News

KUALA LUMPUR: HSS Engineers Bhd’s unit HSS Integrated Sdn Bhd (HSSI) has accepted a RM16.27mil contract from Sambungan Lebuhraya Timur Sdn Bhd to provide engineering consultancy services for an upcoming infrastructure facility in the Klang Valley. Read full story

KUALA LUMPUR: Yew Lee Pacific Group Bhd has entered into an underwriting agreement with M&A Securities Sdn Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia. Read full story

KUALA LUMPUR: Malaysia’s Industrial Production Index (IPI) increased 3.9 per cent in February 2022 compared with the same month of the previous year, driven by the growth in the manufacturing sector, the Department of Statistics Malaysia (DOSM).  Read full story

KUALA LUMPUR: Dagang NeXchange Bhd’s (DNeX) 90%-owned subsidiary Ping Petroleum Ltd has received a letter of “no objection” from the North Sea Transition Authority in relation to its proposed development concept for the Avalon discovery in the Central North Sea, UK. Read full story

KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Tanco Holdings Bhd over the sharp rise in its share price and trading volume recently. Read full story

KUALA LUMPUR: The Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd joint venture (SDPLOG) announced that it has secured preliminary commitments of 50 per cent for the first close of its inaugural industrial development fund at US$250 million. Read full story

KUALA LUMPUR: Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM). Read full story

SINGAPORE: Oil prices dropped more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China’s lockdowns continued. Read full story

KUALA LUMPUR: Touch ‘n Go Group (TNG) via Touch ‘n Go eWallet has been selected to participate in ePemula, an initiative by the Ministry of Finance to promote cashless spending among the youths by lightening their burden and encourages offline businesses to go cashless. Read full story

KUALA LUMPUR: Exports of Malaysian palm oil products for April 1-10 fell 26.8% to 271,201 tonnes from 370,492 tonnes shipped during March 1-10, according to independent inspection company AmSpec Agri Malaysia on Monday. Read full story