Britain’s decision to vote on leaving the EU, S&P reported Monday.

4 August 2015 | 12:46PM |

Foreign News

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

HLIB Research retains Buy on AirAsia

KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) is maintaining its Buy call for AirAsia with a target price of RM3.11 based on an unchanged 10% discount to sum-of-parts.

4 August 2015 | 11:35AM |

Analyst Reports

  • Page 1 of 34

Go to page:

 

advertisement

GST Updates

advertisement

advertisement