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Asia currencies head for weekly gains as US jobs test loom

SINGAPORE: Emerging Asian currencies were largely higher Friday as signs of solid momentum in the US economy calmed frayed nerves ahead of a key jobs report.

CIMB Research: Accumulate UMW Oil & Gas

KUALA LUMPUR: CIMB Equities Research advises investors to accumulate UMW-Oil & Gas as it expands its fleet to leverage on the high requirement for jack-ups in Malaysia and Southeast Asia.

CIMB Research keeps DiGi top Malaysian telco pick

KUALA LUMPUR: CIMB Equities Research is maintaining DiGi.Com as an Add and its top Malaysian telco pick, with likely re-rating catalysts being an earnings upgrade and positive news from its interest in a business trust structure.

Diary Malaysia 2013/2014 corporate earnings

KUALA LUMPUR: Following is a list of release dates for the quarterly earnings of some top Malaysia-listed companies.

Decision not to hike toll rates will ease inflationary pressure, say economists

PETALING JAYA: The Government’s decision not to raise toll rates will ease inflationary pressure, said econo­mists, as the cost of goods and ser­vices has been affected by the price hikes of fuel, sugar and electricity.

Cuscapi sees higher revenue with new tablet to boost sales by 30%

PETALING JAYA: Food and beverage (F&B) solutions provider Cuscapi Bhd expects its revenue to increase 30% this year, driven by the roll-out of its newly developed REV tablet.

Boost for syariah home loans, Govt gives 20% stamp duties discount

KUALA LUMPUR: Islamic home loans in Malaysia may beat last year’s record in 2014, as the Government provides tax incentives to get more people to use syariah-compliant borrowing, according to CIMB Group Holdings Bhd.

CIMB Research keeps KLCI end-target of 2,030

KUALA LUMPUR: CIMB Equities Research remains cautiously optimistic about the prospects for the Malaysia stock market in 2014 as it keeps its year-end target of 2,030.

CIMB Research maintains Public Bank TP at RM19.40

KUALA LUMPUR: CIMB Equities Research is maintaining its target price for Public Bank at RM19.40 after the banking group reported its FY13 net profit at RM4.06bil.

Sarawak raises log export quota to 50%

KUCHING: Sarawak has raised the log export quota to 50% from 40%.