News

 AN investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in private companies focused on what it called a sustainable future. Read full story

KUALA LUMPUR:  Petronas Chemicals Group Bhd has inked a deal to acquire the entire equity interest in Perstorp Holding AB, a global speciality chemicals company, with Financière Forêt Sàrl, a company under European private equity firm PAI Partners, for EUR2.3bil (RM10.5bil) Read full story

KUALA LUMPUR: LBS Bina Group Bhd said its first financial quarter was “encouraging” with a pick-up in sales and construction activities following the easing of lockdown measures. Read full story

KUALA LUMPUR: Koperasi Peserta-Peserta Felcra Malaysia Bhd (KPFB) has inked a memorandum of understanding (MoU) with Siab Development Sdn Bhd to undertake a joint development with a gross development value (GDV) of RM389 million on lands in Gombak, Selangor owned by KPFB. Read full story

KUALA LUMPUR: Malaysia Smelting Corporation Bhd’s (MSC) net profit for the first quarter ended March 31, 2022 jumped to RM64.34 million compared to RM22.12 million in the same period last year. Read full story

KUALA LUMPUR: Aeon Co. (M) Bhd recorded a net profit of RM28.07mil in the first quarter ended March 31, 2022,  a 27.38% improvement over RM22.03mil in the previous corresponding quarter on improved retail margin and higher impairment of trade receivables in the comparative quarter. Read full story

KUALA LUMPUR: Bursa Malaysia ended higher for the third consecutive trading session Wednesday on continuous nibbling in selected heavyweights including financial services, consumer, and oil and gas stocks. Read full story

KUALA LUMPUR: Sunway Real Estate Investment Trust (SunREIT) recorded strong retail sales in the first quarter of the year, which approached 100% normalcy as compared to the same pre-pandemic period in 2019. Read full story

KUALA LUMPUR: Signature International Bhd is acquiring a 23.67 per cent stake, or 120 million shares, in Fiamma Holdings Bhd for RM180 million. Read full story

KUALA LUMPUR: Jentayu Sustainables Bhd’s wholly-owned subsidiary Ipmuda Properties Sdn Bhd is collaborating with Encorp Bhd’s unit Encorp Development Sdn Bhd to develop a 10-storey condominium with an estimated gross development value of RM67.72mil. Read full story