News

KUALA LUMPUR: The ringgit has extended its positive run against the US dollar on improving risk appetite for the local currency, an analyst said. Read full story

KUALA LUMPUR: Investors could consider positioning themselves in Bursa Malaysia Bhd given the heightened probability of a general election over the horizon, said Hong Leong Investment Bank (HLIB) research. Read full story

Some 77.5 million PCs were sold worldwide in Q1 2022, down 7.3% from the same period in 2021, Gartner reports. Read full story

KUALA LUMPUR: The FBM KLCI was mildly higher at midday as the start of the US corporate earnings season helped to lift the mood in global markets. Read full story

KUALA LUMPUR: PPB Group Bhd (PPB), the owner of Golden Screen Cinemas Sdn Bhd (GSC) is optimistic that lifting of movement controls, relaxation of social restrictions and a strong line-up of movie blockbusters would boost cinema admissions. Read full story

KUALA LUMPUR: LPI Capital Bhd’s net profit for the first quarter ended March 31, 2022, fell 25.25% to RM61.53mil from the same quarter a year ago owing to a higher claims ratio and a lacklustre performance in the investment portfolio. Read full story

KUALA LUMPUR: Industrial automation solutions provider Greatech Technology Bhd is looking for potential partners to expand its footprint in the European market. Read full story

TAIPEI: Taiwanese chip firm TSMC posted a 45% jump in quarterly net profit on Thursday, boosted by booming semiconductor demand during the COVID-19 pandemic that has led to a global chip crunch. Read full story

KUALA LUMPUR: Finance Minister Datuk Seri Zafrul Abdul Aziz has called on entrepreneurs to utilise the business tax cuts provided for in Budget 2022. Read full story

LONDON: Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Read full story