Maybank To Fully Own Maybank Ageas Holdings In RM4.83 Bln Deal

KUALA LUMPUR, Aug 3 (Bernama) -- Malayan Banking Bhd (Maybank) has entered into an Implementation Agreement (IA) with Ageas Insurance International NV (Ageas) to acquire the remaining 30.95 per cent stake in Maybank Ageas Holdings Bhd (MAHB) for RM4.83 billion, paving the way for full ownership of the insurance and takaful holding company.

Bursa Malaysia Lower At Midday Due To Profit-Taking

KUALA LUMPUR, Aug 3 (Bernama) -- Bursa Malaysia was lower at midday due to profit-taking in selected heavyweights led by Petronas Chemicals, CelcomDigi and Tenaga Nasional, which was in line with the weakness in most regional peers despite news of a resumption of West Asia peace talks.

Bursa Malaysia Eases Further At Mid-morning

KUALA LUMPUR, Aug 3 (Bernama) -- Bursa Malaysia eased further in line with regional markets at mid-morning amid the latest developments in the West Asia conflict.

At 11.01 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.94 point lower to 1,723.96 from last Friday’s close of 1,724.90.

The benchmark index opened 0.36 point higher at 1,725.26.

Ringgit Opens Higher Against US Dollar Ahead Of Key Us Economic Data

KUALA LUMPUR, Aug 3 (Bernama) -- The ringgit opened slightly higher against the US dollar on Monday ahead of the release of key United States (US) economic data today amid easing tensions in West Asia.

Malaysia's F1 Return To Boost Retail, F&B SMEs, Says Retailers Association

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Aug 2 (Bernama) -- Consumer spending across the retail and food and beverage (F&B) sectors, particularly among small and medium enterprises (SMEs), is expected to gain momentum from higher visitor arrivals and stronger demand generated by Malaysia's hosting of the Formula 1 Gulf Air Bahrain Grand Prix.

Ringgit Expected To Trade Between 4.07 And 4.09 Against US Dollar Next Week

KUALA LUMPUR, Aug 1 (Bernama) -- The ringgit is expected to trade between 4.07 and 4.09 against the US dollar next week, with market sentiment likely to be guided by a series of key United States (US) economic data releases and their implications for the Federal Reserve’s interest rate outlook.

Malaysia Calls For Stronger ASEAN Integration To Boost Manufacturing Competitiveness

By Anas Abu Hassan

SINGAPORE, July 31 (Bernama) -- Malaysia has called on ASEAN member states to strengthen regional integration and compete collectively with global manufacturing regions, instead of competing among themselves.

JS-SEZ Master Plan To Be Launched This December -- Akmal Nasrullah

BATU PAHAT, 31 July (Bernama) -- The Johor-Singapore Special Economic Zone (JS-SEZ) Master Plan is expected to be officially launched in conjunction with the Annual Leaders' Retreat this December, said Economy Minister Akmal Nasrullah Mohd Nasir. 

Ringgit Ends Week Marginally Higher Against US Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, July 31 (Bernama) -- The ringgit ended the week marginally higher against the US dollar following weaker-than-expected US economic data although sentiment towards the greenback remained firm, as expectations of a Federal Reserve (Fed) interest rate hike in September stayed intact.

Bursa Malaysia Ends Higher On Blue-Chip Buying, Tracks Most Regional Markets

By Zufazlin Baharuddin and Fatin Umairah Abdul Hamid

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia ended higher on Friday as investors continued to accumulate blue-chip stocks in line with stronger performances across most regional markets.

Bursa Malaysia Stays Positive At Midday, In Line With Most Regional Markets

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia stayed higher at midday, supported by buying activities, in tandem with the stronger performance across most regional markets.

Ringgit Opens Higher As Weaker US Data Weighs On Dollar

KUALA LUMPUR, July 31 (Bernama) -- The ringgit opened higher against the US dollar on Friday as the greenback weakened following softer United States (US) economic data, an analyst said.