My Sinchew/ Business

No merger with RHB, MBSB if there are unfavorable risks: Nazir

CIMB Group Chief Executive Datuk Seri Nazir Razak said that there will be no merger between the bank, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) if there are any possible unfavourable risks.

AEC to boost Asean bargaining power: economist

A world-class economist, Richard Duncan, who formerly worked for the US-based World Bank and chief economist at Singapore's Blackhorse Asset Management, foresees that the formation of the Asean Economic Community (AEC) by the end of 2015 should boost the bargaining power of Asean member countries, including Thailand, Thai News Agency (TNA) reported.

KLCI to stage short-term correction next week

The FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to stage a short term correction next week, weighed down by global equities and commodities dip as well as a risk-off vibe across most safe haven assets.

MIDA eyes RM55bn investment in manufacturing and related service sectors

The Malaysian Investment Development Authority (MIDA) is confident of attracting at least RM55 billion worth of investments in the manufacturing and related service sectors this year compared with RM52 billion last year.

Plane crash over Ukraine hits European, Russian shares

Europe's main stock markets fell at the start of trading on Friday, as the crash of a Malaysia Airlines plane in rebel-held eastern Ukraine continued to weigh on investor sentiment.

Asian shares hit by news of Ukraine air tragedy

Asian markets were mostly lower on Friday after a Malaysia Airlines jet came down in battle-wracked Ukraine, sparking geopolitical tensions and sending Wall Street tumbling as the US claimed the aircraft had been shot down.

Malaysia Airline shares fall 13.33 pct in early trade

Malaysia Airlines (MAS) shares were the most active on Bursa Malaysia today, sliding as much as 13.33 per cent in early trade after its plane crashed at the Ukraine-Russia border.

Iskandar Malaysia secures RM9.72bn in new investments in Q2

Iskandar Malaysia has secured RM9.72 billion in new investments from April to June this year, bringing a total new investments for this year at RM14.56 billion.

Faster CPI growth due to expansion in food sector

The marginally faster growth of the Consumer Price Index (CPI) at 3.3 per cent in June 2014 was due to the expansion in food and non-alcoholic beverages sector, said Alliance Research.

Get prepared for the impact of interest rate hike

The interest rate hike helps in curbing excessive borrowing and speculative activities, but it would at the same time affect domestic demand.