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Market

Bursa Malaysia Likely To Trade On An Upside Bias Next Week

By Zufazlin Baharuddin and Fatin Umairah Abdul Hamid

Ringgit Expected To Trade Between 4.07 And 4.09 Against US Dollar Next Week

KUALA LUMPUR, Aug 1 (Bernama) -- The ringgit is expected to trade between 4.07 and 4.09 against the US dollar next week, with market sentiment likely to be guided by a series of key United States (US) economic data releases and their implications for the Federal Reserve’s interest rate outlook.

Corporate

Riyadh Air Chooses Kuala Lumpur As First Southeast Asian Destination

KUALA LUMPUR, Aug 1 (Bernama) -- Riyadh Air has chosen Kuala Lumpur as its first destination in Southeast Asia with the launch of its inaugural three-times-weekly service between Riyadh and KL International Airport (KLIA), strengthening air connectivity between Malaysia and Saudi Arabia.

Bursa Malaysia Likely To Trade On An Upside Bias Next Week

By Zufazlin Baharuddin and Fatin Umairah Abdul Hamid

TH Heeds RCI Recommendations, Distributes Profits Based On Audited Results

KUALA LUMPUR, July 31 (Bernama) -- Lembaga Tabung Haji’s (TH) profit distribution is only announced based on audited financial results, thus strengthening the integrity of the financial reporting process and increasing depositors' confidence in the institution.