News

KUALA LUMPUR: The Malaysian Automotive Association (MAA) has commended the efforts by the government in initiating the Keluarga Malaysia automotive discount voucher aimed at helping flood victims. Read full story

KUALA LUMPUR: Muhibbah Engineering (M) Bhd has proposed to undertake a renounceable rights issue of up to 256.91 million rights shares on the basis of one rights share for every two existing Muhibbah Engineering shares on an entitlement date to be determined later. Read full story

KUALA LUMPUR: Integrated engineering supporting services provider Coraza Integrated Technology Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 132.5 times. Read full story

SHANGHAI: Chinese shares ended higher on Monday, lifted by gains in consumer and healthcare firms, while Shanghai’s tech-focussed STAR Market rebounded as investors latched on to expectations of deeper reforms and improved liquidity. Read full story

SINGAPORE: Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Read full story

KUALA LUMPUR: The FBM KLC closed above the 1,500-point psychological resistance following a rally that defied expectations of US data showing rocketing inflation. Read full story

KUALA LUMPUR: HSS Engineers Bhd’s unit HSS Integrated Sdn Bhd has accepted two framework services from Digital Nasional Bhd on the provision of consultancy services for the national implementation of Malaysia’s 5G infrastructure and network. Read full story

KUALA LUMPUR: Land & General Bhd has proposed the acquisition of 3.55 acres of leasehold commercial land in Pekan Desa Puchong in Petaling, Selangor for RM68.04mil cash. Read full story

KUALA LUMPUR: Nova MSC Bhd’s unit, novaCITYNETS International Ltd, has signed a contract for the provision of FORNAZ ePlanCheck software to ENL-Nova Ltd’s electronic physical planning process system project (EPPPS) for the Nigeria Lagos state government. Read full story

LONDON: Luxury carmaker Rolls-Royce, a unit of Germany’s BMW, said on Monday its sales soared 49% to a record high in 2021 despite the global coronavirus pandemic, as demand worldwide for luxury vehicles surged. Read full story