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Ringgit continues rise against US$

KUALA LUMPUR: The ringgit pared its earlier losses to close higher against the US dollar for the second consecutive day this week as investors risk appetite for the local currency remained favourable amid the weakening o...

Ringgit rises to 16-month high, Bursa fails to hold gains

PETALING JAYA: Not surprisingly Bursa Malaysia failed to hold on to its gains generated during “window dressing” activities last week as it fell 14.11 points on the first day of trading in the new year. The stock market...

Lower oil price curbs investors’ appetite for ringgit

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar early Wednesday on declining global oil prices, which curbed investors' appetite for the local note. At 9 am(0100gmt), the local unit stood at 4.02...

Apple apologises after outcry over slowed iPhones

FACING lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone bat...

Ringgit goes into 2018 on stronger footing

KUALA LUMPUR: The ringgit’s rally is expected to continue in 2018, strengthening to the 4.00 region against the US dollar, on support from the weak greenback sentiment and a recovery in commodity prices. Affin Hwang Inv...

Lethargic loan growth, higher credit costs for banks

KUALA LUMPUR: CIMB Equities Research retains its Neutral call on Malaysia banks, premised on the lethargic loan growth and potential rise in credit cost upon adoption of the new accounting standard MFRS 9 in 2018. It ...

PNB to work on issuance of Maybank Islamic shares

PETALING JAYA: Permodalan Nasional Bhd (PNB) will continue to work on the issuance of Islamic shares or i-shares for Malayan Banking Bhd  (Maybank) this year. Last year, PNB announced its plan to carve out 20% of...

Chinese investments in Malaysia likely to diversify into more sectors in 2018

PETALING JAYA: The flow of investment from China into Malaysia is likely to diversify into more sectors compared to the current emphasis on infrastructure and property development projects, economists said. UOB Kay Hian...

CIMB Research retains add for MyEG Services despite fine

KUALA LUMPUR: CIMB Equities Research is maintaining its earnings per share (EPS) forecasts and target price for MyEG Services at RM3.04 – an upside of 36.3% % from the last traded price of RM2.23. It said on Tuesday t...

Saudi Arabia demanding $6B for release of Prince Al-Waleed Bin Talal

Fox News national security analyst Walid Phares on Saudi Arabia demanding $6 billion for Prince Al-Waleed Bin Talal's freedom....

How free electricity would change the world | The Economist

Imagine if heating and powering homes became free in the next decade. What would that mean for the world? Click here to subscribe to The Economist on YouTube: http://econ.st/2AjsewG Daily Watch: mind-stretching short fil...

2017 in review: S. Korea’s corruption scandal

Back in March,... Korea's Constitutional Court,... upheld the impeachment of Park Geun-hye. Immediately ousted, she became the first ever democratically elected president to be removed in that fashion. Indicted and detai...

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