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July 12, 2018 5:03 AM Standard Chartered bullish on Malaysian equities

KUALA LUMPUR: Standard Chartered, whose investment strategy is to stay bullish and diversified, is positive on Malaysian equities as it favours global equities. Its head investment strategist Manpreet Gill said it is unusual for Malaysian equities not to do well, given that global equities typically outperform in the late stages of an economic cycle 6

July 11, 2018 10:06 AM 'Clear evidence of need' in N. Korea: UN aid chief

SEOUL: The United Nations' humanitarian chief said Wednesday he had seen "clear evidence" of need in North Korea — where one fifth of children are malnourished — during a rare trip. Mark Lowcock's visit to the impoverished, isolated country this week is the first such trip by a UN undersecretary for humanitarian affairs and emergency relief coordinator 8

July 9, 2018 1:13 PM Bursa records 10th consecutive week of foreign attrition

PETALING JAYA: Foreign funds continued its selling streak last week at a net US$704.3 million (RM2.85 billion) compared with the US$705.4 million net seen the week before. “Foreign investors continued to pare their holdings in stocks listed on Bursa for the 10th consecutive week. This is the longest weekly selling streak recorded since the 20-week selling 5

July 7, 2018 6:46 AM Key points of Britain's post-Brexit trade plan

LONDON: Here are the key points of the British government's proposal agreed Friday for the future relationship with the European Union after Brexit, centred on a new "free trade area for goods". The plan says it would avoid checks on the border between Northern Ireland and Ireland and protect manufacturing supply lines, while also fulfilling domestic 8

July 5, 2018 1:40 PM SC opens applications for ECF, P2P players

PETALING JAYA: The Securities Commission Malaysia (SC) has invited parties interested to operate equity crowdfunding (ECF) or peer-to-peer (P2P) financing platforms to submit their applications for registration to the commission by Sept 7. As at June 2018, the commission said it has registered seven ECF operators and six P2P financing operators. SC noted 15

July 2, 2018 1:41 PM Perlis Raja Muda tells traders to go polystyrene-free

ARAU: The Raja Muda of Perlis Tuanku Syed Faizuddin Putra Jamalullail has called on traders in the state to cease the use of polystyrene food containers due to its adverse effect on health. He said the use of polystyrene that had been rampant at night markets and Ramadan bazaars recently showed that the traders and members of the public did not care less on the matter 5

June 26, 2018 11:06 AM Not a political appointee, MSM chairman claims

KUALA LUMPUR: As speculation is rife that more heads of government-linked companies will roll or be removed, MSM Malaysia Holdings Bhd Chairman Datuk Wira Azhar Abdul Hamid today claimed he was not a political appointee. "As far as I am concerned, I exist to serve MSM in my capacity as chairman. The question of whether I am safe or not, really depends 5

June 25, 2018 7:43 AM MBSB earmarks RM250m for IT infrastructure

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) will spend RM250 million over the next 18 months on its IT infrastructure. President and CEO Datuk Seri Ahmad Zaini Othman said this will be for the upgrading of its systems and digitalisation programme for MBSB Bank Bhd. MBSB Bank will be working on a three-year business plan that comprises 22 key initiatives 5

June 22, 2018 8:37 AM Nor Shamsiah appointed as Bank Negara governor for 5 years effective July 1

PUTRAJAYA: The Yang di-Pertuan Agong has granted his royal consent for the appointment of Datuk Nor Shamsiah Mohd Yunus as the new central bank governor. Nor Shamsiah will be appointed as the Bank Negara Malaysia governor for a term of five years from July 1, 2018 till June 30, 2023. She was formerly the deputy governor from 2010 until 2016 and recently 6

June 20, 2018 4:33 AM Penang CM wants good maintenance of markets, hawker centres

BALIK PULAU: Penang Chief Minister Chow Kon Yeow today instructed all local councils to maintain markets and hawker centres well to ensure they are "clean, green and safe" for the people. He also called on the traders and hawkers to demonstrate "a sense of ownership" in keeping the markets and hawker centres clean and safe, saying these places were their 5