• Markets  |  DECEMBER 22, 2014 9:45 AM

    Ringgit opens easier in early trade

    Story by

    The ringgit opened easier against the US dollar this morning, due to weak appetite for the local note.

  • Markets  |  DECEMBER 22, 2014 9:40 AM

    KL shares open higher

    Story by

    Shares on Bursa Malaysia opened higher on Monday, supported by buying demand for selected blue chips and key heavyweights.

  • World Biz  |  DECEMBER 22, 2014 9:24 AM

    Fear factor fades as global M&A hits 7-year high

    Story by

    Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007.

  • Property & Singapore  |  DECEMBER 22, 2014 8:21 AM

    Blackstone can wait 5 years for S’pore property recovery

    Story by

    Blackstone Group LP, which is taking part in the refinancing of luxury Singapore properties, is prepared to wait as long as five years for a turnaround in residential prices to see higher returns on the transaction.

  • Corporate  |  DECEMBER 22, 2014 8:01 AM

    Auto sector likely to slow down in 1H15 despite new models

    Story by

    Automotive players are expected to introduce new and enhanced versions of existing models next year, including energy-efficient vehicles (EEVs) at very competitive prices.

  • Corporate  |  DECEMBER 22, 2014 7:36 AM

    Proton ready to collaborate on Asean car project, says CEO

    Story by

    Malaysian carmaker Proton Holdings Bhd says it is ready to collaborate in the Asean car project.

  • StockStalk  |  DECEMBER 22, 2014 7:30 AM

    SP Setia: Waiting for PNB’s move

    Story by
    [email protected]

    Fundamentals remain mostly intact for SP Setia, which is set to end the year as the biggest developer by market cap. But without a firm driver, can a great car stay ahead? All eyes are on majority shareholder Permodalan Nasional Berhad as the timing of an expected M&A remains uncertain.

  • Issues  |  DECEMBER 22, 2014 7:00 AM

    Slowing economic growth in store for 2015

    Story by
    [email protected]

    Indications are the Malaysian economy will grow at a slower pace after speeding along at above 6% during the first nine months of the year. Events that could have an impact on economic expansion in 2015 are the introduction of GST from April 1, 2015 and plunging crude oil prices.

  • World Biz  |  DECEMBER 21, 2014 9:12 PM

    Yuan to stay basically stable despite fluctuations

    Story by

    China’s yuan, or renminbi, will stay basically stable despite fluctuations, state radio cited the deputy chief of China’s central bank as saying on Sunday. The yuan has been under pressure in the past month due to increased year-end dollar demand by some firms …

  • World Biz  |  DECEMBER 21, 2014 6:10 PM

    UAE urges all world’s oil producers not to raise output

    Story by

    The United Arab Emirates oil minister urged all of the world’s producers on Sunday not to raise their oil output next year, saying this would quickly stabilise prices. “We invite everyone to do what OPEC did and take a step to balance the market …

  • OTHERS  |  DECEMBER 21, 2014 9:38 AM

    Luc Coene supports government bond purchases

    Story by

    The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday. The Belgian central bank chief said the bank had already waited …

  • World Biz  |  DECEMBER 21, 2014 9:30 AM

    Idemitsu in talks to buy Showa Shell for US$4.2 bil

    Story by

    Oil refiner Idemitsu Kosan Co is in talks to acquire a smaller rival, Showa Shell Sekiyu, for US$4.2 billion in a deal that could create Japan’s second largest player in the domestic gasoline market, a person with knowledge of the issue said. Idemitsu and …

  • World Biz  |  DECEMBER 20, 2014 9:45 PM

    Constancio sees negative inflation rate in months ahead

    Story by

    European Central Bank Vice President Vitor Constancio said in a magazine interview he expected the euro zone inflation rate to turn negative in the coming months but that if this was just a temporary phenomenon, he did not see a risk of deflation. Annual …

  • World Biz  |  DECEMBER 20, 2014 2:39 PM

    Oil surges 5% as bears take profits seeing US$60 floor

    Story by

    Oil closed up as much as 5% on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009. A sharp bout of short-covering prior to expiry of …

  • World Biz  |  DECEMBER 20, 2014 2:11 PM

    Equities extend rally; oil rebounds, helping rouble rise

    Story by

    Equity markets worldwide extended the week’s rally on Friday and oil prices rebounded from recent lows, as investors closed out the last full week of trading in 2014 on an upbeat note. Wall Street rose, and the S&P 500 came within a few …

  • Commodities  |  DECEMBER 20, 2014 2:03 PM

    Tin price to follow LME’s movement

    Story by

    Tin price on the Kuala Lumpur Tin Market (KLTM) next week will closely track the performance of the London Metal Exchange (LME), which is currently erratic, a trader said. “London is very uncertain now. We can only hope for further improvement in London …

  • Commodities  |  DECEMBER 20, 2014 1:59 PM

    Rubber market to be quiet in the absence of traders

    Story by

    The Malaysian rubber market is expected to be quiet next week in the absence of traders during the Christmas holiday, a dealer said. He said the market would be closed on Christmas Dy and was likely to be quiet until the end of …

  • Commodities  |  DECEMBER 20, 2014 1:47 PM

    Gold futures prices to be above RM130 a gramme

    Story by

    Gold futures prices on Bursa Malaysia Derivatives are expected to be steadied above RM130 a gramme as the Federal Reserve’s patience in boosting interest rate would allow the market to rebound. Phillip Futures Sdn Bhd dealer Ong Su Ling said the US …

  • Finance  |  DECEMBER 20, 2014 12:50 PM

    Ringgit likely to trade between 3.45 and 3.50 against USD

    Story by

    The ringgit is likely to trade in the range between 3.45 and 3.50 level against the US dollar next week in the face of weaker crude oil prices, a dealer said. He said the US Federal Reserve’s (Fed) position not to raise …

  • Markets  |  DECEMBER 20, 2014 12:47 PM

    KL Shares set to stage further rebound

    Story by

    Shares on Bursa Malaysia are likely to stage a further rebound next week, driven by a dovish US Federal Open Market Committee (FOMC) statement and positive global economic data. Affin Hwang Investment Bank vice-president and head of retail research Nazri Khan Adam …