Westports could replace Inari on FBM KLCI, says RHB

KUALA LUMPUR: Westports Holdings Bhd is likely to replace Inari Amertron Bhd on the 30-component FBM KLCI at the index's semi-annual review to be announced by FTSE Russell on June 2, says RHB Research.

Understanding Bank Negara’s move

BANK Negara trampled market expectations by raising its key overnight policy rate (OPR) by 25 basis points (bps) to 2% from a record low of 1.75%. Market participants mostly projected that the first rate hike would happen in July.

Economists see two or more OPR hikes in 2H

KUALA LUMPUR: Economists anticipate at least two 25 basis points (bps) overnight policy rate (OPR) hikes in the second half of this year following Bank Negara’s surprise move to raise the rate this week.

'Identity' of RM9.5mil received from Najib hidden, says witness

KUALA LUMPUR: The High Court here was told on Thursday (May 12) that lawyer Tan Sri Muhammad Shafee Abdullah had tried to hide the 'identity' of the RM9.5 million received from Datuk Seri Najib Tun Razak as a loan, when the money was paid for legal services rendered to UMNO and Barisan Nasional (BN).

Surprise rate hike

Containing outflows, supporting the ringgit likely reasons

Serba Dinamik to seek leave from High Court for resolution of payment obligation

KUALA LUMPUR: Serba Dinamik Holdings Bhd (SDHB) is taking steps to seek leave from the High Court to allow the company to convene one or more court-convened creditors meeting to present one or more scheme(s) of arrangement to seek a constructive resolution to the company and its subsidiaries’ payment obligation.

Large banks able to face competition from digital lenders

KUALA LUMPUR: Malaysia’s six largest banking groups by assets are well positioned to face competition from innovative digital banks following the announcement of five new digital entrants announced by Bank Negara.

Malaysia's large banks able to face competition from innovative digital banks

KUALA LUMPUR: Malaysia's six largest banking groups by assets are well positioned to face competition from innovative digital banks following the announcement of five new digital entrants announced by Bank Negara Malaysia (BNM) recently.

Policy must avoid distorting labour market

Clear rules needed for voluntary carbon market

Proper mechanism will spur efficient technology