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KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) expects the ringgit to rebound in the second half of 2016, supported by the country’s diversified export base and the sustained current account surplus.
TOKYO: Asian equities were mixed on Tuesday, with a rebound in crude oil and other commodity prices favoring the stock markets of resource-exporting countries, while the likes of Tokyo's Nikkei struggled.
WASHINGTON: The economic rebound is stalling. A raft of weak new reports Thursday provided the strongest evidence yet that the recovery is slowing and added to concerns that the nation could be on its way back into recession.
MALAYSIA, with its excellent infrastructure, strong fundamentals, and stable government, is seen set to be a major beneficiary of an expected rebound in global foreign direct investment (FDI) next year, said the UN Development Programme (UNDP) senior adviser for strategic issues, Madeline Loh.
DEALERS expect a temporary rebound in the share price of local furniture maker Lii Hen Industries Bhd following a four-day losing streak since it was declared a designated security by Bursa Malaysia last Wednesday.
Taiwan's shares ended higher Tuesday, led by financial and technology stocks, in a rebound after three consecutive sessions of declines, analysts said.