Inflow of foreign funds to improve in coming weeks, analyst says

KUALA LUMPUR, Dec 16 — Foreign fund inflow is expected to improve in the upcoming weeks as evident by the inflow of RM123.3 million in foreign funds on Thursday, the highest inflow since November 8. Inter-Pacific Securities Sdn Bhd Had of Research…

Signs of progress in US-China trade talks

WASHINGTON, Dec 16 — Though markets are on edge and the arrest of a top Chinese executive threatened to spark a crisis, there are signs the US-China trade war can be resolved without further collateral damage to the global economy. The whole world…

US Fed to hike interest rates again but hints at pause in 2019

WASHINGTON, Dec 16 — The US Federal Reserve is likely to raise interest rates in the coming week but policymakers have begun to signal they may take it a bit slower in 2019. Waning growth, a trade war, tame inflation and an increasingly scary…

Commodities’ drag on 3Q earnings

The third quarter of this year has been a disappointing period for Corporate Malaysia as results came in below expectations and analysts believing that the profit trend would unlikely get better anytime soon. Analysts said the lacklustre corporate third quarter among Bursa Malaysia-listed companies would likely extend into the last three months of the year […]

FBM KLCI bearish trend to continue

The FBM KLCI remained bearish last week as sentiment remained bearish on generally bearish markets performances regionally. There are no positive catalysts last week but weaker ringgit and falling crude oil prices affected the market negatively. The index fell to its lowest since January 2017 last Wednesday before rebounding. The benchmark FBM KLCI eventually fell […]

Crude Palm Oil Weekly Report – December 15, 2018

The Malaysian palm oil futures (FCPO) closed higher for the third consecutive session, buoyed by the slowdown in output reported in November’s monthly data from Malaysia Palm Oil Board (MPOB) and easing stock levels in Indonesia. On Friday, FCPO decreased 3.5 per cent to 2,068 as compared with last Friday’s closing price at 1,998, a […]

New investment to drive growth in Thailand’s e-commerce market

High rates of digital banking growth and an increase in online transactions have coincided with new investment in Thailand’s e-commerce segment, with online shopping market share expected to treble within five years. In late September Thai retailer Central Group formally launched a new e-commerce joint venture with Chinese company The $500m JD Central development, […]

Wanda inks US$1.7b deal to build ‘red tourism’ site in China’s Communist heartland

BEIJING, Dec 15 — China’s Wanda group has signed a deal to build a sprawling complex for patriotic tourists to visit a site where the ruling Communist Party’s traces its revolutionary roots in northwestern Shaanxi province. At a ceremony in…

RIA: Ban on three Russian businessmen attending Davos forum lifted

MOSCOW, Dec 15 — An official Russian delegation will travel to the Davos world economic forum after organisers of the event lifted an earlier ban on several Russian businessmen, the state-run RIA news agency cited a government source as saying…

US sets new March 2 date for China tariff increases amid talks

WASHINGTON, Dec 15 ― The US Trade Representative's office yesterday officially changed the scheduled date of a tariff rate increase on US$200 billion (RM837 billion) worth of Chinese goods to 12.01am EST (0501 GMT) on March 2, 2019 as the United…