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Gold prices in Asia fell for a third day on speculation the US Federal Reserve, the Bank of Japan and the European Central Bank (ECB) may raise interest rates, eroding the metal's appeal as an alternative investment.
The prospects of the Malaysian economy are still favourable but rising energy prices, persistent global imbalances as well as fears of an avian flu pandemic will remain as risks to expansion, said CIMB Securities.
Equine Capital Bhd (ECB) will acquire the entire equity of Penaga Pesona Sdn Bhd (PPSB) for RM12mil in line with increasing the former's need for land bank.
Expectations of a further interest rate hike and the improving economic fundamentals in the European Union (EU) are anticipated to keep the euro strong, economists say.
SERI Kembangan is fast transforming from a sleepy hollow into a middle-class neighbourhood as this area is a 'hot spot' of housing activities, much like Puchong in the mid to late 1990s.
EQUINE Capital Bhd (ECB) is launching RM800mil worth of properties in Kuala Lumpur and Penang for its current financial year ending March 2008.
The Benchmark Kuala Lumpur Composite Index (KLCI) fell 25.69 points or 1.96% to close at 1287.7 on Friday.hr noshade size=1 width=50%>
The European Central Bank mounted a second day of action to calm panicky credit markets yesterday, after Asian central banks joined a global campaign by monetary authorities to inject extra cash into banking systems.
Some Malaysian and Asian markets recovered on Monday from a worldwide plunge set off last week by the U.S. subprime mortgage crisis.
Wall Street gave up a moderate gain in late trading and closed marginally lower Monday after the Federal Reserve and other central banks added more cash to their banking systems, helping investors set aside some concerns about credit tightness.