Stock Market & Investment News

SHANGHAI: China lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy, after data earlier in the week pointed to a darkening outlook for the country’s troubled property sector. Read full story

SINGAPORE: Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Read full story

KUALA LUMPUR: The Finance Ministry (MoF) said the Northeast Monsoon 2021/2022 flood disaster that hit the country in December last year has caused an estimated RM4 billion-RM8 billion reduction in the economic sector’s production value. Read full story

KUALA LUMPUR: Bursa Malaysia saw a follow through selling pressure on Thursday, pushing the benchmark index lower for the fourth straight session. Read full story

KUALA LUMPUR: Censof Holdings Bhd has completed the acquisition of a 51% stake in Cognitive Consulting Sdn Bhd (CCSB). Read full story

KUALA LUMPUR: Maybank today announced that it has integrated its online Sama-Sama Lokal marketplace into its MAE app to further assist small and medium-sized F&B enterprises (F&B SMEs). Read full story

KUALA LUMPUR: The extension of the Home Ownership Campaign (HOC) will drive property sales in the country and help kickstart economic growth, said the Real Estate and Housing Developers Association (REHDA) Malaysia. Read full story

KUALA LUMPUR: Axis Real Estate Investment Trust’s (Axis-REIT) net income more than doubled to RM99.98mil in the fourth quarter ended Dec 31, 2021 (4Q21) against RM49.27mil posted a year earlier. Read full story