Business

Upside for ringgit

PETALING JAYA: The worst seems to be over for the ringgit for now.

Market rally seen temporary

PETALING JAYA: The local stock market and the ringgit rallied to their best levels in weeks after Fitch Ratings upgraded its outlook on Malaysia’s government debt to “stable” from “negative”, but market observers warn that the relief may be temporary as concerns continue to loom.

UEM Sunrise bets on landed properties

NUSAJAYA: UEM Sunrise Bhd sees demand for landed residential properties in Iskandar Malaysia remaining good, as most prospective property buyers still prefer this type of properties.

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How much does Greece owes to international creditors?

BRUSSELS: Greece, which is set to default on an International Monetary Fund debt repayment due on Tuesday, owes official lenders 242.8 billion euros ($172.03 billion pounds), according to a Reuters calculation based on official data.

1 July 2015 | 7:10AM |

Economy

MRCB gets RM1bil Bukit Jalil stadium job

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) is tipped to refurbish the various sports facilities at the National Sports Complex (NSC) in Bukit Jalil, including the 17-year-old Bukit Jalil Stadium, which is the main venue for sporting events in the country.

1 July 2015 | 12:00AM |

Stocks

Maybank to heighten visibility in the US with new appointment

NEW YORK: Malayan Banking Bhd (Maybank) New York has hired Peter Sonza, former executive director and head of the loan markets group at Sumitomo Mitsui Banking Corp (SMBC), as head of corporate banking and loan syndication, according to an internal memo obtained by Thomson Reuters LPC.

1 July 2015 | 10:44PM |

Banking

New township: An artist impression of Bandar Malaysia.

1MDB land spurs interest

PETALING JAYA: 1Malaysia Development Bhd’s (1MDB) land parcels have generated a lot of interest. In two separate statements, 1MDB said it had received “a lot of enquiries for its Bandar Malaysia land” and “proposals” for its land in Air Itam in Penang and Pulau Indah near Port Kiang, Selangor.

1 July 2015 | 12:00AM |

Property

KLCI extends gains at midday

KUALA LUMPUR: The FBM KLCI continued to climb at midday on Thursday after Fitch's positive rating on Malaysia yesterday, which prompted investors into a buying mood in tandem with the mostly firmer regional markets.

2 July 2015 | 12:57PM |

Markets

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