Daniel Khoo

Recent and archived articles by Daniel Khoo

5 Oct 2017 | 7:00 AM

Bank Negara to decide by Dec 31 if alternative cryptocurrency should be banned

KUALA LUMPUR: Those investing in cryptocurrency will know by the end of the year if it would be a legal investment scheme in Malaysia.

Decision soon: Muhammad speaking at the launch of the conference in Kuala Lumpur. He says if Malaysia decides to recognise digital currencies, then guidelines will be issued on Malaysia’s approach towards investing in it.
1 Jan 0001 | 12:00 AM

BNM Governor Tan Sri Muhammad Ibrahim delivers his keynote address at the international conference on financial crimes and terrorism financing 2017.
4 Oct 2017 | 11:01 AM

Bank Negara deciding if cryptocurrencies should be banned

Kuala Lumpur: Bank Negara Malay­sia (BNM) is still deciding if cryptocurrencies should be banned altogether in Malay­sia.

30 Sep 2017 | 7:00 AM

PNB Q3 net income higher at RM10bil

PETALING JAYA: Permodalan Nasional Bhd’s (PNB) net income grew 8.8% to RM10.05bil for the third quarter ending Aug 31, 2017 while its assets under management (AUM) rose 4.2% to RM268.6bil.

Good news: Abdul Wahid (left) and PNB president and CEO Datuk Abdul Rahman Ahmad at the news conference.
28 Sep 2017 | 7:00 AM

Oil & gas stocks dominate the local bourse

PETALING JAYA: Oil and gas (O&G) stocks continued to be the focus on Bursa Malaysia and saw some declines yesterday, tracking the movements of the broader oil markets.

In its research note yesterday, Public Investment Bank (PIB) said the recent rise in oil prices has put the Brent crude oil price within sight of the US$60 per barrel mark, and thus reinforces its “overweight” stance on the sector.
23 Sep 2017 | 7:00 AM

Windfall for local furniture makers

LOCAL furniture makers will gain after the dust settles in the aftermath of the hurricanes that hit the United States and the Caribbean region.

Higher demand: Companies that could see an increase in demand include those which have a strong customer base in the west particularly the United States.
20 Sep 2017 | 7:00 AM

Bank Negara to issue guidelines on cryptocurrencies

KUALA LUMPUR: Two weeks after the Securities Commission issued a stern warning to investors putting money into cryptocurrencies, Bank Negara has now said it will be issuing its guidelines on the issue by year-end.

“We hope to come out with guidelines on cryptocurrencies before the end of the year: in particular, those relating to anti-money laundering and terrorist financing. We want to ensure that there are clear guidelines for those who want to participate in this sector,” Bank Negara Governor Muhammad Ibrahim said on the sidelines of the Global Symposium on Development Financial Institutions.
19 Sep 2017 | 12:51 PM

BNM to issue rules on cryptocurrencies by year end

KUALA LUMPUR: Bank Negara Malaysia (BNM) will issue guidelines on cryptocurrencies by the end of the year.

BNM Governor Tan Sri Muhammad Ibrahim said he was looking at this matter and the details as the new form of currency had attracted a lot of attention around the globe.
18 Sep 2017 | 7:00 AM

Recycling firms to benefit from growth in several industries

PETALING JAYA: Recycling companies are the hidden beneficiaries from the growth that is being experienced in several industries in Malaysia.

Aerial view of part of Jag Bhd's plant in Shah Alam, (Filepic)
15 Sep 2017 | 7:00 AM

Malaysian steel stocks climb, pushed by China output cut

PETALING JAYA: Steel stocks on Bursa Malaysia continued their steady climb yesterday on improving prospects, following China’s stringent move to slash its output and clamp down on more illegal steel mills. Steel companies in focus include Southern Steel, Malaysia Steel Works, and Ann Joo Resources.

Steel companies in focus include Southern Steel Bhd, which gained six sen to close at RM2.43; Malaysia Steel Works (KL) Bhd, which firmed up five sen to RM1.61; and Ann Joo Resources Bhd(pic), which remained unchanged at RM3.68.  Ann Joo, for example, saw its share price tripling over the past two years, said analysts.