Business - The Malaysian Insider

Oil prices ease off multi-month highs

Oil prices dipped on Thursday, after hitting three-month highs this week, with analysts warning that larger gains would be unwarranted as refineries enter seasonal maintenance and a global glut...

Palm oil reverses gains from near 3-week high on slow demand, stronger ringgit

Malaysian palm oil futures reversed gains to fall from a near three-week high on Thursday evening, due to sluggish export demand and a stronger ringgit. The ringgit gained 0.8% in evening trade...

ANZ exits SME business in 5 Asian countries, cuts 100 jobs

Australia and New Zealand Banking Group Ltd (ANZ) has closed its business lending to small and mid-sized enterprises (SMEs) in five Asian countries, cutting around 100 jobs, in a sign its new...

Tourism Malaysia inks deal with Singapore Airlines to boost tourist arrivals

Tourism is the sixth largest contributor to Malaysia's economy, thus, strategic deal is vital to meet 30.5 million visitors target and US$24 billion (RM98.1 billion) in tourism receipts in...

KLCI higher on ECB easing hopes

The FBM KLCI climbed 4.56 points or 0.3% with Asian share markets, in anticipation that the European Central Bank (ECB) may announce more stimulus measures to support the region's economy. At...

China consumer inflation jumps in February

China's consumer inflation jumped to 2.3% in February, its highest in nearly two years, official data showed Thursday, in a positive sign for demand in the world's second-largest economy. Food...

Securities Commission expects capital mart to raise RM80 billion this year

The Securities Commission Malaysia (SC) expects the country's capital market to raise RM80 billion this year compared to RM90 billion in 2015. Chairman Datuk Seri Ranjit Ajit Singh said an...

Ringgit ends higher against greenback

The ringgit closed higher against the US dollar today in line with regional currencies, said a dealer. At 5pm, the local unit was traded at 4.0950/0030 against the US dollar from 4.1250/1349 on...

Kazakhstan balks at freezing oil output

Kazakhstan indicated on Thursday it had no plan to freeze oil output, as suggested by a group of major producers, and would instead ramp up production to its original target of 77 million tonnes...

Maybank sees 40% growth in 2016 retail SME loans

Malayan Banking Berhad (Maybank) targets to grow its retail small and medium enterprise (RSME) loans by 40% to RM14 billion this year, from RM10 billion in 2015. Datuk Lim Hong Tat, the group’s...

Football, short funds offer Asian investors new volatility hedges

Increasing volatility in traditional asset classes has given rise to a new range of hedge fund-type products in Asia marketed at individual investors, from short-selling funds to football-backed...

World Bank, global environment facility launch green cities project

Sustainable cities project backed by India, China, and Brazil will develop new tools for greener planning in key urban centres. A new multi-million dollar project to promote sustainable...

UEM to go into affordable housing

UEM Group Bhd plans to establish a new entity that will venture into affordable housing developments by year-end. Group Managing Director/Chief Executive Officer Datuk Izzaddin Idris said the...

Oil prices dip as global oversupply outweighs strong demand

Oil prices dipped early today after US crude hit 2016 highs the day before and Brent shot back over US$40 per barrel, with analysts warning that larger gains would be unwarranted as a global glut...

Berjaya Food slips 1.96% on lower profit in Q3

Shares of Berjaya Food Bhd, operator of Kenny Rogers Roasters and Starbucks Coffee chains, slipped 1.96% this morning on lower profit in its third quarter ended January 31, 2016 (Q3FY16)...

New Zealand rates at record low in ‘shock and awe’ cut

New Zealand unexpectedly slashed interest rates to a record low today in a "shock and awe" tactic, stunning financial markets and sending the kiwi currency tumbling. The Reserve Bank of New...

Facebook snaps up face-swapping app creator Masquerade

Facebook Inc is acquiring Masquerade Technologies Inc, creator of the popular face-swapping app MSQRD, as part of efforts by the world's largest social network operator to build its video...

Ringgit opens higher against US dollar

The ringgit opened higher against the US dollar this morning on improved demand and in line with the recovery of oil prices. At 9.11am, the local unit was quoted at 4.1185/1245 to the US dollar...

KLCI starts lower, expected to advance in line with region

The FBM KLCI started trading lower this morning but is expected to claw back into positive territory later in the day in line with regional markets. At 9.02am, the FBM KLCI was down 1.81 points...

Tokyo shares open higher on Wall Street gains, oil rise

Tokyo shares opened higher today as modest gains on Wall Street and a big jump in oil prices boosted sentiment, despite lingering worries about global growth. The benchmark Nikkei 225 index at...