Bank Negara’s Reserves At RM414.5 Billion

KUALA LUMPUR, Nov 21 – The international reserves of Bank Negara Malaysia (BNM) amounted to RM414.5 billion (equivalent to US$126.6 billion) as at November 14, 2014. “The reserves position is sufficient to finance 8.7 months of retained imports and is 1.1 times the short-term external debt,” BNM said in a statement

Ringgit Closes Lower Against US$

KUALA LUMPUR, Nov 21 – The ringgit closed lower against the US dollar for the third consecutive days yesterday as demand for the Asian emerging currencies remained weak, dealers said. The domestic currency was quoted at 3.3660/3675 in contrast to the 3.3590/3610 recorded at Wednesday’s closing. The ringgit was slightly

KTMB Raising Cargo Rates In 2015

KUALA LUMPUR, Nov 20 – After rail cargo rates remained unchanged for 32 years, KTM Bhd (KTMB) has shown some positive gains when it raised container and cement transport charges this year. To continue this momentum in earnings growth, KTMB will eke up container rates further next year, said president Datuk Elias Kadir

Ringgit Sharply Lower Against US Dollar

KUALA LUMPUR, Nov 19 – The ringgit was traded sharply lower against the US dollar in early trade today, with the local currency declining to its lowest lower in more than four years on expectation of increases in US interest rates by 2015, dealers said. The ringgit was also impacted

Learn From Japan: Postpone GST, Says DAP

PETALING JAYA, NOv 19 – The DAP today said Prime Minister Datuk Seri Najib should do his utmost to understand the lessons from Japan and defer the introduction of the GST indefinitely. Its national political education director, Liew Chin Tong said there is a new element for the government to

Malaysia And Singapore Urged To Develop As Asian LNG Hub

KUALA LUMPUR, Nov 19 – Malaysia and Singapore need to develop an Asian liquefied natural gas (LNG) hub as a platform to provide an economically sustainable energy solution to Asian countries. Chief Executive Officer of Singapore’s Pavilion Energy, Seah Moon Ming said the initiative could facilitate transparent LNG pricing and

TM Shares Up 14 Sen At 11.33am

KUALA LUMPUR, Nov 19 – Telekom Malaysia Bhd (TM) shares rose 14 sen to RM7.31, with 2.53 million lots traded as at 11.33am. The company signed a framework agreement with MYTV Broadcasting Sdn Bhd (MTVB) yesterday to provide digital terrestrial television infrastructure, network facilities and related services in the country.

GST Registrations Rise To 148,129 As Of Nov 17

KUALA LUMPUR, Nov 18 – The number of companies registered for the Goods and Services Tax (GST) stood at 148,129 as of Nov 17, 2014, an increase of 2,511 from the previous day, the Royal Malaysian Customs Department said. The number of companies registered for the GST has now surpassed the

KL Shares Higher At Midafternoon

KUALA LUMPUR, Nov 18 – At 3pm today, there were 352 gainers, 329 losers and 319 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,813.59 up 7.11 points, the FBMACE was at 6,452.54 up 114.25 points, and the FBMEmas was at 12,516.07 up 40.10 points. Turnover was

OCBC Aims To Ride On Growing Services Sector

OCBC Bank (Malaysia) Bhd intends to ride on the growth wave of Penang’s services sector via the expansion of its premier banking offerings. Its chief executive officer Ong Eng Bin said while the manufacturing sector remains the state’s economic backbone, the bank had noted the emergence of sectors such as

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