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Malaysia: Ringgit higher against US$

KUALA LUMPUR: The ringgit was slightly higher against the US dollar and other major currencies early Wednesday on renewed demand for the domestic unit, a dealer said. At 9.00 am(0100 gmt), the local unit was quoted at 4.2050/2080 against the greenback from Tuesday’s close of 4.2060/2090. The dealer said the ringgit’s rebound was due to oil […]

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Malaysia debt watcher hikes Philippine credit rating to positive

MANILA, Philippines — Kuala Lumpur-based RAM Rating Services Bhd upgraded the credit rating outlook of the Philippines to positive from stable amid the Duterte administration’s bold infrastructure agenda and efforts for tax reform, alongside robust economic growth and strong external payments position. The Malaysian debt watcher said the country’s outlook was upgraded to reflect the […]

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Malaysia: Palm oil stocks rise 8.8% in August

KUALA LUMPUR: Malaysia’s total palm oil stocks in August 2017 rose 8.79% to 1.94 million tonnes from 1.78 million tonnes in July. Crude palm oil (CPO) stocks also increased by 12.58% to 1.06 million tonnes during the month from 938,502 tonnes in the preceding month. Stocks of processed palm oil increased 4.59% to 885,430 tonnes […]

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MyCEB launches 3rd Malaysia Business Events Week

KUALA LUMPUR: Malaysia Convention & Exhibition Bureau (MyCEB) has launched the 3rd Malaysia Business Events Week (MBEW) at One World Hotel in Petaling Jaya. According to a press release issued on Monday, the event aims to be a platform for industry stakeholders to converge, communicate and debate issues that impact the future growth and sustainability […]

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Malaysia July factory output up 6.1% y-o-y

KUALA LUMPUR — Malaysia’s industrial production in July expanded at its fastest pace in eight months, government data showed on Monday, boosted by gains in all three major sectors. Factory output grew 6.1% from a year earlier in July, the fastest since November 2016 and beating the 5.3% annual rise forecast in a Reuters poll. […]

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Malaysia: Sultan Ibrahim raises his stake in 7-Eleven to 9.2%

KUALA LUMPUR: Johor ruler Sultan Ibrahim ibni Almarhum Sultan Iskandar has increased his stake in convenience store operator 7-Eleven Malaysia Holdings Bhd to 9.22%. Filings with Bursa Malaysia showed he had acquired an additional 2.44 million shares on Aug 28 to 30. The latest acquisitions increased his shareholding in 7-Eleven to 102.40 million shares. Shares of 7-Eleven […]

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