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Opinion: We may be facing a textbook emerging market crisis

Emerging-market stresses have been building since at least 2013. Investors may have forgotten the effect of the “taper tantrum” on the so-called Fragile Five – Brazil, India, Indonesia, Turkey and South Africa, a term coined by Morgan Stanley to describe their vulnerability to capital outflows.

TNB on track to meet forecasts, says Kenanga

KUALA LUMPUR: Kenanga Research believes Tenaga Nasional Bhd's 2Q18 results are on track to meet forecasts while 1H18 core profiut of RM3.25bil was within expectations.

Moody’s see greater ringgit stability under new Bank Negara measures

KUALA LUMPUR: Moody’s Investors Service expects Bank Negara Malaysia’s new measures to its foreign exchange administration could foster greater currency stability in the near term by reducing the steps involved in retaining earnings within the country.

“The regulations announced by the central bank include allowing exporters to immediately transfer proceeds to separate onshore accounts to meet up to six months' foreign currency obligations, without having to first convert the proceeds into ringgit.," says Moody's.

Cautious sentiment to weigh on Bursa next week

KUALA LUMPUR: The downtrend momentum on Bursa Malaysia will likely continue next week with investors staying cautious as worries over global trade dispute return, a dealer said

Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said foreign funds were net sellers on Thursday at RM122.6 million after experiencing net inflows earlier of the week.  He said foreign funds were still fragile at this juncture, but generally, the trend had improved since May

Yuan trading is busier than ever as Trump targets China’s FX

NEW YORK: Turnover in the offshore yuan has reached unprecedented levels, spurred by US President Donald Trump’s broadsides against Chinese currency practices and the protracted trade dispute between the world’s two biggest economies.

Maybank sees slower lending to corporate sector

KUALA LUMPUR: The country’s largest lender, Malayan Banking Bhd (Maybank), expects corporate sector lending to see a slowdown but remains confident about the consumer segment.

Strong momentum: Amirul says the bank sees a strong momentum in the consumer segment in tandem with economic growth but believes that there will be a slowdown in corporate sector lending.

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