Author:
bicarajutawan | Category:
News
KUALA LUMPUR: The consumer price index for June surged 7.7% on-year and also recorded a 3.9% increase on-month, fuelled by the substantial rise in the price of petrol and diesel.
The Statistics Department said Wednesday the CPI for January to June increased by 3.7% to 109.0 compared with that of 105.1 in the previous corresponding period.
“Compared [...]
Author:
bicarajutawan | Category:
Uncategorized
KUALA LUMPUR: Bursa Malaysia Bhd’s dismal second-quarter results released yesterday were in a way a reflection of the current malaise in the local stock market.
The benchmark KL Composite Index is down 26% year-to-date from its peak in January and most investors are keeping away from the equity market due to uncertainties in the global economy [...]
Author:
bicarajutawan | Category:
News
PUTRAJAYA, July 13 (Bernama) — Malaysia’s economy is largely stable even though the country is faced with global crisis such as the increase in the prices of fuel and food, Datuk Seri Abdullah Ahmad Badawi said.
“It’s stable overall. Our trade sector… there is nothing to worry about. We continue to attract foreign investment and we [...]
Author:
bicarajutawan | Category:
Oil Price
By Santosh Menon
LONDON (Reuters) - Oil leapt $5 to a new record high near $147 a barrel on Friday, spurred by growing worries of threats to supplies from Iran and Nigeria and the possibility of a strike by Brazilian oil workers next week.
U.S. crude was $4.85 at $146.50 a barrel by 9:15 a.m. EDT, [...]
Author:
bicarajutawan | Category:
Business, News
CIMB group chief executive is urging for a review ‘not because of what it does to IPPs (independent power producers), but because of what it has done to the Malaysian financial market’
CIMB Group has asked the government to review the windfall tax imposed on independent power producers (IPPs) pursuant to the Windfall Profit Levy (Electricity) [...]
Author:
bicarajutawan | Category:
Bursa Malaysia, Stocks
Financial stocks are bottoming out following the playing out of the subprime mortgage crisis in the US, said HwangDBS Investment Management Bhd (HwangDBS IM).
Its chief executive and executive director Teng Chee Wai said technical indicators pointed to the bottoming out of financial stocks and this presented an opportunity to buy low and potentially sell very [...]
Author:
bicarajutawan | Category:
Bond, ETF, Investing
KUALA LUMPUR, July 11 (Bernama) — AmInvestment Bank Group has declared interim income distributions for its two exchange traded funds (ETFs), the FBM30etf and ABF Malaysia Bond Index Fund, for the year ending Dec 31, 2008.
The FBM30etf declared a distribution of 10 sen per unit and the ABF Malaysia Bond Index Fund a distribution of [...]
Author:
bicarajutawan | Category:
Debt Management, Housing Loan
Extending the home loan tenure by even a minimum of one year could bring more income for the banks, analysts say
BANKS will emerge the biggest winners from a proposed move to ease customers’ housing loan payments.
Banking analysts contacted yesterday said home financing is a major business for most major banks and extending the loan tenure [...]
Author:
bicarajutawan | Category:
Debt Management, Housing Loan, News
KUALA LUMPUR: Banks will soon be coming up with ways to help housing loan borrowers.
Second Finance Minister Tan Sri Nor Mohamed Yakcop said the banks welcomed the government’s suggestion that they restructure the payment plans to reduce the burden of borrowers.
Nor Mohamed said he had been informed by the banks that they would do so.
The [...]
