News

SINGAPORE/SHANGHAI: Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home. Read full story

BENGALURU: The Indonesian rupiah was part of a broad decline in Asian currencies led by the Japanese yen on Thursday after Jakarta’s surprise decision to widen the scope of a new palm oil export ban to include crude and refined palm oil. Read full story

KUALA LUMPUR: Guan Chong Bhd (GCB) is cautiously optimistic with the company’s near-term prospects as beyond short-term shocks, the year 2022 has shown signs of being an international year of recovery, spurred by loosening pandemic restrictions and newly reopened borders. Read full story

KUALA LUMPUR: Fraser & Neave Holdings Bhd could raise the prices of its products as the commodities prices continue to rise and spike in global freight rates. Read full story

KUALA LUMPUR: Bursa Malaysia ended broadly higher today due to improving market sentiment across the region, said an analyst. Read full story

KUALA LUMPUR: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting prospective companies to participate in the request for proposal (RFP) for the MRT 3 Circle Line project management consultancy services work package. Read full story

KUALA LUMPUR: Maxis Bhd, which posted a net profit of RM298mil in the first quarter ended March 31 (1Q22), has declared a first interim single-tier tax-exempt dividend of 5 sen. Read full story

KUALA LUMPUR: Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus in an exclusive interview with Bernama shares pertinent points and explanation on the ringgit amid its recent developments. Read full story

KUALA LUMPUR: Capital A Bhd’s (formerly AirAsia Group Bhd) consolidated air operator’s certificates recorded a load factor of 76% and capacity of 4.9 million passengers carried in the first quarter of 2022. Read full story

KUALA LUMPUR: Pavilion Real Estate Investment Trust’s (Pavilion REIT) net profit for the first quarter ended March 31, 2022 (Q1 2022) rose to RM65.24 million from RM31.26 million posted in the same quarter last year. Read full story