News
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‘Minimal’ impact seen on earnings from Singapore job
Gamuda portion of MRT project is worth RM1.45bil Read full story
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Insight – Jolt sees more consensus trades hitting the skids
THE new year is proving unkind to the global investor consensus yet again and low visibility now becomes a major problem. Read full story
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Insight – Biden’s Ukraine response is mired in oil
WHEN it comes to the Ukraine crisis and energy, we are less in a war of attrition than one of asymptotes. Read full story
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Malaysia the prime issuer of sustainability sukuk in Asean
KUALA LUMPUR: Malaysia leads in sustainable and responsible investing (SRI) sukuk issuance among the Asean6 countries, accounting for US$3.9bil (RM16.32bil) of issuance value or 56% of the total Asean SRI sukuk issuance as of November 2021, according to a recent research. Read full story
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SunCon’s FY21 net profit soars
KUALA LUMPUR: Sunway Construction Group Bhd’s (SunCon) net profit jumped to RM112.59mil in the financial year ended Dec 31, 2021 (FY21) from RM72.79mil posted a year ago. Read full story
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GML sees rising demand for electric buses
JOHOR BARU: Johor-based bus and bus body manufacturer Gemilang International Ltd (GML) sees rising demand in the completely knocked down (CKD) segment as more countries, especially the United States, are looking to create or re-shore domestic manufacturing activities. Read full story
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Hap Seng Plantations’ Q4 net profit up 155%
KUALA LUMPUR: Hap Seng Plantations Holdings Bhd is expecting its financial performance in 2022 to be influenced by the current high crude palm oil (CPO) prices, exacerbated by lower production, weather and labour issues. Read full story
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GLOBAL MARKETS-Equities tumble and US$ rises as Russia/ Ukraine fears escalate
NEW YORK: Investors around the world lost their appetite for risk on Wednesday, with stocks selling off and the U.S. dollar gaining some ground as Ukraine declared a state of emergency amid intensifying fears of a full-scale Russian invasion. Read full story
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Oil price steadies as US seen unlikely to sanction Russian exports
NEW YORK: Oil prices steadied on Wednesday, holding below 2014 highs, as U.S. officials indicated escalation between Russia and Ukraine was unlikely to result in sanctions on energy supplies from Russia, one of the world’s top oil producers. Read full story
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Ex-Goldman banker's 1MDB corruption trial hits snag over evidence disclosure
NEW YORK: The trial of a former Goldman Sachs GS.N banker accused of helping loot Malaysia’s 1MDB sovereign wealth fund will be paused due to late disclosure of some evidence by prosecutors to the defense, the judge in the case ruled on Wednesday. Read full story
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