Business

KUALA LUMPUR: The ringgit is expected to remain stuck in a tight range as the market seeks more direction from key US economic data expected to be released next week. …

KUALA LUMPUR: Bursa Malaysia is expected to trade higher next week on the back of bullish divergence. Phillip Capital Management Senior Vice President (Investment) Datuk Dr Nazri Khan Adam Khan …

KUALA LUMPUR: Bursa Malaysia ended at an intra-day high backed by institutional support in selected heavyweights, especially government-linked counters. The benchmark FTSE Bursa Malaysia (FBM KLCI) ended 0.42% or 6.86 …

KUALA LUMPUR: The ringgit closed lower against the US dollar today as market players await more clues on the global monetary policy direction from the highly-anticipated Jackson Hole symposium. At …

KUALA LUMPUR: Malakoff Corp Bhd’s net profit for the second quarter ended June 30, 2019 dipped 0.57% to RM52.25 million compared with RM52.55 million a year ago primarily attributed to …

PETALING JAYA: Domestic bond yields continue to face downward pressure from the prospect of a low global interest rate environment and consequent search for yield, according to RAM Ratings. The …

PETALING JAYA: AMMB Holdings Bhd’s net profit for the first quarter ended June 30, 2019 (Q1FY20) jumped 12.6% to RM391.46 million from RM347.59 million a year ago, underpinned by consistent …

SINGAPORE: Oil prices edged higher on Thursday after a drawdown in U.S. crude inventories, but lingering concerns over the global economy and a build-up in U.S. refined product stocks kept …

HONG KONG/NEW YORK: China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to US$15 billion (RM62.6 billion) listing in Hong Kong amid growing political unrest in the …

PETALING JAYA: It may not be feasible to grant the Federation of Malaysian Manufacturers’ (FMM) wish for a corporate tax cut to 20% from the current 24% in view of …

SEOUL: South Korea’s ratio of short-term external debt to foreign exchange reserves rose to a near five-year high in June on a rush of foreign buying in local public bonds, …

PETALING JAYA: Despite a drop on a year-on-year basis, the PropertyGuru Market Index saw a 0.8% increase to 86.2 in the second quarter (Q2) of 2019 from 85.4 in Q1 …

PETALING JAYA: Proton is expected to overtake Honda in the year-to-date (YTD) market share, helped by volume-oriented models like the Persona and Iriz, according to AmInvestment Bank. It said that …

PETALING JAYA: Shares of Utusan Melayu Bhd slumped as much as 36.4% in early trade after it failed to submit a regularisation plan to Bursa Malaysia. At the noon break, …

PETALING JAYA: FGV Holdings Bhd has clarified that most allegations in a petition submitted by a coalition of non-governmental organisations (NGOs) have been corrected over the period beginning December 2018. …

KUALA LUMPUR: The Securities Com-mission Malaysia’s Audit Oversight Board (AOB) has fined Chengco PLT and its partners a total of RM276,000 and prohibited them from accepting public interest entities (PIEs) …

BANGKOK: Thailand’s economy expanded at its slowest pace in nearly five years in the second quarter as traditional growth drivers sputtered, which led the government to significantly cut its forecast …

KUALA LUMPUR: Bank Negara Malaysia (BNM) has announced further liberalisation of the foreign exchange administration (FEA) policy with new measures effective Aug 30, 2019 aimed at providing greater flexibility and …

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth in 2019, which may be lower by 0.1 percentage point (ppt) if there is a further escalation in the US-China trade war, …

LONDON: Government bond yields in the euro area hovered near record lows on Friday, reflecting heightened expectations for European Central Bank easing soon and concern about global recession risks. Ten-year …