Settling lower. The FBM KLCI fell 11.58 points to 1,497.52 on extended sell-offs amid weak trading in the global markets. The Securities Commission has made several changes to the Malaysian Takeovers and Merger Code, which now requires more disclosures and more emphasis on the independent directors. MTD Capital Bhd has obtained the go-ahead from the Philippines’ Toll Regulatory Board to raise toll rates on the South Luzon Expressway effective 1 Jan 2011. Air Asia Bhd firmed up its venture in the Philippines after signing a shareholder agreement with its partners there while Tenaga Nasional Bhd formally signed 3 agreements with various companies for jobs worth RM1.16bn for the 250MW Hulu Terengganu hydro project. CIMB Bank Bhd is set to raise RM2bn through a bond sale. Finally, the US markets were higher yesterday as investors looked on the brighter side of mixed reports on housing and jobs. Crude oil price was however lower by USD0.92 at its close of USD87.70/barrel.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago