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Friday 5 June 2015

Malaysia News Highlights- 5th June 15


  • Malaysia share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.06 points to 1743.16.

  • The ringgit was lower versus the US dollar and most major currencies on lack of interest for the local unit, a dealer said

  • Minister of International Trade and Industry Datuk Seri Mustapa Mohamed expects the volume of trade between Saudi Arabia and Malaysia to see a slight decline from the numbers it saw in 2014, with the ongoing political unrest in countries in the Middle East.

  • Malakoff Corp Bhd's 1,000 megawatt (MW) Tanjung Bin Energy (T4) coal-fired power plant is on track to start operations on March 1, 2016 after its boiler successfully ignited using fuel oil on May 31, 2015.

  • Malaysian palm oil futures ended higher on Thursday in anticipation the ringgit will continue to retreat and on market talk the world's biggest edible oil consumer India will ramp up purchases of refined palm oil.

  • Asian shares got off to a tentative start on Friday while bonds snapped a vicious losing streak and the euro retreated as investors braced for U.S. jobs data and another session of uncertainty over Greece.

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