Stock Market & Investment News

KUALA LUMPUR: VS Industry Bhd has appointed PwC Consulting to independently review its labour practices for migrant workers, it said on Friday. Read full story

BEIJING: Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. Read full story

KUALA LUMPUR: The FBM KLCI has maintained its uptrend for the third straight day on continuous buying momentum, supported by the positive market sentiment. Read full story

KUALA LUMPUR: Master Builders Association Malaysia (MBAM) has asked the government to consider postponing the implementation of minimum wage and electricity tariff hike for the next two years to accommodate the industry’s stability and capability. Read full story

KUALA LUMPUR: Icon Offshore Bhd has secured a contract worth US$9.6mil from ConocoPhillips Sarawak Limited and Conocophillips Sarawak Oil Limited (collectively Conocophillips Sarawak) for the provision of a jack-up rig. Read full story

GEORGE TOWN: The growing momentum of gross domestic product (GDP) and foreign direct investment (FDI) registered in 2021 are pointing towards an economic recovery year for Malaysia this year. Read full story

KUALA LUMPUR: Celcom Axiata, Maxis and Digi Telecommunications have accepted the offer from the Malaysian Communications and Multimedia Commission (MCMC) for spectrum assignment. Read full story

KUALA LUMPUR: Tropicana Corp Bhd has entered into a strategic partnership with Powerchina International Group Limited (PowerChina) to kickstart the development of Tropicana Paradise in Genting Highlands. Read full story

KUALA LUMPUR: CIMB Group Holdings Bhd today reiterated that the processing error impacting its customers last month was related to a specific third party financial remittance service, involving a limited number of customers that undertook international to local transfers only. Read full story