• Finance  |  NOVEMBER 28, 2015 9:12PM

    Ringgit to hover around 4.25 against USD

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    The ringgit is likely to hover around 4.25 against the US dollar next week with external factors continuing to influence the local unit’s movement, a dealer said. Inter-Pacific Research Sdn Bhd Head of Research Pong Teng Siew said the traders’ sentiments were expected …

  • Finance, Singapore  |  NOVEMBER 27, 2015 3:17PM

    S’pore banks facing risks from weaker credit, market volatility

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    Weaker corporate balance sheets and currency market volatility pose risks to Singapore lenders, though the local banking system remains resilient, the Monetary Authority of Singapore said Friday. Non-performing loans have increased, and moves in emerging Asian currencies “could exacerbate foreign …

  • Finance, World Biz  |  NOVEMBER 27, 2015 12:17PM

    Indonesia seeks first loan from AIIB

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    Indonesia is seeking the first loan from the Asian Infrastructure Investment Bank (AIIB), as the China-led institution vies with the World Bank to fund projects in Southeast Asia. The AIIB’s funding approvals will be faster than the World Bank and …

  • Finance, Markets  |  NOVEMBER 27, 2015 9:59AM

    Ringgit opens lower against the US dollar

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    The ringgit opened lower against the US dollar today on weak buying interest, dealers said. At 9.00 am, the ringgit was quoted at 4.2250/2340 against the greenback from 4.2170/2260 on Thursday. A dealer said the local unit was still dampened by the …

  • Finance, Markets, Singapore  |  NOVEMBER 27, 2015 8:45AM

    Cagamas to continue issuance into SG$ bond market

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    Cagamas Bhd has announced its third Singapore dollar (SG$) denominated issuance for the year and the second under Cagamas Global Plc’s US$2.5 billion Conventional Multicurrency Medium-Term Notes (EMTN) Programme. The SG$100 million SGD EMTN, with a maturity of two years, will be fully …

  • Finance, Markets  |  NOVEMBER 27, 2015 7:25AM

    Euro slips as bets on deeper negative rates in ECB grow

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    The euro hovered near seven-month lows against the dollar and lost ground against the yen on Thursday as investors bet against it, expecting the European Central Bank (ECB) to ease monetary policy again next week. In the United States, investors …

  • Featured and Exclusive, Finance  |  NOVEMBER 26, 2015 1:09PM

    Franklin Templeton puts faith in M’sia with new funds

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    The world’s second-largest asset manager by market value plans to lure some of the US$376 billion (RM1.6 trillion) parked in Malaysian bank deposits by setting up global Islamic stock and bond funds in Kuala Lumpur next year. Franklin Templeton Investments, …

  • Finance, Markets  |  NOVEMBER 26, 2015 9:49AM

    Ringgit opens higher against the US dollar

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    The ringgit continued to trend higher at opening today in riding on the bullish oil price sentiment, dealers said. At 9 am, the ringgit was quoted at 4.2100/2180 against the greenback from 4.2140/2190 on Wednesday. A dealer said investor focus shifted towards …

  • Finance, Markets  |  NOVEMBER 26, 2015 7:23AM

    Dollar rises on manufacturing data, holds off euro rebound

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    The dollar rose on Wednesday, holding near multi-month highs against a basket of currencies as the latest batch of US economic data continued to support views the Federal Reserve will raise interest rates in December. Manufacturing output rose well above …

  • Economy, Finance  |  NOVEMBER 25, 2015 5:37PM

    Ringgit closes firmer against the US dollar

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    The ringgit closed firmer against the US dollar today buoyed by bullish sentiment on crude oil prices following escalating tension in the Middle East, dealers said. At 5 pm, the ringgit was quoted at 4.2140/2190 against the greenback from 4.2420/2570 on Tuesday. A …