Author: Bernama

Rubber likely to track regional market

KUALA LUMPUR: The Kuala Lumpur rubber market is expected to track the regional rubber futures market this week as worries over economic weakness lingered, a dealer said. He told Bernama that market players are expected to closely monitor the outcome of the upcoming major central bank meetings especially the US

FBM KLCI seen having upside bias this week

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is anticipated to trend higher this week within the range of 1,415-1,430 points in a holiday-shortened trading period, a dealer said. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the outlook of the local equity market is expected

CPO futures expected to trend higher

KUALA LUMPUR: The local crude palm oil (CPO) futures market is expected to trend higher this week driven by low production concerns. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani told Bernama that the market is concerned about whether palm oil production in both Malaysia and Indonesia could be negative on

Gold futures to trade on downside bias this week

KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives is expected to trade on a downside bias this week, between US$1,970 and US$2,000 (US$1=RM4.46), tracking the performance of gold futures on the Comex division of the New York Mercantile Exchange, an analyst said. He said the Comex gold slipped on

Malaysia sets 40-gold target

KUALA LUMPUR: The national contingent are targeting 40 gold, 37 silver and 64 bronze medals at the 32nd SEA Games in Phnom Penh, Cambodia, from May 5 to 17, said Youth and Sports Minister Hannah Yeoh. Hannah, who announced this during the ceremony to hand over the Jalur Gemilang to

Wai Ching wins competition in UK

KUALA LUMPUR: The country’s number one tower runner, Soh Wai Ching continued his incredible achievements when he topped the race up the stairs of Spinnaker Tower in Portsmouth, United Kingdom on Friday. What was even sweeter was that, Wai Ching ran 560 steps to the top in two minutes 18

PM wants zero hardcore poor nationwide

ALOR SETAR: Datuk Seri Anwar Ibrahim said the Unity Government wants to completely eradicate hardcore poor in the country which he described as disgraceful for a country which is rich in resources such as oil and gas. The Prime Minister said among the states that still recorded high levels of

Agong grateful M’sians return safely from Sudan

KUALA LUMPUR: The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al Mustafa Billah Shah has expressed his happiness and gratefulness that 30 Malaysians safely returned on Friday from Khartoum, the capital of Sudan which is mired in armed conflict.  Al-Sultan Abdullah in an Istana Negara Facebook post also expressed his appreciation

Bilateral trade the best starting point to dedollarise

KUALA LUMPUR: Bilateral and regional agreements are the best starting points for Malaysia and other developing countries to pursue dedollarisation by undertaking non-dollar denominated transactions, economists say. They said that by doing so, developing economies could move away from risks arising from over-dependence on the greenback. The economists also noted

Hannah to meet Shereen on her financial needs 

KUALA LUMPUR: Youth and Sports Minister Hannah Yeoh will hold a meeting with Shereen Samson Vallabouy next Tuesday to discuss the needs and welfare of the national athlete. Hannah said Shereen, 25, who was born in Ipoh, Perak and is currently a student-athlete at Winona State University in Minnesota, United