Thursday, January 11th, 2018
KUALA LUMPUR, Jan 11 — A record 96.5 million passengers passed through airports nationwide in 2017. And last month, passenger frequency at the 39 Malaysia Airports Holdings Bhd (MAHB)-operated airports nationwide recorded 8.99 million people….
(Jan 11): The U.S. Senate will next month hold a hearing with the country’s top markets regulators to discuss the risks posed by cryptocurrencies such as bitcoin, a person with direct knowledge of the matter told Reuters. The Senate Banking Committee will take testimony from Commodity Futures Trading Commission Chairman Christopher Giancarlo and Securities and Exchange Commission Chairman Jay Clayton in early February, the source said. The hearing comes amid heightened concerns over a bubble in the bitcoin market after the currency soared to record highs of more than $19,000Read More
KUALA LUMPUR: The ringgit’s current upward momentum against major currencies is backed by the country’s robust domestic economy and healthy trade performance, underpinned by the recovery in global oil prices. Second Finance Minister, Datuk Seri Johari Abdul Ghani said the ringgit was also supported by Malaysia’s strong export performance, which increased 20.2 per cent from Jan-Nov 2017, as compared to the same period […]
KUALA LUMPUR, Jan 11 — The ringgit’s current upward momentum against major currencies is backed by the country’s robust domestic economy and healthy trade performance, underpinned by the recovery in global oil prices. Second Finance…
BEIJING, Jan 11 — A report that China is considering slowing or halting purchases of US Treasury bonds may be based on erroneous information and could be “fake,” the country’s foreign exchange regulator said today. Bloomberg News reported…
KUALA LUMPUR (Jan 11): UBS analyst Nicole Goh downgraded the recommendation on Top Glove Corp Bhd to sell from under review. Goh raised the target price to RM7.80 from RM7.40, implying a 13 percent decrease from the last regular trade. The target is 4.7 percent above the consensus average of RM7.45. Top Glove had 9 buy recommendations, 8 holds and 2 sells previously. In the past six years and 11 months, UBS has rated Top Glove buy three times, sell three times and neutral three times. The shares rose anRead More
KUALA LUMPUR, Jan 11 — Malaysian corporations and small-medium enterprises (SMEs) are likely to increase their hiring activity this year, RAM Holdings Bhd Group said today. Its chief executive Datuk Seri Dr K. Govindan noted that businesses…
MEXICO CITY, Jan 11 — Mexico will leave the Nafta negotiating table if US President Donald Trump decides to trigger a six-month process to withdraw from the trade pact, three Mexican sources with knowledge of the talks told Reuters yesterday….
There are a lot of factors that go into the price of any given barrel of oil. Given its quality and location, Malaysian oil is the world’s most expensive at this time. When asked about the most expensive oil grade out there, those working in the oil industry are caught blindsided because there’s no easy way to answer this question. The price of crude oil is determined by its physical characteristics (low-density, low-sulphur grade blends generally cost more, but there are several exceptions to this rule), classic supply-demand conditions, distanceRead More