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Ahd, Jun
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BANGKOK: Southeast Asian stock markets were mixed on Thursday, with the Malaysian benchmark ending three days of losses ahead of the central bank's decision to hold rates steady, while Indonesian large caps retreated amid selling led by foreign investors.

Malaysia's central bank held its overnight policy rate at 3.25 percent on Thursday, as expected, keeping policy steady while the Southeast Asian nation and its markets were rocked by corruption allegations against Prime Minister Najib Razak. 

All 15 economists in a Reuters poll had estimated Bank Negara Malaysia (BNM) would leave the rate unchanged.

The key Kuala Lumpur composite index rose 0.3 percent, with rate-sensitive banking shares showing mixed performance. Maybank rose 0.4 percent while Public Bank fell nearly 1 percent.   

In Indonesia, the Jakarta composite index fell 0.7 percent to 4,838.28, its lowest close since June 15.   

The country saw net foreign outflows of 483 billion rupiah($36.23 million), with Bank Mandiri, Telekomunikasi Indonesia and Unilever Indonesia among the losers, Thomson Reuters data showed.  

Trading volume was light to moderate in the region, at 0.8-1.1 times a 30-day avarage as jitters

KUALA LUMPUR: A weaker ringgit will attract more foreign investment into the country's property sector, Guocoland (Malaysia) Bhd managing director Tan Lee Koon said on Thursday.

The property arm of Hong Leong Group expects the current exchange rate scenario to spur demand for luxury residences in its Damansara City development, which has a gross development of RM2.5 billion.

On Monday, the ringgit breached the 3.80 level against the US dollar, the level at which it was pegged against the

KUALA LUMPUR: The ringgit opened higher against the US dollar Thursday, lifted by some buying support for the local unit, dealers said.

At 9.20 am, the ringgit was quoted at 3.8000/8030 against 3.8050/8080 at 5pm on Wednesday.

A dealer said Malaysia's central bank may intervene at above the 3.8050 level to support the ringgit.

"At 3.8000, the level remains a strong psychological reference point for traders, currently," he added.

The local note was traded lower against a basket of currencies

By: M. Perry

The Global Competitiveness Report 2014-2015 (GCR) by the Geneva based World Economic Forum (WEF) ranks Malaysia 11th out of 144 countries worldwide for the quality of Malaysian transport infrastructure. This is an 3rd party validation and acknowledgment to prove how much Malaysia have improved in providing transport infrastructure.

Lately , we could enjoy a better and fast public transportation in Malaysia as found in many developed countries. We find more and better quality

SINGAPORE: Most emerging Asian currencies rebounded on Thursday as Chinese stocks turned higher, easing concerns over its market rout for now, while Malaysia's ringgit edged up as authorities again intervened to prop up the regiona's worst-performing unit.

Chinese shares started the day sharply lower with CSI300 index down more than 3 percent earlier, indicating a market meltdown is not over yet. The country's stocks have lost about 30 percent over the last three weeks. 

But they reversed the

By:  M. Perry

We were informed that the Gross Domestic Product (GDP) of Malaysia recorded a growth of 5.2% and 6.3 % for the first half of 2014. Some are happy about this growth but there are some who argue that what has the GDP growth has to do with my quality of living?

A growth in GDP evidently shows that Malaysia is on the right track in managing the economy to provide an improved and a better quality of life to all Malaysians.

Generally speaking, GDP is about how the economy of a

It would be grossly unfair to accuse the Government of not tackling the depreciation of Ringgit.

In his SPECIAL ADDRESS ON CURRENT DEVELOPMENTS AND GOVERNMENT’S FINANCIAL POSITION on 20th January 2015, the PM stated that in relation to the Ringgit, "we must closely monitor the following: First, the current account in the balance of payments must remain in surplus. Second, continue with fiscal reforms and consolidation and Third, economic activity must be further diversified to enable us to

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