News

KUALA LUMPUR: Malaysia’s natural rubber production fell 26.8 per cent to 31,577 tonnes last November compared with October’s 43,127 tonnes, said the Department of Statistics Malaysia (DOSM). Read full story

KUALA LUMPUR: United Overseas Bank Ltd (UOB) expects its acquisition of Citigroup’s consumer banking businesses will immediately bring a 1.4 times uplift to income, said UOB group chief financial officer (GCFO) Lee Wai Fai. Read full story

TOKYO: Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations that U.S. interest rates could rise as soon as March, leaving markets braced for tighter monetary conditions. Read full story

TOKYO: Japan’s Hitachi Ltd said on Friday it plans to sell about half of its stake in Hitachi Construction to trading company Itochu in a sale worth about 182.4 billion yen ($1.60 billion). Read full story

SINGAPORE: Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise. Read full story

BEIJING: China posted a record trade surplus in December and in 2021, as exports outperformed expectations during a global pandemic, but some analysts pointed to a slowdown in international shipments in the coming months. Read full story

KUALA LUMPUR: The FBM KLCI ended the day in red, dampened by across-the-board selling, in line with the weak regional performance. Read full story

KUALA LUMPUR: Lion Industries Corp Bhd (LICB) has proposed to dispose of its entire 100% equity stake in Eden Flame Sdn Bhd for RM135.88mil. Read full story

KUALA LUMPUR: Ageson Bhd has decided not to continue with the supplies of sand to several parties due to the high shipping costs. Read full story

KUALA LUMPUR: AirAsia Group Bhd (AAGB) is in the midst of formulating a plan to regularise its financial condition in order to address its Practice Note 17 (PN17) status and relevant announcements will be made in due course. Read full story