NST Online Business Times : latest
NST Online Business Times : latest |
| Obama to visit Malaysia in October Posted: 28 Jul 2013 06:42 PM PDT US President Barack Obama will travel to Malaysia for an October summit, said deputy national security adviser Ben Rhodes. Obama will attend the Global Entrepreneurship Summit in Kuala Lumpur, Rhodes said today in a message on the social networking site Twitter. The two-day summit is scheduled for October 11-12.-- Bloomberg
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| KL bourse rises in early trade Posted: 28 Jul 2013 06:36 PM PDT Malaysia's benchmark stock index rose in early trade, driven by gains in lender Hong Leong Bank Bhd and petrol stations operator Petronas Dagangan Bhd. The index, which was up 0.03 per cent at 1,808.18 at 9.13am in Kuala Lumpur, underperformed MSCI's broadest index of Asia Pacific shares outside Japan that rose 0.22 per cent, while it outperformed Tokyo's Nikkei share average that fell 1.69 per cent. Shares of Hong Leong Bank rose 1.12 per cent, while Petronas Dagangan climbed 1.04 per cent. "As investors wait for fresh market leads to emerge, our Malaysian bourse will likely range-bound for the time being," HwangDBS Vickers Research said in a research note to clients on Monday.
HwangDBS also said investors will watch Coastal Contracts Bhd after the marine services firm announced it secured contracts for the sale of vessels for the oil & gas industry with a combined value of RM425 million. Coastal Contracts' shares were up 2.46 per cent at RM2.91 at 9.14am.-- Reuters |
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