News

KUALA LUMPUR: The ringgit traded lower against the US dollar in the early trading session today on lack of demand due to falling crude oil prices, coupled with China’s weaker Purchasing Managers’ Index (PMI), said an analyst. Read full story

KUALA LUMPUR: The gaming sector, which has seen improved earnings results since the final quarter of last year, is expected to continue its recovery with a strong performance expected for the recent quarter. Read full story

KUALA LUMPUR: Proton sales continued to recover in March with 13,028 units sold, a 41.2% jump over the previous month, for a forecast market share of 19%. Read full story

AUSTRALIA’s Pendal Group said on Monday it had received a non-binding takeover offer from asset manager Perpetual Ltd valuing it at A$2.4 billion ($1.80 billion), sending shares of the investment management firm up to 24% higher. Read full story

KUALA LUMPUR: Malaysian Genomics Resource Centre Bhd was awarded a Covid-19 surveillance contract by the Health Ministry’s biomedical research arm, the Institute of Medical Research. Read full story

KUALA LUMPUR: Tenaga Nasional Bhd’s wholly owned subsidiary Vantage RE Lrd has completed its acquisition of a 100% stake in a 97.3MW onshore wind portfolio in the UK from several funds advised by Capital Dynamics, a global private asset management firm, for GBP145.9mil. Read full story

KUALA LUMPUR: Malaysia’s export and import unit value indices recorded positive growth in February 2022, at 2.1 per cent and 1.3 per cent, respectively, according to the Department of Statistics Malaysia (DoSM) External Trade Indices report for February 2022. Read full story

KUALA LUMPUR: The trading of Lingkaran Trans Kota Holdings Bhd (LITRAK) and Gamuda Bhd securities has been suspended after the two companies received conditional letters of offer from Amanat Lebuhraya Rakyat Bhd (ALR), with ALR offering to acquire all the securities of four highway concession companies – KESAS, SPRINT, LITRAK, and SMART. Read full story

LONDON: British financial regulators said on Monday that they would review the way the London Metal Exchange (LME) handled a halt in chaotic nickel trading last month and said the episode underlined questions about the LME’s transparency. Read full story

SINGAPORE: Singapore’s central bank is likely to tighten its policy settings at its review this month, the third time in a row, as inflationary pressures intensify due to global supply-side disruptions and an easing of the city-state’s border controls. Read full story