Stock Market & Investment News

KUALA LUMPUR: Telekom Malaysia Bhd (TM) said its main focus for 2022 onwards is to support the government’s efforts to rebuild the nation post-pandemic as it gears itself to seize opportunities in the Fourth Industrial Revolution (IR 4.0). Read full story

KUALA LUMPUR: Sime Darby Property Bhd is ready to launch phase 3B of the Battersea Power Station project this year. Read full story

KUALA LUMPUR: Bank Rakyat Group has announced a higher dividend of 15 per cent for its account holders for the financial year (FY) ended Dec 31, 2021 compared with 13 per cent in FY 2020. Read full story

KUALA LUMPUR: Young savers of Hong Leong Bank Bhd and Hong Leong Islamic Bank’s (HLB) are stepping up once again as eco-warriors under the Earth Hero initiative, by planting another 2,500 trees in the Lower Kinabatangan area in Borneo this year. Read full story

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has notified that its services began to experience slowness due to unprecedented high traffic volumes across its platforms. Read full story

TOKYO: Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would hurt global economic growth and demand for fuel. Read full story

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$114.4 billion as at April 15, 2022. Read full story

KUALA LUMPUR: It’s a sea of red on Bursa Malaysia, with over 800 counters ended in red as heavy selling bash down blue chips and small-cap stocks. Read full story

KUALA LUMPUR: The ringgit, along with other major currencies, continued to be under-pressure after expectations of a 50-basis points (bps) rate hike by the US Federal Reserve (Fed) supported the US dollar. Read full story

KUALA LUMPUR: Kuching Plywood Bhd (KPB) plans to acquire 100 per cent equity interest in Sing Chew Coldstorage Sdn Bhd (SCCS) for a cash consideration of RM20 million. Read full story