kuala lumpur


Allianz Malaysia Q2 net profit rises to RM89.87m

KUALA LUMPUR, Aug 20 — Allianz Malaysia Bhd’s net profit rose to RM89.87 million in the second quarter ended June 30, 2018 (Q2) from RM66.48 million a year ago, due mainly to higher contribution from general insurance and life insurance…

Shahril resigns from Media Prima, MBSB and MRCB

KUALA LUMPUR, Aug 20 — Datuk Shahril Ridza Ridzuan has resigned as Non-Independent and Non-Executive Director of Media Prima Bhd, Malaysia Building Society Bhd (MBSB) and Malaysian Resources Corporation Bhd (MRCB), with immediate effect. In…

Bursa Malaysia ends higher, led by Petronas Chemicals

KUALA LUMPUR, Aug 20 — Bursa Malaysia closed higher today on continued buying in selected heavyweights led by Petronas Chemicals, as well as mid and small-cap stocks, in sync with most regional peers, dealers said. At 5pm, the benchmark FTSE Bursa…

Malaysian stocks start week on positive note


KUALA LUMPUR (Aug 20): Malaysian stocks started the week on a positive note, as selected heavyweight counters like Petronas Chemicals Group Bhd, Axiata Group Bhd and DiGi.Com Bhd lifted the benchmark FBM KLCI up 4.11 points or 0.23% despite negative market breadth. The KLCI traded within a range of 1,782.74 points to 1,791.14 points before finishing at 1,787.58 points. Hong Leong Investment Bank Bhd head of retail research Loui Low told theedgemarkets.com that all eyes are focused on Prime Minister Tun Dr Mahathir Mohamad’s official visit to China, to seeRead More

IHS Markit: Crude oil could hit US$100 a barrel by year-end

KUALA LUMPUR, Aug 20 — Crude oil price could potentially reach US$100 (RM410) per barrel by year-end or early 2019 due to a significant reduction in Iranian output and lower spare capacity due to geopolitical risks, said global information…

BNM and People’s Bank of China renew bilateral currency swap

KUALA LUMPUR, Aug 20 — Bank Negara Malaysia (BNM) and the People’s Bank of China recently entered into an agreement to renew the bilateral currency swap arrangement with a size of 180 billion yuan/RM110 billion for a further tenure of three…

Maxis launches up to 65pc cheaper fibre broadband plans

KUALA LUMPUR, Aug 20 — Communications and Internet service provider, Maxis Bhd, has launched new fibre broadband plans for both consumers and businesses with prices at up to 65 per cent lower than the previous plans. Both the new consumer and…

PetChem monitors potential impact of US-China trade war


KUALA LUMPUR: Petronas Chemicals Group Bhd is currently monitoring the impact of the escalating trade war between the United States and China on the petrochemical industry. Managing Director/Chief Executive Officer Datuk Sazali Hamzah pointed out that there is no serious threat to the industry at the moment. “Our business is still as usual. But we are closely monitoring the situation, the trade war between China and the US. In the long term, it is not as good as it may impact some of the industrial growth in China. The industry will normaliseRead More

FBM KLCI up as China shares gain


KUALA LUMPUR (Aug 20): The FBM KLCI rose 4.5 points or 0.3% with China shares as investors looked ahead at the planned China-US trade talks. The talks are closely watched for any China-US trade war easing signs. At Bursa Malaysia, the KLCI settled at 1,787.97 at 12:30pm. In China, the Shanghai Stock Exchange Composite added 0.11% while Hong Kong’s Hang Seng was 0.19% higher. Across Bursa Malaysia, 1.18 billion shares worth RM851.41 million were traded. Top gainers included Carlsberg Brewery Malaysia Bhd and Petronas Chemicals Group Bhd. Leading decliners includedRead More

KLCI gains momentum going into midday, PetChem lifts


  KUALA LUMPUR: After a slow start at the open, the FBM KLCI moved higher into positive territory, lifted by Petronas Chemicals, and ended the morning session up 4.5 points to 1,787.97. Trading volume was 1.18 billion shares valued at RM851.41mil. There were 335 gainers versus 417 decliners and 377 counters unchanged. Asian markets were cautiously optimistic as investors awaited more details on proposed trade talks about the US and China. Japan Nikkei moved between positive and negative territory, and traded 0.33% lower at midday. Shanghai’s Composite Index was upRead More