News

TOKYO: Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region’s prospects for an early, sustained recovery from pandemic paralysis. Read full story

KUALA LUMPUR: The Malaysian manufacturing sector continued to improve in November, with further expansion in both output and new orders, according to the latest IHS Markit data. Read full story

KUALA LUMPUR: Cagamas Bhd has announced its aggregate issuances of RM4 billion worth of bonds and sukuk in a single month. Read full story

KUALA LUMPUR:  Petroliam Nasional Bhd (Petronas) has awarded two Front End Engineering Design (FEED) contracts to JGC Corporation-Samsung Heavy Industries consortium and to SAIPEM Spa. Read full story

KUALA LUMPUR: Awanbiru Technology Bhd’s wholly owned subsidiary has entered into a RM75.89mil contract with Pernec Integrated Network Systems Sdn Bhd for the supply of Google workspace solution and support services for a unified communication and collaborative service managed by Pernec. Read full story

KUALA LUMPUR: Bintai Kinden Corp Bhd has signed a memorandum of understanding with Charter Built Sdn Bhd to jointly develop 36ha of industrial land near Kuala Lumpur International Airport. Read full story

KUALA LUMPUR:  Malaysia Digital Economy Corporation (MDEC) has appointed Datuk Seri Md Alwi Che Ahmad as its non-executive chairman for two years, effective Dec 1, 2021. Read full story

KUALA LUMPUR:  The Producer Price Index (PPI) for local production surged 13.2 per cent year-on-year (y-o-y) in October 2021 to hit a new record high, mainly due to higher commodity prices, said the Department of Statistics Malaysia. Read full story

KUALA LUMPUR: Pharmaniaga Bhd is allocating RM295 million for the group’s capital expenditure (capex) budget in the financial year 2022 (FY2022), compared with RM106.9 million in FY2021. Read full story

SYDNEY/CHICAGO: Global airlines are bracing for more volatility due to the Omicron variant of COVID-19 that could force them to juggle schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say. Read full story