LONDON, Sept 7 —US oil prices slipped below US$74 (RM231) per barrel yesterday as the end of the US driving season and high levels of unemployment in the world’s biggest oil consumer raised concerns over the outlook for demand. The US Labor Day holiday, which marks the traditional end of American summer holidays when gasoline demand peaks, kept …
TheMalaysianInsider : Business
Is the property market bubbling over?
Sep 6th
KUALA LUMPUR, Sept 7 — Prices of residential property have surged by as much as 35 per cent in the past year despite a growing overhang in supply, far outpacing income growth and giving rise to concerns that the market is becoming unsustainable. Figures provided by the National Property Information Centre (Napic) show that average prices for homes …
Go here to see the original: Is the property market bubbling over?
TM agrees to dispose of stake in Measat for RM4.20 per share
Sep 6th
KUALA LUMPUR, Sept 6 — Telekom Malaysia (TM) has accepted the conditional take-over offer from Measat Global Network Systems Sdn Bhd to acquire TM’s entire 15.39 per cent stake in Measat Global Bhd (Measat) for RM4.20 per share.
Read more here: TM agrees to dispose of stake in Measat for RM4.20 per share
Transmile ex-directors fined RM1.88 million
Sep 6th
KUALA LUMPUR, Sept 6 — Bursa Malaysia Securities Bhd fined four former directors of Transmile Group Bhd a total of RM1.88 million today. In a statement, the Bursa Malaysia said the directors are former chief executive officer Gan Boon Aun (RM781,500), former executive director Khiudin Mohb (RM781,500), independent non-executive director Chin Keem …
Read more here: Transmile ex-directors fined RM1.88 million
Ringgit closes at 13-year high against US$
Sep 6th
KUALA LUMPUR, Sept 6 — The ringgit closed at a 13-year high against the US dollar today amid foreign funds returning to Malaysia, dealers said. At 5pm, the ringgit was quoted at 3.1150/1200 from 3.1200/1220 last Friday, the currency’s strongest level since October 15, 1997, when it was at 3.075. A dealer said the strengthening ringgit, robust …
Visit link: Ringgit closes at 13-year high against US$
SGX chairman Pillay to retire at end of 2010
Sep 6th
SINGAPORE, Sept 6 — The Singapore Exchange, Asia’s second-largest listed bourse operator, said today its chairman, J.Y. Pillay, will retire at the end of this year. Pillay, 76, was appointed SGX chairman in November 1999.
Read the original post: SGX chairman Pillay to retire at end of 2010
Court rules UEM need not buy out joint-venture company shares
Sep 6th
PUTRAJAYA, Sept 6 — UEM (Group) Bhd has won its appeal to set aside a court decision ordering the government-linked company to buy out all 49 per cent shares of its joint-venture company with its Singapore partner involving RM81 million. Justice Datuk Seri Md Raus Shariff, leading a three-man Federal Court panel, ruled that the Court of Appeal was …
The rest is here: Court rules UEM need not buy out joint-venture company shares
Malaysian exports seen sliding by analysts
Sep 6th
KUALA LUMPUR, Sept 6 — Despite Malaysia’s recovery in domestic consumer spending growth, the exports growth momentum has been slowing down recently, notably with the waning base effects starting to kick-in, says OSK-DMG Group Economics. “With the uncertainty in the pace of global economic recovery going forward, we think the exports growth …
Read more from the original source: Malaysian exports seen sliding by analysts
No bubble yet as Thai builders jump into housing boom
Sep 6th
BANGKOK, Sept 6 — From its business district to leafy suburbs, new condominiums are sprouting almost daily across Bangkok, but developers and investors alike seem little concerned about a property bubble developing. The country’s real-estate stocks have been on the boil with the index of property stocks up 28 per cent in the last three months and …
Go here to read the rest: No bubble yet as Thai builders jump into housing boom
Asia stocks hit 1 month high on US jobs relief
Sep 6th
SYDNEY, Sept 6 — Asian stocks touched one-month highs on Monday after the latest US jobs data pacified for now investors who worried a second recession in the world’s biggest economy was nigh. Investor relief that the US employment report was not as bad as some had thought tempered demand for traditional safe-havens such as gold and government …
Here is the original post: Asia stocks hit 1 month high on US jobs relief