Business

The less competitive economy will have negative repercussions for government revenue.

Malaysia's economy faces more headwinds to stay resilient

KUALA LUMPUR: “Malaysia’s economy is resilient” is a refrain heard countless times since growth started to slow down from 2015.

Tenaga Nasional posts higher Q2 earnings

KUALA LUMPUR: Tenaga Nasional Bhd posted a stronger set of earnings in the second quarter ended Feb 28, 2017 on foreign exchange (forex) translation gains and contributions from associates.

Maxis chief executive office Morten Lundal said it was a good and steady quarter for Maxis with positive underlying momentum.  

Maxis posts higher normalised profit after tax at RM510m in Q1FY17, div 5c

KUALA LUMPUR: Maxis Bhd posted higher normalised profit after tax of RM510mil in the first quarter ended March 31, 2017 while service revenue was stable, underpinned by strong average revenue per user (ARPU).

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AirAsia X's future destination in Europe could be London, Manchester or even Dublin, says Fernandes. - AFP pic

AirAsia X will fly to Europe soon

BANGKOK: AirAsia X will soon be flying to Europe using its Airbus A330 to tap into the growing demand to the region, after the launch of its Kuala Lumpur-Hawaii route on June 28.

27 April 2017 | 11:12PM |

Corporate News

Asia forex weak after Trump's tax plan, ringgit up

BENGALURU: Most emerging Asian currencies weakened on Thursday as risk sentiment remained fragile after much-awaited tax reform plans from US President Donald Trump did not boost investor confidence as expected.

27 April 2017 | 4:10PM |

Economy

With a binary option, investors try to predict if the price of the underlying asset will be above or below a specified price at a specified point in time. It is difficult to make the correct prediction, especially when the time frame before the expiry of the binary option is short. It is very likely that they will not have time to change their prediction or resell their options once they invest. PHOTO: ISTOCKPHOTO

Avoid getting burnt by binary option scams

SINGAPORE: In recent months, the authorities here have issued warnings to investors on a practice known as binary option trading. It is a minefield for those hoping to make a quick buck, particularly when the trading is done via unregulated platforms.

27 April 2017 | 4:38PM |

Stocks

CIMB Niaga’s Q1 net profit up 138%

KUALA LUMPUR: PT Bank CIMB Niaga Tbk (CIMB Niaga) reported an unaudited consolidated net profit of 640 billion rupiah (RM208.9mil) in the first quarter (Q1) of 2017, which represented a 137.9% year-on-year (y-o-y) growth.

27 April 2017 | 11:37PM |

Banking

Genting stocks nudge KLCI into the red, Maybank up

KUALA LUMPUR: Genting Malaysia and Genting Bhd dragged the FBM KLCI into the red at the close on Thursday despite gains in Maybank and Petronas Gas but trading volume rebounded on rising interest again in penny stocks and lower liners.

27 April 2017 | 6:26PM |

Markets

Maybank Indonesia will continue to focus on asset quality, says Abdul Farid.

Maybank Indonesia records higher profit in Q1

KUALA LUMPUR: Maybank Indonesia’s net profit after tax and minority interests (Patami) rose 10.4% to 490.1 billion rupiah (RM160mil) in the first quarter ended March 31, 2017, from 443.9 billion rupiah (RM144.9mil) in the same quarter last year.

27 April 2017 | 11:29PM |

Banking

At 9.04 am(0104gmt), the local note stood at 4.3490/3550 against the greenback from 4.3460/3490 registered at 6pm on Wednesday.

Ringgit lower against US$ early Thursday

KUALA LUMPUR: The ringgit was lower against the US dollar eThursday as the greenback held steady against other currencies after the early announcement of US tax reforms Wednesday.

27 April 2017 | 9:58AM |

Forex

Trump's comments on the dollar last month was among his actions that affected currency market volumes. - Reuters pic

Trump drove forex trade surges in first 100 days - CLS study

LONDON: If anyone doubted how closely traders need to watch US President Donald Trump’s public words or actions, data on Thursday showed trading volumes on the world’s biggest financial market have routinely jumped on-year after some of his most high-profile comments.

28 April 2017 | 12:46AM |

Foreign News

CIMB Niaga’s Q1 net profit up 138%

KUALA LUMPUR: PT Bank CIMB Niaga Tbk (CIMB Niaga) reported an unaudited consolidated net profit of 640 billion rupiah (RM208.9mil) in the first quarter (Q1) of 2017, which represented a 137.9% year-on-year (y-o-y) growth.

27 April 2017 | 11:37PM |

Banking

Maybank Indonesia will continue to focus on asset quality, says Abdul Farid.

Maybank Indonesia records higher profit in Q1

KUALA LUMPUR: Maybank Indonesia’s net profit after tax and minority interests (Patami) rose 10.4% to 490.1 billion rupiah (RM160mil) in the first quarter ended March 31, 2017, from 443.9 billion rupiah (RM144.9mil) in the same quarter last year.

27 April 2017 | 11:29PM |

Banking

AirAsia X's future destination in Europe could be London, Manchester or even Dublin, says Fernandes. - AFP pic

AirAsia X will fly to Europe soon

BANGKOK: AirAsia X will soon be flying to Europe using its Airbus A330 to tap into the growing demand to the region, after the launch of its Kuala Lumpur-Hawaii route on June 28.

27 April 2017 | 11:12PM |

Corporate News

RHB Islamic Bank issues RM250mil sukuk

KUALA LUMPUR: RHB Islamic Bank Bhd, which is eyeing the top three spot in the local Islamic banking industry, has issued RM250mil subordinated sukuk murabahah, its first bond issuance in about three years.

27 April 2017 | 8:51PM |

Corporate News

Genting stocks nudge KLCI into the red, Maybank up

KUALA LUMPUR: Genting Malaysia and Genting Bhd dragged the FBM KLCI into the red at the close on Thursday despite gains in Maybank and Petronas Gas but trading volume rebounded on rising interest again in penny stocks and lower liners.

27 April 2017 | 6:26PM |

Markets

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