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Theme park opening pushes Genting Malaysia's shares higher

KUALA LUMPUR: Shares of Genting Malaysia Bhd rose 5.22% on news that the company could be opening its outdoor theme park (OTP) a lot earlier than expected.

Late selling of Petronas Gas, Sime trims KLCI's hard-earned gains

KUALA LUMPUR: Late selling of Petronas Gas and Sime Darby trimmed the FBM KLCI's gains amid a firmer broader market on Tuesday but trading value perked up compared with recent days.

Maybank IB Research ups BIMB to RM5.40, boost from Sykt Takaful

KUALA LUMPUR: Maybank Investment Bank Research has raised its sum-of-parts valuation for BIMB Holdings to RM5.40 from RM5.20 after factoring in higher valuations for 59.6%-owned Syarikat Takaful Malaysia Bhd (STMB).

Report: Astro to gain from anti-piracy measures

PETALING JAYA: After pushing Internet service providers (ISP) to lower broadband prices last year, the Malaysian Communications and Multimedia Commission (MCMC) is said to be focused on combating content piracy this year.

KLCI closes off lows, Fed set to cut interest rates lesser than hoped

KUALA LUMPUR: Blue chips closed off Monday's low while key Asian markets ended in the red as the US Federal Reserve was set to cut interest rates lesser than expected.

Fitch Ratings affirms Maybank's IDRs at A minus, outlook stable

KUALA LUMPUR: Fitch Ratings has affirmed the long-term foreign- and local-currency issuer default ratings (IDRs) of Malayan Banking Bhd at “A-”. The outlook is stable.

Residential property needs ‘realistic’ evaluation

PETALING JAYA: The Malaysian residential market needs to be evaluated with a more realistic approach to curb the rising overhang that’s being caused by the current demand-supply mismatch in the market.

Short Position

Differing values of the new AirAsia

Court lets govt forfeit RM49mil

KUALA LUMPUR: The High Court has allowed the Federal Govern­ment to forfeit nearly RM49mil from the bank accounts of Tan Sri Larry Low Hock Peng, father of fugitive businessman Low Taek Jho or Jho Low, a central figure in the 1Malay­sia Development Bhd scandal.Justice Mohamed Zaini Mazlan made the ruling here yesterday after deputy public prosecutor Aaron Chelliah informed the court that there was no third party present to stake a claim on the assets totalling about RM48,979,500.

KLCI snaps losses to follow Asian markets higher on US interest rate cut hopes

KUALA LUMPUR: Bursa Malaysia and all key Asian markets closed higher on Friday as investors were confident of a US interest rate cut by end July.