News

BENGALURU: Gold prices gained on Thursday, as the dollar weakened after the U.S. Federal Reserve decided it would end its pandemic-era bond-buying programme in March, with investors now awaiting policy decisions from other major central banks. Read full story

SINGAPORE: Oil prices rose on Thursday as U.S. implied consumer petroleum demand surged to a record high in the world’s top oil consumer even as the Omicron variant of coronavirus threatens to dent oil consumption globally. Read full story

TOKYO: Asian stocks rose on Thursday after the Federal Reserve flagged a long-awaited end to its monetary stimulus next year but delivered an otherwise upbeat economic outlook, which lifted investor spirits. Read full story

KUALA LUMPUR: VS Industry Bhd’s net profit shrank to RM39.39 million for the first quarter ended Oct 31, 2021 (Q1 FY22) from RM66.68 million in the same period last year due to lower printed circuit board assembly orders received by its Malaysian operations as well as component supply disruption. Read full story

PETALING JAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) and Rehda Institute are hoping that banks and financial institutions would expand their step-up financing and other alternative financings to improve home ownership for the people in this country. Read full story

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) today obtained its shareholders’ approval to award engineering, procurement and construction (EPC) works worth US$1.65 billion (RM6.8 billion) to sister company Lotte Engineering and Construction Co Ltd (LEC). Read full story

KUALA LUMPUR: The FBM KLCI rose on Thursday in sync with regional markets, supported by continuous buying in the banking stocks. Read full story

KUALA LUMPUR: Eco World Development Group Bhd’s (EcoWorld Malaysia), which saw its net profit jumped 14.1% to RM182.74mil in the financial year ended Oct 31, 2021 (FY21) compared with RM160.15mil a year ago. Read full story

KUALA LUMPUR: Eco World International Bhd (EWI), which posted a net profit of RM13.57mil in the financial year ended Oct 31, 2021 (FY21), is targeting RM2bil in property sales in FY22. Read full story

KUALA LUMPUR: Signature International Bhd has proposed to acquire 765,000 ordinary shares or 51% equity interest in Space Alliance Contracts Sdn Bhd for RM15.3mil cash to expand into a full-fledged design and build interior fit-out company. Read full story