News

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves expanded to US$116.7 billion as at Nov 30, 2021 from US$116.5 billion as at Nov 15, 2021. Read full story

SINGAPORE: Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Iran nuclear talks stalled, delaying the return of Iranian crude. Read full story

SHANGHAI: China stocks ended higher on Tuesday after the central bank cut the amount of cash banks must hold in reserve, while investors cautiously watched if Evergrande would default as the world’s most indebted developer inches closer to a debt restructuring. Read full story

BRITISH American Tobacco said it sees 2021 as a “pivotal year” as it backed its full-year profit and sales forecasts on Tuesday buoyed by strong demand for its “new categories” products. Its shares, down 3% this year, rose 1.75% to 2,671 pence in morning trading after the FTSE-listed company also flagged a possible share buyback. […]

KUALA LUMPUR: Bursa Malaysia turned positive on Tuesday after a broad recovery rally, thanks to window-dressing activities and risk-on mode. Read full story

KUALA LUMPUR: The Islamic finance sector must look into supporting climate change actions and the sustainability agenda, facilitating trade and investment and responding to Asia’s evolving consumer landscape going forward as these offer enormous value creation prospects for the sector, according to Bank Negara Malaysia. Read full story

KUALA LUMPUR: Mah Sing Group Bhd’s healthcare business unit, Mah Sing Healthcare Sdn Bhd, is poised to market medical-grade examination gloves in the United States after obtaining premarket notification clearances from the United States (US) Food and Drug Administration (FDA). Read full story

SINGAPORE: Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse. Read full story

KUALA LUMPUR: SIRIM Bhd’s wholly-owned subsidiary, SIRIM STS Sdn Bhd (SIRIM STS), has been appointed as coordinator for the development of Malaysia Railways Industrial Standard (MRIS) to advance and promote the competitiveness of the country’s rail industry.  Read full story

KUALA LUMPIR: VSTECS Bhd’s unit has been appointed the official distributor of automation vendor Puppet Inc as it aims to capitalise on the growing need for compliance across all sectors. Read full story