HOUSTON: Oil prices rose on Friday, closing out the week with gains ahead of the U.S. Memorial Day holiday weekend, the start of peak U.S. demand season, and as European nations negotiate over whether to impose an outright ban on Russian crude oil. Read full story
LONDON: The FTSE 100 inched higher on Friday, recording its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government’s windfall tax plan this week. Read full story
JAKARTA: Indonesia will allocate about 1 million tonnes of palm oil for export, prioritising companies that have been registered for the government’s bulk cooking oil programme, a senior trade ministry official said on Friday. Read full story
NEW YORK: Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday. Read full story
Once a poor “skinny kid” from Malaysia, Hock Tan was going head-to-head with a legendary U.S. technology mogul for a transformative acquisition. Read full story
PETALING JAYA: Members of the public are welcome to a walk-in sales preview coinciding with the launch of M333 St Kilda by Matrix Concepts, the property developer’s latest development in Australia, from 12pm to 5pm tomorrow (May 29, 2022) at Brick Studio by Metal Bees, Sunway Damansara. Read full story
KUALA LUMPUR: Strong economic fundamentals and prudent ringgit management are expected to contribute to the strengthening of the ringgit against the US dollar despite several temporary factors that have contributed to the ringgit’s current depreciation, Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz said. Read full story
KUALA LUMPUR: Tuju Setia Bhd posted a lower net profit of RM421,000 in the first quarter ended March 31 (1Q22), compared with RM3.49mil last year, escalated building materials and labour costs as well as preliminaries costs. Read full story
KUALA LUMPUR: Axiata Group Bhd has appointed Dr Hans Wijayasuria and Vivek Sood as interim joint acting group chief executive officers effective June 1, 2022 as Datuk Izzaddin Idris steps down. Read full story
KUALA LUMPUR: The ringgit recovered some of its losses against the US dollar to end the week on a firmer note although the United States Federal Reserve (Fed) will continue its interest rate hike campaign throughout the year, said an analyst. Read full story
KUALA LUMPUR: Boustead Holdings Bhd posted a 573 per cent net profit surge, or RM290.30 million, for the first quarter ended March 31, 2022 (Q1 2022). Read full story
KUALA LUMPUR: MSM Malaysia Holdings Bhd posted a net loss of RM27.68mil in the first quarter ended March 31 from a net profit of RM31.18mil a year prior. Read full story