Seven Starters for Shane Edwards Sunday at Selengor Turf Club The Shane Edwards Stable will field 7 runners Sunday at the Selangor Turf Club at the Malaysia Three-Year-Old Championship day. SINGSURAT starts the day for the Shane Edwards Stable in race 1, the Aussie born 6yo Gelding owned by successful regional syndicator AREXEVAN from a […]
Malaysian Racing News: Selangor Turf Club Adds Incentives This is the perfect opportunity to come Racing in Malaysia with Knightsbridge. Racing in Malaysia is growing year after year and the prize money is now very worthwhile and the new races and incentives have added to the appeal. Knightsbridge will be sending several horse to Malaysia […]
AirAsia May Not Survive Tony Fernandes Politics AirAsia Group Bhd looks set to sink well below the RM3 mark and may well trade in the RM1 to RM2 range long term, it is widely expected that links between the Company and ousted Malaysian Prime Minister will be investigated vigorously. Najib has faced not only a […]
Come Racing in Malaysia with Knightsbridge Racing in Malaysia is growing year after year and the prize money is now very worthwhile. Knightsbridge will be sending several horse to Malaysia to race locally, in Singapore and if they qualify over to Dubai for the racing season. Knightsbridge will be basing horses with one of the […]
F1: Malaysian Grand Prix Hamilton on the Pole, Vettel at the Back $RACE Saturday, MercedesAMG’s Lewis Hamilton clinched Pole position at Sepang, while, Ferrari’s Sebastian Vettel suffered engine issues, putting him at the back of the grid for Sunday’s race. There a bit of drama at the start of Q1 as Mr. Vettel was unable to set […]
F1: Ferrari (NYSE:RACE) Preview Malaysian Grand Prix 2017 $RACE Expect Ferrari (NYSE:RACE) to preform, as Sebastian Vettel shrugs off Lewis Hamilton remarks Ferrari has played down the crash out at Sing. 2 weeks ago, and has Mr. Vettel shrugging off Mr. Hamilton’s criticism of his driving. Mr. Vettel crashed out at the 1st lap at […]
Bank Negara Malaysia (BNM) has clarified that Malaysian market participants are not allowed to engage in any offshore trading of the ringgit outside Malaysia. Governor Datuk Muhammad Ibrahim said the statement issued by the central bank objecting the introduction of the ringgit futures on the Singapore Stock Exchange was meant for Malaysians. “We want to […]
Hong Kong’s NewOcean Energy Holdings Limited said on Monday it planned to build a 5.1 billion ringgit (S$1.624 billion) petroleum refinery complex on Malaysia’s east coast along with two partners. NewOcean will partner Malaysia’s Kuantan Port Consortium Sdn Bhd and Malaysian east coast development body. This (refinery) will further strengthen the throughput’s that will go […]
On a Friday-to-Friday basis, the ringgit traded lower at 4.2970/3000 against the greenback from last 4.2920/2950 previously. However, the local note traded higher against other major currencies, except the euro. It appreciated versus the Singapore dollar to 3.1088/1123 from 3.1181/1220 last week, rose against the Japanese yen to 3.7799/7829 from 3.8328/8365 and advanced against the […]
Malaysia’s bonds are coming back in favour but the respite may be brief. The level of the nation’s foreign reserves is coming under scrutiny as investors brace for outflows from emerging markets. “There has been a rebound of flows into Malaysia bonds after huge redemptions late last year,” said Desmond Soon, head of investment management […]
Raising funds through Sukuk in Malaysia has been gaining traction among Chinese corporations. Over the last two weeks, Chinese corporations are seen raising funds through the Islamic bonds in Malaysia, which has positioned itself as Islamic funds hub. Last week, China-owned Edra Power Holdings’ solar energy unit Tadau Energy announced it had issued up to […]
The Malaysian ringgit rebounded against the US dollar on Thursday (Jul 27), benefitting from the Federal Reserve’s decision to keep its interest rates low longer, a dealer said. At 6pm local time, the local unit stood at 4.2760/2790 against the greenback compared with Wednesday’s close of 4.2825/2865. The dollar fell to a 2-1/2 year low against the euro and a 13-month trough against […]
A senior citizen and a government retiree both pleaded not guilty at the Sessions Court here today to a charge of possession of 1,679 pieces of counterfeit RM100 notes amounting to RM167,900. Chan Hui Boo, 70, and Mohd Nasir Aman, 59, allegedly committed the offence behind a hotel in Jalan Sheikh Ahmad in Seremban around […]
Things are looking up for Malaysia, with more foreign investors cashing in on the country’s improving economy and strengthening currency, market participants told CNBC on Tuesday. Funds are flowing into Malaysia as the economy and local currency, the ringgit, strengthen, market participants said Upcoming elections present risks, but investors should see volatility as an opportunity to […]
Economy Malaysian authorities have arrested over 3,300 undocumented workers and 84 employers in the country’s latest crackdown Activists are concerned about possible abuses of workers’ rights, while labor shortages continue to plague business owners Malaysia had 5% growth for Q2 given the strong trade for May 2017 which has exceeded forecasts, growing by 31.5% to […]
Though proceeds raised from Malaysia’s equity capital markets are nearly seven times the level from a year earlier, recent fundraising exercises signal that the market has turned more cautious. Initial public offerings in Malaysia raised a combined $1.7 billion so far this year, based on data from bourse operator Bursa Malaysia. This was up sharply from […]
Malaysian ringgit rises gradually against U.S. dollar Pair is currently trading around 4.2835. It made intraday high at 4.2840 and low at 4.2780 levels. Intraday bias remains neutral till the time pair holds key resistance at 4.2900 marks. A sustained close above 4.2900 will drag the parity up towards key resistances around 4.3030 and 4.3259 […]
The recovery of the Malaysian ringgit removes the need for Bank Negara Malaysia (BNM) to raise its Overnight Policy Rates (OPR). The recovery of the MYR has removed the need for BNM to hike rates in a bid to stem capital outflows. The halt of the ringgit slide against the US dollar in June marks the […]
Expectations for the currency to gradually strengthen towards RM4 per US dollar over the next one to two years. Until then, the ringgit is expected to range bound between 4.20 and 4.30 against the greenback at least through 2017. What’s interesting about the ringgit is two parts: first, its sensitivity to the broad movements of the US […]
Malaysian May trade figures continued to indicate towards a solid rebound. Exports in MYR terms rose sharply by 32 percent year-on-year while imports remained firm by rising 30 percent. Malaysia’s trade surplus alleviated slightly but stayed in healthy surplus territory. Elsewhere, the latest FX reserves for June rose slightly to USD 98.9 billion, enough to […]
Technical Analysis Malaysian Ringgit (MYR) ⇨ US Dollar ($) (MYRUSD) Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 4.32. The projected lower bound is: 4.27. The projected closing price is: 4.30. Candlesticks A white body occurred (because prices closed higher […]
Technical Analysis Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 4.32. The projected lower bound is: 4.26. The projected closing price is: 4.29. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there […]
China Construction Bank Corporation (HKG:0939) Opens Banks In Malaysia China Construction Bank (Malaysia) Bhd (CCBM) is the first foreign commercial bank to be granted a banking licence in Malaysia in six years. CCBM is the third China-based bank in Malaysia after the Bank of China (Malaysia) Bhd and Industrial and Commercial Bank of China (Malaysia) […]
Malaysian Ringgit (MYR) ⇨ US Dollar ($)(MYRUSD) Latest Update Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 4.35. The projected upper bound is: 4.29. The projected lower bound is: 4.24. The projected closing price is: 4.26. […]
LONGi And Malaysian Prime Minister Meet in Beijing For Belt And Road Discussions The high-profile International Cooperation Summit Forum on the “The Belt and Road” Initiative has been widely recognized and highly praised by the international community. Taking this opportunity, Malaysian Prime Minister Najib Tun Razak attended the forum and met with senior executives from […]
CIMB Group Holdings Bhd (KLSE:CIMB) HEFFX Highlights Malaysia’s CIMB to aid Belt and Road financing CIMB Adds Seven Hires at Singapore Private Bank CIMB to get earnings boost from CIMB Niaga CIMB Niaga’s Q1 net profit up 138% CIMB sees better times ahead after clearing provision burden CIMB Group Holdings Berhad is a Malaysia-based provider […]
AirAsia Berhad (KLSE:AIRASIA) Malaysian Tourism on the Rise Tourism Malaysia and AirAsia to promote tourism AirAsia to launch China joint venture Air Asia signs deal to launch new low-cost carrier in China AirAsia X dedicates aircraft to remember late COO AirAsia links up Sihanoukville with Kuala Lumpur Intense turbulence injures five on AirAsia flight AirAsia […]
Malaysia Airports Holdings Berhad (KLSE:AIRPORT) HEFFX Highlights Turkey’s TAV mulls bid for stake in Malaysia Airports unit Malaysia Airports said to plan stake sale in Istanbul airport A Malaysian Airports Customs official shows seized endangered ploughshare and radiated tortoises Alibaba Is Betting Big On Malaysia Malaysia projected to receive three million China tourists in 2017 […]
Malaysian Ringgit (MYR) ⇨ US Dollar ($) (MYRUSD) Asian Stock Possibilities on Edge Highlights The ringgit rose 0.25% against the US dollar to 4.333 from the previous close of 4.344 Oil prices held steady on Monday, supported by expectations that Opec and Russia have agreed to extend a production cut beyond the first half of […]
Malaysian Ringgit (MYR) Oversold Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 4.42. The projected upper bound is: 4.37. The projected lower bound is: 4.32. The projected closing price is: 4.34. Candlesticks A big black candle […]
Malaysian Financial Scandal Surrounds Leo DiCaprio Leonardo DiCaprio says he’s awaiting direction from the US Justice Department (DOJ) regarding any ill-gotten funds that may have supported his environmental foundation or Y 2013 film “The Wolf of Wall Street.” The award winning actor released a statement through his representatives Tuesday saying he will return any gifts […]
F1 Malaysian GP: Raikkonen’s Ferrari Damaged after Rosberg Shunt $RACE Kimi Raikkonen confirms his Ferrari was damaged in his collision with Nico Rosberg, an incident the MercedesAMG driver was penalized for. Kimi Raikkonen says his race car suffered damage to its floor after he was struck by Nico Rosberg towards the end of the Malaysian […]