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Ringgit remains undervalued and more upside seen, says OANDA

KUALA LUMPUR: The ringgit remains undervalued versus regional peers as expressed through a trade-weighted average which suggests the fair value of the ringgit should be closer to 3.50-3.70, says OANDA forex trading compa...

CIMB Research retains overweight as mega rail projects’ awards imminent

KUALA LUMPUR: CIMB Equities Research is retaining its overweight outlook for the construction sector, especially Gamuda, as the awarding of the mega rail projects is imminent. It said on Monday that after January, the n...

Caution on ringgit and debt-funded projects as ‘fingers of instability’ creep in

THE collapse of giant British construction firm Carillion may not have a direct impact on markets but it is a sign that risks are emerging from debt-funded projects. “Unprecedented levels of optimism does not mean risks...

Kuwait, UAE, Russia comment on oil situation

MUSCAT: The deal on supply cuts among global oil producers aims to address excess oil inventories, which are still high, rather than price levels, Oman's oil minister Mohammed bin Hamad al-Rumhi said on Sunday. He was s...

Oil producers will cooperate beyond 2018, says Saudi Arabia

MUSCAT: Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia's energy minister Khalid al-Falih said on Su...

Money Talks: Apple to repatriate some overseas cash

Apple has the largest offshore cash reserves of any US company. It now says, it’s bringing billions of its overseas dollars back home. The tech giant announced a huge five-year investment plan, it says will contribute to...

Money Talks: Pressure for plain packaging on unhealthy foods rises

The design of a can of Coke is as familiar as it is a stroke of marketing genius. So what would happen if companies like Coca Cola were forced to ditch that packaging in favour of something far less appealing? Health exp...

Malaysia’s Petronas buys Australian spot LNG after domestic outage

LONDON: Malaysia's Petronas purchased a spot liquefied natural gas (LNG) cargo from the Australia Pacific (AP) export plant to replace lost output from a domestic project hit by a partial outage, market sources said. ...

Bank Negara launches free central credit info platform for public

KUALA LUMPUR: Bank Negara Malaysia has launched its free online platform for the public to access their own central credit reference information system (CCRIS) report, anywhere at their convenience. The new initiative –...

Worst over for Sasbadi’s retail sales

KUALA LUMPUR: CIMB Equities Research sees the worst is over for Sasbadi Holding whose share price fell by around 30% in the past three months after 4QFY17’s net loss and concerns of further weakness in retail sales. T...

OPEC sees more oil supply from rivals, countering its cuts and Venezuelan woes

LONDON: OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S. shale drillers to pump more, offsetting an OPEC-led deal to clear a supply glut and a deepening plunge...

Khazanah declares RM1bil dividend for 2017

KUALA LUMPUR: The value of investments held by Khazanah Nasional Bhd climbed for the first time in three years, hitting an all-time high of RM115.6bil, boosted by surging stock prices at home and abroad. The Government ...

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