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Bumi Armada aims to improve balance sheet

WHILE a number of analysts agree that the worst may already have been priced into Bumi Armada Bhd, there are some concerns the company may need to resort to raising funds given its high gearing position and the need to brighten its outlook in order to secure jobs moving forward.

KLCI crosses key 1,800 as banks, telcos climb

KUALA LUMPUR: The FBM KLCI extended its gains for the second day on Friday, underpinned by gains in banks and telcos and sent the index beyond the key 1,800 level.

Cash is king as hedge fund trilogy erects trade-war barricades

SINGAPORE: Trilogy Capital Management LLC is increasing cash levels at its credit hedge fund in a defensive move to protect returns, saying a trade war between the U.S. and China will impact all markets and cause unpredictable ramifications.

Local equities pick up on global rally

KUALA LUMPUR: Local equities picked up steam over the course of the morning session to break above the 1,800-point psychological level.

Bursa joins world markets in bullish turn

KUALA LUMPUR: Bursa Malaysia picked up in early Friday as investor sentiment turned bullish over recent news that the US and China were resuming bilateral talks to resolve the tariff war.

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