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TWO months after returning to the helm of Green Packet Bhd, technology whiz C.C. Puan laid out his vision for the group – to become a digital financial institution of some reckoning.
THE dollar depreciated 1.26% to 99.11 largely due to the month-end rebalancing added with the dovish Federal Open Market Committee (FOMC) meeting after the Federal Reserve (Fed) opened the door for more monetary easing and dampened expectations for a quick economic recovery from the coronavirus crisis.
PETALING JAYA: Fabric manufacturer Sinotop Bhd is set to enter the lucrative government e-services space as it is looking to buy a 40% stake in Dapat Vista (M) Sdn Bhd, the developer of the MyPay portal.
PETALING JAYA: The appetite for non-rated bonds, which was once thought to be “inferior” to their rated counterparts, is fast gaining traction in Malaysia.
THE dollar appreciated by 0.36% to 97.631 following a confluence of factors such as the dovish ECB meeting; higher demand for safe-haven assets as optimism in the US-China trade talks was offset by another round of Brexit saga; and better-than-expected flash PMI data with the October Markit manufacturing PMI preliminary estimate rising to 51.5 points from 51.1 points in September and beating market expectation of 50.7.
THE US dollar depreciated by 0.71% to 97.607 following a confluence of factors.
Malaysia’s economy estimated at RM2.316 trillion. Federal Govt Budget RM297.02bil
Amid a short working week with the Labour Day break on Monday, the dollar weakened by 0.51% to 98.41 due to global risk-on sentiment as Washington and Beijing agreed to hold high-level talks in October, raising hopes of a de-escalation in trade tensions that has battered global economic growth.
KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on BIMB Holdings (BIMB) but lowered its fair value to RM4.80 from RM5.20 share.