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Bursa looks for a floor next week after 40-point weekly slide
KUALA LUMPUR, Oct 3 — Bursa Malaysia’s key index is expected to hover within the 1,620-1,650 range next week, with selective accumulation of quality blue-chip stocks likely to emerge on weakness, said an analyst. Rakuten Trade Sdn Bhd vice-president of
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Weak US jobs data gives ringgit a shot at RM4.07 next week
KUALA LUMPUR, Oct 3 — The ringgit is expected to strengthen against the US dollar next week, trading in the range of RM4.07 to RM4.08, as weaker-than-expected US employment data could reinforce expectations that the US Federal Reserve might skip
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G20 splits over industrial overcapacity, an issue often aimed at China
WASHINGTON, Oct 3 — The US G20 presidency said yesterday it was “severely disappointed” that some members rejected a statement this week for action against excess industrial capacity, a criticism commonly aimed at China. The United States holds the rotating
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Trump says diesel export ban was ‘never really on the table’ after G7 deal
WASHINGTON, Oct 3 — President Donald Trump said yesterday that the United States would not impose a diesel export ban, as he hailed a decision by European countries to release the fuel from their reserves. “Well, it was never really
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US regulator finds Boeing 737 MAX software bug ‘not a safety concern’
NEW YORK, Oct 3 — A software bug that delayed the US certification of Boeing’s 737 MAX 10 aircraft does not pose a safety concern, the Federal Aviation Administration (FAA) said yesterday after an investigation. The glitch was found in
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Disney president calls layoffs ‘extremely painful’ amid cost-cutting push
LOS ANGELES, Oct 2 — The Walt Disney Company’s President Dana Walden said on Thursday that the company’s layoffs were “extremely painful” but necessary for its survival. Disney has carried out several rounds of cost cutting measures in recent years
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Ringgit opens higher against US dollar on stronger demand
KUALA LUMPUR, Oct 2 — The ringgit opened higher against the US dollar and most major currencies on today, supported by stronger demand for the local currency despite firmer US economic data that strengthened the greenback. At 8am, the ringgit
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MAG signs deal to acquire Airbus’ Sepang Aircraft Engineering, eyes stronger maintenance portfolio
KUALA LUMPUR, Oct 1 — Malaysia Aviation Group (MAG) has signed a sale and purchase agreement with Airbus to acquire the latter’s wholly-owned subsidiary Sepang Aircraft Engineering (SAE). In a statement today, MAG said the proposed acquisition marks a strategic
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ACCCIM says RM1,900 an ‘appropriate’ minimum wage, warns steeper hike could hurt MSMEs
KUALA LUMPUR, Sept 30 — The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) has proposed RM1,900 a month as an “appropriate” minimum wage, warning that a substantially larger increase could put pressure on smaller businesses and drive
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S&P keeps Malaysia’s A- rating as economy maintains strong growth momentum
PUTRAJAYA, Sept 29 — S&P Global Ratings has reaffirmed Malaysia’s sovereign credit rating at ‘A-’ with a Stable outlook, citing the economy’s resilience and diversification, sustained growth momentum and continued fiscal consolidation. The ratings agency expects Malaysia’s economy to expand
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