Stock Market & Investment News

KUALA LUMPUR: Sime Darby Bhd has appointed Tan Sri Muhammad Shahrul Ikram Yaakob as independent and non executive director. Read full story

KUALA LUMPUR: The ringgit was almost flat against the US dollar at the close today as investors shifted their buying appetite towards safe haven assets such as the greenback amid the expectation that the near-term economic outlook appears to be challenging, said an analyst. Read full story

KUALA LUMPUR: The planned Fiscal Responsibility Bill that will be tabled at the next parliament session will put into law some of the country’s bigger picture financial targets, said the finance ministry’s Deputy Secretary General of Treasury (Policy) Datuk Johan Mahmood Merican. Read full story

KUALA LUMPUR: Sugar industry players including MSM Malaysia Holdings Bhd are engaging the government to review the ceiling price of sugar amid rising raw material and freights costs. Read full story

KUALA LUMPUR: Ranhill Utilities Bhd’s wholly-owned subsidiary Ranhill Water Technologies Sdn Bhd (RWT) has secured a RM6.1mil job from MSM Sugar Refinery (Johor) Sdn Bhd. Read full story

KUALA LUMPUR: Amanat Lebuhraya Rakyat Bhd (ALR) and the four expressway concession companies which received its offer letters have finalised the terms and conditions of the draft share sale and purchase agreement, Gamuda said. Read full story

KUALA LUMPUR: Unique Fire Holdings Bhd has signed an underwriting agreement with Alliance Islamic Bank Bhd (AIS) for the group’s upcoming listing on the ACE Market. Read full story

PUTRAJAYA: Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has brushed aside talks on his political ambition including the rumour that he will be contesting the Kuala Selangor parliamentary seat. Read full story

KUALA LUMPUR: Main Market-listed Pimpinan Ehsan Bhd (PEB) has entered into a second supplemental and restated share sale agreement (supplemental SSA II) with B.Grimm Power (Malaysia) Sdn Bhd, reNIKOLA Sdn Bhd, Boumhidi Adel and Tengku Zaiton Sultan Abu Bakar on the proposed acquisition of reNIKOLA Holdings Sdn Bhd and its subsidiaries. Read full story