At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.
07:19 *(CN) TRUMP TO DELAY TARIFFS ON $250B OF CHINA GOODS TO OCT 15TH (PRIOR OCT 1)
EDGE: Former Malaysian Merchant Marine Bhd (MMM) executive deputy chairman Datuk Ramesh Rajaratnam 55 was found guilty of insider trading by the Sessions Court yesterday and sentenced to five years in jail and fined RM9 million, following a full trial with 24 witnesses testifying, said the Securities Commission Malaysia (SC) in a statement. MMM, a shipping and logistics company, fell into PN17 status in March 2010, and was delisted from Bursa Malaysia in March 2011. A minority shareholder like me owns less than half of MMM. You think it’s funny, Ramesh. A boomerang returns back to the person who throws it. But first, while moving in a circle, it hits its target. So does gossip.
FMT: Reports of a proposed takeover of highway operator PLUS Malaysia Bhd have been met with concern by its majority shareholder Khazanah Malaysia, a source in the government investment arm said. The source said the sovereign wealth fund was not directly engaged by those interested in taking over the company. “In any business transaction, a buyer should approach the seller and make a proper offer. This should be no different,” said the source who wished to remain anonymous. Look PH, that’s why there’s rules, understand? So that you think before you break them.
BERNAMA: Putrajaya is looking at organising a Home Ownership Campaign (HOC) either in China or Hong Kong, to attract Chinese buyers to come and invest in the local property market, which is cheaper by comparison, said Housing and Local Government Minister Zuraida Kamaruddin. Please remember rules are put in place to provide order and consequence for actions.