Business

Sentiments remain

PETALING JAYA: Stocks on Bursa Malaysia led losses in Asia outside China, bogged down by fresh domestic political worries amid a still weak market sentiment

Oil price slide sparks selling in emerging market currencies, including ringgit

KUALA LUMPUR: Concerns on crude oil oversupply, which led the West Texas Intermediate (WTI) crude to breach below the key US$50 a barrel mark, has prompted selling momentum in currencies of emerging economies linked to crude exports, including the ringgit.

MPay upbeat on its new payment solution

KUALA LUMPUR: Managepay Systems Bhd (MPay) is looking to capture 10% to 15% of the 1.2 million card acceptance devices to be installed over the next five years, with its new Chip & Pin technology solution, making it the first MyClear certified contact and contactless chip & pin card host and terminal solution to be launched in Malaysia.

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Sunway Construction slips below offer price

KUALA LUMPUR: Sunway Construction’s share price fell below the offer price of RM1.20 in early Wednesday trade due to cautious mood on Bursa Malaysia which had been impacted by foreign selling pressure.

29 July 2015 | 10:09AM |

Corporate News

Loan deal: Chan and Maybank corporate banking MD Caroline Teoh at the agreement signing for a bridging loan facility for the Gardenhill condo project in Melbourne.
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Fajarbaru plans RM728m projects

PETALING JAYA: Small-cap contractor Fajarbaru Builder Group Bhd has property projects with a gross development value (GDV) of RM728mil in Malaysia. Besides that, its first overseas joint-venture project in Melbourne, which has a GDV of A$77mil (RM215.6mil), has seen a take-up rate of 80%.

29 July 2015 | 12:00AM |

Property

Ringgit opens slightly higher against dollar

KUALA LUMPUR: The ringgit was slightly higher against the US dollar in early trade today on mild demand for the local note as some investors remained cautious on the greenback.

29 July 2015 | 10:31AM |

Forex

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AirAsia X sees shifting back to LCCT a good option for now

KUALA LUMPUR: AirAsia X Bhd contends that the ongoing resurfacing works at the KL International Airport 2 (KLIA2) is affecting its operations, according to AirAsia Bhd chief executive officer Aireen Omar. She said the continued works to address the soil depression of the tarmac could cause the airline to incur additional maintenance costs.

28 July 2015 | 12:00AM |

Airlines

China’s gold imports to plunge

MUMBAI: China’s gold imports could fall as much as 40% this year as demand for bullion used to back domestic financing deals decreases, the world’s biggest refiner Valcambi said.

29 July 2015 | 12:00AM |

China

MAHB rules out suggestions to shift back to LCCT

PETALING JAYA: Maintenance works at the KL International Airport 2 (KLIA2) is on-going, according to Malaysia Airports Holdings Bhd (MAHB), but is expected to ‘taper off’ to a minimum level over the next five years. MAHB also ruled out the suggestion to move back to the Low Cost Carrier Terminal (LCCT).

29 July 2015 | 12:00AM |

Airlines

Rate hike: File picture shows a segment of PLUS’ North-South Expressway. Toll rates have not been increased for the past 10 years but highway operators have been compensated by the Government for their reduced income for keeping the rates unchanged.

Toll rate review next year, 5% seen

KUALA LUMPUR: Toll rates under the biggest highway operator in the country – PLUS Malaysia Bhd – will be up for review next year. However, instead of a 10% rate hike, the quantum that is being looked at is about 5%, said sources.

28 July 2015 | 12:00AM |

Stocks

Ringgit opens slightly higher against dollar

KUALA LUMPUR: The ringgit was slightly higher against the US dollar in early trade today on mild demand for the local note as some investors remained cautious on the greenback.

29 July 2015 | 10:31AM |

Forex

Sunway Construction slips below offer price

KUALA LUMPUR: Sunway Construction’s share price fell below the offer price of RM1.20 in early Wednesday trade due to cautious mood on Bursa Malaysia which had been impacted by foreign selling pressure.

29 July 2015 | 10:09AM |

Corporate News

KLCI slips in early trade as Tenaga weighs

KUALA LUMPUR: The FBM KLCI slipped in early Wednesday trade, weighed by Tenaga Nasional, as investors remained cautious after the continued selling by foreign funds and uncertainties on the external front.

29 July 2015 | 9:24AM |

Markets

Asia stocks attempt rebound in early trade Wednesday

SYDNEY: Asian shares attempted a rebound on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve.

29 July 2015 | 8:30AM |

Stocks

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