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Bursa Malaysia chairman Tan Sri Amirsham Abdul Aziz speaks at the Invest Malaysia 2016, Kuala Lumpur, Tuesday, April 12, 2016. - RAJA FAISAL HISHAN/The Star.

Foreign funds returning to Malaysia, market capitalisation near all-time high

KUALA LUMPUR: Malaysia is seeing a return of foreign funds to equities, with net inflows totalling RM5.6bil for the three months to March 2016. “Foreign flows are back, market capitalisation is near all-time high,” Bursa Malaysia Bhd chairman Tan Sri Amirsham A Aziz(pic) said in his opening remark at the 12th Invest Malaysia (IMKL2016) conference here yesterday.

Service for members: EPF members checking out the various services at the pension fund’s headquarters in Kuala Lumpur. Sharil says the returns for the syariah-compliant fund will be based on portfolio performance.

EPF says no minimum 2.5% dividend for syariah-compliant fund

KUALA LUMPUR: The Employees Provident Fund (EPF), which is expected to launch a fully syariah-compliant fund by January 2017, will not have a minimum of 2.5% dividend for it. According to EPF chief executive officer Datuk Sharil Ridza Ridzuan, the 2.5% minimum return drops away when members opt for the syariah-compliant fund.

Azman: ‘Growth of 4 to 4.5 is still good, compared with other countries in the world.

Malaysia has potential and must get its act together for higher growth

KUALA LUMPUR: Malaysia has the potential to achieve better growth and must get its act together to achieve that, according to Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar.

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Worst for crude oil prices may be over after major breakout

KUALA LUMPUR: When the US light sweet crude oil futures for the spot month, also known as West Texas Intermediate (WTI) resumed the downward spiral in a rapid pace following a breakdown from the US$30 psychological level in January, many people pressed the panic button and set their minds for a lower-for-longer price scenario.

13 April 2016 | 1:20PM |

Markets

This 2012 file photo shows MOL's office at Berjaya Times Square in Kuala Lumpur.

MOL Global’s Nasdaq journey ends

KUALA LUMPUR: Malaysian e-payment platforms operator MOL Global Inc’s bumpy Nasdaq journey has come to an end after less than two years , with it allowing its American depositary shares (ADSs) to be delisted from the Nasdaq Global Select Market.

13 April 2016 | 11:52PM |

Corporate News

SC facilitates peer to peer financing

KUALA LUMPUR: The Securities Commission (SC) announced the regulatory framework for peer-to-peer financing (P2P), paving the way for small and medium sized companies to access a new avenue of debt funding. The guidelines do not allow personal loans to be raised via the new platforms.

13 April 2016 | 5:17PM |

Corporate News

Sona Petroleum Bhd's top executives - (from left) chief financial officer Datuk Maznah Abdul Jalil, managing director Datuk Seri Hadian Hashim and chairman André van Strijp - at a press conference after Sona's EGM on March 30.

Sona sweetens proposed capital repayment

KUALA LUMPUR: Sona Petroleum Bhd, which is making its second attempt at a qualifying acquisition (QA), has sweetened its proposed capital repayment that is conditional on shareholders’ approving its US$25mil (RM96.9mil) purchase of Stag Oilfield assets in western Australia.

13 April 2016 | 7:54PM |

Corporate News

This 2012 file photo shows MOL's office at Berjaya Times Square in Kuala Lumpur.

MOL Global’s Nasdaq journey ends

KUALA LUMPUR: Malaysian e-payment platforms operator MOL Global Inc’s bumpy Nasdaq journey has come to an end after less than two years , with it allowing its American depositary shares (ADSs) to be delisted from the Nasdaq Global Select Market.

13 April 2016 | 11:52PM |

Corporate News

At 9:37am (Wednesday) in New York, the Dow Jones industrial average was up 132.91 points, or 0.75%, at 17,854.16. The Reuters photo shows traders working on the floor of the New York Stock Exchange.

Banks, China data drive Wall Street gains

NEW YORK: Wall Street was higher on Wednesday as bank earnings kicked off on an upbeat note, with JPMorgan topping profit estimates, and China’s strong trade data raised hopes that the world’s second largest economy was on the road to recovery.

13 April 2016 | 10:23PM |

Foreign News

Sona Petroleum Bhd's top executives - (from left) chief financial officer Datuk Maznah Abdul Jalil, managing director Datuk Seri Hadian Hashim and chairman André van Strijp - at a press conference after Sona's EGM on March 30.

Sona sweetens proposed capital repayment

KUALA LUMPUR: Sona Petroleum Bhd, which is making its second attempt at a qualifying acquisition (QA), has sweetened its proposed capital repayment that is conditional on shareholders’ approving its US$25mil (RM96.9mil) purchase of Stag Oilfield assets in western Australia.

13 April 2016 | 7:54PM |

Corporate News

CIMB nears bancassurance deal with Sompo Japan

TOKYO: CIMB Group Holdings is close to signing an agreement with insurer Sompo Japan Nipponkoa Holdings Inc to distribute general insurance products in Southeast Asia, in a deal worth around US$200 million, a person with direct knowledge of the matter said on Wednesday.

13 April 2016 | 5:49PM |

Corporate News

SC facilitates peer to peer financing

KUALA LUMPUR: The Securities Commission (SC) announced the regulatory framework for peer-to-peer financing (P2P), paving the way for small and medium sized companies to access a new avenue of debt funding. The guidelines do not allow personal loans to be raised via the new platforms.

13 April 2016 | 5:17PM |

Corporate News

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