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Bursa Malaysia retreats, led by energy, plantation countries
KUALA LUMPUR: Bursa Malaysia retreated from the 1,600 level as investors looked for profits after recording 2.5 per cent gains yesterday. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 7.96 points to 1,594.30, dragged mainly by weaknesses
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Global shares rest after ‘awesome’ month, China factories speed up
SYDNEY: World shares paused to assess a record-busting month on Monday as the prospect of a vaccine-driven economic recovery next year and yet more free money from central banks eclipsed immediate concerns about the coronavirus pandemic. Helping sentiment was a
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Ringgit opens slightly higher on continued US dollar weakness
KUALA LUMPUR: The ringgit opened slightly firmer against the US dollar today, benefiting from the continued greenback weakness and potential extension of the Organisation of the Petroleum Exporting Countries’ (OPEC) output cut. At 9.01am, the local note was traded at
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Ringgit opens slightly higher against US dollar
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today amid the firmer crude oil prices and weaker performance of the greenback, dealers said. At 9.00am, the local currency stood at 4.0845/0875 against the greenback compared with Tuesday’s
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Top Glove to fully cooperate with authorities on Covid-19
KUALA LUMPUR: Top Glove Corporation Bhd (Top Glove) will fully cooperate with the authorities to carry out temporary stoppage in stages at its manufacturing facilities in Meru, Klang, following a drastic rise in positive Covid-19 cases among workers at the
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airasia.com joins forces with Turkish Airlines to prepare for return of international travel
KUALA LUMPUR: In anticipation of a potential revival in international travel, airasia.com has partnered with Turkish Airlines to allow it to enhance its strong pan-Asia flight network. The collaboration will enable airasia.com to tap into Turkish Airlines’ comprehensive destination map,
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Budget 2021 initiatives a shot in the arm for entrepreneurs
KUALA LUMPUR: When the Movement Control Order was enforced in March, Mohd Aizat Mohamed and his wife Nur Adilah Hambali had to stop operating their burger stall. As it was their sole source of income, they soon ran out of
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UN Chief urges G20 to fill financing gap of US$28 Billion needed to fund ACT
NEW YORK: United Nations Secretary-General Antonio Guterres on Tuesday called on the Group of 20 (G20) countries to fill the financing gap of US$28 billion needed to fund the Access to COVID-19 Tools Accelerator (ACT-Accelerator) and its facility. In a
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Bursa Malaysia opens higher but retreted thereafter
KUALA LUMPUR: Bursa Malaysia opened slightly higher today, but retreated within minutes of trading, driven by emerging profit-taking across the heavyweights due to recent gains, dealers said. At 9.15am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) declined 10.69
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Ringgit firmer against US Dollar in early trade
KUALA LUMPUR: The ringgit opened firmer against the US dollar today as the greenback retreated ahead of the US presidential election outcome, an analyst said. At 9.05am, the local currency was traded at 4.1480/1560 versus the US dollar compared with
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