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Business

Ringgit appreciates by 1.5% year-to-date, says BNM

KUALA LUMPUR: The ringgit posted a better performance year-to-date, appreciating 1.5 per cent against the US dollar, although a dim outlook is expected going forward as external currencies will continue to weigh on the ringgit's performance.

Markets

KLCI erases earlier losses as Q4 GDP beats estimates

KUALA LUMPUR: The FBM KLCI erased earlier losses by midday as Bank Negara announced a better-than-expected gross domestic product for Q4 2018.

Business

Economy grows at 4.7% in Q4 of 2018, above forecast

KUALA LUMPUR: Malaysia's economy expanded at 4.7% in the fourth quarter of 2018 (Q4 2018), which was above Bloomberg's survey of a 4.5% growth, after the moderation in the two consecutive quarters.

TECH

Paid video subscriptions to top 300 million in China: study

The number of paid subscriptions to streaming video services in China could exceed 300 million this year, according to a new report.

Business

Ringgit stays flat ahead of GDP announcement

KUALA LUMPUR: The ringgit was unchanged against the US dollar early Thursday as investors stayed on the sidelines for the release of Malaysia's 2018 economic growth and last year's fourth quarter gross domestic product (GDP) by Bank Negara Malaysia Thursday.

Analyst Reports

SunCon earnings expected to come within estimates, says RHB

KUALA LUMPUR: RHB research anticipates Sunway Construction Bhd's earnings announcement to be in line with expectations.

TECH

China’s gig economy losing ability to absorb laid off factory workers

Ride-hailing service Didi Chuxing, online food delivery platform Meituan Dianping as well as streaming services like Huya, Douyu and Kuaishou are facing challenges.

Business

CIMB Research lowers AirAsia TP to RM1.82 on higher oil price, airport charges

KUALA LUMPUR: CIMB Equities Research has lowered its target price for AirAsia Group Bhd to RM1.82 from RM2.12 as it expects crude oil prices to climb while higher airport charges may hurt demand.

Business

Asia stocks wait on Sino-US talks, China trade data

SYDNEY: Asian stock markets started in a cautious mood on Thursday as investors hoped for progress in the latest Sino-U.S. tariff talks while bracing for China trade data that are expected to show further falls in both exports and imports.

Corporate News Premium

Levi Strauss looks beyond jeans With IPO

Denim pioneer is seeking to raise more than US$600 mil to make acquisitions