NST Online Business Times : latest
NST Online Business Times : latest |
| Ringgit opens higher against US dollar Posted: 17 Sep 2013 06:58 PM PDT The ringgit continues to trade higher against the US dollar for the second day today on renewed buying demand. In the early session, the local currency was quoted at 3.2345/2375 per US dollar versus yesterday's closing at 3.2485/2515. A dealer said the ringgit opened higher against the greenback despite investors remaining on the sidelines, taking the cue from the US Federal Open Market Committee meeting outcome, which is to be known later tonight. "As the policymakers could announce the beginning of an unwinding of its monetary stimulus programme, the consensus is an initial reduction of about US$10 billion in monthly bonds purchase from an existing amount of US$85 billion," he said.
The ringgit also rose against the British pound to 5.1419/1479 from 5.1687/1748 yesterday and strengthened against the euro to 4.3171/3217 from 4.3384/3434 at yesterday's close.-- Bernama |
| Westports to launch bookbuilding for IPO Posted: 17 Sep 2013 07:06 PM PDT Westports Holdings Bhd, operator of Malaysia's busiest port, is expected to launch on Thursday the bookbuilding for its RM2.03 billion initial public offering in Malaysia, according to sources with knowledge of the deal. The offer to institutional investors is expected to range at an indicative price of RM2.30 to RM2.50 per share, the sources added. The listing would be Malaysia's second largest this year after the planned RM2.4 billion initial share sale by UMW Oil & Gas Bhd expected some time in the fourth quarter. Westports, which counts state investor Khazanah Nasional and Hong Kong's Hutchison Port Holdings as shareholders, could not be reached immediately for comment.-- Reuters |
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