Stock Market & Investment News

KUALA LUMPUR: Pharmaniaga Bhd is looking to expand its market presence to the United Kingdom (UK), Turkey as well as the Middle East and North Africa (MENA) in the next two to three years, while also strengthening its presence in Indonesia. Read full story

KUALA LUMPUR: It’s a sea of red on Bursa Malaysia, with over 1,000 counters ended in red as heavy selling bash down blue chips and small-cap stocks. Read full story

PETALING JAYA: There does not appear to be a shortage of medicines in the local market in general, said Pharmaniaga Bhd. Read full story

KUALA LUMPUR: Bermaz Auto Bhd (BAuto), which posted a 17.7% jump in net profit to RM78.7mil in the fourth quarter ended April 30 (4Q), has declared a 4.5 sen dividend. Read full story

KUALA LUMPUR: The ringgit extended its downtrend from last Friday to end lower against the US dollar today in line with most other regional currencies, as more investors shifted towards safe-haven assets, a dealer said. Read full story

KUALA LUMPUR: InNature Bhd is disposing of its entire shareholding in wholly-owned subsidiary Ola Beleza Sdn Bhd to Natura Cosmetics Asia Pacific Pte Ltd (Natura AP) for RM2.04mil. Read full story

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) today clarified that its unit SCIB Properties Sdn Bhd (SCIBP) has been appointed as a sub-contractor to undertake an engineering, procurement, construction and commissioning contract in connection with the Integrated Smart Lamp Pole Replacement project for Kuala Lumpur City Hall (DBKL) by Ennova Sdn Bhd. Read full story

KUALA LUMPUR: Destini Bhd has completed the delivery of six MD530G helicopters to the Malaysian army after concluding the Final Acceptance Test. Read full story

KUALA LUMPUR: Berjaya Food Bhd (BFood) has proposed to undertake a bonus issue of 1.55 billion bonus shares on the basis of four bonus shares for every existing share held. Read full story

LONDON: Bitcoin tumbled on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” conditions, in the latest sign of the financial market downturn hitting the cryptosphere. Read full story