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Business

CI slides in tandem with region

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.

Business

No rate hike seen in M’sia

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.

Business

UBs may require more time

THE sharp surge in investing interest in the local stock market is boosting stockbrokers' earnings from commission income.

Business

MIDF aims to provide RM25m Islamic finance

MALAYSIAN Industrial Develop-ment Finance Bhd (MIDF) targets to disburse new Islamic financing products worth RM25mil by Dec 31, chief executive officer Datuk Mohd Sallehuddin Othman said.

Business

News in brief

News briefs on Pulai Springs, STM, Tru-Tech, MTD Infraperdana, Asia Pacific Land, AMMB, Unisem, Intria, AMFB, Redtone and MIDF Consultancy.

Business

LFE IPO 21 times covered

LFE Corp Bhd#146;s initial public offer (IPO) has recorded an oversubscription rate of 21.05 times.

Business

Stockwatch

Yvonne Chong writes on U-Li, NIDF, Atis, MPI an TRC Synergy.

Business

Dominant IPO 107 times oversubscribed

THE public subscription portion of Dominant Enterprise Bhd#039;s initial public offer (IPO) was 107.65 times oversubscribed, MIDF Consultancy and Corporate Services Sdn Bhd (MIDFCCS) said.

Business

MIDF gets nod to negotiate Utama Merchant Bank purchase

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).

Business

CI stages dramatic swing

THE relentless surge in oil and gas stock prices locally, coupled with strong gains in regional markets after the yen strengthened, helped the KLSE Composite Index (CI) stage a dramatic 11-point swing yesterday.