Ringgit Closes Higher Against Dollar – FOREX

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KUALA LUMPUR, Oct 2 – The ringgit closed higher against the US dollar Thursday as the market reacted positively to the government’s measure to keep to its budget deficit goals by cutting the fuel subsidies further. At 5 pm, the ringgit was quoted at 3.2480/2510 against the greenback from 3.2720/2750 on Wednesday. A dealer

Thailand To Join Forces With Penang, Expand Businesses

THAILAND, Sept 25 – Thailand is looking forward to expanding its business collaboration with Penang in areas such as construction and seafood. “There are a lot of opportunities and investments that we can achieve together with the Malaysian people. “We see that Penang is a very well-developed state, in Malaysia there

Ringgit Opens Higher Against US Dollar

KUALA LUMPUR, Sept 25 – The ringgit continued yesterday’s higher closing by opening higher against the US dollar on renewed buying interest in most of the currencies of emerging Asia. At 9am, the ringgit was quoted at 3.2385/2415 to the US dollar from 3.2415/2435 yesterday’s close. Meanwhile, the local unit was

Dr Mahathir Appointed Proton, Group Lotus Chairman

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KUALA LUMPUR, May 21 – Proton Holdings Bhd has appointed former Prime Minister Tun Dr Mahathir Mohamad as its chairman effective May 16, 2014. He has also been named chairman of Proton’s subsidiary, Group Lotus plc (Lotus). Dr Mahathir will assume the position from Tan Sri Mohd Khamil Jamil who is stepping

Maxis Offers Free Tickets Home For Gawai Festival

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KUALA LUMPUR, May 16 – Telecommunications service provider Maxis Bhd is offering its customers in Sarawak a free trip back to their hometown in conjunction with the Gawai Festival. Through its “Free Ride Home” campaign, the company is giving away 300 bus and 100 boat tickets for Maxis and Hotlink’s prepaid

Petronas’ Pre-tax Profit Eases To RM27.2 Billion In Q1

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KUALA LUMPUR, May 14 – Petroliam Nasional Bhd’s pre-tax profit for the first quarter ended March 31, 2014 was slightly lower at RM27.2 billion from RM28.8 billion in the same quarter last year. However, revenue was higher at RM84 billion from RM76.7 billion in the first quarter last year. President and Chief Executive

PM Najib, President Obama Launch MaGIC In Cyberjay

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CYBERJAYA, April 27 – Prime Minister Datuk Seri Najib Tun Razak and US President Barack Obama today officially launched the Malaysian Global Innovation and Creativity Centre (MaGIC). The United States leader, who is on a three-day visit to Malaysia, stopped by in Cyberjaya to be briefed on MaGIC, which he said

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