Stock Market & Investment News

KUALA LUMPUR: CIMB Investment Bank Bhd and CIMB Islamic Bank Bhd have received multiple awards from Islamic Finance News at the IFN Deals of the Year Awards 2021. Read full story

KUALA LUMPUR: The ringgit extended yesterday’s downtrend to open lower against the US dollar as positive greenback sentiment curbed demand for the local currency, dealers said. Read full story

KUALA LUMPUR: SEDANIA Innovator Bhd’s (Sedania) sustainable healthcare subsidiary, Offspring Inc Sdn Bhd (Offspring) has made further inroads into overseas markets, having received its first order to export its sustainable healthcare products to Togo and Nigeria. Read full story

KUALA LUMPUR: The FBM KLCI extened its decline but remained above the 1,600-point psychological level at midday as investor sentiment soured over aggressive US rate hikes. Read full story

KUALA LUMPUR: Malaysia’s total trade for February 2022 amounted to RM184.8 billion, or an increase of 17.5 per cent year-on-year (y-o-y), with exports of RM102.3 billion (an increase of 16.8 per cent) and imports worth RM82.5 billion (an increase of 18.4 per cent), said the Department of Statistics Malaysia (DOSM).  Read full story

KUALA LUMPUR: Kejuruteraan Asastera Bhd, (KAB) via its wholly-owned company, KAB Gree Solar Sdn Bhd and Mydin Mohamed Holdings Bhd (Mydin) have signed a power purchase agreement (PPA) to develop a renewable energy asset for Mydin in Kelantan.  Read full story

Oil prices climbed on Tuesday on easing concerns about demand in China after Shanghai relaxed some COVID-19-related restrictions and OPEC warned it would be impossible to increase output enough to offset lost Russian supply. Read full story

KUALA LUMPUR: CSH Alliance Bhd through its wholly-owned subsidiary, Alliance EV Sdn Bhd (AEV) has been appointed by BYD Malaysia Sdn Bhd as the distributor of its commercial electric van. Read full story

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has partnered S P Setia Bhd to provide smart energy and renewable energy (RE) solutions to the developer’s future property developments. Read full story

SINGAPORE: Singapore’s economy likely expanded at a slower pace in the first quarter, but is expected to stay on its recovery path this year as border controls are relaxed further, giving the central bank room to tighten monetary policy to tackle inflation. Read full story