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KLCI regains footing after early morning retreat

KUALA LUMPUR: The FBM KLCI returned to positive territory by midday, partially retracing losses seen in its previous session following a global retreat from equities on the back of US Fed hike fears.

Ringgit continues slide on expectation of US Fed hikes

KUALA LUMPUR:– The ringgit opened lower against the US dollar today, as more investors shifted towards safe haven currencies, due to an expectation that the US Federal Reserve would raise rates four times this year rather than three, dealers said.

Inari-Amertron on multi-year earnings growth, says CIMB Research

KUALA LUMPUR: Inari-Amertron is on multi-year earnings growth, driven by expansion of its Batu Kawan plant, resilient earnings from radio frequency (RF) and new products such as iris and mixed signal tester, says CIMB Equities Research.

RInggit slips as investors move to safe-haven currencies

KUALA LUMPUR:– The ringgit extended losses to open lower against the US dollar today, as more investors shifted interest towards safe-haven currencies and after new US Federal Reserve Chair, Jerome Powell, hinted at further interest rate hikes this year, dealers said.

TSH core pre-tax profit up 38%

PETALING JAYA: TSH Resources Bhd’s core pre-tax profit jumped 38% to RM180mil for financial year ended Dec 31, 2017 (FY17), thanks to higher fresh fruit bunches (FFB) production and stringent cost controls.

Group chairman Datuk Kelvin Tan(pic) said the improving FFB output, coupled with cost control, would continue to lower unit cost of production and raise profitability insofar as CPO price remains at the current level.