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GENERALLY bearish investor sentiment elsewhere in Asia spilled over into the Kuala Lumpur stock market Monday, pulling the KLSE Composite Index (CI) a further 10 points or 1.3% down to 782.
INFLATIONARY pressure brought about by the overheated property sectors has forced Australia#039;s and England#039;s reserve banks to increase interest rates in their respective countries, but it would be a long time before Malaysian consumers will see any rate hike.
MALAYSIAN Industrial Development Finance Bhd (MIDF) has received approval from Bank Negara to start negotiations with Utama Banking Group (UBG) to purchase the equity of Utama Merchant Bank Bhd (UMBB).