Malaysia Business News

SARAWAK TO ACCELERATE ITS POWER GENERATION EXPANSION PLAN

KUCHING, Nov 7 (Bernama) - Sarawak is to accelerate its power generation expansion plan to meet the demand of local industries and also for sale to Peninsular Malaysia, the state Planning and Resource Management Minister II, Datuk Amar Awang Tengah Ali Hassan said today.

BERNAMA ECONOMIC SERVICE COVERAGE: NOV 9

1. Deputy Finance Minister Datuk Dr Awang Adek Hussin opens Islamic Financial Planning & Wealth Management conference at Sime Darby convention centre -- 9.00 am

PAKISTAN KEEN TO LEARN FROM M'SIA IN ENHANCING SERVICES SECTOR

KARACHI, Nov 7 (Bernama) -- Pakistan, impressed with Malaysia's achievement in exporting its services industry is keen to learn from it, ways to enhance its own services sector especially for the export market, a top Pakistani trade official said.

FSTEP CONFIDENT OF SECURING MORE SPONSORS

KUALA LUMPUR, Nov 7 (Bernama) -- The Financial Sector Talent Enrichment Programme (FSTEP) is confident of securing more sponsors from financial institutions for its Pre-Selected Scheme, implemented for the first time for the recruitment of its fourth intake of participants, who started the programme in July this year.

TIN PRICE TO CONTINUE BEARISH SENTIMENT NEXT WEEK

KUALA LUMPUR, Nov 7 (Bernama) -- The Kuala Lumpur Tin Market (KLTM) is expected to continue its bearish sentiment next week as the underlying fundamentals remain weak.

CPO PRICES EXPECTED TO REMAIN BEARISH NEXT WEEK

KUALA LUMPUR, Nov 7 (Bernama) -- Crude palm oil (CPO) prices are expected to remain bearish next week.

RUBBERS PRICES EXPECTED TO REMAIN FIRM NEXT WEEK

RINGGIT TO BE STEADY AGAINST US DOLLAR NEXT WEEK

KUALA LUMPUR, Nov 7 (Bernama) -- The ringgit is expected to be steady against the US dollar next week, supported by commercial buying, dealers said.

SHORT TERM RATES TO REMAIN STABLE NEXT WEEK

KUALA LUMPUR, Nov 7 (Bernama) -- Short-term rates are to remain stable on the money market next week, as Bank Negara Malaysia (BNM) is expected to continue to intervene to stabilise the system, dealers said.

KLIBOR FUTURES TO SEE LIGHT TRADE NEXT WEEK

KUALA LUMPUR, Nov 7 (Bernama) -- Trading on the three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts on Bursa Malaysia Derivatives is expected to be thin, due to lack of fresh buying interest, dealers said.

FBM KLCI FUTURES LIKELY TO BE HIGHER NEXT WEEK

KUALA LUMPUR, Nov 7 (Bernama) -- The FTSE Bursa Malaysia (FBM) Kuala Lumpur Composite Index (KLCI) futures contracts on Bursa Malaysia Derivatives is expected to be higher next week, taking cue from the underlying cash market's performance, dealers said.

KL SHARES TO EXTEND UPTREND NEXT WEEK

KUALA LUMPUR, Nov 7 (Bernama) -- Share prices on Bursa Malaysia are expected to extend the uptrend next week, with investors likely to react positively to an improvement in consumer confidence amid recovery signs in the global economy, dealers said.

NAJIB TO ATTEND APEC SUMMIT IN SINGAPORE

KUALA LUMPUR, Nov 6 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak will lead the Malaysian delegation to the 17th Asia-Pacific Economic Cooperation (APEC) Economic Leader's Meeting (AELM) in Singapore from Nov 14 to 15.

70 PER CENT OF PETROL STATIONS OPERATED BY BUMIPUTERA, SAYS MUHYIDDIN

KUALA LUMPUR, Nov 6 (Bernama) -- Deputy Prime Minister Tan Sri Muhyiddin Yassin said almost 70 per cent of petrol stations in Malaysia are being successfully operated by Bumiputeras due to the initiative and efforts taken by the government.

MALAYSIA 1000 AIMS TO RANK, IDENTIFY COUNTRY'S TOP CORPORATIONS

KUALA LUMPUR, Nov 6 (Bernama) --- The main objective of the fourth edition of Malaysia 1000 is to rank and identify the country's top 1,000 corporations, said chairman of BASIS Group of Companies, Tan Sri Abu Hassan Omar.

TM UPBEAT ABOUT BENEFITS OF TELEWORKING

KUALA LUMPUR, Nov 6 (Bernama) -- Telekom Malaysia Bhd (TM) is upbeat about the increasing awareness on the benefits of teleworking among Malaysians and applauds the initiative taken by Works Minister Datuk Shaziman Abu Mansor to implement a teleworking programme for the staff of the Public Works Department.

TOK PA LAUNCHES MALAYSIA 1000 DIRECTORY

KUALA LUMPUR, Nov 6 (Bernama) -- Minister of International Trade and Industry, Datuk Mustapa Mohamed, today launched the fourth edition of Malaysia 1000, the country’s top corporate directory.

NEWS IN BRIEF: NOV 6

DIJAYA CORPORATION BHD has proposed to acquire 36 pieces of vacant leasehold land measuring 7,131 sq metres in Damansara, Selangor for RM19.5 million in a move to increase its land bank for development.

MITI TO LOOK AT NEW MEASURE FOR AGED CARS

KUALA LUMPUR, Nov 6 (Bernama) -- The Ministry of International Trade and Industry (MITI) says it will look at a new measure in place of the Vehicle End of Life Policy plan it shelved today.