Items filtered by date: May 2018

The Malaysian stock market closed at 1,858.26 points on Wednesday, up 0.54% from its previous close. 

Despite anticipated uncertainties when the market re-opened on Monday after the nation’s 14th General Elections, encouraging signs emerged early and prevailed, with strong support from both local and foreign buyers which saw the market remaining stable throughout the first half of the week. 

Published in MARKETS

The National ICT Association of Malaysia (PIKOM) unveiled its inaugural SEA Dragon Venture Platform recently,aimed at connecting scale up companies in Malaysia and across the South East Asia region with global venture capitalists, corporate investors and high net-worth individuals. 

PIKOM Chairman Ganesh Kumar Bangah said that the association’s latest industry initiative stems from the fact that lack of funding and lack of public exposure are some of the biggest hurdles faced by companies in the scaleup stage.

Published in GENERAL

ASEAN need to intensify the intra-ASEAN skilled labour mobility in the near term, as well as implement urgent education reforms and workforce reskilling agenda in the long-term to remedy the extreme skills deficit, accentuated by the skills demand brought upon by the rapid digital revolution.

Although the ASEAN Economic Community (AEC) has envisioned for the free movement of skilled labour and business visitors within the bloc, current arrangements are considered to be narrow in scope. The lack of true intra-ASEAN skill labour mobility within ASEAN would mean that skill gaps in ASEAN cannot be filled by talents from within the economic community.

Published in GENERAL

Edaran Tan Chong Motor Sdn Bhd (ETCM), the sole distributor and assembler of Nissan vehicles in Malaysia launched the All-New Nissan Serena 2.0L S-Hybrid, with new intelligent technologies and features that are thoughtful conveniences. 

Befitting its popularity among families, the All-New Nissan Serena S-Hybrid comes with a completely new design and sporty appearance, unmatched comfort and space flexibility, advanced safety features, and class-leading fuel economy. Two grades are available; the Premium Highway Star and Highway Star. 

Published in GENERAL
Wednesday, 16 May 2018 19:08

Anwar Ibrahim Pardoned

Datuk Seri Anwar Ibrahim has been pardoned by the Yang Di-Pertuan Agong.

The former deputy prime minister walked out from his prison hospital a free man at 11.30am today into a Malaysia transformed by the stunning electoral victory he helped orchestrate alongside his once-sworn political foe, Tun Dr Mahathir Mohamad.

Published in GENERAL

Damansara Realty Berhad (DBhd) announced its fourth quarter of profit, with a net profit of RM1.9 million for its first quarter ended March 31, driven by the better performance of its Integrated Facilities Management (IFM) and Property and Land Development (PLD) segments.

The Group’s first quarter revenue jumped by 40.3 per cent to RM71.2 million, from RM50.8 million in the same corresponding quarter before, DBhd said in an announcement to Bursa Malaysia.

Published in CORPORATE

Priceworth International Bhd’s cash option to acquire timber concession area FMU5 in Sabah at a discounted RM235 million has been extended until May 22, the day of the shareholder meeting called to approve its proposed acquisition.

The sustainable forest management group today signed a supplemental letter with vendor Transkripsi Pintar Sdn Bhd in respect of the October 2016 sale and purchase agreement to buy Forest Management Unit 5 (FMU5), extending the option period 

Published in CORPORATE
Tuesday, 15 May 2018 21:59

Ringgit closes lower against US dollar

The ringgit closed lower today against the US dollar as the greenback strengthened across emerging markets in Asia, said a dealer.

At 6pm, the ringgit was quoted at 3.9540/9580 against the US dollar from Monday's close of 3.9480/9530.

Published in MARKETS

Bursa Malaysia failed to sustain the buying momentum seen most of the day and closed lower on last-minute selling.

At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) went down 2.22 points to 1,848.2 from Monday's close of 1,850.42.

Published in MARKETS

Tan Sri Zeti Akhtar Aziz today said the ringgit will perform better when investors' confidence is restored both in the economy and country.

The former central bank governor said the new government was working very hard to address all the areas of concern.

Published in GENERAL
Page 4 of 8