Posts Tagged ‘forex’

Time to turn to gold amid US dollar dominance?

A gold-backed currency would control inflation by curbing note and money supply due to the limited supply of gold, says analyst
By MARK RAO / Pic By ...

Traders may beat central bank to rescue beleaguered won

SINGAPORE • While the Bank of Korea (BoK) has little scope to hike interest rates to defend the won at its meeting this week, investors trading on ...

MPI’s profit sinks on forex losses, lower revenue

By TMR
Malaysian Pacific Industries Bhd’s (MPI) earnings sunk 35.4% year-on-year (YoY) as a result of foreign-exchange (forex) losses and lower ...

Citigroup hit hardest as EU fines banks RM5b over collusion on forex

By BLOOMBERG
BRUSSELS • Citigroup Inc, Royal Bank of Scotland Group plc (RBS) and JPMorgan Chase & Co are among five banks that agreed to pay ...

BNM to boost market accessibility, liquidity

By NG MIN SHEN / Pic By TMR File
Bank Negara Malaysia (BNM) has announced several initiatives for the foreign-exchange (forex), derivative and ...

SP Setia 1Q19 profit dips 14%, 
but its revenue up by 32%

Revenue for 1Q19 is mainly derived from the supply of ready-mix concrete, and the construction of apartments in Bangsar
By SHAHEERA AZNAM SHAH / Pic By ...

Frontken 1Q profit rises to RM15m

By FARAH AISYAH
Frontken Corp Bhd’s net profit for the first quarter ended Mar 31, 2019 (1Q19), has increased to RM15.4 million, from RM6.3 million a ...

Malaysian financial markets still strong

By NUR HAZIQAH A MALEK / Pic TMR
The financial markets in the country have remained resilient with support from ample domestic liquidity, robust market ...

Bearish warning sign on dollar is flashing in options market

By BLOOMBERG
WASHINGTON • Hedge funds and money managers have become the most bearish in a year on the dollar’s near-term outlook, according to one of ...

BNM liberalises forex rules

By SHAHEERA AZNAM SHAH / Pic By MUHD AMIN NAHARUL
Bank Negara Malaysia (BNM) has liberalised the foreign-exchange (forex) administration framework to ...

TNB records net profit of RM3.7b for FY18

For FY18, revenue reached RM50b, allowing it to deliver a net profit of RM3.7b, or 65.6 sen EPS
By NUR HAZIQAH A MALEK / Pic By TMR ...

Financial, forex trading to be muted on looming US-China trade deadline

The March 1 deadline is less than 3 weeks away with no resolution reached, renewing fears on global economic growth
By MARK RAO Weakening risk appetite ...