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Nation 20 Jan 2015 | 12:00 AM

Spending may be slashed by RM15bil

PETALING JAYA: Adjustments to Budget 2015, which will be announced by Prime Minister Datuk Seri Najib Razak today, will likely include spending cuts of up to RM15bil.

Business 20 Jan 2015 | 12:00 AM

Crude palm oil to remain volatile in H1 on crude oil movement

PETALING JAYA: Crude palm oil (CPO) prices are expected to be volatile in the first half of this year with crude oil price movement being a major influence.

Business 20 Jan 2015 | 12:00 AM

Uzma set for a rebound

UZMA Bhd said it has secured a contract for the provision of through tubing downside tools and services from Petroliam Nasional Bhd (Petronas). The contract period will last for two years effective from Jan 1 to Dec 31, 2016 with an extension option of one year.

Business 20 Jan 2015 | 12:00 AM

Pressure easing on ringgit

PETALING JAYA: The ringgit is not likely to weaken much even if the fiscal budget deficit target of 3% is not met, owing to a revision in Budget 2015.

Business 20 Jan 2015 | 12:00 AM

Foreign outflow from M'sian equity market highest in 17 months

PETALING JAYA: Malaysia saw the largest weekly outflow from its equity market last week since August 2013, as selling by foreign investors intensified amid uncertainties arising from the current weak oil prices and the prospects of higher US interest rates in the coming months.

Business 19 Jan 2015 | 6:12 PM

Palm prices may touch 6-year lows despite bad weather

KUALA LUMPUR: Palm oil futures could drop this year to their lowest level since February 2009 despite poor weather in the top growing countries and trade may be volatile because of uncertainty in the global economy, senior industry officials said on Monday.

Business 19 Jan 2015 | 5:39 PM

Maybank lifts KLCI, O&G stocks see active trade

KUALA LUMPUR: Maybank led the FBM KLCI to a higher close on Monday on growing optimism about the outlook for the bank while oil and gas counters rose in active trade amid a firmer broader market.

Business 19 Jan 2015 | 2:12 PM

Most O&G players to benefit from stronger US dollar

KUALA LUMPUR: Maybank Investment Bank Research expects the stronger US dollar against the ringgit to generally have a positive to neutral impact on oil and gas (O&G) companies except Perdana Petroleum.

Business 19 Jan 2015 | 1:06 PM

Najib outlines 6 areas to drive economy

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak today outlined six priority areas as part of efforts to drive tha nation's economy and protect the people's well-being.

Business 19 Jan 2015 | 1:04 PM

KLCI gains 6 points at midday

KUALA LUMPUR: After losing 1.4 points on Friday, the FBM KLCI was upbeat in Monday morning trade, adding 5.92 points at the break on a day when markets are buoyed by the fact that US shares had snapped a five-day losing streak at last week’s close.