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.