News

KUALA LUMPUR: The FBM KLCI sank 1.09% to its lowest in two years on persistent selling pressure as investors continued to take flight. Read full story

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar for the third consecutive trading day today, as the bearish outlook on the global economy prompted more investors to shift to emerging currencies, a dealer said. Read full story

KUALA LUMPUR: Bermaz Auto Bhd (BAuto) has issued a fourth tranche of Islamic 7-year commercial papers (ICPs) totalling RM100mil in nominal value with a tenure of six months from the date of issuance. Read full story

KUALA LUMPUR: Global aviation industry leaders are gathering in Doha, Qatar for the 78th IATA Annual General Meeting (AGM) and World Air Transport Summit (WATS). Read full story

KUALA LUMPUR: Axiata Group Bhd and Digi.Com Bhd have mutually agreed to extend the long stop date of their share purchase agreement (SPA) for the proposed merger of Celcom Axiata Bhd and Digi. Read full story

KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd has earmarked a capital expenditure (capex) of RM110mil to upgrade its brewery in Shah Alam, its largest investment in 30 years. Read full story

KUALA LUMPUR (The Straits Times/ANN): Malaysia is playing hardball to finalise ownership of its 5G infrastructure vehicle within a fortnight, as it seeks to narrow the gap with regional competitors who have already deployed the super-fast next-generation mobile network. Read full story

KUALA LUMPUR: TH Plantations Bhd’s special purpose vehicle, THP Suria Mekar Sdn Bhd (TSM) has completed the lodgement of a Sukuk Wakalah programme of up to RM1.08bil in nominal value with the Securities Commission. Read full story

JUST when the property market looked set to finally recover from a two-year debacle in the form of a pandemic, players within the sector are now faced with a new quandary – rising raw material prices. Read full story

Margins under pressure and some firms are going under Read full story