Stock Market & Investment News
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Asian share markets mostly higher despite Omicron threat
HONG KONG: Asian share markets were broadly up on Wednesday as the risk appetite of global investors rises heading into year-end, despite the surging number of Omicron COVID-19 variant cases around the world. Read full story
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Cathay Pacific to cancel some passenger flights in January amid tougher curbs
Hong Kong’s Cathay Pacific Airways Ltd will cancel some passenger flights in January because of operational and travel curbs at a time when the Asian financial centre has tightened quarantine requirements, the airline said on Wednesday. Read full story
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China shares end flat as real estate losses offset auto, tech gains
SHANGHAI: China stocks closed flat on Wednesday as losses in property developers offset gains in auto and tech firms, despite an assurance from a senior state planner to keep growth stable in the world’s second largest economy. Read full story
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Sunway Property records RM553mil sales through 'Always with You 2021' campaign
KUALA LUMPUR: Sunway Property, the property division of Sunway Group, has recorded RM553 million sales within two months of launching the “Always with You 2021” campaign on Oct 15 that featured five of its newest developments designed for new norm living. Read full story
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FBM KLCI finishes above 1,500-level
KUALA LUMPUR: The local benchmark stock index closed above the psychological 1,500-level on Wednesday, driven by renewed buying interest in selected heavyweights. Read full story
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BFood to acquire two commercial units at Berjaya Times Square for RM15.67mil
KUALA LUMPUR: Berjaya Food Bhd (BFood) has proposed to acquire two freehold commercial units at Berjaya Times Square for a cash consideration of RM15.67mil, or RM650 per sq ft. Read full story
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Kelington secures RM110mil UHP contract in Singapore
KUALA LUMPUR: Kelington Group Bhd’s wholly owned subsidiary, Kelington Engineering (S) Pte Ltd has secured a contract worth RM110mil in Singapore. Read full story
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Temporary closure of EPF Temerloh
KUALA LUMPUR: The Employees Provident Fund (EPF) is temporarily closing its Temerloh office and counters starting today until further notice to ensure the safety and wellbeing of its members and staff due to the worsening floods currently occurring in Pahang. Read full story
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KNM plans corporate exercises to raise funds to enhance financial position, boost growth
KUALA LUMPUR: KNM Group Bhd and its subsidiaries have proposed to undertake five corporate exercises to raise funds to enhance their financial position and accelerate the group’s future growth. Read full story