News

KUALA LUMPUR: The FBM KLCI closed higher for the second consecutive day on continuous buying momentum. Read full story

PETALING JAYA: Permodalan Nasional bhd (PNB) has earmarked RM10bil of its portfolio to specifically invest in “green and transition” assets by 2030. Read full story

KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) remains cautious in view of the rising oil and commodity prices as well as geopolitical tensions that may impact the global economy. Read full story

KUALA LUMPUR: Low-cost long-haul airline AirAsia X (AAX) today welcomed flight D7 505 from Incheon International Airport, Seoul to KL International Airport 2 (klia2), recommencing its weekly services after a two-year halt. Read full story

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) network of airports nationwide have witnessed a 52 per cent increase in international traffic in March compared to the preceding month. Read full story

KUALA LUMPUR: Taliworks Corp Bhd has completed the acquisition of the majority economic interest in four solar projects from TerraForm Global Operating LP (TerraForm Global) and several of its subsidiaries. Read full story

KUALA LUMPUR: Kejuruteraan Asastera Bhd’s (KAB) subsidiary KAB Telco Sdn Bhd is forming a joint venture with MRH Empire Sdn Bhd to foray into the telecommunication infrastructure sector. Read full story

KUALA LUMPUR: Telekom Malaysia Bhd’s wholesale domestic and international business arm has entered into a memorandum of understanding with PT Telkom Indonesia’s subsidiary Telin to explore opportunities in subsea cable business arrangements. Read full story

ZURICH: Credit Suisse Group expects to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from the fallout of Russia’s invasion of Ukraine, the Swiss bank said on Wednesday. Read full story

KUALA LUMPUR: ACE Market-bound SFP Tech Holdings Bhd has inked an underwriting agreement with Public Investment Bank Bhd for its initial public offering (IPO). Read full story

BANGALORE: Billionaire entrepreneur Elon Musk tweeted a series of dashes for a missing word followed by “is the Night”, days after he offered to buy Twitter Inc for $43 billion. Read full story

JAKARTA: Indonesian President Joko Widodo said on Wednesday he wanted a thorough investigation of alleged breaches of rules for issuing palm oil export permits after the government’s policy failed to help contain surging cooking oil prices. Read full story