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  • Finance  |  JANUARY 30, 2016 1:57PM

    Recalibration of the Budget 2016 a realistic scenario

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    The ringgit is likely to remain firm next week on the back of the recent recalibration of the Budget 2016. Hong Leong Bank’s Head of Fixed Income & Economic Research Choong Yin Pheng said positive sentiment over global oil prices would also …

     
  • Finance  |  JANUARY 30, 2016 1:48PM

    Bursa to see mild profit taking; positive outlook

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    Bursa Malaysia may see mild profit taking next week, but the outlook remains positive, with players expected to continue reacting positively to the recalibrated Budget 2016. The market traded on a bullish note this week and a minor correction, if it happens, would …

     
  • Finance, Markets  |  JANUARY 29, 2016 10:37AM

    Ringgit opens higher against US dollar

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    The ringgit extended its gains to open higher against the US dollar on continued buying momentum following positive reaction by investors to the recalibrated 2016 Budget, dealers said. At 9 am, the local unit was traded at 4.1650/1750 from 4.2040/2100 against the greenback …

     
  • Finance, Markets  |  JANUARY 28, 2016 10:44AM

    Dollar down as fewer rate hikes seen

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    The dollar fell against a basket of major currencies on Wednesday following the Federal Reserve’s decision to keep its overnight interest rate unchanged and the release of a statement suggesting it was re-evaluating the pace of future hikes. The statement …

     
  • Finance, Markets  |  JANUARY 28, 2016 9:53AM

    Ringgit opens lower against US dollar

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    The ringgit opened marginally lower against the US dollar today as investors remained cautious ahead of the presentation of the recalibrated Budget 2016 by Prime Minister Najb Abdul Razak later in the afternoon, dealers said. At 9 am, the local unit was traded …

     
  • Corporate, Featured and Exclusive, Finance  |  JANUARY 27, 2016 6:44PM

    Cagamas issues first bonds of the year

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    Malaysia’s Cagamas Bhd announced on Thursday its first issuance of the year, comprising RM1.52 billion in conventional and Islamic bonds, or sukuk. Proceeds from the issue, which was increased from an initial RM600 million, will fund the purchases of mortgage …

     
  • Finance, Markets  |  JANUARY 27, 2016 5:43PM

    Ringgit closes higher against US dollar

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    The ringgit extended its uptrend momentum to close near seven-week high against the US dollar on continued demand, dealers said. At 5 pm, the local unit was traded at 4.2530/2600 from 4.2885/2945 against the greenback on Tuesday. “At the same time, investors …

     
  • Corporate, Finance  |  JANUARY 27, 2016 4:55PM

    Maybank says BNM may cut OPR by 25 bps

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    Maybank Investment Bank Research sees the possibility of the overnight policy rate (OPR) cut by 25 basis points this year, taking place in mid-2016. The research house said while the 3.25% OPR is currently seen as accommodative and supportive of economic activities, the …

     
  • Finance  |  JANUARY 27, 2016 1:03PM

    Indonesia to move fast in issuing global sukuk

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    Indonesia’s government needs to move fast in issuing US dollar-denominated Islamic bond this year, in order to anticipate further changes in US interest rates, Finance Minister Bambang Brodjonegoro told reporters on Wednesday. Brodjonegoro did not disclose the size of the …

     
  • Finance, Markets  |  JANUARY 27, 2016 9:49AM

    Ringgit opens higher against US dollar

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    The ringgit opened higher against the US dollar today in tracking the rebound in crude oil prices and on renewed demand, dealers said. At 9 am, the local unit was traded at 4.2580/2640 from 4.2885/2945 against the greenback on Tuesday. “Investors are also …

     
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