KUALA LUMPUR: Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 2 percent at ,500 ringgit ($612) a tonne at the midday break, its sharpest daily rise since Dec. […]
Read MoreCambodia’s fledgling stock exchange could receive a much-needed boost after Malaysian-owned power infrastructure provider Pestech Cambodia officially submitted its application for an initial public offering on the CSX, industry insiders said yesterday. Lamun Soleil, director of market operations at exchange, said Pestech Cambodia’s application was now being reviewed, and its listing was expected in the […]
Read MoreKUALA LUMPUR: The local bourse pulled back in early trade following the strong performance in the previous week. Asian markets came out of the Christmas weekend trading mixed, with Chinese stocks lagging behind even as its central bank lifted its official yuan midpoint to the highest level in 3.5 months at 6.5416 per dollar. At […]
Read MoreKUALA LUMPUR: Bursa Malaysia saw the first foreign outflow after four successive weeks of inflow for the week ended Dec 22, according to MIDF Research. “Based on preliminary data from Bursa which excluded off market trades, the net amount sold by foreign investors on Bursa last week was recorded at RM38.2mil “This latest weekly net […]
Read MoreKUALA LUMPUR: The ringgit was slightly higher against the greenback in early trading Tuesday, on market expectation that Bank Negara Malaysia will likely increase the overnight policy rate in early 2018. As at 9.04 am(1004gmt), the local unit stood at 4.0750/0800 against the US dollar from 4.0770/0800 at the close last Friday. A dealer said […]
Read MoreKUALA LUMPUR: Malaysia’s services sector grew at an annual growth rate of 7.2% to 818,311 establishments between 2010 and 2015, the Department of Statistics Malaysia revealed. According to the findings of the Economic Census 2016 for the services sector, sector income grew 8.3% per annum (p.a.) to RM2,004bil over the same five-year period, while value […]
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