It was a pretty bad day for Asian stock markets. For Malaysia, it was even worse. The FTSE Bursa Malaysia KLCI Index plunged as much as 3.7 percent, with losses snowballing after the midday break. The gauge headed for its biggest single-day slump since October 2008 as of 4:09 p.m. local time, with declines surpassing […]
Read Morehe shock election victory of Malaysia’s opposition alliance and the anti-corruption and economic-policy cleansing it has promised roller-coasted stocks before a slight MSCI index gain, and cast a shadow on ASEAN peers the Philippines and Thailand with their own political and fiscal battles under overall asset-class retrenchment. The International Monetary Fund chimed in with caveats at […]
Read MorePETALING JAYA: Renewed market confidence following the general election and rising demand for general consumer goods and e-commerce are expected to bolster the local industrial property market. Savills Malaysia managing director Datuk Paul Khong said improved market sentiment would certainly boost foreign direct industrial investment into Malaysia. “Coupled with surging domestic consumption, the prospects for […]
Read MorePRIME Minister Tun Dr Mahathir Mohamad has said he’ll cancel a planned high-speed railway that was intended to reduce journey times between Kuala Lumpur and Singapore from about five hours to 90 minutes. Bloomberg Opinion columnists David Fickling and Adam Minter debate the topic. David Fickling: I think we both agree that high-speed rail, or […]
Read MoreKUALA LUMPUR: The proprietary day trading (PDT) and intra-day short selling (IDSS) of Power Root was suspended at 9.11am on Monday after its share price fell to a low of RM1.27. Bursa Malaysia Securities said the PDT and IDSS were suspended at 9.11am for the rest of the day as the last done price dropped […]
Read MorePETALING JAYA: Inflationary pressure is expected to remain subdued in the near term, which will allow Bank Negara to maintain the overnight policy rate (OPR) at the current level this year. AmBank Group chief economist Anthony Dass said he believed the potential inflationary pressure from the cost side would remain subdued due to the absence […]
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Thailand
