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Bank Rakyat posts 17.8% increase in PBTZ of RM867m in 1H 2019
KUALA LUMPUR: Bank Rakyat Group posted profit before taxation and zakat (PBTZ) of RM867.65mil in the first half ended June 30,2019 from RM735.46mil a year ago.
Malaysia needs to widen SST coverage to rebuild fiscal buffers
KUALA LUMPUR: The government needs to diversify and increase its revenue resources, including widening coverage of the sales and services tax (SST) to rebuild fiscal buffers, says the World Bank Group.
FBM KLCI at lowest level in four years
PETALING JAYA: The FBM KLCI fell to one of its lowest levels in four years yesterday, shedding some 331.06 points or 17.4% from its April 2018 high of 1,895.18.
US turmoil adds to uncertainty
REVIEW: “Impeachment” was the buzzword of the week, although the shock and awe of potential political upheaval in the US was swiftly analysed, digested and somewhat relegated to the backburner.
RHB Research retains Buy on Hong Leong Bank, TP RM18.70
KUALA LUMPUR: RHB Research is maintaining its Buy call on Hong Leong Bank with a target price of RM18.70 which is a 14% upside with 3% FY20F (June) yield.
Foreign funds make strong comeback to Bursa Malaysia
KUALA LUMPUR: Foreign funds staged a solid comeback to Bursa Malaysia last week as they turned net buyers after eight straight weeks of selling, according to MIDF Research
Foreign funds make strong comeback to Bursa
KUALA LUMPUR: Foreign funds staged a solid comeback to Bursa Malaysia last week as they turned net buyers after eight straight weeks of selling, according to MIDF Research.
Move to hold rates may attract foreign inflows into Malaysia
PETALING JAYA: The move to hold the key benchmark rate unchanged may attract foreign capital flows into Malaysian bonds but much will be dictated by external headwinds after the latest data showed lower foreign holdings of local bonds.
Ringgit firms up as trade fight de-escalates
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today, supported by positive external developments mainly on the de-escalation of the United States and China trade brawl, dealers said.
Bank Negara maintains OPR
PETALING JAYA: Malaysia has once again resisted an interest rate cut on the back of a resilient economy, even as key central banks in Asia Pacific have been slashing their benchmark rates recently.