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June 21, 2018 3:58 AM Mavcom ensures passenger/consumer protection, says chairman

KUALA LUMPUR: In the face of criticisms against the Malaysian Aviation Commission (Mavcom), its executive chairman says the airline and airport industry regulator is more focused on passenger/consumer protection. Tan Sri Abdullah Ahmad, a retired Air Force general, said that since its formation two years ago, Mavcom had received over 3,900 public complaints 6

June 20, 2018 1:41 PM Malaysia's inflation rate in May rises at fastest pace in four months

PETALING JAYA: Malaysia's consumer price index (CPI) increased 1.8% in May 2018 – the fastest pace in four months – to 121.1 compared with 119.0 in the corresponding month of the preceding year due to a strong recovery in transport prices. According to the Department of Statistics, among the major groups which recorded increases were transport (+3.8%); food & non-alcoholic 6

June 20, 2018 4:56 AM Malaysia’s inflation up 1.8% in May

PETALING JAYA: Malaysia's consumer price index (CPI) increased 1.8% in May 2018 to 121.1 compared with 119.0 in corresponding month of the preceding year, according to the Department of Statistics. Among the major groups which recorded increases were transport (+3.8%); food & non-alcoholic beverages (+2.2%); housing, water, electricity, gas & other fuels 5

June 20, 2018 2:42 AM Bursa Malaysia snaps eight-day losing streak, opens higher

KUALA LUMPUR: Bursa Malaysia snapped an eight-day losing streak to open higher today as bargain-hunting took place. The local bourse slumped to an over six-and-a-half month low at yesterday's close. But at 9.08am today, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.02 points stronger at 1,725.38 from Tuesday's close of 1,715.36. On the broader 10

June 19, 2018 10:29 AM Bursa Malaysia ends at over 6 1/2-month low

KUALA LUMPUR: Bursa Malaysia ended at a six-and-a half month low with the FTSE Bursa Malaysia KLCI (FBM KLCI) losing 28.07 points or 1.61% to 1,715.36, the lowest level seen since Dec 4, 2017, in tandem with losses in regional bourses which were reeling under the escalating trade war between the United States and China. The index opened 5.23 points weaker 4

June 17, 2018 12:25 PM Bursa trading velocity profoundly low during World Cup

PETALING JAYA: The trading velocity in Malaysia during the 2018 World Cup is expected to be subdued not just because of this event but also due to the festive season, according to MIDF Research. “We do not expect the World Cup event to change the fundamentals of all stocks under our coverage. Hence, we maintain our FBM KLCI year-end 2018 target of 1,800 points 6

June 12, 2018 12:38 PM House prices in Malaysia up 5.8% in 12 months to March

PETALING JAYA: House prices in Malaysia rose 5.8% for the 12-month period ended March 2018, according to Knight Frank's Global House Price Index report. In the past six months between the third quarter of 2017 and the end of the first quarter this year, house prices were up 2%, but they fell marginally by 0.1% in the past three months. Worldwide, Hong Kong registered 4

June 11, 2018 4:07 AM IPI up 4.6% in April 2018

PETALING JAYA: The Industrial Production Index (IPI) increased by 4.6% in April 2018 as compared with the same month of the previous year, supported by the increase in all indices manufacturing (5.3%), mining (1.8%) and electricity (5.8%), according to the Statistics Department. The manufacturing sector output rose by 5.3% in April 2018 after recording 5

June 9, 2018 3:14 AM Bursa Malaysia's downtrend likely to continue next week

KUALA LUMPUR: Bursa Malaysia will likely continue its downtrend next week on gloomy investor sentiment, as well as profit-taking ahead of the Hari Raya holiday, said analysts. An analyst told Bernama that the macro factors expected to affect the FTSE Bursa Malaysia KLCI next week, includes the Group of Seven(G7) meeting as investors search for clues 12

June 5, 2018 2:04 AM Bursa Malaysia extends losses to open lower

KUALA LUMPUR: Bursa Malaysia extended losses from yesterday to open easier this morning on continued profit-taking in selected heavyweight counters, dealers said. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,751.17, falling four points from Monday's close of 1,755.17. On the broader market, gainers led losers 128 to 70, while 145 counters 5