News

KUALA LUMPUR: The ringgit retreated from yesterday’s gains to open lower against the US dollar on Wednesday, owing to global geopolitical tensions, said an analyst.  Read full story

KUALA LUMPUR: There could be some near-term upsides for brewers over the near-term as the resumption of operations for bars and pubs in the country will translate to higher levels of alcohol sales, says Hong Leong Investment Bank (HLIB) research. Read full story

KUALA LUMPUR: Venture capital firm, RHL Ventures Sdn Bhd (RHL) aims to fully distribute the Hibiscus Fund which is expected to close at around RM300 million this year, half of which to be set aside for Malaysian technology-linked start-ups. Read full story

KUALA LUMPUR: The FBM KLCI ended the morning session in positive territory as investors picked up bargains following recent declines. Read full story

PETALING JAYA: KHK Group and Melbourne-based property Beulah set a new benchmark for clocking RM1.2bil sales for Australia’s most anticipated projects, STH BNK By Beulah. Read full story

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) has obtained approval from Bank Negara Malaysia (BNM) to commence negotiations for the proposed acquisition of Malaysian Industrial Development Finance Bhd (MIDF). Read full story

KUALA LUMPUR: Malaysian Genomics Resource Centre Bhd (MGRC) has launched its genetic screening plus personalised health supplements solutions on the airasia Super App Read full story

TOKYO: Oil futures rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude stockpiles and Shanghai’s extended lockdown. Read full story

SEPANG: AirAsia X Bhd (AAX) is expanding its flight network from Kuala Lumpur with new services to Incheon (Seoul), South Korea and New Delhi, India from April 20. Read full story

KUALA LUMPUR: Ocean Vantage Holdings Bhd’s wholly owned subsidiary Ocean Vantage Engineering Sdn Bhd has clinched a RM71.3mil contract to provide civil, building and piling works for a new onshore gas plant owned by Petroliam Nasional Bhd known as Gas Sales Facilities 2 at Bintulu, Sarawak or BAGSF-2. Read full story