3 Basic Factors You Must Know about Forex Trading

FOREX market is all about trading in international exchange market where buying & selling of currencies are operated. FX market is the largest financial market in order to make instant capital. The reason why investors enter in the FOREX market is because of long term investments with good returns.

How Forex market Operate:

Forex market is operated 24 hrs from Sunday noon to Friday noon. The currency is analyzed to buy, by getting accurate Forex tips. For forex recommendations, it’s helpful for investors to deal with advisory firm through online medium or communication through cell phones.

For the investors, predicting the currency price is very common thing but it’s recommended to get recommendations first & then analyze the market that helps investors to get profit potentials.

Risk Management:

It’s important to manage risk factors involved while investing in FX market. Besides this, keep away your emotions while trading because emotions lose your control in trading as a result of which it tends to lead in loss.

With this, you must know your financial limits before investing. If getting proper FOREX TRADING SIGNALS then it’s easy to understand how to invest with limitations.

Planning:

It’s important to organize your investment plans strategically for long term trading perspective. Trade in FX market as a business instead of just thinking about earning money. It’s recommended to implement fundamental analysis about the company from which you’re buying currency.

The fundamental analysis will provide you an idea about company’s revenue generation, assets values & management capability. Also it’s recommended to get recommendations via CURRENCY TRADING TIPS provider to get clear idea to execute your plans.

Malaysia News Highlights- 28th Sept 2015

• Bursa Malaysia opened lower today on poor buying sentiment after a long weekend with investors still cautious on global growth outlook
  The FTSE Bursa Malaysia Kuala Lumpur Composite was 1.85 points lower to 1,613.16 after opening 2.49 points easier at 1,612.52.
   
• The ringgit continued its decline in early trade today, as the greenback strengthened amid the possibility for an increase in interest rates this year.
   
• Foreign funds sold down their shareholdings in Malaysian equities in the week ended Sept 24 with net selling at RM1.268bil.
   
• Tadmax Resources Bhd has received Bursa Malaysia's approval for a further extension of six months to complete its private placement exercise.
   
• Mieco Chipboard is selling its unit Mieco Wood Products Sdn Bhd, which is mainly involved in reforestation, for RM35mil cash to repay borrowings and for additional working capital.
   
• SYF’s net profit for the fourth quarter ended July 31, 2015 almost doubled to RM10.13mil following contribution from its property development segment.

Market Review for KLCI

Market Review for KLCI

The FTSE Bursa Malaysia Kuala Lumpur Composite index lost 4.10 points or 0.25% on Tuesday. The Finance Index fell
0.45% to 14189.02 points, the Properties Index up 0.24% to 1158.54 points and the Plantation Index down 0.15% to
6994.46 points. The market traded within a range of 13.17 points.
The KLCI closed down at 1635.37 points more than one-week low as Southeast Asian stock markets mostly fell. Market
sentiment remained bearish after ringgit continues to slide and as crude oil prices dropped.

Market forecast for KLCI

The FBM KLCI index is expected to trade with bearish sentiments and can take support at 1604 as the investors sentiment
can continue to remain negative on the back of the Chines economic slowdown.

KLCI COUNTER SPECIFIC NEWS

- 1Malaysia Development Bhd has expressed disappointment with Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz who apparently singled out the strategic development company for the ringgit's weakness.
- Foreign selling of Malaysian equities continued for the second day Tuesday with net selling at –RM185.5mil while the market was supported by local funds with local retailers nibbling.
- Iris Corp Bhd expects to see better performance for its financial year ending March 31, 2016 , mainly driven by its trusted identification division, housing project in Papua New Guinea and waste to energy incinerator plant in Phuket, Thailand.
- 1Malaysia Development Bhd has expressed disappointment with Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz who apparently singled out the strategic development company for the ringgit's weakness.
- Foreign selling of Malaysian equities continued for the second day Tuesday with net selling at –RM185.5mil while the market was supported by local funds with local retailers nibbling.
- JAKS Resources Bhd has secured US$1.402 billion (RM5.82 billion) in financing to partly fund the construction of a coal-fired thermal power plant project (IPP project) in Hai Duong province, Vietnam.
- Eco World Development Group Bhd has proposed to buy 2,198.4 acres of leasehold land in Ijok, Kuala Selangor for RM1.181bil.



GLOBAL FACTORS AND WORLD INDICES

* Hong Kong and Shanghai stocks tumbled Wednesday after a gauge of Chinese manufacturing activity for September hit a six-and-a-half-year low, adding to worries about the world's number two economy. Hang Seng Index sank 2.26 per cent, or 493.67 points, to close at 21,302.91.
* Australian shares tumbled to their lowest close in more than two years on Wednesday as concerns about the economic outlook for top trading partner China sent commodity prices lower, hitting sentiment across the board.
* A plunge in a gauge of Chinese factory activity stoked fresh fears about the world's number two economy and the global outlook Wednesday, sending Asian markets tumbling after a heavy sell-off in New York and Europe.
* Taiwan stocks fell on Wednesday after a survey showed factory activity in China - one of the island's biggest trading partners - contracted for the seventh straight month.
* French private-sector activity rebounded in September from its summer torpor, as manufacturing output swung back to growth after two consecutive months f decline, according to a widely watched survey of businesses released on Wednesday.
* Greek banks' capital shortfall may reach the upper end of a 10-25 billion euro (S$16-40 billion) range set out in the country's third bailout.
* Malaysia's consumer price index in August edged up to 3.1 per cent from a year earlier due to sustained price increases in household expenses despite lower fuel
costs, data showed on Wednesday.
* Malaysia's ringgit slid along with stocks and bonds as a measure of factory output in China added to signs Asia's largest economy slowing, spurring demand for the relative safety of the dollar.
* Gold struggled on Wednesday to recover from its losses over the previous two sessions, as the dollar hit its highest in nearly three weeks on expectations the Federal Reserve would hike US interest rates this year.
* Oil prices dipped on Wednesday, reversing early gains, as weak economic data from China weighed on commodities and added to the woes of an oversupplied market that has seen prices more than halve since June 2014.

Forex And Comex Report - 24th Sept 2015

EUR/USD

EURUSD rallied during the day and slightly rose on Wednesday. It seems that the pair has changed its trend and is making a bullish candle. On the daily chart with the trend reversal we feel that the market will head up to 1.1295 level and once this level is cleared we can possibly reach near to 1.14 level. With no other thought, buyers have enter into this market and so the next daily candle will again be bullish.

GBP/USD

GBPUSD fell during the day slicing down to 1.5258 level. The pair is in the longer term down trend so we feel that we are still sellers in this market. The pair will touch 1.5180 level, but after that it may reverse and buyers can be seen in this market. If the major support of 1.5160 is broken then we can move much down to 1.49 level. The next daily candle is expected to change the current trend of the pair.

AUD/USD

AUDUSD fell during the day on Wednesday. The Australian Dollar is in the longer term down trend so we do not see potential for buying in this market at the moment. If we break down below 0.6900 level, the pair will make a new low and we may land to 0.67 or possible 0.66 level down there.

NZD/USD

NZDUSD rallied during the day, but we may get to see some major movements in the pair as the US market opens. New Zealand is in a longer term down trend and we are waiting for a candle that would break the major support of 0.6230 level. On this is cleared we can move down to 0.60 level and probably to 0.58 in the near future.

Forex Today : 23rd Sept 2015

EUR/USD

EURUSD rallied during the day, just moving around 1.1145 to 1.1105 level. The currency pair is in the down trend and we believe it is only a matter of time that the trend may change at any time. The 1.1095 level is showing a major support so if we break this level we may move towards 1.1020 and then probably to 1.08 level. On the contrary, once we get above 1.1170 level we can see a trend change and we believe we would be buyers then. The next resistance seems to be somewhere near 1.13 level. With the next daily candle we feel buyers will enter into this market and so we may get to see a bullish candle.

GBP/USD

GBPUSD fell during the day slicing down to 1.52 level. The pair is in the longer term down trend so we feel that we may move down to 1.5190 level as the next support is seem to somewhere around this level. Up there, 1.5370 is the first resistance that can be seen in the daily chart so if we break this level we are buyers then and we can end up moving to 1.55 level. For now, we are surely sellers until we reach 1.5170 and then breaking this level can probably take the pair to 1.48 level.

AUD/USD

AUDUSD fell sharply after the China manufacturing survey pointed to weaker conditions with the currency. The pair is in the down trend so once we break below 0.7015 level we can reach 0.6965 level. It is only a matter of time that a fall can be seen with the currency pair. We do not see potential for buying this pair at all.

NZD/USD

NZDUSD fell as the china manufacturing survey effected the Australian Dollar. We believe we are standing on the major support at the moment so the next daily candle can change the trend in the market. But if we break below 0.6230 level then we are sure that the market may reach 0.60 level and then possibly move to 0.57 level. We have to wait for next daily candle and also for a major bearish candle that breaks the major support.

Market Review for KLCI- 22nd Sept 2015

The FTSE Bursa Malaysia Kuala Lumpur Composite index lost 4.10 points or 0.25% on Tuesday. The Finance Index fell 0.45% to 14189.02 points, the Properties Index up 0.24% to 1158.54 points and the Plantation Index down 0.15% to 6994.46 points. The market traded within a range of 13.17 points.

The KLCI closed down at 1635.37 points more than one-week low as Southeast Asian stock markets mostly fell. Market sentiment remained bearish after ringgit continues to slide and as crude oil prices dropped.

Market forecast for KLCI:

The FBM KLCI index is expected to trade sideways as the investors sentiments can remain cautious after the FED officials comment on the interest rate hike, however if market finds fresh leads in coming session then it may give a positive movement.

KLCI COUNTER SPECIFIC NEWS :

• External pressures and not public debt are one of the issues that may cause rating agencies to rethink their ratings on Malaysia at present, said Fitch Ratings managing director and global head of sovereign and supranational group.
• The ringgit opened lower against a rejuvenated US dollar today.
• Oil markets have seesawed since the beginning of the week, torn between data that points towards a bottoming out of prices following an over 50 percent fall over the last year.
• Alliance Financial Group Bhd (AFG) is planning to raise RM4 billion from a bond issue for general banking and working capital requirements as well as to finance existing debt redemption.
• Berjaya Land Bhd saw its net profit for the first quarter ended July 31, 2015 drop 74% to RM9.91 million, from RM37.66 million a year ago, mainly due to higher prize payout coupled with the absorption of Goods and Services Tax (GST) expense, lower revenue from hotels and resorts business and higher finance costs.
• Affin Hwang has downgraded FGV to Sell form Hold after the recent surge in the company's share price.

GLOBAL FACTORS AND WORLD INDICES:

• Shares in Hong Kong rose Tuesday following gains in New York after top Federal Reserve officials moved to reassure dealers about the US economy after being spooked by last week's decision to hold interest rates. The Hang Seng Index climbed 0.18 per cent, or 39.65 points, to close at 21,796.58.
• China stocks rebounded for the second day on Tuesday, in a further sign of improving investor sentiment that may help the market gradually stabilise after the rout since mid-June.
• Asian shares rose on Tuesday and the dollar held steady as US markets bounced back and the European Central Bank said it was prepared to ease monetary policy further.
• Taiwan stocks rose on Tuesday mostly following overseas markets and some bargain hunting after the previous day's losses, but further gains were capped due to uncertainties ahead of the central bank's policy meeting.
• The introduction of a new accounting standard for financial instruments will be challenging for the banking industry, especially when it comes to modeling for expected losses, the European Central Bank's supervisory chief said on Tuesday.
• The dollar advanced against the euro and other leading currencies Monday on comments from US central bankers who continue to eye a 2015 interest rate increase.
• US home resales fell more than expected in August, a cautionary sign for the US housing market which has recently looked on stronger footing. The National Association of Realtors said on Monday existing home sales dropped 4.8 per cent to an annual rate of 5.31 million units.
• Gold steadied below a near three-week high on Tuesday, retaining overnight losses as Asian equities and the dollar edged higher and as investors worried over the possibility of a US interest rate hike later this year.
• Oil prices rebounded on Monday , looked like a technical correction from heavy losses last week as the basic global oversupply picture remained intact.

Malaysia News Highlights- 21st Sept 2015

• Malaysian share prices opened lower today on weaker buying sentiment across-the-board on lack of fresh catalysts in the local market.
  The FTSE Bursa Malaysia Kuala Lumpur Composite was 13.65 points lower at 1,655.8 after opening 7.91 points easier at 1,661.54.
   
• The ringgit opened lower against the US dollar in early trading today on lack of demand.
   
• Economists agree that the US Federal Reserve's move last week to keep interest rates unchanged will provide short-term relief to Malaysian financial markets, but they don't think it will help spark a strong rebound in the ringgit

• Hong Leong Investment Bank (HLIB) Research has downgraded the automotive sector to "underweight" and reduced its total industry volume (TIV) assumptions for 2015, on the back of lower vehicle sales in August.
   
• Cruise and resort company Genting Hong Kong Ltd will invest some 17.5 million euros (RM84.4 million) to acquire a 70% stake in Lloyd Werft Shipyard in Bremerhaven, Germany, and a 50% ownership of the shipyard land.
   
• Taliworks Corp Bhd has confirmed that it is eyeing Silk Holdings Bhd's wholly-owned subsidiary Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd (SILK), but stressed it is still in the exploratory stage.
   
• WCT has clinched a construction contract for infrastructure jobs at Kwasa Damansara in Sungai Buloh valued at RM127.39mil.
   
•  Hwang Capital (Malaysia) Bhd reported a 5.51% drop in net profit to RM8.89 million for the fourth quarter ended July 31, 2015 compared with RM9.41 million in the previous corresponding period, partly due to higher operating costs.

Malaysia Update's : 17th Sept 2015

• Malaysian share prices opened higher in early trade today, jumping more than 37 points higher boosted by gains in Tenaga and select blue chips, in tandem with the stronger Asian equities.
  The FTSE Bursa Malaysia Kuala Lumpur Composite is at 37.49 points to 1,683.47.There were 377 gainers, 100 decliners and 174 counters unchanged.
   
• The ringgit extended its gain on Tuesday to open higher against the US dollar today on continuous buying momentum.
   
• Oil prices jumped on Wednesday, after the largest US crude drawdown in seven months at the key US delivery point eased worries about over supply, helping to boost battered energy stocks.
   
  
  
  
  
  
• AmResearch has initiated coverage on Inari Amertron Berhad with a Buy and a fair value of RM3.83 a share, based on a PE of 15 times FY16F earnings, due to surging growth and demand for its radio frequency (RF) chips.
   
• Government bonds or sovereign yields trended upwards across the entire maturity spectrum in August, amid a weak ringgit and subdued oil prices, which steepened Malaysian Government Securities (MGS) yield curves from a year ago.
   
• Inter-Pacific Research Sdn Bhd has assigned a “neutral” rating on Johor Corp’s new Islamic real estate investment trust (REIT) Al-Salam, with a target price of RM1.14, based on a discount rate of 7.6% and a dividend growth of 2%.

The 4 Basic Elements Of Stock Value

The ancient Greeks proposed earth, fire, water and air as the main building blocks of all matter, and classified all things as a mixture of these elements. Investing has a similar set of four basic elements that investors use to break down a stock's value. In this article, we will look at the four ratios and what they can tell you about a stock.

Earth: The Price-to-Book Ratio (P/B)

Made for glass-half-empty people, the price-to-book (P/B) ratio represents the value of the company if it is torn up and sold today. This is useful to know because many companies in mature industries falter in terms of growth but can still be a good value based on their assets. The book value usually includes equipment, buildings, land and anything else that can be sold, including stock holdings and bonds.

Fire: Price-to-Earnings Ratio (P/E)

The price to earnings (P/E) ratio is possibly the most scrutinized of all the ratios. If sudden increases in a stock's price are the sizzle, then the P/E ratio is the steak. A stock can go up in value without significant earnings increases, but the P/E ratio is what decides if it can stay up. Without earnings to back up the price, a stock will eventually fall back down.

Air: The PEG Ratio

Because the P/E ratio isn't enough in and of itself, many investors use the price to earnings growth (PEG) ratio. Instead of merely looking at the price and earnings, the PEG ratio incorporates the historical growth rate of the company's earnings. This ratio also tells you how your stock stacks up against another stock.

Water: Dividend Yield

It's always nice to have a back-up when a stock's growth falters. This is why dividend-paying stocks are attractive to many investors - even when prices drop you get a paycheck. The dividend yield shows how much of a payday you're getting for your money. By dividing the stock's annual dividend by the stock's price, you get a percentage. You can think of that percentage as the interest on your money, with the additional chance at growth through the appreciation of the stock.

Source : Investopedia.com

Forex Report Today

EUR/USD

EURUSD fell on Monday but managed to find support near the 1.13 level. With this we believe that we must look for some supportive candles in order to go long with this pair. We know that the interest-rate decision coming out above the Federal Reserve will be a major driver of this pair this week, but at the end of the day we believe that this market is going to go higher given enough time. We do not see potential for selling this pair.

GBP/USD

The GBPUSD pair fell significantly during the session on Monday, but turned back around to form a large hammer. With this, it looks like we are trying to break out to the upside but there is a significant amount of resistance at the 1.55 level. Once we break above this level we are very bullish. For now, with the yearly CPI release we believe this market may give some uneven movements.

AUD/USD

AUDUSD broke higher on Monday, clearing the shooting star made on Friday. With this we think market may go higher but there is a barrier at 0.72 level. In no time we think sellers will enter into this market. If we get below 0.71 level we may head to 0.69 level.

USD/CAD

USDCAD went back and forth during the course of the day on Monday. We believe that the market continues to grind its way slightly higher, as we will need some type of momentum to break out to the upside and start reaching towards the 1.35 level. We believe that any pull back from here will be supported all the way down to the 1.30 level. Though, the pair is consolidating a lot, but for longer term we can be surely bullish in this market.

Keep This 3 Stock Picks in mind while trading in Bursa Malaysia

Trading in KLSE stock market requires strong analyzation & prediction about market trend. By recognizing daily stock moves, it’s easy to know the listed companies in stock market which can help traders to decide which stock to buy before making investment.

Despite of recognizing the stock movement, there may be risk factors which affect your investment. Therefore, to trade by balancing your position, traders need to follow a plan of action to trade profitably. Below are some static rules shared to follow by the traders & investors in KLSE stock market.

Have a Trading Concept:

Always know your investment limit, so that your investment will have minimal risk of loss as you will know your financial limit.

Monitor Stock chart:

 

While monitoring chart, ‘Buy point’ is an indication to follow the stocks. Further, if you find that stock movements take place beyond the spotted Buy point, it’s acceptable to buy it.

It’s recommended to monitoring stock chart as the indication of ‘Buy point’ will act as a profitable KLSE profitable picks.

Know Your Position:

Before you invest in stock market, it’s good to have list of your valuable assets. Acknowledge your incomes and expenditures; this way planning your budget will be beneficial for investing. The consequences of recognizing your assets will increase the probability of earning good profit potential.

Malaysia News Highlights : 11th Sept 2015

• Malaysian share prices defended its 1,600-point despite being weighed by losses including at index-linked banking stocks.
  The FTSE Bursa Malaysia Kuala Lumpur Composite was down 6.38 points to 1,607.64.
   
• MIDF Research expects the ringgit to strengthen to between 4.00 and 4.20 against the US dollar within the next few months and in turn positively impact the local stock market.
   
• Foreign funds and retail investors were net sellers on Bursa Malaysia on Thursday, according to BIMB Securities Research.
   
• IOI Corporation Bhd is buying the entire oleochemicals business of Germany's Cremer Oleo GmbH & Co KG for 89.4 million euros, or about RM433 million.
   
• KNM Group Bhd's indirect 70%-owned joint venture company CNI Engineering & Construction Malaysia Sdn Bhd has been awarded a US$42 million (RM183 million) erection work contract by Toyo Thai Malaysia Sdn Bhd.
   
• SP Setia Bhd’s net profit for the third quarter ended July 31, 2015 rose 2.5 times to RM261.79 million from RM103.32 million a year ago on the back of a strong sales pipeline and timely handover of its maiden Australian property project, Fulton Lane.
   
• AirAsia Bhd has clinched the best low-cost airline title at the Business Traveller Asia-Pacific Travel Awards 2015, becoming the only airline that has won the title since the inception of the category in 2012.
   
• Berjaya Auto Bhd (BAuto) saw a marginal increase in revenue for the first quarter ended July 31, 2015 to RM512.55 million from RM507.95 million in the previous year’s corresponding quarter from the sales of Mazda vehicles in both the Malaysian and Philippine markets.
   
• Tune Ins Holdings Bhd has changed the company’s name to Tune Protect Group Bhd, as part of its rebranding initiative to better align with its future strategy and product roadmap.
   
• UEM Sunrise Bhd (UEMS) were the most actively traded at mid-morning today and jumped 7.61% on renewed buying interest.

Malaysia News Highlights : 10th Sept 15

• Malaysian share prices opened lower this morning in line with the retreat at most regional markets as profit taking took its toll on the local market.
  The FTSE Bursa Malaysia Kuala Lumpur Composite lost 11.20 points to 1,592.16.
   
• Malaysia’s ringgit opened lower against the US dollar today on lack of buying momentum  to its lowest in more than 17 years as a renewed selloff in stocks.
   
• Bank Negara Malaysia is expected to hold its benchmark rate at 3.25% at a policy review tomorrow amid a plunging ringgit and global market uncertainty.
   
• TH Heavy Engineering Bhd’s newly appointed CEO Nusral Danir is expected to chart a new course for the oil and gas heavy engineering company, during the current low oil price scenario and beyond.
   
• Titijaya Land Bhd is targeting lower property sales of RM400 million for the financial year ending June 30, 2016  due to uncertainties in the softening property market.
   
• Property developer Land & General Bhd (L&G) foresees a 10-15% rise in construction costs moving forward due to the weakening ringgit, which will result in higher property prices for new projects
   
• AirAsia’s share price rose in active trade early Thursday on rising confidence in the low-cost carrier but the broader market was cautious, with banks and Tenaga Nasional erasing part of the previous day’s gains.

Malaysia News Highlights-9th Sept 15

• Malaysian share prices rose 0.81% today to cross the 1,600-point level, lifted by selected blue chips in line with the advance at most global markets.
  The FTSE Bursa Malaysia Kuala Lumpur Composite rose 13.04 points to 1,600.16.There were 298 gainers, 94 losers and 182 counters unchanged.
   
• Malaysia needs to resolve its domestic issues in order to boost investor confidence and this would help stem the decline in the ringgit.
   
• Tenaga Nasional Bhd is one of four suitors shortlisted for the final round of bidding in state fund 1MBD's sale of its power unit Edra Global Energy Bhd.
   
• RHB Capital Bhd is expected to see a higher dilution impact on its earnings per share (EPS) and return on equity (ROE) after it fixed a lower rights issue price at RM4.82 on Monday.
   
• Moody's Investors Service said the depreciation in Malaysia's ringgit is manageable for the sovereign, banks and rated corporates, although it indicates a weakening environment.
   
• Telekom Malaysia Bhd (TM) has entered into a five-year service agreement with Bank Simpanan Nasional (BSN) for a new converged network transformation project.
   
• OSK Holdings Bhd, which is planning to form a mega property company, has failed to take over PJ Development Holdings Bhd (PJD) at the close of the offer yesterday.
   
• George Kent, the group has secured a contract for the supply and delivery of 600,000 units of water meters to Hong Kong’s Water Supplies Department (WSD) worth RM31.19mil, the largest single order for water meters it has ever obtained thus far.
   
• Water concessionaires and pipe makers such as Kumpulan Perangsang Selangor, Puncak Niaga, Engtex, JAKS Resources, YLI could see trading interest as the long-drawn saga over the water restructuring deal between the Selangor and Federal governments had concluded after the final four agreements were signed by both parties.

Malaysia News Highlights - 3rd Sept 15

• Malaysian share prices rebounded at the opening today, lifted by blue chips on bargain hunting activities also improving the previous sentiments.
  The FTSE Bursa Malaysia Kuala Lumpur Composite was 7.21 points higher at 1,597.4 after opening 7.32 points to 1,597.51.
   
• The ringgit opened lower against the US dollar this morning on fresh demand for the greenback following encouraging US employment data.
   
• Corporate Malaysia’s second quarter reporting season was by far most disappointing for investors, falling way below analysts’ expectations for the seventeenth consecutive quarter.
   
• 1Malaysia Development Bhd (1MDB) has clarified that none of the company’s bank accounts have been frozen.
   
• Telekom Malaysia Bhd (TM) has signed a construction and maintenance agreement with TIME dotCom Bhd (Time) for the development and construction of a submarine cable system, called “Sistem Kabel Rakyat 1 Malaysia” (SKR1M).
   
•  Malayan Banking Bhd (Maybank) has set up a senior medium-term note (MTN) programme totalling RM10bil to fund its working capital, general banking and other corporate purposes.
   
• MYEG Services, it has mutually agreed with Celcom Axiata Bhd to extend the MoU to facilitate exploration and collaboration in the areas of e-government services for another year.
   
• Sunway declared a special dividend of 26 sen which arose from the proceeds raised from the offer sale of Sunway Construction Sdn Bhd (SunCon).