Stock Market & Investment News

KUALA LUMPUR: Kejuruteraan Asastera Bhd’s (KAB) subsidiary KAB Telco Sdn Bhd is forming a joint venture with MRH Empire Sdn Bhd to foray into the telecommunication infrastructure sector. Read full story

KUALA LUMPUR: Telekom Malaysia Bhd’s wholesale domestic and international business arm has entered into a memorandum of understanding with PT Telkom Indonesia’s subsidiary Telin to explore opportunities in subsea cable business arrangements. Read full story

ZURICH: Credit Suisse Group expects to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from the fallout of Russia’s invasion of Ukraine, the Swiss bank said on Wednesday. Read full story

KUALA LUMPUR: ACE Market-bound SFP Tech Holdings Bhd has inked an underwriting agreement with Public Investment Bank Bhd for its initial public offering (IPO). Read full story

JAKARTA: Indonesian President Joko Widodo said on Wednesday he wanted a thorough investigation of alleged breaches of rules for issuing palm oil export permits after the government’s policy failed to help contain surging cooking oil prices. Read full story

BANGALORE: Billionaire entrepreneur Elon Musk tweeted a series of dashes for a missing word followed by “is the Night”, days after he offered to buy Twitter Inc for $43 billion. Read full story

KUALA LUMPUR: The FBM KLCI ended higher on Wednesday led by bargain hunting as value emerged from recent falls. Read full story

KUALA LUMPUR: Vertice Bhd has proposed to dispose of 40% equity interest in Kumpulan Voir Sdn Bhd for RM9mil cash. Read full story

KUALA LUMPUR: Ancom Nylex Bhd’s net profit more than doubled to RM15.14mil in the third quarter ended Feb 28 (3Q22) from RM7.08mil a year ago. Read full story

KUALA LUMPUR: Caely Holdings Bhd has reassured all stakeholders that measures are being explored to ensure business continuity and sustainability. Read full story