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Business

Strong US jobs data raises odds of Fed rate rise

TOKYO: Asian stocks buckled while the dollar held firm on Monday after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought.

Business

KLCI extends losses at midday, down nearly 18 points

KUALA LUMPUR: The FBM KLCI extended its losses and fell almost 18 points at midday in line with weaker key regional markets, as investors stayed on the sidelines on concerns about the US rate hike.

Telcos

Weida bids to build 218 telecom towers

KUCHING: Weida (M) Bhd, which has built more than 360 telecommunication towers, has bidded to construct 218 new towers for the federal government in rural Sarawak and Sabah.

Sme

Minders of an invisible network

Malaysian company’s work behind the scenes ensures the Internet runs smoothly for companies ar ound the world.

Business

Asian shares hit by Fed taper anxiety, BOJ sounds easy

TOKYO: Asian shares hit the skids and the dollar stood tall on Tuesday as a batch of upbeat U.S. economic data confirmed the Federal Reserve's inexorable tilt towards reducing its stimulus soon, while the yen sank on talk of further central bank easing.

Business

Instacom, OCK seen as favourites for new telco towers

PETALING JAYA: Two small-cap, ACE Market stocks have emerged as favourites to ride on the RM1.5bil roll-out of 1,000 telecom transmission towers in rural and under-served areas throughout the country.

Business

Network services provider OCK in expansion mode

PUCHONG: After setting up a subsidiary in Myanmar in July, followed by the incorporation of a unit in Cambodia last month, OCK Group Bhd is looking at Thailand and Indonesia for more potential business opportunities.

Business

Sing dollar, ringgit tad higher on short-covering

SINGAPORE, Aug 6 (Reuters) - The Singapore dollar and the Malaysian ringgit edged up on Tuesday as investors further reduced bearish bets on weakened views that the Federal Reserve may start scaling back its stimulus, while most emerging Asian currencies barely changed.

Business

Gold steadies after 2-day slide, strong dollar caps gain

LONDON: Gold edged higher on Monday, as investors found value after a two-day slide caused by heightened concerns the U.S. central bank could start tapering its monetary stimulus, but gains were held back by a rocketing dollar.

Nation

PM spells out RM26bil investments for ETP and corridor schemes

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak announced 11 Economic Transformation Program-me (ETP) projects and nine under three Economic Corridors with investments totalling RM26.09bil.