Rubber marginally higher in quiet trading
Rubber prices in the Malaysian rubber market closed marginally higher in quiet but steady trading today, dealers said.A dealer said the rubber market was higher despite the fall in rubber prices on the Tokyo Commodity Exchange due to profit taking ac…..
KL bourse up in early trade
Malaysia’s benchmark stock index rose in early trade, led by gains in the country’s largest electricity utility Tenaga Nasional Bhd and oil and gas firm Petronas Chemicals Group Bhd.The index, which climbed 0.09 per cent at 9.02am in Kuala Lumpur, ou…..
Sona Petroleum IPO oversubscribed
Sona Petroleum Bhd’s initial public offering (IPO), comprising 141 million shares, together with 141 million one-for-one attached warrants were oversubscribed by 5.97 times.In a statement today, Malaysian Issuing House Sdn Bhd (MIH) said a total of 2…..
Palm oil edges higher
SINGAPORE: Malaysian palm oil futures edged higher on Thursday after a price slump this week to seven-month lows attracted buyers, but gains were capped by lingering concerns over weak demand and rising output.Slowing demand after the start of Ramada…..
Mustapa: AEC can be realised by 2015
Malaysia is confident the Asean Economic Community (AEC) will be realised by 2015 as 80 per cent of the measures have already been implemented by member nations.International Trade and Industry Minister Datuk Seri Mustapa Mohamed said in the case of …..
EZ Secure eyes 60pc market share
Storage facilities provider, EZ Secure Storage (M) Sdn Bhd, aims to capture 60 per cent market share in Malaysia and generate a cumulative revenue of RM50 million over the next five years.Founder and President Datuk SM Faisal SM Nasimuddin said the c…..
TNB posts higher Q3 PBT
Tenaga Nasional Bhd recorded a significantly higher pre-tax profit of RM2.042 billion for the third quarter ended May 31, 2013, compared with RM980.30 million in the same quarter last year.Revenue rose to RM9.648 billion versus RM9.191 billion, the n…..
Maseu calls for government intervention
KUALA LUMPUR: The Malaysia Airlines System Employees Union (Maseu) has called on the government to intervene in the administration of Malaysia Airlines System (MAS) by appointing new leaders in the airline industry to head the national airline. Mase…..
Firefly to operate at Kuala Namu airport
Community airline, Firefly, announced that it will be moving its Medan operations from Polonia International Airport to Kuala Namu International Airport on July 25.Firefly flights from Subang SkyPark and Penang International Airport bound for Medan w…..
Ringgit closes lower against US dollar
The ringgit closed lower against the US dollar today on strong demand for the greenback in tandem with the declining Asian currencies, dealers said.This was following reports that indicated the US is considering scaling down its bond buying programme…..
Mitsubishi launches Pajero Sport VGT Euro
Mitsubishi Motors Malaysia (MMM), the official distributor of Mitsubishi Motors vehicles in the country, today launched the Pajero Sport VGT Euro.Only 250 units of the model, worth RM180,550 without insurance, will be made available to discerning buy…..
EPF tightens FMI guidelines
The Employees Provident Fund (EPF) has introduced comprehensive guidelines to further enhance its supervision on the Fund Management Institutions (FMIs) appointed under the EPF Members Investment Scheme (EPF-MIS) to safeguard members’ retirement savi…..
Short-term rates close stable
Short-term interbank rates closed stable today as Bank Negara Malaysia (BNM) intervened to absorb excess liquidity fromthe financial system.The liquidity surplus in the conventional operations fell to RM15.252 billion, from RM21.545 billion estimated…..