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Malaysian palm oil price hits 2-year low on weaker Dalian oils, stronger ringgit

KUALA LUMPUR: Malaysian palm oil futures fell more than 1 percent to a two-year low on Tuesday, hurt by weaker oils on China's Dalian Commodity Exchange and a firmer ringgit. The ringgit rose to its strongest levels aga...

Ringgit opens higher amid lull in trade conflict

KUALA LUMPUR: The ringgit opened higher against the US dollar in the early trading session today, amid a lull in trade war tensions, a dealer said. At 9.00 am, the ringgit was quoted at 4.0180/0230 against the US dollar...

Xiaomi surges 10% after disappointing Hong Kong debut

BEIJING: Xiaomi Corp. surged more than 10 percent a day after its disappointing debut, as investors began to pile into the world’s third-largest listed smartphone maker. The Chinese company surged to a high of HK$18.56,...

Former Goldman Sachs banker in 1MDB plea talks with US, says WSJ

SINGAPORE: A former Goldman Sachs Group Inc. banker is in talks with U.S. prosecutors to potentially plead guilty to criminal charges stemming from an alleged scheme to steal billions of dollars from a Malaysian state in...

Mycron shares jump 27.6% in early trade

KUALA LUMPUR: Shares in Mycron Steel Bhd , which has been on a general uptrend since mid June, rose 27.6% in early trade.   The cold-rolled coil (CRC) manufacturer, is one of the top gainers, rising 10.5 sen, or 27.63...

BNM expected to keep OPR at 3.25%

KUALA LUMPUR: Standard Chartered Global Research (StanChart) expects the Bank Negara Malaysia (BNM) to keep the overnight policy rate on hold at 3.25 per cent at the fourth Monetary Policy Committee meeting on July 11 an...

KLCI closes higher as Asian markets pick up positive sentiment

KUALA LUMPUR: Asian markets took a running start to the week with all key markets rising as Friday's US payroll data lifted sentiment. Japan's Nikkei climbed 1.2% while in China, the Shanghai Composite Index rose 2.5%...

Days of GLC top execs getting fat salaries over, says PM

KUALA LUMPUR: The days of top executives of government-linked companies (GLCs) drawing fat salaries regardless of their companies' performance is over, Prime Minister Tun Dr Mahathir Mohamad has warned. Giving the ratio...

S’pore steps up meetings with M’sia over 1MDB

Over SINGAPORE: Investigators from Singapore and Malaysia have been meeting to share information about probes related to 1Malaysia Development Bhd (1MDB), according to authorities in the city-state. Malaysia is working ...

Singapore steps up meetings with Malaysia over 1MDB probes

SINGAPORE: Investigators from Singapore and Malaysia have been meeting to share information about probes related to 1Malaysia Development Bhd, according to authorities in the city-state. Malaysia is working with several...

Johor eyes over RM1bil investment from China company

KULAI: The Johor state government is in the midst of discussions with a company from China on its plans to invest more than RM1 billion to set up a tyre manufacturing plant in the state. State International Trade, Inv...

Malaysia’s stocks selloff has investors sniffing for bargains

SINGAPORE: A US$33bil selloff in Malaysian stocks since Tun Dr Mahathir Mohamad’s election has got Nikko Asset Management on the hunt for bargains. Some of the nation’s banks, consumer and healthcare shares have now fal...

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