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Malaysia to solidify Asean relations, collaborate with both China, US
PUCHONG: Malaysia is looking to solidify its relation among its Asean partners to pursue a synergistic collaboration with both China and the United States, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali in view of the ongoing China –
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Asean to narrow development gap
BANGKOK: Asean member countries have reaffirmed their commitment to narrow the development gap within the economic bloc in the pursuit of shared prosperity and an inclusive economic community. In a joint statement in conjunction with the 51st Asean Economic Ministers’
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Axiata, Telenor terminates merger plan
KUALA LUMPUR: Axiata Group Bhd and Telenor ASA have agreed to end discussions on the planned non-cash combination of their telecommunication and infrastructure assets in Asia, due to complexities involved in the transaction. Telenor ASA is the parent company of
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KLCI opens on the upside as US stocks rose overnight
KUALA LUMPUR: The FBM KLCI opened higher today before extending gains as Asian equities took cue from US stocks’ Thursday overnight rise. Global shares rose on US-China trade war de-escalation expectation and after the US announced optimistic economic data.
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KLCI starts low before rising
KUALA LUMPUR: KLCI opened low today before rising as Asian equities rose amid an apparent easing in Brexit and Hong Kong’s political concerns. At 9am, the KLCI opened down 0.37 point at 1,599.52 before rising 2.42 points at 9:02am to
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Oil prices slip after surprise build in US inventories
TOKYO: Oil prices fell today, giving up some of the strong gains of the previous session, after an industry report showed US crude stockpiles rose last week, against analyst expectations of a decline. Brent crude was down 18 cents, or
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Malaysia’s trade surplus expands to RM14.27 bln in July
KUALA LUMPUR: Malaysia recorded a trade surplus in July 2019 amounting to RM14.27 billion, up 75.6% from the same month of the previous year and marking the 261st consecutive month of trade surplus since November 1997. Exports picked up by
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KLCI opened higher this morning
KUALA LUMPUR: The KLCI opened higher today due to bargain hunting after a substantial drop yesterday and after the ringgit strengthened. At 9am today, the KLCI opened up 2.34 points or 0.15% at 1,593.86. At 9:07am the index rose 2.63
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Oil prices dip due to trade war
TOKYO: Oil prices fell today, declining for a second day as more signs emerged of the toll from the US-China trade war, with South Korea revising down second-quarter growth due to lower exports. U.S. crude CLc1 was down 32 cents,
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S&P maintains stable outlook for M’sian banks, flags fintech effect
KUALA LUMPUR: S&P Global Ratings is maintaining a stable outlook on all Malaysian banks but flags external challenges and the financial technology (fintech) effect that could radically disrupt their industry. Malaysia’s banks are battling on multiple fronts namely a trade
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