Stock Market & Investment News

KUALA LUMPUR: Malaysia’s four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the finance ministry. Read full story

KUALA LUMPUR: The ringgit closed lower today, hitting RM4.40 against the US dollar on global recession concerns, said an analyst. Read full story

KUALA LUMPUR: Petronas Gas Bhd (PetGas), which saw its net profit tumbled 20.5% to RM410.58mil in the first quarter ended March 31, has declared a first interim dividend of 16 sen per ordinary share. Read full story

KUALA LUMPUR: Integrated jewellery manufacturer and retailer Tomei Consolidated Bhd is still cautious in setting a target for the 2022 financial year on concerns over market sentiment due to the ongoing uncertainties. Read full story

KUALA LUMPUR: Tune Protect Group Bhd’s net loss narrowed to RM2.97mil in the first quarter ended March 31 (1Q) against a net loss of RM15.45mil a year ago. Read full story

KUALA LUMPUR: GIIB Holdings Bhd has terminated its suspended executive director, Wong Weng Yew following the investigation report pertaining to the charges of misconduct from the external independent auditor. Read full story