Updated : September 19, 2017 Singapore The Straits Times Index (STI) ended 15.9 points or 0.49% lower to 3225.95, taking the year-to-date performance to +11.98%.
Malaysia The FBM KLCI index lost 7.00 points or 0.39% on Tuesday. The Finance Index fell 0.43% to 16762.25 points, the Properties Index dropped 0.38% to 1256.91 points and the Plantation Index down 0.31% to 7953.82 points. The market traded within a range of 8.38 points between an intra-day high of 1783.68 and a low of 1775.30 during the session. More
Updated: September 15, 2017 Trump-Najib Meeting Gives Malaysia-U.S. Relations Shot of Adrenaline Malaysian prime minister Najib Razak’s visit to the White House on September 12 has injected new energy into a bilateral relationship that had slipped into a funk during the last two years of the previous U.S. administration. Some of this coolness resulted from Najib’s crackdown on his political opposition and the U.S. Department of Justice launching a corruption investigation into the dealings of a Malaysian state investment fund. resident-elect Donald Trump’s foreign policy team is taking shape, with the choice of ExxonMobil chief More
Updated: September 15, 2017 Biweekly Update Indonesia strikes agreement with Freeport on share divestment The Indonesian government on August 29 announced that Freeport-McMoRan can apply for a 10-year license extension at its Grasberg gold and copper mine after securing an agreement for the U.S. mining company to divest 51 percent of its shares in its Indonesian subsidiary. The agreement also commits Freeport to convert its existing contract—which expires in 2021—into a Special Mining License, build a More