Money

  • MPB opens planting schemes to pepper smallholders nationwide

    20 hours ago

    MPB opens planting schemes to pepper smallholders nationwide

    KUCHING, March 2 — The Malaysian Pepper Board (MPB) is giving pepper smallholders throughout the country an opportunity to join the New Pepper Planting Scheme and Mature Pepper...

  • RHB Islamic launches Malaysia’s first Islamic trade financing solution

    21 hours ago

    RHB Islamic launches Malaysia’s first Islamic trade financing solution

    KUALA LUMPUR, March 2 — RHB Islamic Bank has launched RHB Trade Solution-i — a new Islamic trade financing solution for purchases and sales based on a new product structure...

  • European equities slip at open

    21 hours ago

    European equities slip at open

    LONDON, March 2 — European stock markets slid in opening deals today, as investors paused for breath after surging higher the previous day. London’s benchmark FTSE 100 index...

  • Hong Kong shares finish lower

    21 hours ago

    Hong Kong shares finish lower

    HONG KONG, March 1 — Hong Kong stocks sank more than one per cent today after a top Chinese central bank official warned bubbles were forming in global financial markets and a...

  • Malaysia’s Prihatin Sukuk wins IFN’s global Deal Of The Year award

    22 hours ago

    Malaysia’s Prihatin Sukuk wins IFN’s global Deal Of The Year award

    KUALA LUMPUR, March 2 — Malaysia’s RM666-million fully digital Sukuk Prihatin launched last year has won the prestigious 2020 IFN Overall Deal of the Year award, edging out...

  • German exports to Britain slump 30pc on Brexit, pandemic

    22 hours ago

    German exports to Britain slump 30pc on Brexit, pandemic

    BERLIN, March 2 — Germany exported 30 per cent less goods to Britain in January compared to a year ago, official estimates showed today, with demand hurt both by Brexit and the...

  • China’s billionaires club swells as market rally offsets virus pain

    22 hours ago

    China’s billionaires club swells as market rally offsets virus pain

    BEIJING, March 2 — More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic,...

  • Bursa Malaysia in positive territory at mid-afternoon

    22 hours ago

    Bursa Malaysia in positive territory at mid-afternoon

    KUALA LUMPUR, March 2 — The FTSE Bursa Malaysia KLCI (FBM KLCI) continued to be in positive territory at mid-afternoon amid buying momentum in heavyweights led by IHH Healthcare...

  • Asian shares fall amid China’s asset-bubble warning

    23 hours ago

    Asian shares fall amid China’s asset-bubble warning

    HONG KONG, March 2 — Asia stocks dropped today and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign...

  • Azmin: Malaysia still a competitive investment destination despite uncertainties

    23 hours ago

    Azmin: Malaysia still a competitive investment destination despite uncertainties

    KUALA LUMPUR, March 2 — Malaysia continues to be a competitive investment destination despite the current uncertainties, proven by its rankings in the global economic scene,...

  • Proton market share hits seven-year high at 27.1pc with 11,873 units delivered in Feb

    1 day ago

    Proton market share hits seven-year high at 27.1pc with 11,873 units delivered in Feb

    KUALA LUMPUR, March 2 — Proton Holdings Bhd has delivered 11,873 cars in February (domestic and export) to reach a seven-year market high, equivalent to 27.1 per cent automotive...

  • FBM KCLI ends morning session 0.40pc points lower

    1 day ago

    FBM KCLI ends morning session 0.40pc points lower

    KUALA LUMPUR, March 2 — Bursa Malaysia ended the morning session lower as its key index had slightly pared down its gains earlier. At 12.30pm, the benchmark FTSE Bursa Malaysia...

  • Bursa Malaysia turns mixed at mid-morning, CI up 0.73pc

    1 day ago

    Bursa Malaysia turns mixed at mid-morning, CI up 0.73pc

    KUALA LUMPUR, March 2 — Bursa Malaysia turned mixed at mid-morning, with the key index rising 0.73 per cent, lifted by advances in heavyweights. At 11.05am, the benchmark FTSE...

  • As oil prices rally, old Opec tensions set to rise

    1 day ago

    As oil prices rally, old Opec tensions set to rise

    LONDON, March 2 — As members of the oil cartel Opec and its allies meet this week to discuss adjusting output, analysts expect old tensions between oil producer giants to flare...

  • S.Korea unveils 15t won extra budget to aid small businesses, protect jobs

    1 day ago

    S.Korea unveils 15t won extra budget to aid small businesses, protect jobs

    SEOUL, March 2 — South Korea is drafting an extra budget of 15 trillion won (RM54.2 billion), it said today, to boost support for small businesses and safeguard jobs as the...

  • Brazil to suspend diesel tax; sources say bank tax to be hiked

    1 day ago

    Brazil to suspend diesel tax; sources say bank tax to be hiked

    BRASILIA, March 2 — Brazilian President Jair Bolsonaro said he would issue a decree today suspending a tax on diesel fuel, a move aimed at placating truckers who threatened to...

  • Ringgit slighlty higher against US dollar on mild buying interest

    1 day ago

    Ringgit slighlty higher against US dollar on mild buying interest

    KUALA LUMPUR, March 2 — The ringgit was slightly higher at opening today, buoyed by mild interest despite the stable US dollar and lower crude oil price which is trading at...

  • Bursa Malaysia opens higher

    1 day ago

    Bursa Malaysia opens higher

    KUALA LUMPUR, March 2 — Bursa Malaysia rebounded to open higher today on the back of brisk buying momentum on the broader market and stronger Wall Street performance overnight....

  • Dollar holds advantage over low-yielders, Australian dollar looks to RBA

    1 day ago

    Dollar holds advantage over low-yielders, Australian dollar looks to RBA

    TOKYO, March 2 — The dollar stood firm against its low-yielding peers today on bets of a faster economic recovery and greater tolerance of higher US bond yields, while the...

  • Analysts say global settlement will impact AMMB Holdings’ earnings in FY21

    1 day ago

    Analysts say global settlement will impact AMMB Holdings’ earnings in FY21

    KUALA LUMPUR, March 2 — Maybank Investment Bank Bhd (Maybank IB) has retained a “hold” call on AMMB Holdings Bhd on the back of RM2.83 billion Global Settlement with the...

  • Asian shares rise as risk assets shine, Australian central bank eyed

    1 day ago

    Asian shares rise as risk assets shine, Australian central bank eyed

    NEW YORK, March 2 — Asian shares are poised to rally today as a halt in a recent bond markets sell-off calmed investor nerves and lifted riskier assets, although oil prices were...

  • Biden administration pledges to stand firm against China trade abuses

    1 day ago

    Biden administration pledges to stand firm against China trade abuses

    WASHINGTON, March 2 — President Joe Biden will use “all available tools” to take on abusive trade practices by China, the US Trade Representative’s office pledged...

  • IMF approves US$1.8b loan for Costa Rica

    1 day ago

    IMF approves US$1.8b loan for Costa Rica

    WASHINGTON, March 2 — The IMF board yesterday approved a US$1.8 billion (RM7.2 billion), three-year loan for Costa Rica to help the government shore up the economy battered like...

  • How to buy Bitcoin when you are a total novice

    1 day ago

    How to buy Bitcoin when you are a total novice

    NEW YORK, March 2 — Bitcoin has been breaking all kinds of records in 2021, so it’s no surprise that more and more people are taking interest in the cryptocurrency. Today,...

  • Argentina to IMF: No rush to strike new deal

    1 day ago

    Argentina to IMF: No rush to strike new deal

    BUENOS AIRES, March 2 — Argentina’s President Alberto Fernandez said yesterday that he did not want to rush into a new deal with the International Monetary Fund (IMF), amid...

  • S&P 500 surges in strongest one-day rise since June

    1 day ago

    S&P 500 surges in strongest one-day rise since June

    NEW YORK, March 2 — The S&P 500 surged yesterday in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another Covid-19 vaccine...

  • Wall Street rallies on US stimulus and vaccine hopes as bond markets calm

    1 day ago

    Wall Street rallies on US stimulus and vaccine hopes as bond markets calm

    NEW YORK, March 2 — Global equities markets rose and the S&P 500 yesterday had its best day since June 5, with investors taking lower US bond yields in stride on optimism...

  • Zoom shares rise on strong current-quarter forecast, upbeat results

    1 day ago

    Zoom shares rise on strong current-quarter forecast, upbeat results

    NEW YORK, March 2 — Zoom Video Communications Inc forecast current-quarter revenue above expectations, as the company expects millions of people to continue using its...

  • Wall Street opens in celebratory mode on vaccine news

    1 day ago

    Wall Street opens in celebratory mode on vaccine news

    NEW YORK, March 1 — US stocks leapt higher in early trading today, starting the week on a celebratory note following news a third Covid-19 vaccine will be in American arms soon....

  • United orders 25 more Boeing 737 MAX planes in sign of confidence

    1 day ago

    United orders 25 more Boeing 737 MAX planes in sign of confidence

    NEW YORK, March 1 — United Airlines reached an agreement to purchase 25 more Boeing 737 MAX aircraft for delivery in 2023, the carrier said today, in a sign of an expected...

  • Hope for new momentum as Ngozi takes WTO reins

    1 day ago

    Hope for new momentum as Ngozi takes WTO reins

    GENEVA, March 1 — Ngozi Okonjo-Iweala took the reins of the World Trade Organisation today with a daunting to-do list, not least tackling the global economic crisis sparked by...

  • eFAMAplace 3.3 sales campaign offers discounts up to 50pc

    1 day ago

    eFAMAplace 3.3 sales campaign offers discounts up to 50pc

    KUALA LUMPUR, March 1 — eFAMAplace, an online marketplace is currently offering discounts up to 50 per cent in conjunction with the Supermarket Sales Campaign 3.3 from today...

  • After Australia row, Facebook signs up partners for German news product

    1 day ago

    After Australia row, Facebook signs up partners for German news product

    LONDON, March 1 — Facebook said today it had signed up a string of German media partners to provide content for a local news product, in a success for the US social network...