Stock Market & Investment News

KUALA LUMPUR: Aeon Co (M) Bhd has appointed Ono Keiji as managing director and chief executive officer (MD/CEO), following the resignation of Shafie Shamsuddin effective June 30. Read full story

KUALA LUMPUR: The Goods and Services Tax (GST) will be improved in terms of the efficiency of its reimbursement process, business compliance level as well as overall administration if the government decides to reintroduce the tax. Read full story

KUALA LUMPUR: Education services provider Minda Global Bhd, via its wholly-owned unit UOC Sdn Bhd (UOCSB) has proposed to acquire a freehold land measuring 174,461 square feet (sq ft) in Cyberjaya and the buildings erected thereon from Persada Mewah Sdn Bhd for RM180 million. Read full story

KUALA LUMPUR: Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT) has appointed Johari Shukri Jamil, as chief executive officer (CEO) effective June 11. Read full story

KUALA LUMPUR: Reservoir Link Energy Bhd’s 60%-owned subsidiary Reservoir Link Solutions Sdn Bhd has secured a contract from SEA Hibiscus Sdn Bhd for the provision of well services pumping and specialty chemicals. Read full story

KUALA LUMPUR: The Securities Commission Malaysia (SC) has clarified that any change of shareholdings that resulted in a person controlling 20 per cent or more of the paid-up capital of a credit rating agency (CRA) required the prior approval of the capital market regulator. Read full story

US inflation hit a fresh 40-year high in May, unexpectedly accelerating in a broad advance that pressures the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. Read full story

KUALA LUMPUR: Iskandar Waterfront City Bhd (IWCity) has decided not to appeal to Bursa Malaysia Securities Bhd’s rejection of the company’s relief application but instead will focus on improving its business operations within the 12-month regularisation period. Read full story