News
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Ringgit opens lower against greenback on positive US economic data
KUALA LUMPUR: The ringgit extended its downtrend against the US dollar to open lower today as the greenback strengthened amidst positive US economic data, an analyst said. Read full story
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Brahim's stock plunges as appeal for extension rejected by Bursa Securities
KUALA LUMPUR: Brahim’s Holdings Bhd dove five sen or 43.5% to 6.5 sen a share at Friday’s open on the back of news that the stock could be delisted by this month. Read full story
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Consolidation persists as investors wait out uncertainty
KUALA LUMPUR: The FBM KLCI was slightly higher at midday as the market continued its consolidation phase amid a volatile global trading landscape. Read full story
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Chinese, Indian refiners to take less Saudi crude in May
SINGAPORE/NEW DELHI: Some Chinese and Indian refiners will receive less crude oil from Saudi Arabia after the world’s top exporter hiked its official selling price to record levels, people with knowledge of the matter said on Friday. Read full story
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MNHB aims to raise RM17.2mil from ACE Market IPO
KUALA LUMPUR: MN Holdings Bhd (MNHB) plans to raise RM17.2mil from its listing on the ACE Market of Bursa Malaysia for business expansion. Read full story
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Capital A to be profitable next, says CEO
KUALA LUMPUR: Capital A Bhd expects to return to profitability in 2023 in line with the anticipated recovery in travel demand by year-end, said chief executive officer Tan Sri Tony Fernandes today. Read full story
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LTKM to venture into EMS business, divest of poultry operations
KUALA LUMPUR: LTKM Bhd has put forward a series of proposals to divest its existing business to its major shareholder and venture into the provision of electronic manufacturing services (EMS) via the acquisition of Local Assembly Sdn Bhd. Read full story
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G3 Global secures shareholders’ nod for healthcare business
KUALA LUMPUR: G3 Global Bhd has secured approval from its shareholders to venture into the higher-margin healthcare business, beginning with the sale of Covid-19 test kits. Read full story
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Building materials cost index continues to rise in March 2022
KUALA LUMPUR: The Building Materials Cost Index (BCI), without steel bars and with steel bars, continued to increase in March 2022, in line with the increase in the price of most of the building materials, said the Department of Statistics Malaysia (DOSM). Read full story
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Petronas, TNB express interest to produce carbon credits – bursa ceo
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), Tenaga Nasional Bhd and other public listed companies (PLCs) have expressed interest to produce credits for the planned Voluntary Carbon Market (VCM). Read full story
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