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Group posts higher revenue of RM318.6mil for the quarter ended Dec 31,2020
Global Forex MarketTHE dollar closed the week softer, down 0.25% to 90.13 but managed to recover some of its early week losses following Fed chair Powell’s upbeat speech during his two-day Congressional testimony as well as a slew of strong data release, which triggered a selling wave in the US Treasury market.
KUMPULAN Perangsang Selangor Berhad (KPS) reported RM1.1bil revenue for its fiscal 2020, setting a new financial milestone by surpassing the RM1bil revenue mark for the Group’s performance.
KUALA LUMPUR: Kenanga Research maintained its "outperform" recommendation on DRB-Hicom Bhd as the latter's earnings results came within forecasts.
BEIJING (China Daily/ANN): China is likely to achieve a breakthrough this year that would permit personal investment in securities and insurance products overseas, an indication that policymakers are willing to see more active two-way capital flows, experts said on Monday (Feb 22).
AMID a short working week in conjunction of President Day holiday, the US dollar was on a roller-coaster ride under the week review, appreciating 0.12% to 90.59 while trading between a high and low of 90.95 and 90.48, respectively.
KUALA LUMPUR: The ringgit opened firmer against the US dollar on Monday amid surging oil prices.
TAIPEH Feb 8 (Reuters): The Taiwan dollar continued to rise sharply on Monday, despite the country's central bank attempting to crackdown on speculation around the currency, while most other emerging Asian currencies also firmed against the US dollar.
LONDON (Reuters) - Bitcoin was fast approaching the $50,000 mark on Tuesday as the afterglow of Elon Musk-led Tesla's investment in the cryptocurrency had investors reckoning it may become a mainstream asset class for both corporations and money managers.
Emerging Markets: Thailand and Indonesia make good gains as most Asian currencies strengthen against the dollar
The Taiwan dollar <, best performing currency in the region so far this year, added over 1% despite the central bank's attempts to crackdown on speculation of the currency. Taiwan's central bank said on Sunday it had banned Deutsche Bank from trading Taiwan dollar deliverable and non-deliverable forwards and suspended it for two years from trading forex derivatives. The currency is at its strongest in more than 23 years against the U.S. dollar in a rally fuelled by rising global demand for tech products of the island's trade-dependent economy. Most shares in the region strengthened, tracking broader gains in global equities, on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers soon. Thai, Indian and the Indonesian benchmarks added over 1% each. Malaysia gained as much as 0.5% after government data showed the country's industrial production index rebounded in December after two months of decline. Energy stocks across the region saw solid gains as Brent oil futures neared $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures stoking demand. Thailand's PTT PCL and Malaysian heavyweight Petronas Chemicals Group inched nearly 4% higher. However, trading volumes remained low ahead of the Lunar New Year holiday in most markets. Taiwan's stock and bond markets were closed starting Monday until Feb. 16, while Chinese financial markets will be closed for a week starting Thursday