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Malaysia: Maybank IB maintains sell on 7-Eleven

KUALA LUMPUR: Maybank Investment Bank Research has maintained its “sell” rating on 7-Eleven Malaysia Holdings (SEM) with an unchanged target price of RM1.10. The research house said SEM unveiled its “Back to Basics” exercise during its analyst briefing. It said more emphasis would be placed on cost efficiencies moving forward. “With its newly announced ‘Back to Basics’ […]

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Invest Malaysia draws 900 fund managers

KUALA LUMPUR: Invest Malaysia 2017 (IM 2017) has attracted about 900 fund managers with total assets under management (AUM) of US$19.9 trillion, a significant increase from US$11 trillion last year. Bursa Malaysia Bhd chairman Tan Sri Amirsham Abdul Aziz said IM 2017 marked the 13th year that the exchange had organised the nation’s premier conference to […]

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Malaysia, Indonesia discuss outstanding bilateral trade issue

KUCHING: The third Malaysia-Indonesia Joint Trade and Investment Committee (JTIC) Ministerial Meeting in Kuching on Thursday discussed several key outstanding issues affecting bilateral trade between Malaysia and Indonesia, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said the meeting, among others, reviewed the 1970 Border Trade Agreement: trade restriction on Tebedu-Entikong border; […]

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Malaysia’s economy to continue to improve in Q2

KUALA LUMPUR: Malaysia’s economy is expected to further improve in the second quarter (Q2) of this year with exports likely to increase amid continuous strong domestic demand and private expenditure as seen in the first quarter. Minister in the Prime Minister Department, Datuk Seri Wee Ka Siong, said Q1’s gross domestic product (GDP) growth of […]

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