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).