Axiata to incur non-cash financial loss of up to RM3b from Idea-Vodafone India merger
KUALA LUMPUR (July 27): Axiata Group Bhd will record a non-cash financial loss of RM1.5 billion to RM3 billion following the approval by the Department…
KUALA LUMPUR (July 27): Axiata Group Bhd will record a non-cash financial loss of RM1.5 billion to RM3 billion following the approval by the Department…
KUALA LUMPUR (Jul 28): Prasarana Malaysia Bhd will give its full cooperation to the Malaysian Anti Corruption Commission (MACC) and other agencies investigating any element…
For many years, oil-producing states have been asking for a higher share of revenue from the production of petroleum in their states. However, it is…
The Dollar index rebounded from 94.21 lows to top at 94.72 in N.Y. trade on Tuesday. The index was supported by a weaker Euro, which came following ECB Draghi’s relatively dovish press conference. EUR-USD slipped to 1.1650 from opening highs of 1.1730. Incoming U.S. data was tepid, though had only a brief negative impact on […]
OVERVIEW ECB reaffirmed their stimulus program will end this year. Sterling struggles to gain ground with ongoing uncertainty over Brexit. Stronger US Dollar as data points to solid growth in business activity. HIGHLIGHT While off 10-month lows against the US Dollar, the Pound struggled to make headway amid Brexit concerns. The focus is on the […]
The Dollar has been trading with a firming bias as markets anticipate a strong advance U.S. GDP report for Q2, which will be released later today (and which President Trump and members of his administration have been flagging), though trading ranges have remained narrow thus far today. EUR-USD edged out a one-week low of 1.1637, […]
The USD index (DXY) has posted a fresh one-week high of 94.91 as market participants anticipate upside risk to today’s release of advance Q2 GDP out of the U.S. The latest price dynamic is part of an overall sideways chop that’s been persisting since mid June.
KUALA LUMPUR (July 27): RAM Rating Services Bhd has upgraded the outlook of the retail sector to stable from negative, ahead of the implementation of…
KUALA LUMPUR (July 27): The High Court today set Oct 11 to hear an application by Datin Seri Rosmah Mansor to strike out a suit…
KUALA LUMPUR (July 27): Sapura Energy Bhd’s president and group chief executive officer Tan Sri Shahril Shamsuddin is no longer part of the group’s board…
KUALA LUMPUR (July 27): AirAsia Group Bhd said today total passengers carried by its Malaysia, Indonesia and Philippines operations increased 13% in the second quarter…
KUALA LUMPUR (July 27): Prime Minister Tun Dr Mahathir Mohamad has “welcomed” the offers of resignation from the entire board of Khazanah Nasional Bhd. In a…