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PETALING JAYA: Already on the verge of being removed from the World Government Bond Index (WGBI), Malaysia faces another issue affecting its position in the index.
KUALA LUMPUR: Foreign net selling of Malaysia equities slowed down last week to RM350.8mil from RM559mil in the preceding week, according to MIDF Research. KUALA LUMPUR: Shares in MMAG Holdings Bhd continued to extend its losses on profit taking.
ALMOST 18 months have passed since FTSE Russell added Malaysian government bonds to its watchlist, but there is yet no conclusive decision on whether the country will be removed from the World Government Bond Index (WGBI)
THE dollar advanced 1.54% to 93.35, near a two-month high as the risk sentiment dents ahead of the November US elections as well as a continued increase in Covid-19 infections.
IN Malaysia, there had been concerns with regard to the increasing number of foreigners, especially the unskilled foreign labourers in Malaysia.
Many companies in the last three months have to conduct heavy promotions, giving big discounts to clear inventory and to improve cashflow. Profit margins are reduced but the cash inflow helps to pay the rent and staff costs. Not all companies have recovered to this level
KUALA LUMPUR: Foreign funds have offloaded RM558.4mil net of local equities on Bursa Malaysia during the Sept 14-19 period against RM71.2mil net acquired during the previous period of Sept 7-12.
PETALING JAYA: Green Packet Bhd will provide its e-wallet services to MMAG Holdings Bhd following the move by the Human Resources Ministry to make it mandatory for salaries of foreign workers to be credited into an e-wallet or a bank account