News
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Oil prices head for weekly loss on Omicron coronavirus uncertainty
SINGAPORE: Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly. Read full story
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Supermax to commence construction on US manufacturing facility in 1Q2022
KUALA LUMPUR: Supermax Corp Bhd is planning to start construction on the first phase of its new US-based manufacturing facility in Brazoria County in Texas, US in 1Q2022. Read full story
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HSBC fined US$85mil for anti-money laundering failings
LONDON: Britain’s financial regulator said on Friday that it had fined HSBC 63.95 million pounds ($85.16 million) for failings in its anti-money laundering processes. Read full story
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MAA: Vehicle sales rises to 58,742 units in Nov 2021
KUALA LUMPUR: Malaysia recorded 58,742 units of new vehicle sales in November 2021, up 1.94% from 57,622 units in the same month last year, the Malaysian Automotive Association (MAA) said. Read full story
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China benchmark lending rates seen lower even as other c.banks tighten
SHANGHAI: China’s benchmark lending rates will likely be set lower next Monday, after standing still for 20 months, according to a Reuters flash poll, highlighting Beijing’s monetary policy divergence with other major global economies. Read full story
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KLCI trends higher, crosses 1,500-level
KUALA LUMPUR: The FBM KLCI closed up 1.17% on Friday and crossed the 1500-point psychological level as index-linked stocks held firm. Read full story
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Lani Darmawan appointed as CIMB Niaga president director and CEO
KUALA LUMPUR: CIMB Group Holdings Bhd has appointed Lani Darmawan as the president director and chief executive officer of CIMB Niaga. Read full story
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Gadang's unit secures subcontract worth RM131.37mil
KUALA LUMPUR: Gadang Holdings Bhd’s wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd (GESB) has secured a RM131.37mil contract from Binary Vista Sdn Bhd. Read full story
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SC, Bursa Malaysia to lift IDSS and PDT Short Sale suspension on Jan 1
KUALA LUMPUR: The Securities Commission (SC) and Bursa Malaysia Bhd will lift the temporary suspension on intraday short selling (IDSS) and intraday short selling by proprietary day traders (PDT Short Sale) that were scheduled to expire on Dec 31, 2021. Read full story
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Destini secures maiden solar power project from IWK
KUALA LUMPUR: Destini Bhd has secured an engineering, procurement, construction and commissioning (EPCC) contract of solar photovoltaic systems at 1,177 Indah Water Konsortium Sdn Bhd (IWK) sewerage treatment plants across Malaysia. Read full story
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