Resilient economy: Zeti says Bank Negara does see the risk of faster inflation after the first quarter of 2016 and interest rates at current levels are supportive of growth.

Zeti: Bank Negara’s action against 1MDB vital for integrity

LIMA: Bank Negara had to take action against 1Malaysia Development Bhd (1MDB) to protect the integrity of the financial system, according to governor Tan Sri Dr Zeti Akhtar Aziz, who said an improvement in the country’s political situation would help the ringgit.

Abdalla: ‘I remain confident that our industry’s best days are yet to come.’ — EPA

Mixed views on oil price advance

PETALING JAYA: The over 10% month-on-month jump in oil prices has gotten analysts on a debate.

Exceeding target: (from left) DiGi.Com Bhd chief network officer Kesavan Sivabalan, CEO Albern Murty and chief marketing officer Christian Thrane at the event in Shah Alam to mark the achievement of 50 population coverage for its 4G long-term evolution network nationwide.  See page 3

DiGi 4G LTE network achieves 50% population coverage

SHAH ALAM: DiGi.Com Bhd has successfully achieved 50% population coverage for its 4G Long-Term Evolution (LTE) network nationwide, possibly giving it the widest network for high-speed mobile broadband in Malaysia among the “big three” telcos presently.

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Ringgit lower against the US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar on Tuesday on further profit taking after last week's rally, said a dealer.

13 October 2015 | 10:42AM |


MIDF Research ups Litrak target price after toll hike

KUALA LUMPUR: Lingkaran Trans Kota Holdings Bhd (Litrak), the concessionaire of SPRINT highways which have obtained toll rate hikes, is expected to contribute positively to the earnings as some of the increase is expected to flow directly to the company.

13 October 2015 | 12:24PM |

Analyst Reports

Pressure mounts: The ECB headquarters in Frankfurt, Germany. The central bank looks set to implement another round of quantitative easing, as does the Bank of Japan which has been stuck in some form of quantitative easing since 2001. — Bloomberg

Central bank cavalry can no longer save the world

LIMA: In 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. Seven years on and trillions of dollars later they no longer have the answers and may even represent a major risk for the global economy.

12 October 2015 | 12:00AM |


Property veteran LaBrooy to retire

KUALA LUMPUR: Property veteran Datuk George Stewart LaBrooy will retire as chief executive officer of Axis REIT Managers Bhd, the manager of Axis Real Estate Investment Trust, on Dec 31.

13 October 2015 | 6:40PM |

Corporate News

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