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Business News

Business News


Rev Asia hits limit up early Thursday

Thu, 23 Mar 2017 10:05:00 +08:00

KUALA LUMPUR: Shares of Rev Asia Bhd hit limit-up early Thursday folloowing speculation that the company would gain from the iconic Digital Free Trade Zone (DFTZ) that was launched yesterday.

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Trading ideas: FGV, Halex, Uzma, Poh Huat, Leon Fuat

Thu, 23 Mar 2017 09:45:00 +08:00

KUALA LUMPUR: JF Apex Research expects Felda Global Ventures Holdings Bhd (FGV), Halex, Uzma, Poh Huat and Leon Fuat to be among the stocks to watch on Monday following the latest corporate news.

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Rafale appears in the lead as Malaysia seeks new fighter jets

Thu, 23 Mar 2017 09:35:05 +08:00

LANGKAWI, Malaysia: France's Rafale fighter jet is emerging as the frontrunner as Malaysia looks to replace its aging fleet of combat aircraft, a source in the Southeast Asian nation's defence ministry said on Wednesday, despite narrowing its defence spending this year."The ministry's top leadership have been promoting the Rafale," said the source, who was not authorised to speak to media on the negotiations. "It's been done in promotional material for LIMA, and even at top government meetings," the source said, referring to this week's biennial Langkawi International Maritime and Aerospace Exhibition. (FILE PHOTO: A French Dassault Rafale jet receives fuel from a U.S. Air Force KC-10 tanker aircraft near Iraq October 26, 2016. U.S. Air Force/Senior Airman Tyler Woodward/Handout via REUTERS/)

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Malaysia Airlines seeks new widebody planes as jets fill up

Thu, 23 Mar 2017 09:15:19 +08:00

LONDON: Malaysia Airlines is looking to lease widebody planes to boost its network from next year and will make a decision on a order of new planes for delivery from 2019 later this year, the carrier's chief executive told ReutersPeter Bellew said load factors - or how full its planes are - were 81 percent in January and 80 percent in February and that bookings for April, May and June were looking solid. "My problem now is I don't have enough seats and I don't have big enough aircraft," Bellew said in an interview in London, where he was meeting with an airline to discuss options to lease planes.

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Asia stocks advance early Thursday; US$, oil recover from multi-month lows

Thu, 23 Mar 2017 09:07:16 +08:00

SINGAPORE: Asian stocks rose on Thursday, taking their cues from a Wall Street bounce, while the dollar crawled up from a four-month low but remains clouded by concerns about U.S. President Donald Trump's pro-growth policiesMSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.1 percent. Japan's Nikkei gained 0.25 percent, thanks to a weaker yen. Overnight, the Nasdaq jumped 0.5 percent and the S&P 500 closed higher, while the Dow Jones Industrial Average was flat, after all three touched their lowest levels in about five weeks earlier in the session.

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Diary Malaysia Thursday Mar 13

Thu, 23 Mar 2017 09:00:24 +08:00

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETSTHURSDAY, MARCH 23 KUALA LUMPUR- Dewan Rakyat sitting at 1000 (0200 GMT) KUALA LUMPUR- Press conference by Bank Negara Malaysia on 2016 Annual Report and Financial Stability and Payment Systems Report, Conference Room, 16th Floor, Block A, Bank Negara Malaysia, Jalan Kuching at 1515 (0715 GMT) KUALA LUMPUR- Prime Minister Najib Razak attends Ceupacscare beneficiary programme at Dewan Perdana, MITI Tower at 1245 (0445 GMT)

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Malaysian palm oil/Vegoils: Market factors to watch Thursday Mar 23

Thu, 23 Mar 2017 08:51:05 +08:00

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Mar 23..Malaysian palm oil futures hit a near two-week high on Wednesday, marking a second straight day of gains amid an uncertain production outlook and forecasts for a soyoil rally.

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Breakfast briefing: Thursday, March 23 (Update)

Thu, 23 Mar 2017 08:50:17 +08:00

Breakfast briefing: Thursday, March 23

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Malaysian palm oil price nears two-week peak on slower production, soyoil gains

Thu, 23 Mar 2017 07:09:58 +08:00

KUALA LUMPUR: Malaysian palm oil futures hit a near two-week high on Wednesday, marking a second straight day of gains amid an uncertain production outlook and forecasts for a soyoil rally. Palm oil production typically rises in March from February.Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange closed up 0.7 percent at 2,829 ringgit ($639) a tonne. Earlier in the session, they hit 2,839 ringgit a tonne, their highest since March 9. Traded volumes for the day totalled 40,762 lots of 25 tonnes each.

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EU to formally veto Deutsche Boerse LSE merger shortly

Thu, 23 Mar 2017 06:57:07 +08:00

FRANKFURT/BRUSSELS: The European Commission will shortly veto a proposed merger between Deutsche Boerse and the London Stock Exchange, four sources close to the matter said on Wednesday, scuppering plans to create Europe's biggest exchangeThe veto will be published within a matter of days, the people said. One said that the ruling was expected on March 29, but that the timing of the announcement may slip. Britain's government is due to initiate proceedings for leaving the European Union on Wednesday next week

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