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Ringgit trades lower on external factors

KUALA LUMPUR: The ringgit opened lower today after closing flat in the last two days on external factors, mainly from the US, which curbed demand for the local note.

Fed’s dots have lost the plot as economists puzzle over outlook

WASHINGTON: The Federal Reserve published a fresh set of economic forecasts last week covering the next three years. Economists have been trying to make sense of the 2018 outlook ever since.

Commodities industry – a year in review

When I was appointed Minister of Plantation Industries and Commodities on June 28, 2016, many said it was a homecoming for Gerakan.

Industry players must emulate Petronas

The surge in the price of crude oil in the 2000s was the catalyst that led to the Goldilocks period that transformed the local oil and gas (O&G) services and equipment (OGSE) players.

Iran says Trump cannot cause collapse of nuclear deal - TV

ANKARA (Reuters) - Iran said on Tuesday U.S. President Donald Trump cannot cause its nuclear deal with six major powers to collapse.

Australia's Turnbull goes rural in a cabinet reshuffle aimed at widening appeal

SYDNEY (Reuters) - Australian Prime Minister Malcolm Turnbull on Tuesday named a new attorney general and promoted two junior lawmakers from rural Queensland state to his cabinet in a reshuffle he hopes will bolster his flagging popularity.

Profit taking picks up pace, Perdana tumbles second day

KUALA LUMPUR: Blue chips closed sharply lower on Tuesday as profit taking picked up pace on heavyweights while Perdana Petroleum had another tough day, hitting limit-down for the second day.

Thai oil firm PTTEP plans expenditure of around US$3b in 2018

BANGKOK: Thai oil company PTT Exploration and Production Pcl on Tuesday said it was planning total expenditure of $3.1 billion in 2018, up a touch from the $2.9 billion it earlier estimated for expenditure in 2017.

KLCI breaks below 1,750 support in morning trade

KUALA LUMPUR: The FBM KLCI saw profit-taking accelerate on Tuesday with the index moving back below the 1,750 support level.

Asia stocks up on US tax-reform optimism, US$ treads water(Update)

TOKYO: Asian stocks advanced on Tuesday after a record-setting session on Wall Street on bets that U.S. lawmakers would pass sweeping tax legislation, while the dollar treaded water as traders were circumspect about the bill's economic impac