Govt Faced RM74.5 Bln Liability Risk If ‘Bank Run’ Occurred In 2018

KUALA LUMPUR, Aug 11 (Bernama) -- The government risked assuming liabilities of about RM74.5 billion if a massive panic withdrawal, or “bank run”, had occurred in 2018, said Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan.

Bursa Malaysia Opens Higher On Bargain Hunting

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 11 (Bernama) -- Bursa Malaysia opened higher on bargain hunting after a recent slip, despite the cue from negative Wall Street.

TH RCI: Debate Should Focus On Ending Political Interference, Says Academic

KUALA LUMPUR, Aug 10 (Bernama) -- Tomorrow's parliamentary debate on the Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH) should focus on ensuring there is no political involvement or interference in the institution's administration, a business academic said.

Quarterly Performance Disclosure Could Boost Confidence In Tabung Haji

KUALA LUMPUR, Aug 10 (Bernama) -- Tabung Haji (TH) should announce its financial and investment performance on a quarterly basis -- as practised by the Employees Provident Fund (EPF) -- as a measure to strengthen transparency and boost depositor confidence.

Bursa Malaysia Ends Marginally Lower as Investors Stay On Sidelines

By Engku Shariful Azni Engku Ab Latif & Abdul Hamid A Rahman

KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said.

Bursa Malaysia Stays Lower At Midday Amid Profit-Taking

KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia remained lower at midday, amid profit-taking in plantation, utilities and industrial product sectors.

Ringgit Expected To Stabilise By End-August – Kenanga IB

KUALA LUMPUR, Aug 10 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects the ringgit to stabilise by end-August as the US dollar gives back some of its earlier gains following the US Federal Reserve’s (Fed) decision to keep interest rates unchanged at its July meeting.

MRCB Shares Up 1.44 Pct On Cyberjaya Land Disposal Proposal

KUALA LUMPUR, Aug 10 (Bernama) -- Malaysian Resources Corporation Bhd’s share price rose 1.44 per cent in the early session today after it announced an agreement to dispose of its Cyberjaya land.

Local Institutions Extend Net Buying Streak To Two Consecutive Weeks – MBSB IB

KUALA LUMPUR, Aug 10 (Bernama) -- Local institutions extended their net buying streak on Bursa Malaysia to two consecutive weeks, recording net inflows of RM451.1 million last week, MBSB Investment Bank Bhd (MBSB IB) said.

Sia Expands Australia Presence With Seven Consulting Acquisition

KUALA LUMPUR, Aug 10 (Bernama) -- Sia, a global management consulting group, has expanded its international presence with the acquisition of Seven Consulting, an Australian management consulting firm.

Bursa Malaysia Opens Higher, Tracking Wall Street Gains

KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia opened higher on Monday, taking cues from gains on Wall Street on Friday.

Ringgit Opens Higher Against US Dollar

KUALA LUMPUR, Aug 10 (Bernama) -- The ringgit opened higher against the US dollar on Monday on weaker United States (US) non-farm payrolls (NFP) data.