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Saudi Arabia becomes oil price hawk

LONDON: For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. Thanks to OPEC-led pro...

Malaysian palm oil price rises from one-week low, gains on better demand outlook

KUALA LUMPUR: Malaysian palm oil futures rose from a one-week low hit early on Monday, lifted by prospects of better export demand to end the trading day up 0.4 percent. The benchmark palm oil contract for May delivery ...

On Bursa Malaysia it is going to be the year of the underdogs

PETALING JAYA: Fortune may still favour the underdogs on Bursa Malaysia this year, as more agile smaller companies are again expected to outperform their bigger and pricier counterparts. The FTSE Bursa Malaysia KL Com...

Public Bank, KLK power KLCI higher early Monday

KUALA LUMPUR: Bursa Malaysia started the new week on a strong note early Monday, with Public Bank and KL Kepong boosting the FB KLCI, tracking the positive key Asian markets. At 9.23am, the KLCI was up 8.17 points or 0....

Ringgit climbs against greenback early Monday

KUALA LUMPUR: The ringgit opened higher against the US dollar on Monday amid continuous weakness in the greenback, a dealer said. At 9am, the ringgit stood at 3.8860/8910 against the greenback from Thursday's close of 3...

Malaysian palm oil/Vegoils: Market factors to watch Monday Feb 19

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 19. FUNDAMENTALS * Malaysian palm oil futures edged up slightly around noon on Thursd...

Singapore estate buy for RM1.59bil a boon for Malaysia’s Sunway

PETALING JAYA: Sunway Bhd ’s planned acquisition of a Singapore-based residential estate for S$530mil (about RM1.59bil) is expected to contribute positively to its coffers, moving forward, as the group expands its f...

Bitcoin rises above US$10,000, strategist sees new high by July

NEW YORK: Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December. Bitcoi...

Global stocks climb, shrugging off inflation data; US$ falls

NEW YORK: World equity markets surged anew on Thursday as investors shrugged off the latest sign of rising U.S. inflation, while strong global growth weighed on the dollar and pushed it to a 15-month low against the Japa...

Malaysia’s external debt higher at RM883.4b end-Dec but manageable

KUALA LUMPUR: Malaysia's external debt rose to RM883.4bil (US$215.5bil) or 65.3% of GDP as at end-December 2017 from the preceding quarter due to an increase in loans, interbank borrowing and non-resident (NR) holdings o...

Bank Negara’s five-pronged approach to affordable housing

KUALA LUMPUR: Bank Negara Malaysia has proposed a five-pronged strategy as a holistic approach to effectively bridge the affordable housing gap in Malaysia. It said on Wednesday that in 2016, houses in Malaysia remained...

Malaysian economy grew 5.9% last year, slower pace seen this year

PETALING JAYA: The Malaysian economy grew faster than had been forecast last year, but economists are looking at the high base effect, a slower pace of export growth and external conditions to impact Malaysia’s growth pr...

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