The Finance Ministry has approved a commercial banking license to Industrial and Commercial Bank of China Ltd

20/11 The Finance Ministry has approved a commercial banking license to Industrial and Commercial Bank of China Ltd earlier in the year—BNM.

20/11 The Malaysian economy improved in Q3 with a reduced contraction of 1.2% on higher private consumption and increased public spending –BNM.


20/11 CPO for January delivery was up RM 9 to RM 2,380 per tonne at 11am. Nov 1 to Nov 20 palm oil exports rose 14.5% to 930,133 tonnes-Intertek.

20/11 US markets closed down in Thursday trade with S&P 500 plunging 1.34% to 1094.90. Nymex crude oil up 33 c to US$77.79 per barrel at 8:30am.

20/11 Telekom Malaysia reported a net profit of RM 179.1 mil, or 5.10 sen per share on revenue of RM 2.1 bil.

20/11 The FBM KLCI was down 2.29 points to 1274.36 at 5pm. Maxis – 5c to Rm 5.37, Tanjong +34 to Rm 16.56, KLK – 36c to RM 15.64 and Bat -32c to RM 44.76.

19/11 The FBM KLCI gained 1.55 points to 1,276.65 at 5pm. Maxis + 42c to RM 5.42, KLK + 40 c RM 16, Tanjong – 20c to Rm 16.22 and PPB – 20 c to RM 15.60.

19/11 Singapore’s trade ministry said the economy will rise 3% to 5 % in 2010 after 2.5% contraction in 2009.

18/11 FBM KLCI closed 4.8 points lower at 1,275.1; CIMB lost 12 c to RM 13.04, MMC shed 11 c to /rm 2.44 while Top Glove rose 27 c to Rm 8.72.

18/11 Plenitude plans to launch 6 projects worth a total of RM 280 mil during this current fiscal year ending June 30, 2010—exec chairman.

18/11 Malaysia is emerging from an economic recession and will return to “moderately high growth” next year –World Bank report.

18/11 DJIA closed slightly higher by 0.3 % in overnight trading to 10,437.4 points.

17/11 The UN’s national statistics office said consumer price rose 1.5% in Oct from a year earlier compared top 1.1% in Sept.

17/11 The FBM KLCI gained 1.64 pts to 1,279.95 at close. PPB + 26 c to RM 15.88, KLK +22 c to RM 15.60, BKawan +14 c to RM 10.24 and Affin – 22 c to Rm 2.42.

17/11 European markets followed Asia markets into the red after US Fed chairman Ben Bernanke said there were economic headwinds ahead.

17/11 Naza TTDI to develop biggest exhibition and convention centre in KL for Rm 628 mil, funded internally and borrowings—group managing director.

17/11 Ex PKR aide Anuar Shaari lodges police report about alleged ownership of shares by PKR leaders, hands over documents for cops to verify.

16/11 FBM KLCI closed up 7.35 pts at 1278.3; CIMB surged 36 c to RM 13.28, Affin jumped 30 c to RM 2.64 and Affin-wc leaped 29.5 c 44.5c.

16/11 CIMB Group to pursue dual listing on the Stock Exchange of Thailand and undertake an IPO of up to 35 million shares in Thailand.

16/11 Palm oil exports in the first 15 days of November rose 13 % to 674,148 tonnes from 596,515 tonnes in the same period in October—Intertek.

13/11 The FBM KLCI closed 0.79 points lower at 1270.96 at 5 pm. Losers include PetDag, Mudajaya, Tanjong while gainers were NSTP and BIMB.

13/11 Jetson believes unusual market activity could be due to public speculation over the privatization of a project by Matrade to the Naza group.

13/11 Securities Commission (SC) had obtained judgement against Swiss Cash defendents for Rm 31 mil, the largest of such settlement in SC’s history.

13/11 PM Najib tells Apec CEO Summit that new economic plan to help Malaysia become high-income and developed nation will be unveiled by year-end.

13/11 US prosecutors file complaint in court in move to seize four mosques and other assets of Iran-linked Alavi Foundation.

12/11 Green Packet posted net loss of Rm 32 mil in Q3 due to heavy promotional activities to expand broadband business. Revenue was Rm 63mil.

12/11 The FBM KLCI closed 1.6 points higher at 1271.75 at 5 pm; Gainers include F&N, Tanjong, Mudajaya, Supermax and Batu Kawan.


12/11 The New Strait Times Press (M) Bhd has declared a special dividend of 40 sen per share tax exempt.

11/11 PM Najib: Malaysia agrees to award the double tracking rail project in Johor, linking Gemas to Johor Baru, to a Chinese contractor.

Unisem will issue 10% new shares at RM 1.45

9/10 The FBM KLCI added 3.43 points to 1233.52 at noon. CIMB +22c to RM 12.34, Genting +12c to RM 7.32, TopGlove +12c to RM 8.27 and Wynn-C1 + 12c to 27 c

9/10 Tabung Haji has agreed to subscribe to the remaining RM 183.6 m in Bank Islam preference shares apportioned to Dubai Financial Group.

9/10 Unisem has announced that it will issue up to 10% of share capital at RM 1.45 per share for a private placement exercise.

9/10 The Dow advanced 61.29 points, or 0.63 % to 9786.87 in overnight trading ; Crude oil jumped USD 2.12 to USD 71.69 a barrel.

8/10 The statistics department said exports dropped 19.8% in Aug yr-on-yr, up from a 22.9% fall in July. By value, exports stood at RM 47.8bil.

8/10 The FBM KLCI closed up 0.94% to 1230.09.

8/10 Spot gold rose US$10.51 to US$1,054.71 per ounce at 4.30pm. Gold has risen 20.48% since the beginning of the year.

8/10 Top Glove declares final and special dividends totaling 15 sen net for FYE Aug 31. It posted RM 56.83m net profit on RM 427.34 revenue.

8/10 Crude palm oil for Dec delivery was down RM 9 to RM 2,068 per tonne at noon while spot crude hovered at US 70 per barrel.

7/10 Overnight Dow jumped another 131.50 points, or 1.37% to 9731.25; Crude oil futures advanced 47 cents to USD 70.88 a barrel.


6/10 JP Morgan economists said in a report that the US’ Sept jobless rate meant it cold take up to 2013 to recover jobs lost in the recession.