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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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Budget 2021 to empower health, tourism sectors
KUALA LUMPUR: A special focus on empowering the country’s healthcare and tourism sectors will be included in the government’s agenda in Budget 2021, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said the budget, which
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Ringgit slightly lower against US dollar in early trade
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar as cautious sentiment ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting scheduled for tomorrow, a dealer said. At 9.05am, the local currency was traded at 4.1560/1600
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Bursa Malaysia opens lower
KUALA LUMPUR: Bursa Malaysia opened lower on lack of buying interest due to the absence of any positive catalysts, said an analyst. As at 9.05am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) erased 4.31 points to 1,462.58 after
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FGV stock under close watch following spat with Felda
KUALA LUMPUR: FGV Holdings Bhd, one of the world’s biggest palm oil producer, is now in hot water following the Federal Land Development Authority’s (Felda) move to terminate its land lease agreement (LLA) with the group. The spat that started
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KL shares open on better note as political uncertainty subsides
KUALA LUMPUR: Bursa Malaysia opened on a better note today as uncertainty over the local political scenario has subsided after the Malay Rulers meeting yesterday. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.62 points to 1,496.26
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Maharashtra invites Tesla after Musk hints entry into India
Mumbai: India’s richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year. In a tweet here on Thursday, state tourism and environment minister Aaditya Thackeray said he and
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S. Korea to hold nationwide shopping festival in November
SEOUL: South Korea will hold a massive nationwide shopping festival involving major retailers, manufacturers and traditional markets in November to attract foreign tourists and boost domestic consumption, Yonhap News Agency reported organisers as saying Friday. The annual Korea Sale FESTA will
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1MDB: Singapore imposes life ban on BSI Bank’s former rep Swampillai
SINGAPORE: The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Kevin Michael Swampillai, a former representative and head of the Wealth Management Services Department of BSI Bank Ltd, Singapore Branch (BSIS). These POs were issued at
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