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Asia FX Slips, U.S. Dollar Creeps Lower After Rating Cut

Most Asian currencies fell on Wednesday after Fitch cut the U.S. government’s sovereign rating, although the dollar was little changed, retaining most of its...

Hang Seng Index Futures: Struggling To Stay Above 20,000-Pt Support Level

The HSIF’s positive momentum took a breather yesterday, with the index retreating 175 pts to close at 20,028 pts. RHB Retail Research, in a note...

Manufacturing Activity To Remain Weak On Poor Global Demand Conditions, Says Kenanga IB

Malaysia’s Manufacturing Purchasing Managers’ Index (PMI) remained subdued in July (47.8; Jun: 47.7), indicating  a weak start for the 3Q23, though the index was...

Trump Indicted For Efforts To Overturn 2020 Election And Block Transfer Of Power

Former U.S. President Donald Trump was indicted on felony charges Tuesday for working to overturn the results of the 2020 election in the run-up...

Real Estate Purchases Key To Growth To Equal 2.7% Of GDP

By purchasing residential real estate, Malaysian homebuyers contributed a total of RM42.5 billion to the economy in 2022 – equivalent to about 2.7% percent...

Fitch Downgrades U.S. Credit Rating, Citing Mounting Debt And Political Divisions

Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration...

Hong Kong Viable Stocks – PetroChina, TravelSky Technology

PetroChina is eyeing to resume its bullish movement after staging a rebound from the 21-day SMA line. The stock recently underwent a correction and...

Stock Picks Of The Day – Supercomnet Technologies, Greatech Technology

Supercomnet Technologies is eyeing for an uptrend rebound, as it tested the MYR1.39 immediate resistance yesterday, with strong trading volume. RHB Retail Research, in a...

Losses May Accelerate For Singapore Stock Market

The Singapore stock market gave up less than a single point, but that was enough to snap the five-day winning streak in which it...

Dow Reaches Best Closing Level In Over A Year – Caterpillar, Arista Networks Lead Gainers

Wall Street took a step back from its big rally so far this year, and most stocks fell Tuesday following a mixed set of...

Reservoir Link Wins O&G Contract From Petronas Carigali

Reservoir Link Energy Bhd (Reservoir Link) has received a letter of award from PETRONAS Carigali Sdn Bhd for the provision of Annulus Wash and...

China Tightens Export Restrictions On Two Chipmaking Materials

China tightened restrictions on exports of products related to gallium and germanium on Tuesday, a move widely seen as retribution for curbs imposed by...

TVET Obtains A RM40 Million Boost To Entice 20,000 School Leaves This Year, Says Rafizi

The perpetuated issue against the field of Technical Education and Training and Vocational (or better known as "TVET", Technical and Vocational Education Training) stems...

Frontken’s 2Q Net Profit Slides Marginally On Lower Revenue From Taiwan, Singapore Units

Frontken Corporation Bhd’s Net Profit falls marginally by 0.89% for the second quarter ended June 30, 2023 (2QFY2023) caused by lower revenue from its...

Singapore PM To Address Political Scandals In Parliament (Updated)

Prime Minister Lee Hsien Loong will deliver a ministerial statement in parliament on Wednesday (Aug 2) regarding the corruption probe involving Transport Minister S...

HSBC Announces US$2 Bln Buyback As Rate Hikes Boost H1 Profit

HSBC Holdings PLC (HK:0005) (LON:HSBA) announced a $2 billion buyback on Tuesday as the lender logged a higher profit and revenue for the first...

RBA Holds On Rates As Inflation Eases, But More Hikes Possible

The Reserve Bank of Australia held interest rates steady on Tuesday as inflation eased in recent months, but said that more rate hikes may...

EY Global: Malaysia Sees String Of Small-Cap IPOs As Listings Rise 26% In Region

Malaysia has seen a string of small-cap technology initial public offerings (IPO), raising US$500 million (US$1=RM4.50) in 16 deals, in line with South-east Asia’s...

Research Houses Maintains ‘Overweight’ Call On Banking Sector With Higher Loan Growth Amid Softer Lending Indicators

Bank Negara Malaysia’s (BNM) banking sector statistics for June 2023 showed healthy growth in loans at 4.4% YoY, but lending indicators are softer with...

Maybank Indonesia Records 34.1% Increase in PBT to Rp1.27 Trillion In 1H2023

PT Bank Maybank Indonesia, Tbk. (Maybank Indonesia) today announced its Consolidated Financial Results for the first half ended 30 June 2023, with Profit before...

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