Highlights-

• Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 6.81 points to 1789.96.

• The ringgit opened higher against the US dollar today on short covering activities and against other major currencies, the ringgit was traded mixed.

• Continuous uncertainty in Europe shifted investors interest to the Asian region and this is expected to benefit countries which has sound economy and stable politics such as Malaysia.

• Bursa Malaysia Bhd will make various amendments to its Main Market and Ace Market listing requirements to promote business efficacy and enhance market quality.

• ARC Ratings SA, a global rating agency, has assigned a long-term foreign currency issuer rating of "A" to the Malaysian government. The agency also assigned a long-term local currency issuer rating of "A+" to Malaysia.

• Eversendai Corp Bhd has been awarded a contract worth RM184 million by Reliance Industries Ltd of India for the supply of steel materials, connection design, engineering and fabrication for the construction of the Dhirubhai Ambani International Convention and Exhibition Centre (DAICEC) in Mumbai, India.

• Malayan Banking Bhd (Maybank) expects 20% growth in billings from small and medium enterprises card merchants this year, driven by its portable payment device, namely Maybank mobile point of sale (mPOS) service that allows merchants to accept card payments.

• BMW Group Malaysia, which expects another record breaking sales this year, aims to make Malaysia an export hub for the Asean region, in particular for energy efficient vehicles.