Business
CIMB cautious on outlook after asset sale boosts Q1 profit
KUALA LUMPUR, May 21 — CIMB Group, southeast Asia’s fifth-largest bank by assets, posted a 37 per cent jump in first-quarter net profit, boosted by the sale of an insurance business, and warned of slowing demand for the region’s exports.
CIMB has a string of banking assets in almost every country in southeast Asia, which is relying increasingly ... Read More
Yahoo chief executive Marissa Mayer speaks at a news conference in New York May 21, 2013. — Reuters pic Read More
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Share prices close sharply higher with FBM KLCI advancing 10.23 points
KUALA LUMPUR, May 21 — Share prices on Bursa Malaysia closed sharply higher, with the FTSE Bursa Malaysia KLCI (FBM KLCI) advancing 10.23 points to 1,787.38, and close to the all-time-high of 1,788.43 on ... Read More
KLCI futures close higher on steadier cash market
KUALA LUMPUR, May 21 — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed higher in line with the steadier cash market, dealers said.At close, May 2013 rose ... Read More
EPF makes US$1.3bn additional global investiments in Q1 2013
KUALA LUMPUR, May 21 — The Employees Provident Fund (EPF), made US$1.30 billion (RM3.9 billion) in additional investment in global real estate, bonds and equities in the first quarter of 2013.The ... Read More
Short term rates close stable on Bank Negara intervention
KUALA LUMPUR, May 21 — Short-term rates closed stable today as Bank Negara Malaysia intervened in the money market to absorb excess liquidity from the financial system.The liquidity surplus in the ... Read More
Oil falls on concern about Federal Reserve direction
LONDON, May 21 — Brent oil futures fell towards US$104 (RM312) per barrel today on concerns that the US Federal Reserve might scale back its quantitative easing programme, which could damage fragile ... Read More
Hong Kong shares nudged off 3-1/2-month high, China ekes out 5th straight gain
HONG KONG, May 21 — Hong Kong shares fell from a 3-1/2-month high today, hurt by a series of fund raising moves and Goldman Sachs’ exit from Industrial and Commercial Bank of China, while China markets ... Read More
San Miguel keen to keep bank unit if CIMB walks away from deal
MANILA, May 21 — Philippine conglomerate San Miguel Corp is willing to keep its banking arm if Malaysia’s second-largest lender, CIMB Group Holdings Bhd , walks away from a deal worth nearly US$300 ... Read More
MediaCorp appoints Lai as MD
SINGAPORE, May 21 — MediaCorp has appointed Tony Lai as its Managing Director, Experiences and Outreach, effective June 3.In a statement, MediaCorp said Lai started his career with the Singapore Tourism ... Read More
Share prices extend gains at mid-afternoon
KUALA LUMPUR, May 21 —Share prices on Bursa Malaysia extended their gains at mid-afternoon, with the FTSE Bursa Malaysia KLCI (FBM KLCI) advancing 8.19 points to 1,785.34 at 2.40 pm, close to the all-time ... Read More
Malaysia’s investments grew 44pc in 2013 Q1, says MIDA
KUALA LUMPUR, May 21 — Malaysia attracted a 44 per cent increase in investments in the first quarter of 2013 compared to the same period in 2012, driven by domestic investments.According to a report ... Read More
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- TSH Resources to increase oil palm hectarage by year-end
- SingTel dips on broker downgrade
- Share prices stay positive at midday
- Significant future earnings growth expected for Asia Brands
- Affin’s share slides on lower earnings result
- Goldman exits China’s ICBC, 7 years and billions later
- JPMorgan investors on edge over vote on Dimon
- Matrade mission to Texas OTC generates RM5.5b in projects
- Nikkei turns up, hits 5½-yr high as retail investors pick up bargains
- Japan panel warns of dangers if debt not addressed
- Short-term rates to remain stable
- Ringgit traded slightly higher against US dollar
- Share prices higher in early trade
- Dollar index off 3-year high, Asian shares ease
- RAM reaffirms AAA ratings of Premium Commerce Bhd
- TNB issues RM1.63b Islamic bonds to finance power plant
- Analyst calls for May 21
- Wall St ends flat on correction worries
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