News

NEW Zealand’s central bank raised interest rates by a hefty 50 basis points on Wednesday, the biggest hike in over two decades, extending a global shift towards tighter policy as authorities seek to reduce second-round effects from runaway inflation. Read full story

OIL prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fuelling concerns about growth and oil demand in the world’s top consumers. Read full story

KUALA LUMPUR: T7 Global Bhd’s manpower subsidiary T7 Intelligent Resources Sdn Bhd has secured a RM6mil contract from Hess Exploration and Production Malaysia BV for the provision of technical and non-technical manpower for the North Malay basin integrated gas development project. Read full story

KUALA LUMPUR: Malaysia led other ASEAN countries in initial public offering (IPO) proceeds during the first quarter (Q1) of 2022 as exchanges in the bloc recorded a year-on-year (y-o-y) decline of 57 per cent in total proceeds for the period, according to Ernst & Young (EY). Read full story

KUALA LUMPUR: The unpredictability of the pandemic and economic growth delay contributed to a comparatively lower foreign direct investment (FDI) into Selangor in 2021, said Invest Selangor Bhd. Read full story

KUALA LUMPUR: Fi­­­­­­nancial technology (fintech) will be leveraged as an enabler for innovative solutions focusing on the halal economy, socially responsible investing (SRI) and Islamic social finance to further grow the Malaysian Islamic capital market (ICM), says the Securities Commission Malaysia (SC). Read full story

LONDON: Tesco, Britain’s biggest retailer, warned its profit would fall in the current year due to the tough economic conditions and pressure on consumers after it reported a 35.8% rise for the 2021-22 year. Read full story

KUALA LUMPUR: Maxis has teamed up with Hewlett Packard Enterprise (HPE) to be the first in the nation to offer multi-access edge computing (MEC) as a digital solution for enterprises. Read full story

KUALA LUMPUR: Sedania Innovator’s gaming arm Esports Players League (ESPL) aims to generate up to 300,000 gamers in partnership with Yield Guild Games Southeast Asia (YGG SEA). Read full story

KUALA LUMPUR: Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system. Read full story