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KUALA LUMPUR: Malaysia’s move to suspend export duties on crude palm oil (CPO) until Dec 31, 2019 will help to improve Malaysia’s CPO export competitiveness to clear the nation's current high stock level, CIMB Equities Research said.
WASHINGTON: Level 3 Communications Inc. said Monday that it is buying Global Crossing Ltd. for US$2 billion, joining two major long-distance telecommunications networks that carry massive amounts of Internet and other data traffic in the U.S. and internationally.
KUALA LUMPUR: The FBM KLCI, which fell below the key 1,750 level to a six-month low on Thursday, may face a significant downside risk to decline towards the next support level of 1,729, AmInvestment Research says, though there is a possible potential technical rebound ahead.
KUCHING: Good rainfall has sped up the impoundment of the 944MW Murum dam in interior Sarawak, with the water level at the dam reservoir reaching its minimum operating level of 515m above sea level.
A HIGHER level of public engagement, as well as more frequent communication with the public, is needed to increase the level of trust for the Malaysian media segment.
PETALING JAYA: Malayan Banking Bhd said its loan-to-deposit ratio (LDR), a key measure of the bank’s liquidity, is at a “comfortable” level.
BEIJING (AP) - Plans to raise the water level behind China's massive Three Gorges dam to full capacity this month - which would mark the symbolic culmination of the decades-old project - have stalled amid a worsening drought and reports of increased landslide risks.
KUALA LUMPUR: The level of participation of non-resident (NR) investors of Malaysian bonds could settle at a lower but more stable level in the future after the recent sell-down, according to the Financial Markets Committee (FMC) following a recent meeting with market participants.
TOKYO: Japan's factory output rebounded in April from March and grew at the fastest pace in almost six years, taking production to its highest level since 2008.