News

KUALA LUMPUR: Despite a weaker FY22 earnings result, Yinson Holdings Bhd’s long-term prospects remain intact as it continues to seek growth opportunities in the FPSO and renewables segments, said Kenanga Research. Read full story

KUALA LUMPUR: CGS-CIMB is maintaining its 2022 growth forecast for Malaysia’s gross domestic product (GDP) at 5.6 per cent year-on-year (y-o-y). Read full story

KUALA LUMPUR: The FBM KLCI ended the morning session higher after bouncing back from mild losses earlier in the day. Read full story

KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) has re-elected Hong Leong Assurance Bhd (HLA) group managing director and chief executive officer (CEO) Loh Guat Lan as its president for the 2022/2023 term. Read full story

SHANGHAI: CNOOC Ltd, China’s top offshore oil and gas producer, plans to raise 35 billion yuan ($5.5 billion) via a public share sale in Shanghai next month to fund oil and gas excavation as Beijing prioritises energy security amid rising geopolitical risks. Read full story

PETALING JAYA: Almost 60 per cent of the Japanese companies in Malaysia recorded a surplus in their operating profits in 2021. Read full story

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has successfully priced and placed out EXSIM’s issuance of four-year RM300 million Islamic medium-term notes (IMTN) at a fixed profit rate of 5.1 per cent per annum.  Read full story

SINGAPORE: Oil prices plunged more than $5 a barrel on Thursday on news the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near 50-year history of the SPR. Read full story

LONDON: Britain’s economy grew more quickly than previously thought in the last three months of 2021 when the country was hit by the Omicron wave of COVID-19 cases, driven by higher health spending, official data showed on Thursday. Read full story

KUALA LUMPUR: Widad Business Group Sdn Bhd (WBG) is expanding into the defence industry by teaming up with HAVELSAN Hava Elektronik Sanayi ve Ticaret A S, Turkey’s largest military systems developer. Read full story