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KLK achieves 100% MSPO certifications for its operations

KUALA LUMPUR (Jan 19): Kuala Lumpur Kepong Bhd (KLK) today said all of its upstream operations in Malaysia ie. supplying estates and palm oil mills have been certified under the Malaysian Sustainable Palm Oil (MSPO) standards as at end of December 2017…

KLCI pares gains, up 0.19% in line with region

KUALA LUMPUR (Jan 19): The FBM KLCI pared some of its gains at midday break today but was up 0.19% in line with regional markets, lifted by index-linked key blue chips.
At 12.30pm, the FBM KLCI was up 3.58 points to 1,825.18. The index had earlier rise…

CIMB 2018 outlook positive — analysts

KUALA LUMPUR (Jan 19): Public Investment Bank Bhd and RHB Research Institute Sdn Bhd maintained their Buy calls on CIMB Group Holdings Bhd shares due to CIMB’s positive outlook in 2018. 
Public Investment Bank analyst Ching Weng Jin wrote in a note tod…

O&G counters active on healthier full-year outlook

KUALA LUMPUR (Jan 19): Oil and gas (O&G) counters dominated Bursa Malaysia’s top active list this morning, as analysts are optimistic Brent crude oil could average at US$60-US$65 per barrel (bbl) in 2018.
At 11.30am, UMW Oil & Gas Corp Bhd (UMW…

Astro trading volume surges

(Jan 19): Astro Malaysia Holdings Bhd fell 5%, while the country’s benchmark index was little changed.
The shares fell to MYR 2.47 from MYR 2.60. Trading volume was more than six times the 30-day average of 372,091 for this time of day.
Astro Malaysia’…

Ringgit may need more than oil or rates to rally on

KUALA LUMPUR (Jan 19): It may be time to cash in on the ringgit after its best start to a year since 2010.
There’s been no shortage of reasons to buy Asia’s best-performing currency. In addition to rate-hike expectations, an improving economic outlook …

Star Lawyer David Boies and Chinese Tycoon Guo Wengui Split

(Jan 19): Guo Wengui, the controversial businessman sought by China for making various allegations of corruption against the country’s rich and powerful, will no longer be represented by famed lawyer David Boies as part of a shakeup of his legal team i…

TNB shares recover on clarity of ICPT cost

KUALA LUMPUR (Jan 19): Shares in Tenaga Nasional Bhd advanced in morning trade today, after the nation’s largest electricity utility updated the imbalance cost pass-through (ICPT) rebate should not eat into its earnings.
At 10.40am, the counter was up …

PM Najib : ‘I am committed in developing Sabah’

KOTA KINABALU (Jan 19): “I have approved many allocations in Sabah as I am very committed in developing this state,”said Prime Minister Datuk Seri Najib Tun Razak.
Najib, who is also the Barisan Nasional (BN) chairman, said the move to approve numerous…

KLCI up 0.16% in line with regional gains

KUALA LUMPUR (Jan 19): The FBM KLCI was up 0.16% at mid-morning today, in line with the gains at most regional markets.
At 10.10am, the FBM KLCI was up 2.90 points to 1,824.50.
Gainers led losers by 357 to 247, while 326 counters traded unchanged. Volu…