Business Times : latesthttp://www.btimes.com.my enTuesday, March 26, 2013, 11.40 AMD&B launches CCM coursehttp://www.btimes.com.my/articles/20130326101001/Article/ http://www.btimes.com.my/articles/20130326101001/Article/Tue, 26 Mar 2013 10:10:01 +0800Dun and Bradstreet Malaysia Sdn Bhd (DandB), has launched its first-ever professional Competency Certificate in Credit
Management (CCCM) course in Malaysia, to enhance credit management knowledge and functions of small and medium enterprises (SMEs).
In a statement today, DandB said the course is aimed at producing highly competent and efficient credit professionals.
The two-stage course will be conducted by a group of experienced credit practitioners who have trained many SMEs, financial institutions and professional bodies in Malaysia.
Taught over a period of six months, it covers an entire spectrum of important topics in credit management, including business economics, legal aspects of credit management and key tools used in evaluating the financials and non-financials of firms.
DandB Malaysia Regional Director Edwin Wong, said the CCCM programme was a resounding success in other Asian countries such as Hong Kong.
"We believe the launch of the CCCM in Malaysia is timely and meets the capability development needs of local firms, specifically in the area of credit management," he added.
DandB is the world's leading provider of business-to-business credit, marketing and purchasing information and receivables management services.-- Bernama Short-term rates to remain stable Tuesdayhttp://www.btimes.com.my/articles/20130326101330/Article/ http://www.btimes.com.my/articles/20130326101330/Article/Tue, 26 Mar 2013 10:13:30 +0800Short-term interbank rates are expected to remain stable on Tuesday as Bank Negara Malaysia intervenes to absorb excess
liquidity from the financial system.
The central bank estimated today's surplus at RM24.499 billion in the conventional system and RM6.650 billion in Islamic funds.
Bank Negara will call for four conventional tenders comprising RM1.5 billion for seven days, RM1 billion each for 14 and 28 days, and RM500 million for 21 days.
It will conduct two Al-Wadiah tenders comprising RM1.5 billion for seven days and RM400 million for 14 days.
The central bank will also conduct a RM100 million Commodity Murabahah Programme for 21 days.
At 4pm, Bank Negara will conduct a conventional overnight tender for up to RM20.7 billion and a RM5 billion Al-Wadiah overnight tender.-- Bernama KL shares higher in early tradehttp://www.btimes.com.my/articles/20130326100552/Article/ http://www.btimes.com.my/articles/20130326100552/Article/Tue, 26 Mar 2013 10:05:52 +0800Share prices on Bursa Malaysia were mostly higher in early trade in spite of declines in share prices in major regional markets due to ongoing concerns over risks in the Cyprus financial
bailout by the International Monetary Fund and European Union, dealers said.
At 9.17am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.14 points higher at 1,649.03 after opening 7.95 points higher at 1,651.84, driven by gains in selected heavyweights.
The Finance Index increased 58.38 points to 15,504.66, the Industrial Index added 6.57 points to 2,852.69 and the Plantation Index rose 16.10 points to 7,849.77.
The FBM Emas Index advanced 31.04 points to 11,280.67, the FBMT100 added 30 points to 11,117.86, the FBM Mid 70 Index gained 14.45 points to 12,522.49 but the FBM Ace Index was 2.14 points lower at 3,964.92.
Advancers led decliners by 102 to 51 with 127 counters unchanged, 1,363 untraded and 15 others suspended.
Total volume stood at 58.8 million shares worth RM56.8 million.
Among actives, Krisassets Holdings gained one sen to 6.5 sen, ETI Tech Corporation declined half a sen to 5.5 sen, Alam Maritim Resources increased two sen to 94 sen and GPRO Technologies rose half a sen to 10.5 sen.
Of the heavyweights, Maybank increased 11 sen to RM9.34, Sime Darby was unchanged at RM9.20, Axiata declined one sen to RM6.44 and Petronas Dagangan increased 16 sen to RM23.34.-- Bernama Ringgit opens slightly lower in early tradehttp://www.btimes.com.my/articles/20130326100146/Article/ http://www.btimes.com.my/articles/20130326100146/Article/Tue, 26 Mar 2013 10:01:47 +0800The ringgit was traded slightly higher against the US dollar in early trading on Tuesday on mild buying interest for the local currency, dealers said. At 9am, the local currency was quoted at 3.0950/0980 from yesterday's close of 3.0970/1000. The dealers said the risk appetite had risen after a bailout deal was reached for Cyprus. Meanwhile, the ringgit was traded mostly lower against other major currencies. The local currency weakened against the Singapore dollar to 2.4907/4948 from Monday's close of 2.4887/4928 and declined against the Japanese yen to 3.2859/2898 from 3.2696/2745 previously. The ringgit appreciated against the British pound to 4.6967/7028 from 4.7152/7207 yesterday but appreciated against the euro to 3.9811/9859 from 4.0249/0291.-- Bernama Dow ends lower on renewed Cyprus worrieshttp://www.btimes.com.my/articles/20130326095544/Article/ http://www.btimes.com.my/articles/20130326095544/Article/Tue, 26 Mar 2013 09:55:44 +0800NEW YORK: US stocks fell on Monday on renewed concerns about the developments in Cyprus and the euro zone, which wiped away earlier gains that drove the SandP 500 index to less than a point away from its record close.
Stocks fell after Jeroen Dijsselbloem, who heads the Eurogroup of euro-zone finance ministers, told Reuters and the Financial Times that when failing banks need rescuing, euro-zone officials would turn to the bank's shareholders, bondholders and uninsured depositors to contribute to their recapitalization.
He also said that Cyprus was a template for handling the region's other debt-strapped countries.
But stocks came off their lows after Dijsselbloem clarified his previous comments and said, "Cyprus is a specific case with exceptional challenges, which required the bail-in measures we have agreed upon yesterday. Macro-economic adjustment programmes are tailor-made to the situation of the country concerned and no models or templates are used."
Before his remarks, the Dow industrials hit yet another record intraday high and the SandP 500 edged closer to its highest closing level ever on Monday after negotiators reached a deal to keep Cyprus afloat with a financial bailout and avert the country's possible exit from the euro zone.
"There was certainly a sigh of relief that a deal was reached, but there are still growing concerns that more work needs to be done," said Jack Ablin, the chief investment officer of BMO Private Bank in Chicago.
Banking shares were among the day's top decliners. Shares of Morgan Stanley fell 1 per cent to US$21.97 while Bank of America dropped 1.3 per cent to US$12.40.
The Dow Jones industrial average slipped 64.28 points, or 0.44 per cent, to end at 14,447.75. The Standard and Poor's 500 Index dipped 5.20 points, or 0.33 per cent, to 1,551.69. The Nasdaq Composite Index declined 9.70 points, or 0.30 per cent, to close at 3,235.30.
Earlier, the Dow climbed to an intraday record high of 14,563.75. The SandP 500 rose to a session high of 1,564.91 - just a fraction of a point below its record closing high of 1,565.15 set on October 9, 2007.
The CBOE Volatility Index, known as the VIX, Wall Street's favorite barometer of investor anxiety, ended up 1.3 per cent at 13.74, off its intraday high of 14.61.
In company news, Dell Inc said it received alternative proposals from Blackstone and billionaire investor Carl Icahn that could be superior to the US$24.4 billion offer from founder Michael Dell and private equity fund Silver Lake Partners last month.
Dell shares rose 2.6 per cent to US$14.51.
Merger and acquisition activity has been among the reasons for stocks' stellar performance so far this year.
Shares of University of Phoenix owner Apollo Group rose 7.1 per cent to US$18.25 after the company reported a better-than-expected profit even as student sign-ups fell for the fourth straight quarter.
The stock was the SandP 500's biggest percentage gainer.
Best Buy Co Inc shares rose 1.8 per cent to US$23.20 after the company said that founder Richard Schulze would rejoin the consumer electronics retailer as chairman emeritus and add two of his former colleagues to the board. The news helped dispel rumors that the largest investor in the world's largest consumer electronics chain was contemplating selling his stake in the company.
Volume was roughly 5.8 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.
Decliners outnumbered advancers on the NYSE by a ratio of about 3 to 2, while on the Nasdaq, about 13 stocks fell for every 12 that rose.-- Reuters
NST Online Business Times : latest
0 ulasan:
Catat Ulasan