Archive for March, 2013

Palm futures down in quiet trade

Saturday, March 30th, 2013

CPO FUTURES KUALA LUMPUR: Crude palm oil prices on Bursa Malaysia Derivatives closed lower in quiet trading yesterday as traders unwinded their positions ahead of the weekend break, a dealer said. There were less trading in the market as traders remained on the sidelines, awaiting the release of this month’s export data next week, the […]

Ringgit end slightly higher against US dollar

Saturday, March 30th, 2013

RINGGIT KUALA LUMPUR: The ringgit closed slightly higher against the US dollar yesterday on mild buying interest amid weakness of the greenback, dealers said. At 5pm, the ringgit was quoted at 3.0920/0950 from Thursday’s close of 3.0950/0980. Meanwhile, the ringgit was traded mostly lower against other major currencies. The local currency fell against the Singapore […]

HLBB’s Chia to retire end of June

Saturday, March 30th, 2013

KUALA LUMPUR: Hong Leong Bank Bhd (HLBB) announced that its group managing director and chief executive officer Datuk Yvonne Chia will retire on June 30 2013. Hong Leong Financial Group (HLFG) president Raymond Choong said the board of directors is truly appreciative of Chia’s leadership over the past 10 years. Choong said Yvonne has led […]

Public-private collaboration key to scheme’s success

Saturday, March 30th, 2013

KUALA LUMPUR: The ambitious Perumahan Rakyat 1Malaysia (PR1MA) will involve a public-private partnership to ensure its successful implementation. PR1MA Bhd chief executive officer Datuk Abdul Mutalib Alias said there has already been collaboration at the newly-launched Nusantara Prima project in Bandar Nusajaya in Johor. “We are ready to negotiate for waivers for private developers who […]

Mild rebound seen

Saturday, March 30th, 2013

SHARE prices on Bursa Malaysia resumed their prior technical rebounds, in tune with the rebounds on Wall Street and regional stock markets. The FBM Kuala Lumpur Composite Index (FBM KLCI) has since staged a repenetration of its overhead resistance of 1,650 points. It stayed above its support of 1,650 when it hit its intra-week high […]

PR1MA takes centre stage

Saturday, March 30th, 2013

THE government’s solution to the plight of the middle class – a group that needs affordable housing in urban areas – was the perfect launch pad for Business Times’ Insight series, which kicked off with an inaugural talk titled “Affordable Housing”. In welcoming guests to the event, NSTP group managing editor Datuk Abdul Jalil Hamid […]

Ensuring future of Sepang F1

Saturday, March 30th, 2013

MALAYSIA staged its 15th edition of the Formula One (F1) race last weekend. Under the current contract, which became effective in, it will hold its 17th and last race in 2015. Is the government game for F1 to continue beyond 2015? Should the public chide it if the government were to seek and get a […]

HSBC upgrades growth forecast to 5.8pc

Saturday, March 30th, 2013

This revision follows the stronger-than-expected growth momentum in 2012. “In the near term, the picture should remain rosy,”commented its analysts Su Sian Lim and Abanti Bhaumik. The bank expects the government’s long-term Economic Transformation Programme to continue to play a significant role in attracting both domestic and foreign investment. It has also revised its outlook […]

Marts steadied

Saturday, March 30th, 2013

LONDON: European shares rose yesterday, buoyed by investors who covered bets against the market after Cyriot banks reopened as scheduled and by a surge in coffee and tea group D.E. Master Blenders on bid talks. The pan-European FTSEurofirst 300 index rose 0.5 per cent to 1,189.51 points by midday, recovering from a three-week low in […]

Mostly lower on Euro fears

Friday, March 29th, 2013

HONG KONG: Asian markets mostly fell yesterday on renewed eurozone fears, with Italy’s politicians still unable to form a government weeks after an election. Tokyo fell 1.26 per cent, or 157.83 points, to 12,335.96 and Sydney declined 0.57 per cent, or 28.5 points, to 4,966.5, while Seoul edged 0.08 points higher to 1,993.52. Shanghai tumbled […]