News
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Ringgit unchanged despite US FOMC jitters
KUALA LUMPUR: The ringgit opened unchanged against the US dollar, as the market jittered in anticipation of the outcome on the Federal Open Market Committee (FOMC) meeting slated for Dec 14 and 15, an analyst said. Read full story
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Market rebound struggles near 1,500
KUALA LUMPUR: The FBM KLCI maintained its early lead although the rebound stalled just below the 1,500 psychological level, reflecting ongoing market caution. Read full story
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Pertama Digital teams up with CGS-CIMB to develop digital financial services
KUALA LUMPUR: Pertama Digital Bhd has inked a memorandum of understanding with CGS-CIMB Securities Sdn Bhd to develop and provide market digital financial services. Read full story
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China's Sensetime postpones US$767mil Hong Kong IPO after US ban
CHINESE artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. Read full story
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Oil gains as investors see limited Omicron impact on demand
TOKYO: Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand. Read full story
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Former FX official says China should avoid excess yuan appreciation
SHANGHAI: Avoiding excess yuan appreciation should be one of China’s priorities in managing market expectations and regulations, a former senior official at the country’s foreign exchange regulator has said. Read full story
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Industry players urge govt to intervene over rising building material prices
KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (REHDA) and six other industry players have urged the government for continuous monitoring and enforcement to weed out profiteering and anti-competition activities in the building materials supply chain. Read full story
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Straits Energy Resources subsidiary bags diesel supply contract from Vietnam's state oil company
KUALA LUMPUR: Straits Energy Resources Bhd’s 70%-owned subsidiary Tumpuan Megah Development Sdn Bhd has signed a call-off contract with Petrovietnam Technical Services Corporation for the supply of diesel for PM3-CAA field. Read full story
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Bursa Malaysia ends higher amid Wall Street gains, strong commodity prices
KUALA LUMPUR: Bursa Malaysia ended higher today, taking a cue from the better performance on Wall Street last Friday and strong commodity prices amid receding concerns over the Omicron variant’s impact on global economic growth, dealers said. Read full story
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Fire incident at Evergreen Fibreboard unit in Johor
KUALA LUMPUR: Evergreen Fibreboard Bhd has announced a fire incident involving a wood storage bin of its subsidiary Evergreen Fibreboard (JB) Sdn Bhd in Segamat, Johor. Read full story
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