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FOR many years Malaysia had promoted itself without much success as the main Islamic financial centre in the region, targeting investors from the Middle East. However, following the Sept 11, 2001 attacks, Middle Eastern investors began looking for investment destinations other than London and New York, and Malaysia's efforts have started bearing fruit.
Analysts are generally bearish on the yen while an economist expects its movement to remain erratic.
Malaysia Airports Holdings Bhd (MAHB) was the worst hit among the 14 stocks that Morgan Stanley Capital International (MSCI) said it was removing from its Malaysian index effective the end of this month.
Hong Leong Assurance Bhd (HLA) expects its latest single premium investment-linked fund, HLA Capital Guaranteed Fund 1, to bring in RM50mil in gross premiums at the close of the fund's offer period.