Markets

Can Equities Extend Gains?

It took two soft US economic reports and an approving nod from Fed Chair Powell for equity markets to regain record highs. As flagged last week, after a softer-than-expected...

MPI Lead Gainers Rising 3% While UTDPLT Ends Week Lower

The week ended with gainers outnumbering losers 846 to 374 on KLSE with 497 counters unchanged, 652 untraded and 10 others suspended. Among the top gainers are MPI, the semiconductor...

Stocks On Upbeat Mode With 846 Gainers Amid GDP...

Shares on Bursa Malaysia closed in an upbeat mode Friday as investors cheered the nation’s first-quarter (1Q) gross domestic product (GDP) growth, which beats consensus estimates. At 5pm, the FTSE...

Foreign Exchange Rates May 17, 2024

The closing Foreign Exchange rates (from Bank Negara) as at 5pm, May 17 are as presented below:   Foreign Currency UnitsBuyingSelling1 U.S. Dollar4.6854.691 Australian Dollar3.11653.12261 Brunei Dollar3.47663.48231 Canadian Dollar3.4353.4397100 Cambodian Riel0.11390.11531...

Bursa Malaysia’s Rally Pushes On Amid Regional Profit-taking

Bursa Malaysia remained resilient amidst profit-taking pressures observed in regional markets, maintaining an upward trajectory during the early session. The index displayed signs of a rally approaching midday, particularly...

Property

Berjaya Launches Times Square 2 Serviced Residence

Berjaya Times Square Sdn Bhd, a subsidiary of Berjaya Assets Bhd, has launched Times Square 2 Kuala Lumpur locate adjacent to Berjaya Times Square and Bukit Bintang City Centre...

S P Setia Records 40% Jump In Q1 Profits...

S P Setia reported a profit before tax rose to RM181.2 million in Q1 2024, representing a 56% increase compared to the same period in the previous year, while...

MK Land CEO To Cease Office In June

MK Land said its Chief Executive Officer Datuk Ahmad Faris Yahaya will be ceasing office on June 30 as his contract will be expiring. Dato’ Faris was appointed as the...

News

Under Appreciated KL Forest Eco Park To Get An Uplift

The Natural Resources and Environmental Sustainability Minister, Nik Nazmi Nik Ahmad, believes that the Kuala Lumpur Forest Eco Park in Bukit Nanas has the...

Greater Klang Valley Has Potential For Robust Economic Growth

Greater Klang Valley, which connects Selangor’s four main cities, has all the makings of a high-value development area capable of competing with other metropolises...

This Weeks Headliners: YTL Power Euphoria, Axiata Merger, Lower Inflation, 1Q GDP

This week the most anticipated news must have been the GDP numbers for Q1, Bank Negara gave a positive report which saw an immediate...

Hundreds Protest Taiwan’s Ruling Party On Eve Of Inauguration

Hundreds of opposition supporters rallied in Taipei to protest four more years of Democratic Progressive Party (DPP) rule on Sunday (May 19), the day...

China Introduces 6300 Measures To Boost Tourism

Over 6,300 preferential measures in seven categories have been introduced across China to boost tourism in a month-long campaign to mark this year's China...

Hong Kong’s Economy Is On An Upward Trend: Financial Secretary

Hong Kong's economy is improving with stable financial situation, positive market outlook and upbeat stock market, Financial Secretary of the Hong Kong Special Administrative...

Pointless If Wage Hike Leads To Inflation: Sarawak Premier

A mechanism to effectively control inflation must be established to ensure workers can fully benefit from any wage increase, said Sarawak Premier Tan Sri...

Merchantrade Transforms Border Market To Go Cashless

Merchantrade Asia Sdn Bhd has managed to register over 100 merchants during the initial phase of its campaign at the well-known bustling Serikin weekend border market and make it the country's first cashless border market. Nestled in Sarawak,...

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Trade

Greater Klang Valley Has Potential For Robust Economic Growth

Greater Klang Valley, which connects Selangor’s four main cities, has all the makings of...

MATRADE Inks Deal With Uzbekistan’s Largest Business Federation

Malaysia External Trade Development Corporation and the Chamber of Commerce & Industry of Uzbekistan...

APEC Expects Regions Growth Will Reach 3.4% In 2024

APEC is of view that growth in its region will reach 3.4 percent in...

Ringgit On Right Trajectory After Friday Closing At 4.68

The ringgit strengthened to below the 4.70/USD level at 4.68 as of Friday evening...

Selangor IC Design Park’s Office Space To Expand 50%...

The Selangor's Integrated Circuit (IC) Design Park in Puchong is planning to expand its...

Trade Mission To Egypt, Libya Bears Fruit With RM250...

Malaysia External Trade Development Corporation (export drive mission to North Africa region especially in...

Malaysia’s Inflation In 2023 Was Slower At 2.5%: DOSM

According to the Department of Statistics, Malaysia's inflation in 2023 recorded a slower increase...

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