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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 13

September 5, 2018 6:58 AM Malaysia’s exports rise 9.4% to record high of RM86.1b in July

PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics. Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic 14

September 4, 2018 1:54 AM Bursa Malaysia lower at opening

KUALA LUMPUR: Bursa Malaysia began the morning trading on a weaker note, with external uncertainties like worries over a further escalation of the trade war and currency volatility, possibly weighing on sentiment in the near-term. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.01 points lower at 1,811.57 from yesterday's close of 1,813.58. Gainers 12

September 3, 2018 1:28 PM BNM seen holding key rate

KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep its benchmark interest rate unchanged at a meeting tomorrow, as it keeps tabs on how far the United States and China will take their ongoing trade war. All 11 economists polled by Reuters see BNM holding its overnight policy rate at 3.25%. Malaysia has raised its policy rate once this year – by 25 basis 6

September 1, 2018 6:23 AM Dr M on two-day official visit to Brunei

PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad will make a two-day official visit to Brunei from tomorrow. The Foreign Ministry, in a statement, today said Dr Mahathir would be accompanied by his wife Tun Dr Siti Hasmah Mohd Ali, Foreign Minister Datuk Saifuddin Abdullah and officials from the Prime Minister's Department and Foreign Ministry 6

August 30, 2018 7:00 AM New automotive policy by year-end, Senate told

KUALA LUMPUR: The government is to announce by the end of this year a new National Automotive Policy, said Deputy International Trade and Industry Minister Dr Ong Kian Ming (pix). The new policy would ensure that the automotive industry remained competitive and benefited the people, he told the Dewan Negara. "We are reviewing the National Automotive 8

August 30, 2018 6:19 AM Bursa Malaysia rebounds in early trade

KUALA LUMPUR: Bursa Malaysia opened higher today, with the key index rebounding from yesterday's downtrend as investors took the cue from the upbeat overnight close of Wall Street amid improving oil prices. At 9.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.26 points higher at 1,821.9 from Wednesday's close of 1,820.64. Market breadth 13

August 29, 2018 10:28 AM Qatar World Cup worker fell to his death: Contractor

DOHA: A Nepalese labourer who died working at a World Cup stadium in Qatar fell to his death, one of the main contractors at the site said. The 23-year-old scaffolder died on August 14 at the $680 million (RM2.79 billion) Al Wakrah stadium, one of the proposed venues for the controversial 2022 tournament. "We can confirm this worker lost his life. He was performing 8

August 29, 2018 3:57 AM Puncak Niaga's share price falls 2.7% on narrowed losses

PETALING JAYA: Puncak Niaga Holdings Bhd’s share price fell as much as 2.75% or 1.5 sen to 53 sen at early trade after it narrowed its losses to RM4.3 million for the second quarter ended June 30, 2018 on a boost in construction contracts, sale of fresh fruit bunches (FFB) and its concession business. The group posted a net loss of RM30.4 million for the quarter 5

August 28, 2018 8:11 AM May kicks off first Africa tour as British PM

CAPE TOWN: British Prime Minister Theresa May touched down in Cape Town Tuesday as she kicked off a tour of the African continent where she hopes to lay the foundations for post-Brexit trade deals. May is facing pressure at home from so-called Remainers sceptical of her ability to forge trade deals once Britain severs ties with Brussels, as well as from Brexiteers 4