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  • Malaysia’s economy to grow by 5.4pc this year, says World Bank

    April 12, 2018 1:14 PM 7

    The World Bank has raised its projection of Malaysia’s economy to grow by 5.4 per cent this year from its earlier projection of 5.2 per cent. ― Reuters picKUALA LUMPUR, April 12 — The World Bank has raised its projection of Malaysia’s economy to grow by 5.4 per cent this year from its earlier projection of 5.2 per cent. In its World Bank East Asia and Pacific

  • Wholesale, retail sales value up 7.5% in February

    April 12, 2018 12:51 PM 6

    PETALING JAYA: Wholesale and retail trade sales value rose 7.5% to RM97.3 billion in February compared with the RM90.5 billion registered in the corresponding period last year, on the back of the positive growth of 9.2% and 7.5% in retail trade and wholesale trade, respectively. On a month-on-month (mom) basis, wholesale and retail sales declined 3.8% from RM101.1billion

  • Maybank eyes another record earnings this year

    April 12, 2018 8:37 AM 7

    KUALA LUMPUR: Maybank expects to achieve another record year this financial year ending Dec 31, 2018 (FY18) after hitting an all-time high of RM7.52 billion in net profit last year. "From an absolute number, definitely. We hope to see from an absolute number or nominal number, we'll see another record year and therefore it will be translated to distribution

  • February natural rubber output up 14.9%

    April 12, 2018 4:13 AM 6

    PETALING JAYA: Malaysia's natural rubber production increased by 14.9% in February 2018 to 63,246 tonnes from 55,039 tonnes in the previous month, according to Department of Statistics. However, on a a year-on-year basis, production decreased by 28.7%, it said in a statement. It said the average monthly price of latex concentrate and Standard Malaysian

  • Datasonic proposes to issue one free warrant for every two shares

    April 11, 2018 12:12 PM 7

    PETALING JAYA: Datasonic Group Bhd today said it proposes an issuance of 675 million warrants, on the basis of one warrant for every two shares in Datasonic. The warrants will have a tenure of five years commencing from and including the date of the issue of the warrants. The exercise price of the warrants will be determined and announced by the board

  • Victims of illegal trading scheme can file claims, says SC

    April 11, 2018 11:50 AM 8

    PETALING JAYA: The Securities Commission Malaysia (SC) today said victims of an illegal futures and equity trading scheme led by Mohd Faizal Jamaludin can file their claim for monies by 5pm on May 10. In a statement, SC said it had started the restitution process following administrative sanctions imposed against Mohd Faizal who carried out fund management

  • Public Bank sets up securities programme of up to RM10 billion

    April 11, 2018 11:31 AM 7

    PETALING JAYA: Public Bank Bhd has established a Basel III-Compliant Additional Tier 1 capital securities programme (AT1CS) of up to RM10 billion in nominal value. In a filing with Bursa Malaysia today, it said the capital securities will have a perpetual tenure, and qualify as Additional Tier 1 capital for the computation of the regulatory capital of Public

  • Public Bank to raise up to RM10b via capital securities

    April 11, 2018 11:26 AM 9

    The bank said it had also received approval from Bank Negara Malaysia. — Reuters pic KUALA LUMPUR, April 11 — Public Bank Bhd (PBB) has proposed to establish an additional Tier 1 capital securities (AT1CS) programme of up to RM10 billion in nominal value. In a filing with Bursa Malaysia today, PBB said Public Investment Bank Bhd, which has been appointed

  • China central bank governor says market-determined exchange rate is working very well (VIDEO)

    April 11, 2018 9:18 AM 4

    BOAO (China) April 11 — People’s Bank of China Governor Yi Gang said today the country’s exchange rate mechanism had been working well and that it hadn’t intervened in currency markets for a long time. Yi was asked by a panel moderator at the Boao Forum for Asia in Hainan province whether China would devalue its currency to counter US tariffs

  • Malaysia IPI rises 3% in Feb on better manufacturing output

    April 11, 2018 5:04 AM 9

    PETALING JAYA: Malaysia's industrial production index (IPI) increased 3% year-on-year (yoy) in February 2018, supported by the positive growth in the manufacturing and electricity segments, according to the Department of Statistics. The manufacturing sector output grew 4.7% in February 2018 after registering a 6.9% growth in January. The main sub-sectors