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Malaysia: Foreign inflows take a breather

KUALA LUMPUR: Foreign inflows into stocks listed on Bursa took a breather last week but marked its fourth week of inflows, the longest streak since the week ended Dec 29, 2017 to Feb 2, according to MIDF Research. “Based on preliminary data from Bursa which excluded off market deals, the net amount acquired by foreign […]

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Malaysia a big winner if oil price rally continues

PETALING JAYA: Saudi Arabia, Nigeria, Colombia and Malaysia are the clear-cut winners if the recent oil price rise continues and is more supply-side driven, says Nomura Global Markets Research. In its emerging markets (EM) insight, it said for the emerging economies, the large net oil importers with weak economic fundamentals would possibly be more impacted […]

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Don: Management of Malaysia’s economy is good

BANGI: The establishment of new policies and proper management of the cost of living are vital to ensure economic sustainability, according to Universiti Kebangsaan Malaysia vice-chancellor Professor Tan Sri Noor Azlan Ghazali. Noor Azlan, who is also head of the economics and management cluster at the National Council of Professors Malaysia, said that the three […]

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KLK buys Indonesian oil palm company

KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) has agreed to buy a 95% stake in an Indonesian oil palm company with plantation in East Kalimantan for about RM300mil. The proposed acquisition, KLK told Bursa Malaysia today, represents an opportunity for the group to acquire a company with brownfield oil palm plantation. The target company, PT Putra Bongan […]

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Malaysia: Oil prices at fresh highs

PETALING JAYA: Oil prices continued to climb to a near 3½-year high, crossing the US$75 per barrel mark on expectations of lower supply. There are also indications that the United States might impose new sanctions on Iran that might lead to increased geopolitical tensions in the Middle East, according to wire reports. Brent crude oil […]

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