Sunday, March 5th, 2017


China sets 2017 fiscal deficit target at 3pc of GDP

BEIJING, March 5 — China set a budget deficit target of 3 per cent of gross domestic product for 2017, the country’s finance ministry said in its work plan unveiled at the annual meeting of parliament today, in line with the target set a year…

Standard Life eyes Aberdeen to create US$811b fund manager

LONDON, March 5 — Standard Life Plc, Scotland’s largest insurer, is in talks to acquire Aberdeen Asset Management Plc, creating one of Europe’s biggest fund managers overseeing £660 billion (RM3.6 trillion). Under the terms of the…

Islamic finance: The unconventional but nascent financial system

  In recent years, the concept of Islamic finance as well as its principles are quickly gaining recognition across the globe, with more financial institutions and corporations adopting the idea into their systems. Islamic finance, which banks on syariah principles or Islamic rules that promotes responsible risk sharing, has been attracting greater attention in the […]

The week at a glance 5 March 2017

Sabah & Sarawak CMS earnings below expectations, but future forecast remains intact Despite Cahya Mata Sarawak Bhd’s financial year 2016 (FY16) earnings coming in below expectations, the research arm of MIDF Amanah Investment Bank Bhd affirmed that CMS’ financial year ended 2017 (FYE17)/FYE18 earnings forecasts remained intact. As per the group’s interim financial report posted […]

BPA Malaysia weekly bond market report 5 March 2017

TR BPAM All Bond index closed lower at 150.453 point from 151.114 point last week, marking a 0.437 per cent loss as the US Treasury market extended losses on the back of heightened expectation of a March rate hike by the Federal Reserve of US (the Fed). The MGS segment saw yields increased by 11 […]

Crude Palm Oil Weekly Report – March 4, 2017

Malaysian palm oil futures closed nearly unchanged as a result of consensus expecting a flat February inventory. Crude palm oil futures (FCPO) benchmark in May 2017 settled at 2,863 on Friday, gaining 59 points or 0.21 per cent from 2,804 last Friday. Trading volume reduced to 256,194 contracts from 339,729 contracts from last Monday to […]

The journey of Saudi Aramco

The largest state enterprise of Saudi Arab, Saudi Aramco, has been searching for a market exchange to do its IPO listing for more than a year. Decision came after crude prices toppled since 2014 and could not recover until the end of 2015. Technically, Saudi Aramco is the largest oil producer in the world with […]

Bursa Malaysia to consolidate and trend sideways

KUALA LUMPUR: Bursa Malaysia is likely to consolidate and trend sideways, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) moving between the 1,700 and 1,720 levels. Affin Hwang Investment Bank vice-president/head of Retail Research Datuk Dr Nazri Khan Adam Khan said the market is also expected to be cautious next week after trading quite […]

Shopper sentiment improves on the back of retail growth in Sri Lanka

Greater consumer confidence could bring about higher returns from Sri Lanka’s retail sector, though the possibility of a further tightening of monetary policy by the country’s central bank might offset any near-term gains. Sri Lankans have an improved view of market conditions, according to the latest MasterCard consumer confidence index released in mid-January, with a […]