Author:
bicarajutawan | Category:
News
Bank Negara: Current level of OPR consistent with outlook for inflation
PETALING JAYA: Bank Negara kept the benchmark interest rate unchanged at a scheduled meeting yesterday, as policymakers avoided raising borrowing cost that would further burden the domestic economy already stifled by high food, fuel and raw material prices.
The decision to maintain the overnight policy rate [...]
Author:
bicarajutawan | Category:
News, Stocks
Plantation, banking stock losses drag KLCI below 1,100
MALAYSIA’S benchmark index closed below 1,100 points for the first time since December 2006, driven by selling pressure on plantation and bank stocks.
Dealers said investors were worried that lower palm oil prices could hit local plantation companies and feared that more lenders could report weaker financial results after [...]
Author:
bicarajutawan | Category:
Bond, News
Zarinah calls on players to consider risk-indexed securities
KUALA LUMPUR: The issue of new innovative types of bonds can mitigate the current lacklustre investor sentiment in the bond market.
Concerns among bond investors at present include rising inflation, interest rate volatility, currency fluctuations and, for the US and many Western markets, subprime defaults.
Securities Commission (SC) chairman Datuk [...]
Author:
bicarajutawan | Category:
News
Citigroup’s unit, Inverfin, has shortlisted three bidders and may fetch between RM760 million and RM910 million for the building, say sources
INVERFIN Sdn Bhd, the owner of Menara Citibank in Jalan Ampang, Kuala Lumpur, has put its asset up for sale and shortlisted three bidders, sources say.
The bidders are a local listed entity, a private equity [...]
Author:
bicarajutawan | Category:
CPO, News
KUALA LUMPUR: (TheEdgeDaily) Crude palm oil’s (CPO) near-term outlook remains bleak following tumbling of prices last week amid a global selldown in commodities, indicating that the sector is heading for a downcycle.
Although sentiments have become increasingly bearish for the plantation sector, analysts said the sharp selldown in the commodity was rather unexpected.
“We were surprised at [...]
Author:
bicarajutawan | Category:
Business, CPO, News
MALAYSIA’s palm oil exports climbed 15 per cent in the first 10 days of August compared with the same period the previous month, according to independent surveyor Intertek.
A total of 407,922 metric tons of palm oil were tracked August 1-10, Intertek said in a report today.
Malaysia exported 355,154 tons of palm oil in the same [...]
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:
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:
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:
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 [...]
