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Business

BCA among banks to manage Indonesia amnesty funds

JAKARTA: Bank Central Asia Tbk (BCA) and Bank Danamon Tbk are expected to be among lenders named by Indonesia’s government to manage funds repatriated due to a tax amnesty that is expected to attract billions of dollars in assets.

Business

Internal funds to finance UMW’s new RM2bil vehicle manufacturing plant

KUALA LUMPUR: The construction of UMW Toyota Motor Sdn Bhd’s new RM2bil vehicle manufacturing plant in Bukit Raja, Klang, does not require any debt undertaking and will solely be financed by internal funds, said UMW Toyota president Datuk Ismet Suki.

Business

Foreign funds start selling on Bursa, retailers step up buying

KUALA LUMPUR: Foreign funds, which had been net buyers in recent weeks, turned net sellers on Wednesday while local institutions and local retail investors stepped up their buying.

Business

Foreign funds net sellers on Bursa at RM182.9mil in week ended Nov 9

KUALA LUMPUR: Foreign funds were net sellers on Bursa Malaysia in the week ended Nov 9 at RM182.90mil and raised the total net outflow since January to RM9.9bil, according to MIDF Research.

Business

Govt needs other sources of funds to pay debt, says Tun Mahathir

KUALA LUMPUR: The government needs to find other sources of funds to pay its debt, including imposing new taxes and selling some of its assets, says Prime Minister Tun Dr Mahathir Mohamad.

Business

Emerging-market funds avoid Asia even as bargains appear

SEOUL: For some emerging-market funds, Asia’s beaten-down assets aren’t yet cheap enough.

ASEAN+

‘Funds not for vanity projects’

BEIJING: Chinese President Xi Jinping said that Chinese funds are not for “vanity projects” in Africa but are to build infrastructure that can remove bottlenecks in the continent’s development.

Business

Public Mutual declares RM233m distributions for 10 funds

KUALA LUMPUR: Public Mutual has declared distributions of more than RM233mil for 10 of its funds for the financial year ended July 31, 2018.

Business

Foreign funds withdraw RM1.75bil from Bursa

PETALING JAYA: Foreign funds took out a net amount of RM1.75bil from the local stock market last week, the highest weekly withdrawal since August 2013, according to MIDF Research.

Business

Foreign funds are net sellers of equities at nearly RM300mil

KUALA LUMPUR: Foreign funds have reduced their shareholdings of equities on Bursa Malaysia in the week ended Nov 17, with net selling rising to RM300mil, according to MIDF Research.