Category: Malaysia Market

Instantly update and podcast Malaysia Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Malaysia Market News for the one who wanted to catch up Malaysia Market change in timely manner.

MIDF expects GDP to grow 5.4pc, reversing the fall in 2020

MIDF Research expects the Malaysia’s gross domestic product (GDP) to grow by 5.4 per cent in 2021. — Picture by Hari AnggaraSubscribe to our Telegram channel for the latest updates on news you need to know.KUALA LUMPUR, March 1 — MIDF Research expects the nation’s gross domestic product (GDP) to grow by 5.4 per cent this year, reversing…

AMMB’s shares suspended on 1MDB settlement

AMMB Holdings Bhd’s shares were suspended after the banking group agreed to pay RM2.83 billion to the Malaysian government as settlement on all outstanding claims and actions in relation to its involvement in the 1Malaysia Development Bhd scandal. — File picture by Yusof Mat IsaSubscribe to our Telegram channel for the latest updates on news you…

Bursa opens slightly higher

An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari AnggaraSubscribe to our Telegram channel for the latest updates on news you need to know.KUALA LUMPUR, March 1 — Bursa Malaysia opened slightly higher today on the back of buying support in heavyweights…

Ringgit lower versus US dollar, partly hobbles by crude oil market

Malaysian ringgit notes are seen among US dollar bills in this photo illustration taken in Singapore in this August 24, 2015 file photo. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.KUALA LUMPUR, March 1 — The ringgit opened lower against the US dollar on Monday, hobbled partly by the domino effect…

Dow, S&P 500 fall to conclude rocky week for US stocks

Wall Street stocks finished a volatile week mostly lower on February 26, 2021 — AFP picSubscribe to our Telegram channel for the latest updates on news you need to know.NEW YORK, Mar 1 — Wall Street stocks finished a volatile week mostly lower Friday as markets weighed inflation worries against expected progress on a US spending package and coronavirus…

Facebook to pay US$650m settlement over US privacy dispute

Facebook will pay US$650 million payment to settle a privacy dispute between a California group and 1.6 million users in the US state of Illinois. — Reuters file picSubscribe to our Telegram channel for the latest updates on news you need to know.WASHINGTON, Mar 1 — A US federal judge has given final approval to Facebook’s US$650 million payment…

Here’s why the ANZ (ASX:ANZ) share price is underperforming today

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is underperforming its peers on Monday.At the time of writing, the banking giant’s shares are up ever so slightly to $26.22. This compares to a 1% gain by the Commonwealth Bank of Australia (ASX: CBA) share price.Why is the ANZ share price underperforming?This morning ANZ released…

HSBC appoints Cheah as head of global banking, Malaysia effective tomorrow

HSBC has appointed Christina Cheah as head of global banking, Malaysia, effective tomorrow. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.KUALA LUMPUR, Feb 28 — HSBC has appointed Christina Cheah as head of global banking, Malaysia, effective tomorrow.In a statement today, HSBC said Cheah was previously…

Analysts: Europe less at risk of inflation and rate fears

After having slowed considerably in 2020, inflation is expected to rise this year in Europe. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.PARIS, Feb 28 — Investors are watching inflation carefully, worried that a boiling over of prices will ruin the expected strong pandemic recovery although analysts…

Industries Unite: Unregistered SMEs being left out of govt aid

SMEs which are neither registered with Miti nor business councils are feeling the heat of poor consumer sentiments and being left out of the government’s assistance for businesses. — AFP picSubscribe to our Telegram channel for the latest updates on news you need to know.KUALA LUMPUR, Feb 28 — Micro small and medium enterprises (SMEs) which…

What will the US economic recovery look like?

People wait in line at the St Clements Food Pantry for food during the coronavirus disease pandemic in the Manhattan borough of New York City, December 11, 2020. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.WASHINGTON, Feb 28 — The US economy is rebounding faster than expected from the Covid-19…

UK’s Sunak to provide £5b worth of grants to pandemic hit businesses in budget

Britain’s Chancellor of the Exchequer Rishi Sunak poses with the red budget box outside his office in Downing Street in London March 11, 2020. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.LONDON, Feb 28 — British finance minister Rishi Sunak will announce £5 billion (RM28 billion) of additional…

McDonald’s says mulling partial sale of digital unit

McDonald’s is weighing the sale of part of digital start-up Dynamic Yield, which it bought two years ago. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.WASHINGTON, Feb 28 — McDonald’s is weighing the sale of part of digital start-up Dynamic Yield, which it bought two years ago in a bid to boost…

UK to give £12b to new Infrastructure Bank

The Chancellor of the Exchequer Rishi Sunak is expected to announce the initial funding at Wednesday’s Budget and the bank will launch in spring, the Treasury said. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.LONDON, Feb 28 — Britain is to launch a new Infrastructure Bank with £12 billion (RM68…

‘Never bet against America,’ Warren Buffett advises investors

Ninety-year-old billionaire Warren Buffett reaffirmed his fervent belief in the American Dream. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.WASHINGTON, Feb 28 — Ninety-year-old billionaire Warren Buffett reaffirmed his fervent belief in the American Dream in a letter to investors published yesterday…

Global stock slide on inflation fears, dollar gains

Shares of Amazon.com Inc, Microsoft Corp and Alphabet Inc edged up after bearing the brunt of this week’s downdraft to help the Nasdaq shake off its worst day in almost four months on Thursday. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.NEW YORK, Feb 27 — The Nasdaq recovered as the bond rout…

Malaysian pension fund EPF assets grow to value of $252 bln in 2020

KUALA LUMPUR — Malaysia’s Employees Provident Fund (EPF) saw its investment assets grew 7.9% from a year earlier to a market value of 1.02 trillion ringgit ($252 billion) at the end of 2020, the fund said on Saturday.At that growth rate, assets under management grew to 998 billion ringgit, said the 70-year-old government-linked pension fund.In…

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