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September 5, 2018 7:51 AM EPF sees 7.64% increase in investment income in Q2

PETALING JAYA: The Employees Provident Fund (EPF) saw a 7.64% increase in total investment income to RM12.39 billion for the second quarter ended June 30, 2018 against RM11.51 billion in the previous corresponding period. In a statement released today, the pension fund's deputy CEO (Investment) Datuk Mohamad Nasir Ab Latif said the trading environment 120

August 25, 2018 7:12 AM Business as usual for Australian economy under new PM

SYDNEY: Scott Morrison is respected by investors and his elevation to Australian prime minister is a good outcome, analysts say, with the latest bout of political instability unlikely to hurt the economy. The 50-year-old outgoing treasurer took the top job after a Liberal Party revolt instigated by hardline conservatives, led by Peter Dutton, to unseat 14

August 22, 2018 6:41 PM For 44 years money from the Malay states has been diverted to the Chinese states

Terengganu receives slightly over RM1 billion a year in oil revenue. Sabah and Sarawak combined receive RM2.25 billion a year. Kelantan gets nothing. Over the last 44 years since 1974, Petronas is said to have earned more than RM2.5 trillion in revenue from Sabah, Sarawak and Terengganu. Terengganu, Kelantan, Sabah and Sarawak are the poorest states 25

August 20, 2018 6:04 AM Foreign funds turned net sellers last week

PETALING JAYA: Foreign funds offloaded RM631.4 million net of local equities, wiping out the net inflow of RM458.2 million recorded in the week before, according to MIDF Research. “Offshore investors were already selling a lot on Monday to a tune of RM142.3 million net as the crisis in Turkey rippled across emerging markets including Malaysia. It came to no surprise 12

August 6, 2018 1:22 PM Foreign funds bought RM348.9 million last week

PETALING JAYA: Global funds accumulated RM348.9 million net of local stocks last week, according MIDF Research. So far in 2018, it said global funds have been net buyers of Malaysian stocks for 15 out of 31 weeks. “After 13 uninterrupted weeks of foreign net selling of stocks listed on Bursa, global investors finally made their way to Malaysian shores 13

August 6, 2018 9:13 AM Malaysia, Indonesia to use emotion to promote palm oil to EU

PUTRAJAYA: Malaysia and Indonesia will use the emotional element such as the health benefits of palm oil in their campaign to gain the confidence of the European markets, says Deputy Primary Industries Minister Shamsul Iskandar Mohd Akin. He said Malaysia as a palm oil producer holds to the principle of cooperation with other palm oil producing countries 11

August 1, 2018 1:14 PM Exports to pick up in June, says RAM

PETALING JAYA: Malaysia’s export growth is expected to pick up to 8.7% in June from 3.4% in May on the back of steady demand from key export markets, while trade surplus is projected to stand at RM11.1 billion said RAM Ratings. The increase is expected despite the slowdown envisaged due to the Hari Raya festive season – thanks to the continued improvement 19

July 22, 2018 11:11 AM Japan urges caution over Trump’s complaint on strong dollar

BUENOS AIRES: Japan should be careful about recent remarks by US President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday. The US dollar fell the most in three weeks on Friday against a basket of six major currencies 16

July 20, 2018 7:30 AM AirAsia X inks conditional amendment agreement with Airbus for additional 34 aircraft

PETALING JAYA: AirAsia X Bhd has entered into a conditional amendment agreement with Airbus S.A.S for the purchase and delivery of an additional 34 A330-900neo aircraft pursuant to the A330-300 purchase agreement dated June 14, 2007. This comes after the low-cost long-haul carrier announced yesterday that it had placed an order of 100 Airbus A330neo widebody 17

July 19, 2018 11:11 AM AirAsia X sticks with Airbus after window shopping at Boeing

SEPANG: AirAsia X has confirmed its order of 100 Airbus A330neo widebody aircraft, after window shopping at Boeing earlier in the year. AirAsia Group CEO and AirAsia X co-group CEO Tan Sri Tony Fernandes, speaking at a briefing today, said the group was in discussions with Airbus for two years and was looking to cancel the order before reaffirming and increasing 10