News
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Russia allows some more financial market operations over next two weeks
LONDON: Russia’s central bank has allowed a limited number of additional financial market operations over the next two weeks, as it tentatively eases restrictions linked to the Ukraine conflict. Read full story
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In Sri Lanka, as economic crisis worsens, two men die waiting in queue for fuel
COLOMBO: Sri Lankan police said two men collapsed and died while waiting in separate queues to secure fuel amid sky-rocketing prices leading to record inflation. Read full story
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Germany in talks with Qatar on long-term gas supplies to reduce Russian dependence
Germany and Qatar are negotiating a long-term energy partnership, government officials from both sides said Sunday, as Europe’s biggest economy seeks to become less dependent on Russian energy sources. Read full story
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Trading ideas: Sapura Energy, Public Bank, NTPM, Magni-Tech, JF Technology
KUALA LUMPUR: Stocks to watch on Monday include Sapura Energy Bhd, Public Bank Bhd, NTPM Holdings Bhd, Magni-Tech Industries Bhd, JF Technology Bhd and Berjaya Corp Bhd, according to JF Apex Research. Read full story
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KLCI succumbs to profit taking in early trade
KUALA LUMPUR: The FBM KLCI succumbed to some mild profit taking in early trade on Monday. Read full story
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Foreign funds step up buying on Bursa Malaysia
KUALA LUMPUR: The pace of foreign buying on Bursa Malaysia accelerated with US$280.98mil net of equities purchased over the past trading week, according to MIDF Research. Read full story
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RHB maintains 'overweight' on tech sector, top pick Inari, MPI
KUALA LUMPUR: Inari Amertron Bhd and Malaysian Pacific Industries Bhd (MPI) are RHB Research’s top pick for the technology sector. Read full story
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OGSE industry records lower industry revenue in 2020
KUALA LUMPUR: The oil and gas services and equipment (OGSE) industry recorded a significantly lower total industry revenue of RM56.2 billion in 2020 (FY2020) from RM65.1 billion in 2019 as the overall oil and gas industry was badly hit by low oil prices and COVID-19. Read full story
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KLCI pares loss, stays in red as banks drag
KUALA LUMPUR: The FBM KLCI pared some of its loss but was still in the red at midday dragged by the decline in Maybank Public Bank and Tenaga. Read full story
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Moody's: Asean banks making progress, but facing challenges to decarbonise finance
KUALA LUMPUR: The Association of Southeast Asian Nations (ASEAN) banks have to navigate a challenging path amid pressure from investors, regulators and social forces to decarbonise their loan books and meet country-level net-zero emission targets that go beyond 2050, Moody’s Investors Service said. Read full story
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