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 […]
Read MoreKUALA LUMPUR: 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 […]
Read MoreKUALA 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 […]
Read MorePETALING 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 […]
Read MoreKUALA LUMPUR: Malaysian contractors are expected to benefit the most from the spillover from the Kuala Lumpur-Singapore High Speed Rail (HSR) project’s civil works portion, says CIMB Equities Research. It said on Monday the deadline for the project’s asset-holding company (AssetsCo) role was extended by six months, from June 28 to Dec 28, 2018. The […]
Read MoreKUALA LUMPUR: The ringgit opened marginally lower against the US dollar today on a lack of market demand, a dealer said. At 9.21 am, the local unit was quoted at 3.8980/9010 from 3.8950/8000 recorded at Friday’s close. OANDA Head of Trading Asia-Pacific, Stephen Innes said the US 10-year yields are approaching three per cent and […]
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