Stock Market & Investment News
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MGRC unaware of any reason for sharp fall in share price
KUALA LUMPUR: Malaysian Genomics Resource Centre Bhd (MGRC) is not aware of any corporate development or other reasons for the sharp fall in its share price recently. Read full story
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Hong Kong fintech WeLab to launch digital bank in Indonesia
HONG Kong fintech WeLab said on Tuesday it will buy a controlling stake in Indonesian commercial lender PT Bank Jasa Jakarta and launch a digital bank in the country – one of Asia’s fastest-growing digital economies. Read full story
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Asia stocks bounce from one-year low, China gains on monetary easing
SINGAPORE: Asian shares staged a recovery on Tuesday on receding worries about the impact of the Omicron variant while Chinese markets were supported by the central bank easing monetary policy. Read full story
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Islamic capital market still has potential to expand reach to broader stakeholder economy – SC chairman
KUALA LUMPUR: There is still “tremendous potential” for the Islamic capital market (ICM) to expand its reach to the broader stakeholder economy through sustainable initiatives. Read full story
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Sunway REIT partners with OCBC Bank for sustainability-linked bonds
KUALA LUMPUR: SunREIT Unrated Bond Bhd (SUB) has issued the first tranche of Sustainability-Linked Bonds (SLBs) as part of Sunway Real Estate Investment Trust’s (Sunway REIT) inaugural sustainable financing exercise in partnership with OCBC Bank (Malaysia) Bhd. Read full story
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Oil prices climb over US$1/bbl as Omicron fears ease, Iran delay
SINGAPORE: Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Iran nuclear talks stalled, delaying the return of Iranian crude. Read full story