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KUALA LUMPUR: Greece’s new reform proposals to creditors could provide a much needed boost to Bursa Malaysia on Friday.

Reuters reported the reforms raised hopes of a cash-for-reform deal at a weekend summit of European leaders. This saw US stock futures jump and the euro gain in early Asian trade.

Overnight on Wall Street, the key indices ended off highs as investors remained cautious on China and Greece. 

The DJIA and S&P500 gained 0.19% and 0.23% respectively to end at 17,548.62 and 2,051.31. In Asia, Chinese stocks experienced its biggest daily gain in six years as the Chinese government attempting to rescue its struggling stock market. This also triggered other regional markets to end higher. 

BIMB Securities Research said locally, the FBM KLCI ended higher, gained 5.71 points or 0.34% to 1,701.54, lifted mainly by gaming and banking counters. 

Trading participation saw net selling by foreign institutions and local retail while local institutions were net buyers. Local funds were net sellers at –RM148.2mil and retailers at –RM12.4mil while local funds were net buyers at RM160.6mil.

“We expect the local market to remain negative in the short term due to poor

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

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

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

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